Director, Financial Controls

Position description

Department/Unit: Finance / Financial Controls

Date of Issuance: April 15, 2026

Deadline of Applications: May 14, 2026

Required Languages: English

Contract Type: Fixed Term Contract

Grade: H2

Job Category: Management

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:

The Director, Financial Controls is responsible for managing and executing the work plan of the financial controls unit in accordance with the institutional strategy and framework, to lead the implementation of a robust internal control framework and ensure the timely, accurate delivery of financial statements in full compliance with accounting standards, Fund’s policies and priorities as well as international best practices.

Duties and Responsibilities:

Financial management and control

• Ensures quality controls over financial transactions, maintains accurate records of accounts and supporting documents for all financial transactions of the OPEC Fund
• Manages the financial reporting requirements of the Fund and any special funds under the OPEC Fund’s administration to safeguard financial integrity and ensure compliance with International Financial Reporting Standards and other Special Accounting Standards
• Leads the quarter-end and year-end close process to ensure accurate and timely reporting
• Authorizes administrative payments in accordance with the relevant approvals, rules and guidelines
• Verifies compliance with financial/accounting rules and procedures, including cost center allocatio
• Promotes a sound internal control environment by managing the design, implementation, update, and dissemination of policies, procedures and guidelines for recording, processing and reporting financial transactions.
• Drives financial innovation and leads the implementation of best practices, systems enhancements, and workflow optimization

Back Office 

• Oversees banking and custodian relationships to ensure all financial transactions are executed and settled timely
• Advises and partners with Treasury on a wide-ranging of activities, including cash and liquidity management, foreign exchange, funding and reporting valuations externally to the Custodian and internally for accounting purposes
• Reviews and authorizes the confirmation of treasury deals, in accordance with the approvals and established procedures, rules and regulations
• Supervises the creation and maintenance of business partner records

Leadership and direction

• Provides leadership and manages a highly skilled, multicultural diverse team of professionals with direct reporting from Accounting (Financial Controls and Reporting) and Back Office
• Leads by example, inspiring and motivating the team to maintain the highest level of engagement with the institution
• Drives and supports change management initiatives
• Manages engagement with external auditors to assist them to discharge their responsibilities, ensuring accurate, timely, and complete submission of financial data to the Audit & Risk Committee
• Develops and mentors staff and supports personal development plans

Capability building

• Strengthens the capacity building of the Fund by leading the enhancement of financial management processes and procedures; participates in the committee/s relevant to these matters.

Carries out other tasks assigned by the Vice President, Finance that are related to the job function.

Qualifications

Qualifications and Experience:

• Master’s degree in Accounting, Business Administration, Financial Management or other related field
• A recognized accounting certification such as the CA or CPA is required
• Minimum of 15 years relevant professional experience.
• Preferably five (5) years at a senior level in an international banking institution
• Fluent in English. Good working knowledge of Arabic, French, German 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.

Leadership Competencies:

• Inclusive Leadership & People Management - Ability to lead and manage diverse teams effectively, fostering an inclusive culture where every team member feels valued and empowered, cultivating a collaborative environment, driving team performance, and supporting professional development through mentorship and equitable opportunities.
• Cultural Sensitivity - Ability to lead teams by understanding, respecting, and adapting to cultural differences in a global organization, fostering inclusive communication, collaboration, and relationships while strategically leveraging cultural insights to enhance organizational effectiveness and drive success.
• Strategic Planning and Execution - Ability to develop and implement effective strategies that align with OPEC Fund’s long-term goals, utilizing relevant tools to set clear objectives, allocate resources efficiently, and monitor progress to ensure the successful execution of strategic initiatives, driving organizational growth and sustainability.
• Managerial Accountability and Responsibility - Ability to take ownership of decisions and actions, ensuring alignment with OPEC Fund’s values and objectives, applying relevant principles to establish clear accountability structures, set performance standards, and maintain transparency in reporting and decision-making processes.
• Ethical Decision-Making - Ability to make decisions that uphold the highest standards of integrity and ethical conduct, adhering to OPEC Fund’s code of conduct, and ensuring that choices are principled, transparent, and aligned with the Fund’s mission and values, fostering a culture of trust and responsibility.
• Conflict Resolution - Ability to effectively manage and resolve conflicts to maintain a harmonious and productive work environment, using relevant strategies to identify underlying issues, and facilitating mutually beneficial solutions, ensuring that conflicts are resolved constructively and relationships are strengthened.

Application instructions

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