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
Managing Director, Customer Relations Division of the Customer Relations Department
    Duties and Accountabilities:
  • Searching and introducing to the Bank potential corporate and other clients from IBEC member countries (primarily Mongolia) and from the third countries, if the activities of such clients are directly related to the IBEC member countries. Ultimate job purpose is contracting the clients for IBEC settlement and cash services, transactions with the Bank through trade finance and credit operations.
  • Advise clients on the full range of IBEC products.
  • Collect comprehensive set of documents required for IBEC to open, process transactions and closing of Bank accounts for customers, as well as for analysis and review of credit transactions.
  • Collect information on credit and trade finance transactions that potential clients are seeking to execute.
  • Assist in obtaining from clients the proper documents to open and maintain clients' bank accounts
  • Participate in the promotion of IBEC marketing and presentation materials.
    Selection Criteria:
  • University degree in Economics, Finance of Foreign Trade.
  • At least 3 years of specialized experience in Corporate and Investment fields, Finance and Banking (including foreign economic activity). Leadership experience for at least 1 year is an advantage.
  • Experience in credit and investment transactions for corporate clients (direct lending, trade and structured financing, cash management) in a position similar to the position of "Managing Director" in terms of scale and level of responsibility.
  • Experience in the implementation of complex structured credit and investment transactions, with non-resident corporate clients of different countries.
  • Experience in implementing transactions under Mongolia's Government Business Support Programs or supporting exports from other countries as an advantage (including experience in attracting subsidies and preferential funding).
  • Experience in top 5 Banks in Mongolia or foreign financial organizations is considered as an advantage.
  • Knowledge of:
    • corporate and investment business, international economic relations, banking products (including settlement); main parameters of interaction and development of relations between banks and organizations;
    • main banking products and their structuring for corporate clients;
    • credit, documentary and transactional products for legal entities at the expert level;
    • Mongolia's legislation for the corporate sector (including banking, insurance, collateral, etc.) as an advantage;
    • support programs for Mongolia's corporate and SME sectors as an advantage.
  • Skills:
    • creating a sales network from scratch;
    • conducting negotiations and presentations;
    • financial analysis at a basic level (additional advantage).
  • Availability of key contacts in the corporate and banking sector.
  • Availability of key contacts in business support institutions in China, Japan and other countries as an advantage.
  • English and Mongolian - fluent (at least C1 level).
  • Russian or Chinese as an advantage.
  • Advanced user of MS Office.
Chief Specialist, Strategic Analysis and Planning Division of the Strategic Planning and Analysis Department
    Duties and Accountabilities:
  • Preparation of analytical materials on the economies of the IBEC member countries and other countries, identification of macroeconomic trends
  • Preparation of sectoral analyses and studies
  • Preparation of economic reviews and monitoring of the compliance with the Bank's mission
  • Preparation of draft reporting documents on the Bank's activities
  • Monitoring the implementation of planned actions in line with approved documents
  • Development and updating of the database of analytical and expert materials
  • Participation in the development / updating of strategic models / business plans and performance indicators
  • Participation in internal analysis of the Bank's operational activities
    Selection Criteria:
  • University degree in Finance and Economics (leading universities of the Bank's member countries or other countries) with specialization (Master degree) in one or more preferred fields:
    • International Relations
    • International Economics and Trade
    • International Finance
  • Experience in analytical departments of financial organizations, consulting or rating agencies - from 3 years
  • Experience in development institutions (and/or Ministry of Finance/Industry and Trade/Economic Development) will be an advantage
  • Knowledge of basic statistics, ability to structure, analyze and interpret large amounts of data
  • Certificates, completed courses, other training in data science, proficiency in Python will be an advantage
  • Proficiency in Excel at the level of writing macros
  • Presentation skills, excellent knowledge of MS PowerPoint
  • Teamwork skills, focus on results, customer focus and initiative
  • Fluent, competent command of oral and written Russian language (at least C1 level), ability to write well-structured materials
  • Mandatory oral and written English (upper intermediate (C1) and above) and Russian (C1)
  • Excellent knowledge of Excel, Word and PowerPoint
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.
Chief Specialist, Systems and Application Development Division of Information Technology Department
    Duties and Accountabilities
  • Refinement, customization and support of ABS CFT-Bank
  • Maintenance of external systems/individual workstations
  • Integration of systems and applications upon customer’ requests
  • Support of remote banking services, electronic document management systems (EDS), HR information management systems
    Selection Criteria
  • University Degree in Sciences and/or education in Information Technology;
  • Work experience of at least 3 years in the field of information technology;
  • Skills:
    • Maintenance of ABS, means of cryptographic information protection (hereinafter referred to as cryptographic information security);
    • Maintenance, installation and updating of system and application software;
    • Collecting and clarifying requirements from the “internal” customer, finalizing/developing and programming the necessary elements of application software.
  • Knowledge:
    • Oracle (or any SQL, PL/SQL, PL+), Visual Basic;
    • Information Security Rules;
    • Sound understanding of banking services/products: preferably: Automated banking system (hereinafter - ABS) "CFT-Bank", preferably: remote banking system (hereinafter referred to as RBS) iBank2, automated workstation (KBR-N, etc).
    • Developer (installation and updating of specialized software);
    • English at upper-intermediate level (B2 and better);
    • Fluency in Russian;
    • MS Office user at the expert level.
Chief Specialist of Credit Department (1)
    Duties and Accountabilities
  • Preparation of credit and security documentation for transactions and amendments to it, including:
    • preparation and coordination with the Bank's services and with the client of credit agreements and agreements on trade finance operations (guarantees, letters of credit) on the basis of decisions taken by the Bank, samples of contracts available in the Bank and market practice;
    • preparation and coordination with the Bank's services and with the client of security documentation for intangible types of collateral, such as collateral of property rights, pledge of funds in a collateral account, corporate guarantees, personal guarantees of the final beneficiaries of clients, etc.;
    • interaction with the Bank's collateral service in the preparation and coordination with the client of security documentation for material types of collateral, such as a pledge of real estate, pledge of movable property, pledge of warehouse balances, etc.
  • Verification of compliance with the terms of the credit and security documentation and verification of the intended use of funds by the Bank's clients.
  • Preparation of standard templates of credit and security documentation, continuous improvement of standard templated taking into account market and legal practice.
  • Analysis and monitoring of current contracts with clients to identify the need to make changes (in particular, currency, sanctions clauses).
  • Study the possibilities of introducing the use of electronic document management and a qualified digital signature for full or hybrid use when concluding credit and security contracts and related documentation.
  • Participation in the preparation of internal and external Management reports.
    Selection Criteria
  • University degree in Finance and Economics (leading universities of the member countries of the Bank or other states);
  • Work experience of at least 5 years in the field of analytical and legal support of credit transactions, including preparation and verification of financial and legal documentation in the framework of interaction with clients;
  • At least 3 years of experience with trade finance products, in-depth knowledge of documentary products and other forms of trade finance;
  • Work experience with syndicated loans and knowledge of LMA standards will be an advantage;
  • Work experience in an international financial institution will be an advantage;
  • Having a CFA certificate (Level 1 and above) will be an advantage;
  • Verbal and written English is required (upper intermediate B2 and above). The experience of drafting legal documents in English is an advantage;
  • Russian language proficiency at the level of a native speaker in verbal and written form, including skills and practical experience in drafting legal documents in Russian;
  • A confident user of MS Office and MS Outlook;
Chief Specialist of Credit Department (2)
    Duties and Accountabilities
  • Comprehensive analysis of loan applications of corporate clients (large, medium and small businesses on the territory of the IBEC member countries) within the framework of trade finance transactions, syndicated and direct lending:
    • analysis of the financial stability of borrowers, sponsors and guarantors under IFRS and RAS reporting; consolidation of the reporting of a group of companies;
    • analysis of the market environment: the main trends of the market and a specific industry, comparison with competitors;
    • analysis of the business plan, financial model and project documentation provided by the client;
    • preparation and stress testing of DCF models, calculation of indicators of investment attractiveness;
    • preliminary assessment of credit risks, preparation of conclusions and recommendations for structuring credit transactions in the form of a corresponding Credit Conclusion;
    • support of the position at the Credit Committee;
    • preparation and approval of credit documentation, formation and maintenance of customer credit files.
  • Monitoring of credit transactions:
    • monitoring the financial condition of borrowers, sponsors and guarantors, monitoring borrowers' compliance with the terms of loan agreements, monitoring the targeted use of funds;
    • preparation of recommendations based on monitoring results in order to prevent problem debts.
  • Participation in the preparation of internal and external reporting of the Department.
    Selection Criteria
  • University degree in Finance and Economics (leading universities of the member countries of the Bank or other states);
  • At least 5 years in the field of credit risk analysis, preferably as a credit analyst;
  • Experience with trade finance products, sound knowledge of documentary products and other forms of trade finance;
  • Knowledge of UCP 600 and relevant Russian legislation;
  • Experience in working with syndicated loans, knowledge of LMA standards;
  • Work experience in an international financial institution will be an advantage;
  • Work experience in the field of project analysis and credit transactions - at least 3 years;
  • Having a CFA certificate (Level 1 and higher) will be an advantage;
  • Verbal and written English (C1 - upper intermediate and above);
  • Fluency in Russian verbally and in writing, including the ability to competently and structurally express thoughts and analytical conclusions in written Russian;
  • Confident user of MS Office and MS Outlook.
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