IBEC is a highly professional international team capable to fulfil the strategic development goals of the Bank


Established in 1963, International Bank for Economic Co-operation is a unique multilateral development bank with a rich history and consistently professional staff at all stages of it`s development. As a unique financial institution, which has passed a series of internal reforms and is successfully developing at the moment, the Bank under the legendary brand «IBEC» is contributing for professional and career growth of employees within an international business environment and partnership, keeping traditions of the past and developing in the step of the times.
  • Participation of employees in the implementation of projects aimed at developing the economies of the Bank's member countries (i.e. infrastructure, energy, scientific, agricultural projects)
  • Stable sustainable organization with a rich history
  • Interaction with international clients and employees from member countries
  • Respect for personal diversity, inclusion of interests
  • Business transparency and high ethical standards
  • Competitive comprehensive package of social guarantees and benefits
  • Possibility of maintaining work-life balance
  • Diverse challenges and tasks driven by the status of the development bank
  • Development of competencies in key banking disciplines in a team of experienced professionals
Director of Operations Department
    Duties and Accountabilities
  • Organize and control work on:
    • registration and support of operations carried out by the IBEC Treasury;
    • maintenance of payment position on correspondent and depo accounts in T-0 mode;
    • execution of operational servicing clients;
    • registration and support of trade finance operations, credit and documentary operations;
  • Interaction with corporate clients, banks, ECA, other financial organizations and internal departments of IBEC for realization of settlements and cash services and implementation of transactions, maintenance of effective working relations with clients and correspondent banks and other financial organizations;
  • Achieving of key performance indicators.
    Selection Criteria
  • University degree in Finance, Economics, International Economic Relations, Mathematics or Natural Sciences;
  • Relevant experience: at least 7 years in Banking, incl. work with foreign corporate clients and financial institutions; at least 3 years in a position similar to the position of “Director of Operations Department” in scope and level of responsibility;
  • Specific experience in the area of operational support for interbank, treasury and customer transactions:
    • transactions with financial institutions, corporate clients in the areas of trade, structured, syndicated financing;
    • back-office support of treasury operations: settlement and optimizing settlements for FXMM transactions (bilateral and organized trading) and derivatives transactions, including margining, carrying out settlements for trading and repo transactions with securities in the domestic and foreign markets, interaction with Russian and foreign depositories;
    • experience in the SWIFT and SPFS systems.
  • Experience working in foreign or international financial organizations and with Asian counterparties is considered an advantage;
  • Skills in organizing operational banking activities; knowledge of international credit and settlement operations, currency control, knowledge of the organization, execution, support of treasury operations, conducting settlement operations with clients and correspondent banks and control of these operations;
  • Knowledge of international banking legislation/practice in the field of trade and syndicated financing;
  • Accuracy, attention to detail, skills in establishing, maintaining and developing relations;
  • Organizational skills and the ability to achieve results in a multitasking environment; stress tolerance, adaptability to changing business conditions, active leadership of the team;
  • Russian language – fluent (C1);
  • English language – fluent (C1);
  • Advanced user, MS Project.
Director of the Strategic Planning and Analysis Department
    Duties and Accountabilities:
  • Analyzing economic indicators in member countries and in new potential markets, identifying and analyzing macroeconomic trends and events in "target" economies;
  • Preparation and actualization of the Bank’s Development Strategy, participation in the development and implementation of relevant Business Plans;
  • Implementation analysis of the Strategy, incl. progress of strategic initiatives within the framework of the approved Strategy and Business Plan, initiating corrective actions;
  • Preparation of material on Strategy implementation as part of the Management Board's Report on the Bank's activities;
  • Implementation and improvement of the Bank’s performance management system (KPI), including the development of bank-wide KPIs and KOIs;
  • Analytical and information support for the Bank’s business divisions;
  • Administration of databases on macroeconomic indicators;
  • Development and updating of internal regulatory documents related to business processes;
  • Formalization of the Bank’s product offer, steering the marketing policy;
  • Analysis and optimization of the Bank’s operational capabilities in relation to the implementation of the Strategy;
  • Development and realization of proposals on establishment and development of long-term relations with state institutions (relevant Ministries and departments, Trade Missions, Chambers of Commerce etc.) and other institutions and entities of the IBEC member countries and other countries;
  • Identification, analysis and development of sales channels, forms and methods of promoting the Bank’s products and services;
  • Development and updating of the Bank’s pricing policy;
  • Development of programs for the development of trade finance, settlement and other products and services;
  • Project management, including strategic projects.
    • Selection Criteria:
    • University degree in Economics, Finance, Banking; MBA is an advantage;
    • Management experience in strategic management and economic analysis - at least five years, including experience in developing and implementing development strategies and business plans;
    • Managerial experience in the financial and banking sector for at least five years, general experience in the financial and banking sector for at least 10 years;
    • Certificates in the field of financial analysis and planning, project management, management and optimization of business processes are considered as an advantage;
    • Experience in international and national banks and/or development institutions is an advantage;
    • Understanding the specifics of working in the field of PR and/or GR is an advantage;
    • Understanding of the specifics and experience in the field of description and optimization of business processes is an advantage;
    • Practical skills in creating strategic documents and business plans, a system of key performance indicators, as well as their successful implementation and practical application;
    • Practical skills in economic analysis and forecasting;
    • Experience and skills in project management;
    • Ability to systematically work with macroeconomic data, including data in different markets, discover opportunities and propose strategic solutions/initiatives;
    • The ability to build effective interaction in a team, engage with internal and external participants in the strategic process;
    • Ability to effectively lead a team, manage contractors and consultants;
    • Organizational skills, effective time management, ability to achieve results in tasks of different urgency and priorities; resistance to stress, adaptability to changing business conditions, active leadership in the management team;
    • Russian language – fluent (C1);
    • English language – fluent (C1);
    • Advanced user, MS Project, Excel, CRM, ERP systems.
Chief Specialist of Legal Department
    Duties and Accountabilities:
  • Legal support of all types of banking and other operations, including accounts’ opening, lending, trade finance, treasury operations, work with financial institutions and capital markets, business operations, and HR related issues;
  • Contractual work;
  • Drawing up legal opinions, legal expertise and approval of documents;
  • Work on collection of accounts receivable, including debtors' bankruptcy procedures;
  • Support to corporate governance procedures - meetings of the IBEC Council and IBEC Board;
  • Participation in regulatory documents’ development: Charter documents, internal regulations and procedures;
  • Participation in project work;
  • Legal Consulting.
    Selection Criteria:
  • University Degree: Legal (jurisprudence/legal studies);
  • At least 7 years of work experience in the position of a Lawyer in international development banks, other credit organizations, including non-resident banks of the Russian Federation, other financial organizations;
  • Advanced MS Office user;
  • English at the level of upper-intermediate/advanced (B2/C1) and above;
  • Fluency in Russian.
Deputy Director of Treasury Operations Department
    Duties and Accountabilities:
  • Ensure prompt and regular coordination, interaction and effective task performance of the Department staff in the performance of their duties within the established job descriptions and tasks set by the Director of the Department and Heads of Divisions of the Department. When overlap, gaps or "conflicting" tasks are identified, offer solutions to the Director of the Department to improve performance;
  • To carry out current control over the limit discipline in the performance of functional duties by employees. In case of risks or facts of violation - immediately report to the Director of the Department;
  • Directly execute transactions (if necessary), in the relevant markets using the available hardware and software;
  • Ensure interaction with counterparties, infrastructure and other organizations in order to implement the tasks assigned to the Department. To propose and implement initiatives aimed at development and expansion of cooperation between the Bank and counterparties;
  • To prepare drafts of the Budget, business plan, functional objectives and KPIs within the competence of the Department for subsequent approval by the Director of the Department and approval by the authorized bodies of the Bank.
  • To carry out operative interaction with structural divisions of the Bank on coordination of operative decisions and working coordination of internal regulatory documents within the competence of the Treasury Operations Department.
  • To develop, update and ensure approval by authorized bodies of regulatory and administrative documents in the area of responsibility of the Treasury Operations Department.
  • Performing the duties of the Director of the Division and representing the Division in the work of the Bank's collegial bodies in the absence of the Director of the Division.
    Selection Criteria:
  • University Degree in Sciences and/or Economics, Finance and Banking;
  • At least 5 years of experience in a managerial position in an independent business unit (not lower than a division in a comparable department) in the area of financial markets (FXMM, derivatives, securities) and/or analytical treasury
  • At least 7 years of experience in the financial and banking industry in these areas;
  • Professional competencies and experience in the following areas, confirmed by job function, personal authorizations and relevant attestations/certificates:
    • Trading operations in financial markets (FXMM, derivatives, securities) and control of limits within the operations executed;
    • management of treasury portfolios in banks and/or asset management in investment funds, management companies;
    • style="margin: 0px;"asset-liability management (ALM) and liquidity management of banking organizations.
  • Experience in foreign or international financial organizations and with Asian counterparties is considered an advantage;
  • Knowledge of:
    • International financial markets infrastructure;
    • tools for analysis in all segments of the financial market;
    • pricing of financial instruments;
    • the range of market operations available for solving management tasks;
    • tools for analysis and modeling of risk-metrics.
  • Skills:
    • organization of work in the division;
    • work with regulatory documents and processes, management reporting in the treasury area;
    • communication with counterparties and internal services on applied issues and within collegial bodies.
  • 8. English - fluent (at least C1 level);
  • Russian - strictly high level of proficiency (including orally) (at least C1 level);
  • Advanced user of MS Office, practice of using trading and information-analytical platforms and resources, specialized ALM systems.
Chief Specialist, Liquidity, Assets and Liability Management Division, Treasury Operations Department
    Duties and Accountabilities:
  • Short-term liquidity management:
    • Calculations within the framework of analyzing the state of forecasted inflows and outflows on assets and liabilities of the Bank's balance sheet taking into account the payment position and norms;
    • Support of the Treasury's internal information systems and algorithms, work on their optimization and refinement with respect to the forecast liquidity position.
  • Structural liquidity management and optimization of balance sheet ALM risks:
    • collecting data and performing calculations as part of asset-liability structure analysis, forecasting and modeling liquidity over the medium-term horizon in major currencies;
    • interaction with risk management on validation of calculations of liquidity and interest rate risk metrics;
    • support of the Treasury's internal information systems and algorithms, their optimization and refinement with respect to the structural currency position, including position maintenance and generation of forecasts;
    • reconciliation of currency position data with reporting data in the treasury systems;
    • data processing for liquidity buffer modeling in terms of maintenance and execution of balance sheet restrictions on structure and ALM risks.
  • Active interaction with the Divisions of the Department, development of proposals focused on achievement of joint objectives the Division and the Department;
  • Participation in determining the Bank's Pricing Policy for active and passive operations:
    • collecting market data and performing calculations to determine the cost of resources and building risk-adjusted base interest rate curves (FTP);
    • performing tasks on modeling risks (liquidity and interest rate) included in the FTP pricing model;
    • maintaining the register of internal funding transactions;
    • maintaining data on available and projected funding sources.
  • Performing the necessary calculations to determine the value of derivative positions, including hedging positions, and participating in the collateral management of such positions;
  • Preparing materials for meetings of collegial bodies on ALM issues. Participation in corporate business planning and budgeting processes in terms of balance sheet structure planning;
    • Selection Criteria:
    • Graduate degree in Science and/or Economics/Financial Management from a highly ranked higher education institution in the candidate's country;
    • Additional professional education/training in the core activities of risk management, asset-liability management and/or in the area of financial markets and instruments (including Fixed Income / FX / Derivatives);
    • Specific knowledge and skills:
      • financial analysis and mathematical modeling skills;
      • knowledge of financial markets infrastructure and instruments (securities, derivatives on currencies and interest rates);
      • knowledge of financial and management reporting of banks;
      • knowledge and practical experience in applying BCBS recommendations, ECB/national regulators' regulatory standards in the field of liquidity risk management;
      • knowledge of derivatives valuation methodologies, derivatives collateral management.
    • 2 years and more of experience in ALM (Assets and Liability Management) in analytical internal treasury, finance unit and/or risk management of a bank;
    • Experience with FX and money market instruments in market treasury departments in banking is an advantage;
    • Advanced MS Office user, programming skills;
    • Familiarity with information and analytical systems and resources. Familiarity with specialized ALM systems is an advantage;
    • Oral and written English (B2 and above);
    • Fluency in Russian.
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