Treasury Officer (Middle Office) (P)

Established in 1951, IOM is a Related Organization of the United Nations and the leading UN agency in the field of migration. Working closely with governmental, intergovernmental and non-governmental partners, IOM promotes humane and orderly migration for the benefit of all. It saves lives and protects people on the move, drives solutions to displacement, and facilitates pathways for regular migration, while providing services and advice to governments and migrants. 

IOM is committed to fostering a respectful, inclusive and supportive workplace where all employees can thrive professionally and feel valued. By creating such an environment, IOM aims to better harness the full potential of migration and strengthen its support to people on the move.

IOM invites candidates from diverse backgrounds to apply and provides reasonable accommodation throughout the recruitment process when required. Learn more about IOM’s workplace culture at IOM workplace culture | International Organization for Migration

Applications are welcome from first- and second-tier candidates, particularly qualified female candidates as well as applications from the non-represented member countries of IOM. For all IOM vacancies, applications from qualified and eligible first-tier candidates are considered before those of qualified and eligible second-tier candidates in the selection process.

For the purpose of this vacancy, the following are considered first-tier candidates:

1. Internal candidates
2. Candidates from the following IOM Member States that are not represented among staff members in the Professional and higher categories: Antigua and Barbuda, Bahamas, Barbados, Comoros, Congo (the), Cook Islands, Dominica, Federated States of Micronesia, Grenada, Guinea-Bissau, Holy See, Iceland, Israel, Kiribati, Marshall Islands, Namibia, Nauru, Palau, Saint Kitts and Nevis, Saint Lucia, Samoa, Sao Tome and Principe, Seychelles, Solomon Islands, Suriname, Tonga, Tuvalu, Vanuatu
    

Second tier candidates include:
All external candidates, except candidates from non-represented member states of IOM.

Context

Under the direct supervision of the Senior Treasury Officer, the Treasury Officer (Middle Office) will oversee the Middle Office (MO) function within the Treasury Division. The MO serves as the control and oversight layer between the Front Office (deal execution) and the Back Office (settlement and accounting), ensuring that financial risks are systematically identified, monitored, and reported.

The Treasury Officer (Middle Office) ensures that Treasury policies, internal controls, and risk management best practices are correctly applied across Country Offices and Headquarters (HQ). They provide guidance and technical guidance to Country Offices on know your customer (KYC) processes with banking counterparties and coordinates contract review and approval with the Department of Legal Affairs (LEG).

The Treasury Officer (Middle Office) works in close collaboration with the Risk Management team, Treasury Back Office, Treasury Project Team, and the Senior Treasury Officer.

Risk Management & Monitoring

• Monitor counterparty (credit) risk for HQ and Country Office bank accounts. 

• Control of Global IOM Internal bank accounts in coordination with the Treasury (TSY) Technical team

• Conduct the annual calculation of Expected Loss (ECL) for inclusion in the financial report.

• Procure, maintain, and administer credit risk assessment tools and systems.

• Monitor operational risks within Treasury processes and flag deviations from established thresholds.

• Generate and analyse risk reports to identify potential exposures and inform senior management.

• Ensure front office activities remain within approved risk limits and escalate breaches as necessary.

• Maintain and regularly update the Treasury Risk Register.

• Develop and track key risk indicators (KRIs) to support proactive risk oversight.

• Conduct periodic stress testing and scenario analysis on Treasury exposures.

   

• Master’s degree in Finance, Economics, Business Administration, or a related field from an accredited academic institution with five years of relevant professional experience; or
• Bachelor’s degree in the above fields with seven years of relevant professional experience.
• Association of Corporate Treasurers (ACT) qualification (Fundamentals or Advanced) or equivalent recognized treasury certification (e.g., Certified Treasury Professional – CTP, CFA).
   

• Experience with Treasury Management Systems (TMS);

• Experience within the United Nations system or other international/multilateral organizations;

• Demonstrated experience in financial risk management in an international Treasury or financial institution context;

• Experience in producing and interpreting financial and risk reports for senior management;

• Experience in KYC processes and bank relationship governance.

• Familiarity with treasury legal documentation (e.g., ISDA, GMRA, account agreements);
• Knowledge of Foreign Exchange (FX) exposure methodology and FX product markets;
• Knowledge on Investments products and markets;
• Proven experience of corporate credit cards management 
• Proven track record in Middle Office functions, including risk monitoring, internal controls, and regulatory compliance;
• Knowledge of Oracle Cloud ERP;
• Familiarity with International Public Sector Accounting (IPSAS)-based financial reporting;
• Ability to synthesize complex financial data into clear, actionable risk insights for senior management and non-specialist stakeholders;

• Attention to detail skills, with a high degree of accuracy in reviewing legal agreements, bank signatories, regulatory reports, and control documentation.

  
   

Languages
IOM’s official languages are English, French, and Spanish. All staff members are required to be fluent in one of the three languages.

For this position, fluency in English is required (oral and written).

Working knowledge of French or Spanish is an advantage.
 

Notes

Internationally recruited professional staff are required to be mobile. Please refer to this link for guidance on IOM Job Category. Any offer made to the candidate in relation to this vacancy notice is subject to funding confirmation. This selection process may be used to staff similar positions in various duty stations. Recommended candidates will remain eligible to be appointed in a similar position for a period of 24 months.

Appointment will be subject to all clearances, including medical and security as well as accreditation, any residency or visa requirements. Vacancies close at 23:59 local time Geneva, Switzerland on the respective closing date. No late applications will be accepted.

IOM has a zero-tolerance policy on conduct that is incompatible with the aims and objectives of the United Nations and IOM, including sexual exploitation and abuse, harassment, sexual harassment, abuse of authority and any forms of discrimination. IOM is committed to promote the protection and safeguarding of all children.

IOM conducts reference checks and background verification, including through system‑wide databases such as Clear Check, to help ensure that candidates have no record of misconduct, including on sexual harassment, sexual exploitation and abuse, or fraud. Candidates are expected to uphold these standards and principles at all times.

IOM does not charge any fees at any stage of the recruitment process—whether for application, interview, processing, training, or otherwise—and does not request any information related to bank accounts.

IOM only accepts duly completed applications submitted through the IOM WAVE  system (for internal candidates link here). The online tool also allows candidates to track the status of their application. Only shortlisted candidates will be contacted. For further information and other job postings, you are welcome to visit our website: IOM Careers and Job Vacancies