Nafasi za Kazi Benki ya Maendeleo Africa, Application Deadline 15 December 2015

By

AFRICAN DEVELOPMENT BANK GROUP

EMPLOYMENT OPPORTUNITY

Position title: Division Manager – Capital Markets & Financial Operations (FTRY1)

Grade: PL-2

Position N°: 50000898

Reference: ADB/15/106

Publication date: 23/11/2015

Closing date: 12/12/2015

Objectives

Under the direction of the Treasurer and Director, Treasury Department (FTRY), the incumbent will supervise the work of the Capital Markets ad Financial Operations Division (FTRY.1). The role of the Capital Markets and Financial Operations Division) is among others, to: (1) Raise cost effective resources from the capital markets. The 2015 borrowing program has been set at about USD 6 billion; (2) Contribute to the Capital Increases process and administer the subscriptions of shareholders to the capital of the African Development Bank. The AfDB has 80 member countries and an authorized capital of about USD 100 billion; (3) Contribute to the ADF replenishment negotiations and administer the subscriptions of donors to the African Development Fund and Multilateral Debt Relief Initiative. A cumulative subscription by donors to ADF is about USD 35 billion; and (4) prepare the financial presentation document of the Bank.

Duties and responsibilities

The Division must target financial instruments, structures and markets that will allow the Bank to raise funds at the most attractive levels as such levels determine the competitiveness of the Bank and its ability to fulfil its development mandate. Its activities should also be handled in the context of maintaining the Bank Group’s strong financial integrity, robust risk management framework as well as its overall objectives, policies and guidelines. The candidate will also be responsible for executing asset and liability management transactions to optimize borrowing costs; contribute to the Bank’s efforts in ensuring that it maintains its ‘AAA’ credit ratings; and promote the Bank’s image among shareholders, market participants, notably rating agencies, investment banks and investors. The Division also participates in all negotiations for capital increases of the Bank and replenishment of the Fund, and implements the resolutions related thereto, including managing the subscriptions and contributions of shareholders.

The candidate will manage and supervise the personnel and activities of the Division, determine the overall objectives, oversee the execution of the work program and ensure effectiveness use of the Division’s budget. Her/his duties and responsibilities will include the following:

Manage the implementation of the borrowing program and management of liabilities

Lead and coordinate the formulation of the Bank’s funding strategy and the preparation of the Bank’s annual borrowing programs; oversee and ensure regular review and update of the Bank’s borrowing documentation;

Oversee the execution of the Bank’s annual funding program in the capital markets in line with its funding strategy, conservative asset and liability management framework, policies, guidelines and benchmarks;

Provide leadership in the analysis of capital market trends and their likely impact on the Bank’s liability and derivatives portfolios; lead and supervise the asset/liability management activities of the Division;

Build and maintain the Bank’s reputation in the capital markets by developing and maintaining frequent contact with investment banks, and investors as well as through representing the Bank at seminars, and conferences on relevant capital market topics; maintain constant flow of discussions on market developments with counterparties and inspire the staff of the Division to do the same. Manage the investors’ relations program to deepen and widen the Bank’s investor base, updating them on the Bank’s credit story. Manage relationships with investors.

Administer resources and subscriptions of the ADB, ADF and Multilateral Debt Relief Initiative (MDRI)

Lead the administrative management of subscriptions of the African Development Fund, the African Development Bank and the Multilateral Debt Relief Initiative;

Advise Management and participate in discussions on capital increases and ADF replenishments; prepare relevant technical papers;

Manage the process related to the implementation of the ADB, ADF resolutions and MDRI

Manage relationships with member countries and donors Administrative management of subscriptions and contributions.

Participate in the Bank’s credit rating review process; Participate in the review of the Bank’s financial policies; Lead the preparation of the Financial presentation of the Bank for the annual meeting; Lead the preparation of the administrative hedge of the Bank’s budget.

Selection Criteria

Including desirable skills, knowledge and experience

At least a Master's degree in Finance, Business administration, Economics, Statistics or related quantitative discipline;

A minimum of eight (8) years of professional experience in international Capital Markets, fixed income markets;

Dynamic, achievement-focused leader and manager with an established performance record and extensive experience in global capital markets;

Excellent communication and presentation skills required in English, working knowledge of French will be an advantage;

High degree of personal commitment, interpersonal skills with proven communication, leadership, management and supervisory skills;

Ability to work effectively with individuals of different views, culture, nationality, gender and age

Strong ability to cope with multiple demands and competing priorities under pressure

Command of standard computer software applications such as Word, Excel, PowerPoint as well as Bloomberg

Knowledge of Summit/Numerix would be an advantage

This position has previously been advertised. Candidates who have already applied need not reapply as their applications will be considered. The position is classified International status and attracts international terms and conditions of employment

Apply online

Apply for this position

To apply for this position, you need to be national of one of AfDB member countries.

Only applicants who fully meet the Bank's requirements and are being considered for interview will be contacted. Applicants will only be considered if they submit an online application, and attach a comprehensive Curriculum Vitae (CV). The AfDB President reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply: www.afdb.org/jobs

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Position title: Chief strategy officer-finance - COSP

Grade: PL3

Position N°: 50055027

Reference: ADB/15/175

Publication date: 25/11/2015

Closing date: 15/12/2015

Objectives

The Primary role of the Strategy Department (COSP) is to contribute to policy and strategy development, including annual plans and the Medium and Long-Term strategies of the Bank. COSP advices the President and Senior Management on strategy and policy issues of the Bank. COSP assists with the communication of the strategy to all stakeholders, and monitors and facilitates the implementation of related Presidential decisions.

Duties and responsibilities

Under the general supervision of the COSP Director, the main responsibility of the Chief Strategy Officer is to provide strategic advice and support on COSP matters to the Director and the rest of the Department team in planning, organizing and coordinating the activities of the Department. He/She will:

Participate as part of the core COSP team in corporate strategy development and its subsequent monitoring, reporting, updating and refinement in line with sustainable lending and resource options.

Lead, in particular, in the area of finance and risk analysis. Within this framework, review the financial reports issued or submitted by the Bank’s Asset and Liabilities Committee and/or the Bank Credit Risk Committee, prepare notes for COSP effective participation in these committees. Provide leadership in the review of Bank Group’s non-sovereign operations.

Lead in the assessment of Regional Member Countries’ creditworthiness and eligibility to Bank Group’s financing, in view of their reclassification. Lead in the preparation of country special risk assessment for Low-Income Countries, within the framework of the Amendment of the Bank Group’s Credit Policy.

Lead in the monitoring of Regional Member Countries debt sustainability.

Keep the Department up-to-date on issues such as access to capital markets, financial products and innovative financing

Coordinate the preparation of major COSP strategy reports such as the Annual Strategy Review, for Senior Management, including preparation of the mid-term review and periodical and special updates and reports. Contribute to/coordinate the preparation of Board documents on selected process enhancement recommendations.

Provide support to Senior Management in the formulation of strategic policy objectives, and ensure their alignment with the strategic planning orientations and the Bank Strategy 2013-2022.

As part of the core COSP team, ensure that all new policy proposals and initiatives, across the Institution, are aligned with the Bank’s planning directions and strategy.

As part of the core COSP team, participate in and coordinate the Bank’s Strategy and policy development work, as and when required.

Provide support to the office of the President as required, in particular on recent policy developments, and on the Bank’s response to emerging international issues.

Prepare as requested planning and strategy documents.

As part of the COSP core team, assist Operations Vice-Presidencies, Research, Finance and Corporate Management Vice Presidencies to formulate their work programs and specific strategies driven by the planning and strategy.

Provide, as requested, up to date research on environment and business trends and keep up to date on new ways of doing strategic planning itself.

Participate (on behalf of the COSP Department) in the preparation of selected Bank’s country and regional strategies and mid-term reviews.

Represent the department as requested at key policy decisions and institutional reforms meetings and initiatives.

Represent the COSP department as requested at selected key strategy meetings and on important missions. Serve as a focal point and spokesperson, as requested, on strategy issues to internal and external constituencies and expert strategy groups.

Selection Criteria

Including desirable skills, knowledge and experience

Minimum of Master’s degree (or its university equivalent) in economics, macroeconomics or development economics, finance, strategic management, engineering or related development fields and a broad knowledge in development issues.

A minimum of seven (7) years of relevant experience; proven combination of hands-on operational experience with solid analytical skills; good understanding of development economics and specificities of Regional Members countries (RMCs); previous exposure to international, multicultural contexts would be an asset.

Proven exposure to the Bank’s operations and mission with a good understanding of the Bank’s overall strategy.

Proven exposure to financial risk analysis as well as debt sustainability

Ability to provide advice, assistance, and coaching on Strategy related matters.

Good leadership skills, and lateral thinking; high sense of professionalism. Good command of budgetary and operational management matters.

Ability to manage multiple and simultaneous and shifting demands, priorities and tight deadlines. Capability to work within specified time limits. Capacity to diagnose and resolve multiple, concurrent problems.

High level skills in communication and negotiation as well as ability to build partnerships with a broad range of clients and deliver results that meet the needs and long-term interest of clients within and outside the Bank.

Excellent written and verbal communications in English or French, with a good working knowledge of the other language.

Competence in the use of ERP Systems (preferably SAP) and standard MS office applications (Word, Excel, Access and PowerPoint), and good knowledge of operational management systems.

Apply online

Apply for this position

To apply for this position, you need to be national of one of AfDB member countries.

Only applicants who fully meet the Bank's requirements and are being considered for interview will be contacted. Applicants will only be considered if they submit an online application, and attach a comprehensive Curriculum Vitae (CV). The AfDB President reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply: www.afdb.org/jobs