Introduction
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:
Internal candidates
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.
RESPONSIBILITIES
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.
Bank Relationship Management
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 counterparties 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.
Compliance & Regulatory Reporting
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.
Internal Controls & Performance
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, counterparty exposure utilization, 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.
Legal & Contractual Affairs
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 Treasury-related legal matters.
In conjunction with LEG, review, negotiate, and maintain legal agreements with banks on behalf of the Treasury team.
Ensure timely renewal and archiving of all contractual documents related to banking and investment counterparties.
Capacity Building & Country Office Support
Provide technical guidance and training to Country Office finance staff on Treasury risk management standards, KYC procedures, and bank account governance.
Contribute to the development of Treasury training materials and knowledge-sharing tools.
Support Country Offices in the resolution of banking-related issues and escalation of complex matters to HQ.
Other
QUALIFICATIONS
Education
- 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).
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Experience
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.
Skills
- 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
I nternationally 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
