Chief Financial Officer (CFO)

NIB is an international financial institution jointly owned by the governments of Estonia, Denmark, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank promotes sustainable growth of its member countries by providing long-term financing based on sound banking principles for projects that strengthen competitiveness and emphasises the environment.

The Bank finances investments in the corporate or public sector, as well as investments by small and medium-sized enterprises through financial intermediaries. NIB also has a role in acting contra-cyclically in times of economic and financial crisis and in 2020 NIB initiated the effort to increase its lending to alleviate the negative effects of the coronavirus crisis. While maintaining its focus on activities in the member countries, the Bank also finances projects in other markets where a mutual interest is identified.

NIB has some 220 employees and total assets of approximately EUR 35 billion. The Bank has the highest possible credit rating, AAA/Aaa, from leading rating agencies. The official work language of the Bank is English.

As the present Chief Financial Officer (CFO) has decided to pursue an opportunity outside NIB, the Bank is now seeking his replacement.

Chief Financial Officer

The CFO will be a member of NIB’s Executive Committee, reporting to the President and CEO. The position is based at the Bank’s headquarters in Helsinki, Finland. The term of service is initially for a five-year period, which may be extended.

NIB's CFO is responsible for NIB’s capital, business and financial planning, balance sheet management, accounting and for the Bank’s treasury activities as well as the relationship with financial institutions.

Successful candidate is expected to have:
  • In-depth knowledge in banking and treasury operations, in particular from international funding operations, investor relations, fixed income portfolio management and market risk management.
  • Extensive experience in business, financial and capital planning from financial institutions, as well as a good understanding of accounting and its best practices.
  • Solid general management experience with at least 10 years’ in an executive role from within the financial sector.
  • Knowledge of the Nordic-Baltic financial markets as well as a good understanding of the economic and financial policy environment in NIB’s member countries.
  • Excellent command of English. Language skills in one or several of NIB’s member country language(s) is considered beneficial.
  • Master’s degree in finance, economics or the equivalent.

For more information about NIB, see our website.

The executive search firm Spencer Stuart is supporting the recruitment process and Patrik Hammar, +46 8 53 48 01 60, is pleased to answer any questions that may arise.

Further information about the position can also be obtained from the Head of HR, Vera-Maria Lehtonen, +358 10 618 0379.

Applications, together with a CV, shall be submitted in English and emailed to no later than 29 April 2021.

All applications will be handled in the strictest confidence.

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