Business Control Associate

Your role

Do you want to help societies become resilient to climate change and provide people with energy access? Do you aim to build essential infrastructure and strengthen agribusiness value chains? Do you want to help entrepreneurs in fragile situations access reliable and fair finance to grow their businesses and create good jobs? Do you have excellent financial and controlling skills, and do you have a systematic yet agile mind? Then, read the role description for the Business Control Associate below.

To earn and maintain the trust of our public and private partners and investors, a sub-team of PIM is in charge of the following:

(1) Execute compliance monitoring with agents like EDFI MC and Climate Fund Managers to meet obligations under agreements with the European Commission, the Green Climate Fund, and the Dutch Government. Collaborate with FIM and SYN to create and sustain a strong operational risk control framework for the P4i directorate. This includes setting up and developing processes. (3) Executing control effectiveness testing on the P4i control framework.

As Business Control Associate, you will report to the Manager PIM and the Senior Business Control Officer.

Your most important tasks and targets will be to:

Help the PIM team manage the allocation of funds given to third parties like CFM and EDFI MC.

• Execute desk reviews and on-the-spot checks over delegated activities.
• Document and report on the monitoring tasks performed.
• Monitor compliance of our development bank with accreditation standards and report thereof to the P4i MT.
• Ensure effective liaisons with Internal Audit, Compliance, and Risk functions.
• Address and coordinate the resolution of audit findings, RCSA action items, and risk events.
• Facilitate control effectiveness testing on the P4i control framework and report to the P4i Management Team (MT).
• Provide regular updates to the P4i MT on the commitments established and the progress achieved.
• Support process improvements resulting from project streams under the Fund Operating Model Program.

Our offer

We value our team members and offer a competitive package, including:

• Gross yearly salary ranging from EUR 70K-75K (including 8% holiday allowance and 13th month), depending on your seniority, years of relevant experience, and background.
• Premium free pension.
• 31 holidays based on a full-time basis working week.
• Working remotely abroad for 60 days in a rolling period of 12 months.
• Hybrid way of working (50/50).

For more information, please visit our website, Secondary Benefits - FMO

Your team

Joining the P4i department is exciting. It features the FMO Investment Management Company (FIM), the Public Investment and Blended Finance team (PIM), the Syndications team, and the Agency Desk. The P4i department creates partnerships to provide development finance solutions in areas where financial support is highly necessary, but risk-return profiles prevent commercial capital from flowing.

The PIM team creates development finance solutions by using (I) external concessional funds that we directly manage and (II) external funds managed by third parties with FMO's supervision.

The PIM team is enhancing the implementation and maintenance of an integrated control framework to improve steering and increase the effectiveness of PIM activities. This includes support activities that will lead to better alignment with the work of other teams within P4i, and within our development bank, thereby bringing external public and private investor perspective, and enabling us to benefit from and adhere to best practice in blended finance.

Your background

• Bachelor’s degree in finance, audit, economics, business administration, or related fields.
• Proven experience with public policy and finance is an advantage.
• You need at least 3 years of experience in the financial sector, especially in Audit/Compliance or related fields.
• Excellent, near-native command of the English language; proficiency in Dutch preferred.
• International outlook and demonstrable interest in global development and climate change issues.

Essential competencies for the position of the Business Control Associate:

• Familiarity with industry developments in fund management and the related regulatory frameworks.
• Ability to translate comprehensive regulations and conditions into practical application.
• Highest professional standards regarding business ethics, integrity, and transparency.
• High sense of responsibility and accountability and an ability to work independently.
• A mature personality with a sense of humor understands stakeholders' views and acts on strong beliefs.
• Focus on accuracy and precision while understanding the bigger picture.

Are you excited about this Business Control Associate role? Do you fit the criteria? Then, we would like to invite you to express your interest and apply for this position. We look forward to learning more about you and your contribution to our development bank.

#PioneerDevelopScale

Please note: You must live in the Netherlands to qualify for this position.

Please note, if we make you an offer to join FMO, you will need to work through the screening process with our screening partner. The process is designed to check your integrity and reliability.