Jobs at the OPEC Fund for International Development

The OPEC Fund for International Development is the intergovernmental development finance institution established in 1976 by the Member States of the Organization of the Petroleum Exporting Countries.

The OPEC Fund’s objective is to reinforce financial cooperation between OPEC Member Countries and other developing countries, by providing financial support to the latter for their socioeconomic development. 

Applications are invited from interested and qualified candidates to apply for latest jobs at OPEC Fund for International Development.

Job Specifications:

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Job Description:
  •  The post-holder provides overall execution of varied and inter-related activities, to support OPEC Fund in fulfilling its mission and achieve its strategic objectives through the delivery of effective, efficient and high quality services in the areas of travel management, office safety, ergonomics and hygiene, as well as various administrative and logistical supports.

 Duties and Responsibilities
Travel Management:

  • Processes, through SAP, requests for official travel of staff members.
  • Arranges ticket reservation for staff members traveling on official mission by contacting the travel agents that OPEC Fund has an agreement with.
  • Processes, through SAP, settlement of travel expenses upon staff member’s return from mission.
  • Provides information, when requested, to staff members on travel including entitlements, process and procedures.

 Administrative and Logistical Support:

  • Administers Purchase Request, Purchase Order as well as the clearing of invoices.
  • Administers request for official mobile phones by senior staff members; request for parking garage; DHL shipments; VAT reimbursements; and drivers’ assignments.
  • Ensures the stock of kitchenette items i.e. coffee, tea, milk, sugars, etc. are available as needed.
  • Assists in the arrangements and logistics for various events and meetings held at the OPEC Fund.
  • Participates in the organization of meetings hosted by, and held outside, the OPEC Fund, including but not limited to, booking of venue, room reservation for participants, transportation arrangements, provision of required technical equipment and stationary needed for the event.
  • Coordinates refreshments requests for in-house conferences/meetings services.
  • Prepares brief communication materials (reports, memos, emails to all staff, etc.), as required/requested.

 Office Ergonomics / Hygiene:

  • Arranges efficient allocation and/or relocation of office rooms, dispatching of office furniture and equipment in line with ergonomics requirements.
  • Complies with the recommendations identified as a result of an ergonomic evaluation and requests for equipment.
  • Prepares an annual report summarizing the progress and effectiveness of the ergonomic program based on monthly ergonomic reports and maintains records of ergonomic evaluations and reports.
  • Arranges disposal of obsolete items, 2 to 3 times a year.
  • Arranges office hygiene/cleaning-related matters.
  • Performs other duties as required by the supervisor.

 People Management:

  • Supervises a team performing routine work, with no formal performance appraisal responsibilities.
  • Develops personal capabilities using existing formal and informal training opportunities, while also coaching others as required.
Qualifications and Requirements:
  • A Diploma in addition to proficiency and other training in Administration, Travel Management, Logistics or Data Management System.
  • A Bachelor’s degree in business or public administration will be an added advantage.
  • Minimum of 5 years relevant professional experience (in ergonomics, travel administration and/or logistics).
  • Excellent communication skills in English and German. 


  • Extensive knowledge in the usage of office technologies, such as Microsoft Office applications (Word, Excel, PowerPoint, etc.), intra/internet as well as on-line database management.
  • Excellent verbal and written communication skills, fluency in English.
  • Ability to work independently with minimum supervision and guidance.
  • Good interpersonal, organizational and time management skills.

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Senior Counsel - Treasury / Capital Markets

Job Specifications:

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Job Description:
  • The position is responsible for providing legal advice and services to the Financial Operations Department.
  • This includes but is not limited to Treasury operations including long and short-term debt issuance, financial derivatives, collateralization, liquid asset investments, and other finance-related matters, with a view to ensuring the highest standards of legal advice and documentation, protection of the OPEC Fund’s interests and compliance with the OPEC Fund’s mandate, policies, and procedures.

 Duties and Responsibilities
Policy Development and Implementation:

  • Assist with the development of procedures and guidelines and ultimately the monitoring of their implementation from a legal perspective.
  • Support the Financial Operations Department in relevant legal matters to ensure the implementation of the annual work program.

 Legal Advice:

  • Support and advise the Financial Operations Department in the negotiation, drafting and review of borrowing documentation at both a program and trade level – including for the issuance of both bonds and commercial paper. This will also include the management of due diligence exercises, auditor comfort letters, and compliance with listing rules.
  • Assist in the preparation and review of derivatives documentation, including the negotiation of ISDA master agreements, Credit Support Annexes, and other transaction documents as well as the review of individual trade documentation.
  • Maintain/review documentation with the issue and paying agents, custodians, external asset managers, etc. to facilitate OPEC Fund’s payments, investment, and risk management operations.
  • Provide legal support to the OPEC Fund’s middle office following the issuance of debt and hedging transactions.
  • Report on and provide recommendations to the Senior Director and General Counsel and/or Head of GCLSD-IAU on significant developments, emerging opportunities and challenges in the area of financial operations.
  • Identify issues of importance on finance matters, including external regulation, which could affect the OPEC Fund’s financial operations.
  • Carry out other tasks assigned by the supervisor that is relevant to the Financial Operations Department.

 Research and Analysis:

  • Conduct research, analysis, and studies on a wide range of legal issues and developments, including interpretation of legal instruments, and bring them to the attention of the General Counsel and/or Head of GCLSD-IAU together with recommendations thereon.

 Risk Management:

  • Monitor and signal deviations and developments in the application and drafting of frameworks, contracts, policies, and processes related to the legal/compliance/risks of the Financial Operations Department, and if necessary, recommend corrective measures.

 Leadership and Direction:

  • Participate in the exchange of ideas and knowledge sharing to facilitate the broadening of the skills of the legal team and assist in ensuring skills transfers among Counsels within a formal or informal mentoring or facilitation program.

 Stakeholder Management and Engagement:

  • As assigned by the General Counsel and/or Head of GCLSD-IAU, represent the OPEC Fund in any external legal proceedings and liaise with external counsels.
  • Work with external stakeholders (the senior representatives of co-lenders/ investment funds, partners, and external counsel as required and authorized officials of partner countries/ institutions) and internal stakeholders (e.g. all OPEC Fund departments/ units on the subject of legal services and advice on an ongoing basis).

 Knowledge Management:

  • Contribute to the development and maintenance of the knowledge assets of the department and the document management systems and related materials.
  • Carry out other tasks assigned by the General Counsel and/or Head of GCLSD-IAU that are related to the job functions.
Qualifications and Requirements:
  • Master’s Degree in Law and Admission to the Bar or equivalent.
  • A minimum of 12 years of relevant professional experience
  • In addition, minimum of 5 years at an externally rated MDB or at an international law firm working with such MDBs.

Skills and Competences:

  • High-level skills in communication and negotiation as well as the ability to build partnerships with a broad range of stakeholders and deliver results that meet the needs of the Legal Service Department’s work program.
  • Seasoned knowledge in the current trends of development and familiarity with international law, and related matters within the OPEC Fund and other international organizations.
  • Capacity to conceive and supervise the negotiation of complex legal documents including ISDA Master Agreements, Global Master Repurchase Agreements, and bond issues (standalone or medium-term note program).
  • Ability to work and deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues.
  • Excellent command of English, including drafting and negotiating legal documents in English. Knowledge of other languages (French/Spanish/Arabic) will be an advantage.
  • Ability to communicate effectively (written and oral) in English, preferably with a working knowledge of the other.
  • Ability to work within a multi-cultural and multi-disciplinary team.
  • Ability to work with little supervision and under pressure.
Explore More Opportunities

Senior Risk Policy Officer

Job Specifications:

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Job Description:
  • The Senior Risk Policy Officer develops, implements and maintains the OPEC Fund’s risk management framework comprising of policies, processes, and methodologies, and supports the development of the IT infrastructure for risk management, all in accordance with the institutional risk framework, in order to prevent, minimize, and mitigate risk.

Duties and Responsibilities
Policy Development and Implementation:

  • Develops, implements and maintains risk management policies, guidelines, methodologies, processes, and systems for identification, measurement, mitigation, and reporting of the risks in OPEC Fund’s operations (capital adequacy, liquidity, credit risk, market risk, operational risk, asset and liability management, and provisioning) in line with practices at peer AAA-rated multilateral development banks.
  • Develops and implements policies and methodologies for determining economic capital requirements and allocations, prudential minimum liquidity, and loan loss provisioning in line with practices at peer AAA-rated multilateral development banks.
  • Maintains and enhances guidelines related to pricing of OPEC Fund’s products, including loans and guarantees.

Risk Management and Analysis:

  • Develops and enhances risk models and methodologies for measuring various risks in OPEC Fund’s operations.
  • Leads preparation of data submission to credit rating agencies for the semi-annual or annual review of OPEC Fund’s credit ratings.
  • Leads preparation of risk management inputs to quarterly financial statements.
  • Provides feedback to and consults with the operations department to identify risk issues and develop solutions that satisfy the technical and business need.
  • Advises on risk policy and methodology matters.
  • Supports IT projects and other specialized projects to meet risk management requirements.
  • Assists in developing and maintaining risk data for use by key stakeholders, including member countries, bond investors, rating agencies, and regulators.
  • Assists in the administration of the risk management committee, including coordination and preparation on meeting schedules, agenda, materials, and minutes.

Research and Analysis:

  • Researches and analyzes various matters related to risk management to ensure alignment of OPEC Fund’s risk policies and methodologies with in line with practices at peer AAA-rated multilateral development banks and industry developments (such as the replacement of LIBOR).


  • Assists in the preparation of quarterly and annual risk management report.
  • Carries out other tasks assigned by the Director, Market Risk, Operational Risk & Policies.
Qualifications and Requirements:
  • Master’s Degree in Accounting / Finance / Economics or equivalent professional qualification.
  • A minimum of twelve years of banking experience.
  • Preferably, 10-12 years of experience with multilateral/bilateral development financial institutions, global or regional banks or fund managers, with focus on development of risk policies, methodologies, and IT systems.

Skills and Competencies:

  • Demonstrable knowledge of risk management concepts and principles in the context of highly rated multilateral development financial institutions, covering capital adequacy, liquidity, credit risk, market risk, operational risk, asset and liability management, and provisioning.
  • Good knowledge of credit rating and pricing methodologies.
  • Good understanding of lending and investment practices, banking products, and rating agency methodology.
  • Demonstrable understanding of the application of risk management methods to information technology and vice versa.
  • Strong interpersonal, teamwork and analytical skills, as well as high level of integrity and drive for achieving results.
  • Excellent command of English, including drafting and negotiating legal documents in English. Knowledge of other languages (French/Spanish/Arabic) will be advantage.
  • Ability to work within a multi-cultural and multi-disciplinary team.
  • Ability to work with little supervision and under pressure.

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Deadline: Not Specified

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