Treasury Officer; Middle Office; P

IOM invites candidates from diverse backgrounds to apply and provides reasonable accommodation throughout the recruitment process when required. 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.

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 counter parties 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.

• Monitor counter party (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 elevate 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.

• Assess and monitor bank service charges for Core Banks; recommend cost‑optimization measures where appropriate.
• Manage the Master Banking Agreements (MBA) for Core Banks.
• Control and maintain bank signatory lists for Core Banks (HQ and Country Offices) in coordination with the TSY Technical team for centrally managed banking platforms.
• Ensure appropriate segregation of duties (SoD) across all Treasury processes at HQ.
• Lead the Know Your Customer (KYC) process for HQ banking and investment counter parties and provide guidance to Country Offices on KYC requirements.
• Maintain a structured database of banking contacts and relationship records to support continuity and governance.
• Manage the corporate credit card program for Headquarters, including provider coordination, controls, Key Performance Indicators (KPIs) and policy compliance.
• Review the competitiveness of foreign exchange (FX) providers and recommend KPIs, improvements to pricing, service quality, and operational efficiency in collaboration with the Treasury Officer.

• Ensure adherence to applicable financial regulations and internal Treasury policies.
• Monitor sanctions compliance and Office of Foreign Assets Control (OFAC) licence requirements; maintain records of applicable licences.
• Coordinate within the Treasury team for timely updates to instruction IN209 and revisions to the Financial Management and Reporting Policy (FMRP) as required.
• Act as Treasury focal point for regulatory bodies, internal auditors, and external auditors; compile and provide required data, reports, and documentation.
• Monitor regulatory developments relevant to Treasury operations and flag changes that may impact policies or procedures.

• Develop, implement, and maintain a robust framework of Treasury internal controls consistent with IOM financial rules and instructions.
• Ensure compliance with internal policies and identify control gaps; recommend remediation measures.
• Review and update Treasury procedure manuals and process flowcharts to reflect workflow changes.
• Establish and monitor Treasury key performance indicators (KPIs), including counter party exposure utilisation, and bank charge efficiency.
• Prepare periodic MO performance dashboards for review by the Senior Treasury Officer.
• Support internal and external audit processes by providing documentation, reconciliations, and explanations as required.

• Serve as the first point of contact within the Treasury team for all banking relationship contracts and legal documentation.
• Liaise with the Department of Legal Affairs (LEG) on various…