Senior Risk Policy Officer

Vacancy Number: 2461
Country: Austria

Department/Unit: Risk Management / Market Risk, Operational Risk & Policies

Date of Issuance: July 29, 2026

Deadline of Applications: August 28, 2026

Required Languages: English

Contract Type: Fixed Term Contract

Grade: G1

Job Category: Professional

Recruitment Status: International / Local**

Contract Duration: Two-year fixed term appointment, with the possibility of renewal

**Please note that the recruitment modality for professional positions (international or local) will be determined in line with the OPEC Fund’s policies and procedures, and based on the candidate’s nationality and residency status at the time of appointment.

While all nationalities are eligible for this role, nationals from the Member Countries of the OPEC Fund for International Development are strongly encouraged to apply. The Member Countries are: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and Venezuela.

Job Profile:

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The Senior Risk Policy Officer contributes to the development, enhancement, and maintenance of the OPEC Fund’s enterprise‑wide risk management framework. The role supports the formulation of comprehensive risk policies, methodologies and processes that align with institutional objectives and Multilateral Development Bank (MDB) best practices. The incumbent ensures the integrity of risk data, models, analytics, and reporting systems, and contributes to the evolution of risk‑related IT capabilities. Through these efforts, the Senior Risk Policy Officer strengthens the organization’s ability to identify, assess, and mitigate risks, supports prudent decision‑making, and enhances the resilience of the OPEC Fund in alignment with MDB best practices.

Duties and Responsibilities:

Policy development and implementation

Is responsible for the development, implementation and maintenance of risk management policies, methodologies, processes, and systems for identification, measurement, mitigation, and reporting of the risks in OPEC Fund’s operations (capital adequacy, credit risk, and provisioning, pricing policies, ALM)

Produces the data, analysis and reports required for quarterly risk reporting, financial statements, and supports rating agency data submissions in coordination with other staff

Advises on risk policy and methodology matters to other departments

Supports the administration of the Risk Management Committee, including coordination and preparation on meeting schedules, agenda, materials, and minutes

Risk management and analysis

Implements IT projects and other specialized projects to meet risk management requirements related to market risk, operational risk, and ECL calculations, and contributes to ongoing enhancements of internal risk systems and processes for automation, efficiency, and improved control

Is responsible for developing and maintaining risk data and analysis for use by key stakeholders, including member countries, bond investors, rating agencies, and regulators

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Research and analysis

Researches and analyzes various matters related to risk management to ensure alignment of OPEC Fund’s risk policies and methodologies with MDB best practices

Reporting

Contributes to the preparation of quarterly and annual risk management report and risk sections of financial statements, and supports the development of monthly risk report

Supports the preparation for data and analysis required for annual rating agency exercise

Produces the Expected Credit Loss (ECL) reports

Performs any other related tasks as assigned by the Director to support the effective delivery of the Unit, Department and OPEC Fund’s mandate.

Qualifications and Experience:

Master’s degree in Accounting, Finance, Economics or a (closely) related field

A minimum of 10 years of relevant professional experience in banking, of which at least five (5) years’ directly relevant experience within an international financial or development institution, with focus on development of risk policies, methodologies, and IT systems

Sound understanding of MDB risk management framework, including Capital Adequacy, ALM, Pricing Policies, and provisioning policies

Sound understanding of rating agency methodologies and ability to prepare data submissions to three international credit rating agencies

Strong analytical skills for risk management portfolio analysis and reporting including loan and treasury portfolio, including the ability to draft long-form reports, strategy documents, and professional presentations

Strong understanding of risk management IT systems

Experience in dashboard development and data visualization tools (e.g., Power BI) is an asset

Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.

Competencies:

Collaboration and Teamwork – Ability to effectively collaborate with colleagues, stakeholders (internal and external), and partners from diverse backgrounds, cultures, and perspectives to achieve shared goals.

Effective Communication – Ability to articulate ideas and information clearly and persuasively across various channels and audiences, integrate communication best practices, and ensure messages are tailored, culturally sensitive, and impactful, promoting active listening and feedback mechanisms.

Results-Orientation – Ability to effectively achieve results through proactive ownership, decisive action and strategic planning. ensuring goals are met within specified timeframes and in alignment with OPEC Fund’s strategic direction

Learning Agility and Adaptability – Ability to swiftly learn, unlearn, and adapt to changing circumstances and emerging challenges, with a commitment to continual growth through embracing new ideas, technologies, updating functional expertise, and facilitating organizational resilience

Stakeholder and Impact Focus – Ability to prioritize and address the needs and expectations of diverse stakeholders to achieve sustainable impact through stakeholder mapping, ensuring effective relationship management, transparent and timely communication, and aligning their contributions with OPEC Fund’s mission to deliver long-term, positive outcomes

Accountability – Ability to take responsibility for one’s actions, decisions, and their outcomes, demonstrating integrity and reliability, adhering to established internal controls, setting clear expectations, and maintaining a high standard of ethical behavior.