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.

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

Managing Director, Customer Relations Division of the Customer Relations Department (Asia)

Duties and Accountabilities:

Searching and introducing to the Bank potential corporate and other clients from IBEC member countries (primarily Mongolia) and from the third countries, if the activities of such clients are directly related to the IBEC member countries. Ultimate job purpose is contracting the clients for IBEC settlement and cash services, transactions with the Bank through trade finance and credit operations.
Advise clients on the full range of IBEC products.
Collect comprehensive set of documents required for IBEC to open, process transactions and closing of Bank accounts for customers, as well as for analysis and review of credit transactions.
Collect information on credit and trade finance transactions that potential clients are seeking to execute.
Assist in obtaining from clients the proper documents to open and maintain clients' bank accounts
Participate in the promotion of IBEC marketing and presentation materials.

Selection Criteria:

University degree in Economics, Finance of Foreign Trade.
At least 3 years of specialized experience in Corporate and Investment fields, Finance and Banking (including foreign economic activity). Leadership experience for at least 1 year is an advantage.
Experience in credit and investment transactions for corporate clients (direct lending, trade and structured financing, cash management) in a position similar to the position of "Managing Director" in terms of scale and level of responsibility.
Experience in the implementation of complex structured credit and investment transactions, with non-resident corporate clients of different countries.
Experience in implementing transactions under Mongolia's Government Business Support Programs or supporting exports from other countries as an advantage (including experience in attracting subsidies and preferential funding).
Experience in top 5 Banks in Mongolia or foreign financial organizations is considered as an advantage.
Knowledge of:
- corporate and investment business, international economic relations, banking products (including settlement); main parameters of interaction and development of relations between banks and organizations;
- main banking products and their structuring for corporate clients;
- credit, documentary and transactional products for legal entities at the expert level;
- Mongolia's legislation for the corporate sector (including banking, insurance, collateral, etc.) as an advantage;
- support programs for Mongolia's corporate and SME sectors as an advantage.
Skills:
- creating a sales network from scratch;
- conducting negotiations and presentations;
- financial analysis at a basic level (additional advantage).
Availability of key contacts in the corporate and banking sector.
Availability of key contacts in business support institutions in China, Japan and other countries as an advantage.
English and Mongolian - fluent (at least C1 level).
Russian or Chinese as an advantage.
Advanced user of MS Office.

Chief Specialist, Strategic Analysis and Planning Division of the Strategic Planning and Analysis Department

Duties and Accountabilities:

Preparation of analytical materials on the economies of the IBEC member countries and other countries, identification of macroeconomic trends
Preparation of sectoral analyses and studies
Preparation of economic reviews and monitoring of the compliance with the Bank's mission
Preparation of draft reporting documents on the Bank's activities
Monitoring the implementation of planned actions in line with approved documents
Development and updating of the database of analytical and expert materials
Participation in the development / updating of strategic models / business plans and performance indicators
Participation in internal analysis of the Bank's operational activities

Selection Criteria:

University degree in Finance and Economics (leading universities of the Bank's member countries or other countries) with specialization (Master degree) in one or more preferred fields:
- International Relations
- International Economics and Trade
- International Finance
Experience in analytical departments of financial organizations, consulting or rating agencies - from 3 years
Experience in development institutions (and/or Ministry of Finance/Industry and Trade/Economic Development) will be an advantage
Knowledge of basic statistics, ability to structure, analyze and interpret large amounts of data
Certificates, completed courses, other training in data science, proficiency in Python will be an advantage
Proficiency in Excel at the level of writing macros
Presentation skills, excellent knowledge of MS PowerPoint
Teamwork skills, focus on results, customer focus and initiative
Fluent, competent command of oral and written Russian language (at least C1 level), ability to write well-structured materials
Mandatory oral and written English (upper intermediate (C1) and above) and Russian (C1)
Excellent knowledge of Excel, Word and PowerPoint

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 for Financial Reporting, Financial Planning and Reporting Division of the Financial Department

Duties and Accountabilities

Independent preparation of the Bank’s financial statements in accordance with IFRS with the necessary details and notes.
Preparation of reporting, as necessary, in accordance with the standards of the country of residence of the IBEC - Russian Federation, other required forms of reporting (including a report on open currency positions);
In order to ensure complete and reliable reflection of IBEC operations in the financial statements:

reconciliation and generation of daily reports (balance sheet, statement of accounts’ balances, balance sheet, P&L statement);
implementation of regulatory procedures using the ABS, including: opening and closing the Bank’s operating day, recalculation of exchange rate differences, receiving accounting reporting documents based on the results of work for the day, month, quarter, year;
confirmation of exchange rates in the Bank's ABS after checks.

In order to control banking operations, reconcile the Bank’s transactions and reflect them on the accounts, control the accounts’ balances with identifying the reasons for mistakes, and take measures to eliminate errors.
Preparation of analytical materials (presentation/analytical tables) for rating agencies and external users.
Setting tasks to automate the process of generating Bank reports in accordance with IFRS.
Methodological support of the Bank’s activities from IFRS prospective.

Selection Criteria

University Degree in Finance, Economics, Banking;
DipIFR/ACCA certificate is an advantage;
Work experience:

in the field of preparation of financial statements under IFRS for 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 participating in financial reporting automation projects under IFRS is an advantage;
Experience in international and national development banks is an advantage;
Experience in independent development of analytical tables and reporting forms (text and tabular), as well as setting tasks for automating work tables;
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.

Lead Manager, Customer Relations Division of the Customer Relations Department

Duties and Accountabilities

Consult clients on the entire range of IBEC products
Collect information on clients’ demand for IBEC credit, documentary, transactional, deposit products
Analyze planned client transactions by: currencies, contracts, payment orders, as well as other requirements
Ensure the collection of a complete set of documents required for submission to IBEC in connection with the opening, processing and closing of bank accounts of new clients, as well as for the review and analysis of credit and documentary transactions
Carry out internal procedures in IBEC within the framework of accepting a potential client for banking services (settlements, cash services, deposit placement), including carrying out the necessary KYC (Know Your Customer) procedures
Organize signing of the necessary documents for opening an account
Organize access and connection of the remote banking system for the Client to open accounts
In cooperation with business units coordinate issues of foreign currency and ruble foreign payments of clients; preparation of requests to Clients and provision of necessary documents upon business units’ request
Support Clients in their daily operational activities

payments in currencies of open accounts, support in operating remote banking services (except for technical issues), setting up/removing currency contracts, etc
providing certificates, statements and other documents at the request of the client as part of work on open bank accounts
timely updating of information from Clients on open accounts and remote banking services
preparation of information messages for sending to clients: about opening accounts, the Bank’s operating hours on holidays, etc
organization of work to ensure Clients’ commissions payment on open accounts and transactions carried out in accordance with the Bank’s Tariffs

Preparation of drafts of non-standard settlements and cash services agreements, Agreements on the placement of funds in deposits and coordination with the Bank business units

Selection Criteria

University degree: Economics, Finance and Banking
Specialized experience – at least 3 years in the field of corporate banking, in the field and issues of interaction with corporate clients. Direction: work with corporate clients - consulting, documentation and support, settlement and cash services
Business and personal competencies: experience in maintaining interaction with corporate clients, consulting on the product line, documentation support at all stages of working with the client, settlement and cash services support
Knowledge:
- the specifics of working with corporate clients of the Russian Federation of various segments
- fundamentals of Russian banking legislation in the field of corporate investment products and transactional business
- the legal framework for the preparation by corporate clients of charter and other documents for the formation of a banking client file
Professional competencies

conducting negotiations with current and potential corporate clients
conducting business correspondence with clients
knowledge of banking products and services for corporate clients, including settlement and cash services and deposit placement

English – at the B2 level and above
Russian – high level of proficiency, including oral (level not lower than C1)
User of MS Office

Director of Treasury Operations Department

Duties and Accountabilities

Organization of the work of the Department in order to meet the established functional performance indicators, facilitate the work on issues within the competence of the Department, and monitor the activities of the structural units within the Department.
Development of the investment and trading strategy of the division.
Management of treasury assets portfolio and trading positions in the money, foreign exchange, derivatives and securities markets within the approved authority and limits;
Control over the of the liquidity position on various timeframes using approved and available tools (including, if necessary, execution of transactions in the relevant markets using the necessary hardware and software).
Control of the positioning of the banking/trading books in relation to ALM/market risks, positions’ hedging and funding, and the effectiveness of internal resource pricing.
Modeling treasury portfolios within the framework of business planning and budgeting processes.
Overall focus on the development and diversification of treasury instruments, counterparties, and transaction markets.
Ensure coordination, collaboration and effective assignment of tasks between department’s employees during performance of duties.
Ensure interaction with contractors, infrastructure partners and other organizations.
Interaction with the bank's structural divisions and participation in the development of internal procedures, regulations and documents.

Selection Criteria

University Degree in Sciences and/or Economics, Finance and Banking;
Work experience:

in a senior position in an independent business unit (at least a division in a comparable department) in the field of financial markets (FXMM, derivatives, securities) and/or analytical treasury for at least 5 years;
in the financial and banking sector - at least 7 years in related areas;

Professional competencies and experience in the following areas, confirmed by official functions, personal credentials and relevant diplomas/certificates:

trading operations on financial markets (FX MM, derivatives, securities);
portfolio management of treasury assets in banks and/or asset management in investment funds, management companies;
asset, liability and liquidity management of banking organizations (ALM).

Work experience in foreign or international financial organizations and with Asian counterparties is considered an advantage.
Knowledge:

infrastructure of international financial markets;
tools for analysis in all segments of the financial market;
pricing of financial instruments.

Skills:

organization of work in the department;
work with regulatory documents and processes, management reporting in the Treasury department;
communications with contractors and internal services on application issues and within the framework of collegial bodies.

English - fluent (at least C1 level);
Russian - high level of proficiency (including verbally) (at least C1 level);
Advanced user of MS Office, practice of using trading and information-analytical platforms and resources, specialized ALM systems.

Executive Deputy Chairman of the Board

Job Description

Organization of work on the development of the payment infrastructure to expand the Bank's activities in the field of international settlements;
Support the development and further implementation of the Bank's Information Technology Strategy;
Supervising projects aimed at improving the Bank's operational efficiency;
Support and integration of the activities of functional departments to achieve the goals and key performance indicators of the Bank;
Organization of work to improve existing business processes and develop new ones in accordance with the Bank's business lines, products and tools;
Support for organizational and personnel development initiatives, assessment and competence improvement programs.

Selection Criteria

University degree in Finance, Economics, International Economic Relations;
Work experience:

at least 10 years in the field of economics and finance in the banking industry;
at least 5 years of experience in managing roles.

Work experience in the field of organization and development of financial infrastructure and international settlements;
Experience in implementing cross-functional projects to integrate operational business processes and automation of banking functions;
Experience in managing and developing the information technology function in the banking and financial industry;
Work experience in international financial institutions is a significant advantage;
Knowledge of international financial markets and modern financial technologies;
Knowledge in the field of modern information technologies and understanding of their development trends;
Skills in organizing the activities of several diverse functional areas, building and developing a financial organization, preparing and improving the bank's information technology strategy, developing business processes and customer relationships;
Team leadership, strategic vision, organizational skills, and proven ability to achieve results in volatile and uncertain environment;
The ability to find creative and innovative solutions in unusual, crisis conditions or in new markets or in new business segments;
English – fluent (level not lower than C2);
Russian – fluent level of proficiency (including verbal) not lower than C2;
Advanced MS Office user.

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