Careers | IBEC

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.

Our Values

We respect the values, culture, beliefs, traditions, business practices of our clients, partners, communities and people around the world.
We conduct business honestly and transparently, we are responsible for our words and our actions.
We are ready to listen and hear in order to resolve all issues together through dialogue, finding mutually beneficial solutions and compromises.
We are ready to help those who need it in order to achieve results together.

We serve our people, our clients, our business.
Our work is multilateral financial diplomacy.
We remain committed to our business even in difficult and unfavorable conditions.
We are motivated by developing ideas and turning them into reality.

We are a team of professionals; we take smart, calculated decisions.
Our dedication and affection with business help us cope with any problems.
We keep our focus on the most important, without wasting resources.
We stand for consistent achievement of goals and self-improvement.

Diversity, differences and versatility are our strengths. We enrich each other.
We are open to new partnerships to move forward together.
We do not retreat when faced with obstacles, but see opportunities and move forward.
Our priority is investment in value creation.

Director of Administrative Department

Duties and Accountabilities

To organize work and monitor activities in the following areas:
- In order to ensure complete and reliable reflection of IBEC operations in the financial statements:
- organize the search for tenants, negotiations and conclusion of commercial lease agreements for real estate in the interests of the Bank;
- organize purchases of goods and services in the interests of operational and technical services of the Bank on the initiative of the Management and in accordance with the decisions of Collegial Bodies or at the request of departments in accordance with the regulatory documents of the IBEC;
- provide high-quality maintenance and operation of the IBEC building complex, including, but not limited to, routine scheduled and requested repairs, organization of control over utility bills, control and proactive repair and maintenance of communications, ventilation systems, water supply, fire extinguishing, etc.;
To organize transportation services, fleet management, catering services and other administrative services in the interests of the Bank and its employees;
To organize usage and cleaning of the adjacent territory, as well as to organize working interaction with municipal authorities.
Develop and achieve key performance indicators in your area of responsibility.

Selection Criteria

University degree in Finance, Economics, International Economic Relations, Engineering or Natural Sciences;
Specialized experience – at least 7 years in the field of real estate management and operation of commercial buildings and structures;
Experience of interaction with local authorities and service providers regarding the issues of operation and maintenance of real estate;
Experience in managing independent business units;
Work experience in foreign or international financial organizations is considered as an advantage;
Knowledge of legislation in the field of commercial real estate transactions, building standards and regulations, requirements of federal and municipal authorities to owners of commercial real estate;
Skills in organizing interaction with shareholders, tenants, utility suppliers, contractors in the field of repair, maintenance, operation and construction;
Deep awareness of the issues of fire safety, emergency response, understanding of industrial safety requirements, occupational health and safety;
Skills of establishing, maintaining and developing relationships with internal and external clients, accuracy, attention to detail;
Organizational skills and the ability to achieve results in a multitasking environment; stress tolerance, adaptability to changing business conditions, active teamwork;
English – advanced (at least B2 level);
Russian – fluency (including oral) (level not lower than C1);
Advanced MS Office user.

Chief Economist, Financial Planning and Reporting Division of the Financial Department

Duties and Accountabilities

Participation in the process of preparing the Bank's planning documents for the relevant year; collection and systematization of information from the Bank's structural divisions in the process of preparing planning documents in terms of indicators for the core banking activities.
Participation in the process of progress monitoring the execution of the Bank's parameters fixed in the planning documents.
Participation in the process of building a forecast of the Bank's financial result and individual financial indicators.
Participation, and in the future, independent conduct of financial analysis and assessment of the financial condition of the Bank.
Development and compilation of management reports on individual indicators for the core banking activities, provided to the management bodies of IBEC, at the request of the Bank's structural divisions, as well as at the request of rating agencies and external counterparties.

Selection Criteria

University Degree in Finance, Economics, Banking;
Work experience:
- in the field of preparation of management reports for at least 3 (three) years;
- in the field of planning - at least 3 (three) years;
- in the financial and banking sector for at least 3 (three) years;
- in the position of chief economist/head of department in the financial and banking sector for at least 3 (three) years;
Experience in international and national development banks is an advantage;
The experience of working with ABS "CFT-Bank" will be an advantage;
Verbal and written English (B2 and above);
Fluency in conversational and writing Russian;
Confident user of MS Office and MS Outlook.

Chief Specialist, Human Resources Department

Job Description

Implement a full cycle of HR activities to process the hiring, transfer and resignation of employees; formalize changes in labor relations, vacations, business trips; take into account working hours, and formalize daytime work schedules.
Participate in the project to implement the HR information system and its subsequent refinement, taking into account the Bank's specific needs.
Participate in the onboarding process for new employees and support the probationary period for new employees.
Generate document packages (memos, draft contracts, reports, invoices, lists of participants, etc.) for conducting prescribed procurement procedures regarding purchases stipulated by the Bank's regulatory documents within the area of responsibility of the Human Resources Department.
Participate in regular staff performance assessments and consult employees in objectives’ setting for the reporting period.
Participate in the implementation of Human Resources Department projects.

Selection Criteria

University degree (leading Universities of the member countries of the Bank or other states) preferably with a specialization in Human Resources Management, Labor Law, or Business Administration.
Confirmation of compliance with the professional standard “Human Resources Specialist” is an advantage.
Work experience:
- at least 5 years of experience in HR management;
- at least 2 years of experience in HR administration using information systems and electronic document management;
- experience in organizational transformation projects and/or significant personnel turnover;
- experience in one of the following HR areas: training and development, recruitment and selection, corporate culture development, and internal communications is an advantage;
- attentiveness and meticulousness in document management;
- knowledge of basic HR principles and modern labor law.
Personal and business competencies:
- problem analysis and solution development;
- organization;
- adaptability;
- self-development;
- personal effectiveness;
- partnership;
- teamwork;
- openness in communication.
The ability to express thoughts in Russian in a structures and correct manner. Knowledge of Russian at the level not lower than C1.
English language level C1 and above.
Excellent knowledge of Excel, Word and PowerPoint, skills in working with human resources information systems (HRIS).

Head of Assets and Liabilities Management Division, Treasury Operations Department

Duties and Accountabilities

Analysis of projected inflows and outflows for the Bank's balance sheet assets and liabilities, taking into account the payment position and applicable risk metrics.
Management of structural liquidity and optimization of balance sheet ALM risks.
Analysis of the asset-liability structure, forecasting and modeling of liquidity over the medium-term horizon in major currencies.
Interaction with risk management to develop a digital assessment of ALM risk metrics.
Analysis and determination of optimal sources of liquidity regulation over forecast intervals.
Liquidity buffer modeling.
Analysis of the ALM asset-liability profile to formulate a risk assessment.
Analysis of the currency risk profile (CRP).
Analysis of market trends and development of proposals for balance sheet positioning and limits for interest rate and currency risk, development of proposals for hedging interest rate and currency risk.
Ensuring consideration of issues by the Bank's collegial bodies within their competence in ALM risk management.
Participation in determining the Bank's pricing policy for asset and liability transactions.
Determining the cost of resources and constructing base interest rate curves taking into account available funding and hedging liquidity, interest rate, and currency risks (FTP).
Participating in the development of the Bank's active-passive product pricing system.
Participating in business planning and asset-liability budgeting for the Bank.

Selection Criteria

University Degree in Science and/or Economics, Finance and Banking.
Professional education/training in the core activities of risk management, asset-liability management and/or financial markets and instruments.
Work experience:
- at least 5 years' experience in analytical treasury and/or financial markets;
- at least 7 years' experience in the financial and banking sector in the above areas;
- experience working with software packages for automating ALM processes, supporting automation processes at all stages, from creating technical specifications to implementation;
- professional competencies and experience in the following areas, confirmed by past duties:
  - analytical (internal) bank treasury (ALM), including analysis, modeling, and management of bank balance sheet assets and liabilities, ALM risks, and market risks; at least 3 years' experience in financial markets (FXMM, derivatives, securities) and/or analytical treasury.
Specific knowledge and skills:
- Knowledge:
  - knowledge of international and national financial market infrastructure;
  - knowledge of bank financial and management reporting, preferably IFRS 9 and 13;
  - knowledge of treasury financial instruments, including tools for analyzing interest rate markets, bond risks, and yields;
  - knowledge of the reporting procedures for treasury instruments;
  - knowledge of payment infrastructure in various currencies;
  - knowledge of and practical experience applying BCBS recommendations and national regulatory standards regarding liquidity and interest rate risk, as well as market risks;
  - knowledge of derivative valuation methods, margining, and collateral management for derivative portfolios, modern approaches to calculating and limiting counterparty risk, and calculating XVA metrics;
- Skills:
  - financial analysis and mathematical modeling;
  - working with regulatory documents and processes, and treasury-related management reporting;
  - automation of ALM processes;
  - participation in the work of the Bank's collegial bodies;
  - communication with internal departments on applied issues, including the development of internal regulatory information;
  - advanced user of information and analytical systems.
English – fluent within the professional area (level not lower than B2).
Russian – high level of proficiency (including verbal) (level not lower than C1).
Practical use of information and analytical platforms and resources.
Advanced MS Office user (Excel, PowerPoint).

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