International Bank for Economic Co-operation

IBEC is a highly professional international team capable to fulfil the strategic development goals of the Bank

Presentation for potential candidates for vacancies at IBEC Download PDF, 2 Mb

KEY FEATURES OF THE IBEC BRAND AS AN EMPLOYER

Established in 1963, International Bank for Economic Co-operation is a unique multilateral development bank with a rich history and consistently professional staff at all stages of it`s development. As a unique financial institution, which has passed a series of internal reforms and is successfully developing at the moment, the Bank under the legendary brand «IBEC» is contributing for professional and career growth of employees within an international business environment and partnership, keeping traditions of the past and developing in the step of the times.

Participation of employees in the implementation of projects aimed at developing the economies of the Bank's member countries (i.e. infrastructure, energy, scientific, agricultural projects)
Stable sustainable organization with a rich history
Interaction with international clients and employees from member countries
Respect for personal diversity, inclusion of interests
Business transparency and high ethical standards
Competitive comprehensive package of social guarantees and benefits
Possibility of maintaining work-life balance
Diverse challenges and tasks driven by the status of the development bank
Development of competencies in key banking disciplines in a team of experienced professionals

Chief Specialist of Credit Department

Duties and Accountabilities

Comprehensive analysis of loan applications of corporate clients (large, medium and small businesses on the territory of the IBEC member countries) within the framework of trade finance transactions, syndicated and direct lending:
- analysis of the financial stability of borrowers, sponsors and guarantors under IFRS and RAS reporting; consolidation of the reporting of a group of companies;
- analysis of the market environment: the main trends of the market and a specific industry, comparison with competitors;
- analysis of the business plan, financial model and project documentation provided by the client;
- preparation and stress testing of DCF models, calculation of indicators of investment attractiveness;
- preliminary assessment of credit risks, preparation of conclusions and recommendations for structuring credit transactions in the form of a corresponding Credit Conclusion;
- support of the position at the Credit Committee;
- preparation and approval of credit documentation, formation and maintenance of customer credit files.
Monitoring of credit transactions:
- monitoring the financial condition of borrowers, sponsors and guarantors, monitoring borrowers' compliance with the terms of loan agreements, monitoring the targeted use of funds;
- preparation of recommendations based on monitoring results in order to prevent problem debts.
Participation in the preparation of internal and external reporting of the Department.
Ability to negotiate and manage business correspondence, build relationships with foreign and Russian counterparties.

Selection Criteria

Higher education in finance and economics (leading universities of the member countries of the Bank or other states);
At least 5 years in the field of credit risk analysis, preferably as a credit analyst;
Experience with trade finance products, sound knowledge of documentary products and other forms of trade finance;
Knowledge of UCP 600 and relevant Russian legislation;
Experience in working with syndicated loans, knowledge of LMA standards;
Work experience in an international financial institution will be an advantage;
Work experience in the field of project analysis and credit transactions - at least 3 years;
Having a CFA certificate (Level 1 and higher) will be an advantage;
Oral and written English (C1 - upper intermediate and above);
Fluency in Russian verbally and in writing, including the ability to competently and structurally express thoughts and analytical conclusions in written Russian;
Confident user of MS Office and MS Outlook.

Chief Specialist of the User Support Division of IT Department

Duties and Accountabilities:

Support of Automated Banking System (ABS) from "CFT-Bank" with reference to banking products in the following system modules: functional core module, cash desk, loans, deposits, cash settlement, interbank credit, obligatory reporting, securities, electronic archive;
Control and update of documents on the use and configuration of information systems and components;
Coordination of software development processes and maintenance of the ABS;
Development and revision of proposals, as well as implementation of projects for the implementation of information systems and technologies, automation of banking technological processes;
Management of projects for on integration of ABS "CFT-Bank" with DBO, payment systems, personal account and other information systems.

Selection Criteria:

Higher technical education and / or education in Information Technology area;
Work experience of at least 5 years in Information Technology;
Work experience of at least 3 years in ABS support function;
Experience in the implementation of an ABS;
Specialized certificates (ex. MS SQL Server, CISCO or HP) would be an advantage;
Verbal and written English (B2 and higher);
Fluency in Russian (C1);
MS Office user at the expert level.

Head of the Methodology and Business Processes Division of the Strategic Planning and Analysis Department

Duties and Accountabilities:

Mapping and analysis of the current business processes of the Bank in proactive interaction with its Divisions for their effectiveness and compliance with modern practices;
Preparation of proposals and roadmaps for optimizing business processes, including proposals for the most efficient use of the Bank's human resources;
Coordination and methodological support of Divisions in the development of regulations, instructions and other regulatory documents of the Bank in the framework of optimization of business processes;
Organization and coordination of the activities of the Bank's working groups related to the development, assessment and implementation of new products;
Management of other projects to improve the efficiency of the Bank's activities.

Selection Criteria:

Higher financial and economic education (leading Universities of the member countries of the Bank or other states) with specialization in one or several preferred Disciplines:
- Banking;
- Economics and Finance;
- Business Process Management;
- Business and Organizational Management;
- Strategic Marketing.
Banking experience for at least 10 years (in an international or state development bank);
At least 5 years of experience in the field of analysis, modeling and improving the efficiency of banking business processes;
At least 3 years of experience in preparing, agreeing and approving methodology related to Banking, Banking policies and / or processes;
At least 3 years of experience in Project Management (independently and as part of specialized working groups) in the field of improving the efficiency of banking activities;
It is obligatory to demonstrate examples of successfully completed projects to optimize Banking business processes and / or development of an approved relevant methodology;
Developed communication skills, the ability to negotiate with different stakeholders and the ability to constructively argue their point of view to external and internal partners are required;
Oral and written English (C1 and higher);
Fluency in Russian (the ability to express thoughts and analytical conclusions competently and in a structured manner in written Russian).

Priority consideration of candidates with the following competencies:

MBA or PhD in one of the above listed Disciplines;
ARIS certification or other certification in the field of business process management;
Excellent knowledge of Excel, Word and PowerPoint;
Experience in the following areas:
- Experience in implementation of IT solutions (CRM, ERP);
- Experience in developing KPI systems and monitoring their implementation, especially related to reference tables for employees of the Bank's front-office Divisions and assessment of the effectiveness of their work;
- Experience in strategic marketing projects related to the development, financial assessment and modeling of new banking products;
- Experience in the development, presentation and implementation of traditional and alternative banking products and programs.

Stages of the candidate selection process

In the International Bank for Economic Co-operation, personnel selection is carried out on the basis of an international Competition held among Candidates, mainly from the member countries of the Bank. The purpose of organizing the Competition is to determine the Candidate that best meets the Qualification requirements and needs of the Bank. When participating in the international Competition for vacancies at IBEC, Candidates go through the following selection stages:

Initial selection of candidates

Primary selection of candidates – selection of applications (CVs) of Candidates that meet the requirements of selection criteria, confirmed by the information in the application (CV).
Depending on the requirements specified in the application, the level of education, work experience (general / in the field / in the position), the availability of licenses, certificates, knowledge of foreign languages and other mandatory requirements specified in the selection criteria are assessed. An employee of the IBEC Human Resources Department can contact candidates to clarify the details of their career and CV facts.

Initial professional assessment of candidates

After the selection of candidates for compliance with the selection criteria, an initial professional assessment of the candidates is carried out. The initial professional assessment of candidates can be carried out by using various methods, including methods of structured interviews on professional competencies, testing for professional knowledge, performing a practical test task and other methods and assessment procedures aimed at demonstrating the candidate's level of professional knowledge, skills and abilities. As a rule, the primary professional assessment of candidates is carried out by the direct supervisor together with the HR employee.

Interview with the Personnel Competition Committee

Candidates who have successfully passed the initial professional assessment and confirmed their interest in working at the Bank are invited to participate in the interview with the HR Competition Committee.
Prior to participating in an interview with the HR Competition Committee, Applicants are encouraged to take an aptitude test and answer a questionnaire to determine a personal and business competency profile.

After passing an interview with the HR Competition Committee, the final candidate may be offered a job at the Bank.

Principles of the international competition

The Bank has implemented a system for personnel recruitment based on the international competition, which allows to form well-qualified team of professionals capable of implementing the tasks set to the Bank.

Equal Opportunities

The Bank provides equal opportunities for participation in the international competition to all persons regardless of their race, religion, nationality, gender, age, marital or social status and other differences.

Unified Criteria

The Bank uses unified criteria for assessment and selection of candidates, which are focused primarily on professional and personal competencies, qualification level, and work experience.

Transparency

The recruitment process is transparent to all Candidates and to other participants in the competitive selection at the Bank.

About vacancies and career at IBEC

1. If I am not a citizen of the IBEC member country, can I take part in the international job competition?

The recruitment of personnel at IBEC is carried out on the basis of an international competition held among the candidates, mainly from the member states of the Bank.

2. How long does the selection process take?

The competition lasts from the moment of opening until the conclusion of an employment contract with the final candidate, but no more than 6 months from the opening date of the competition. In practice, the closing time for a vacancy is about 4 weeks.

3. What is the composition of the Selection Board?

For vacancies at the level of the position "Manager", the Selection Board includes the Management Board of the Bank.

For vacancies at the “Specialist” position level (with no subordinate employees), the Selection Board includes:

Member of the Management Board in charge of the division in which the vacancy is open;

Head of the structural unit in which the vacancy is open;

Employee of the Human Resources Department.

4. Which language are interviews held in?

Interviews are usually held in Russian – the working language of the IBEC. However, in cases when the position requires the knowledge of the English language, part of the interviews (or all interviews) can be held in English.

5. Can interviews take place remotely?

Yes, all the interviews and other assessment procedures can be conducted remotely. However, it is necessary to have a stable high-speed Internet connection and quality equipment to ensure good audio and video communications during interviews. Typically, distance interviews are recorded to provide the best and most objective assessment of the various candidates involved in the selection.

6. Which criteria are used when selecting candidates for vacancies?

The Bank uses uniform criteria for evaluating and selecting Candidates, focused primarily on professional and personal competencies, qualifications and work experience. These criteria are determined by the qualification requirements set by the Bank for different levels and categories of positions, including requirements for the level of education, work experience, knowledge of foreign languages, the level of proficiency in a personal computer and others.

You can share your CV or send questions to the specialists of the HR department

hr@ibec.int

Careers

KEY FEATURES OF THE IBEC BRAND AS AN EMPLOYER

Stages of the candidate selection process

Principles of the international competition