Fresh Recruitment at African Development Bank (AfDB)

African Development Bank (AfDB) – Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth.
We are recruiting to fill the position below:

Job Title: Senior Treasury Risk Officer
Reference: ADB/17/300
Location: Côte d’Ivoire
Grade: PL5
Position N°: 50070279
The Complex

• The Vice-Presidency for Finance oversees the financial management of the Bank Group.
• This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.

• The overall objective of the Financial Management Department is to safeguard and improve the Bank Group’s risk bearing capacity while looking to optimize efficiency to benefit clients, shareholders and staff.
• The role of the Treasury Risk Management Division is the management and reporting of treasury risk and the oversight of treasury activities that enable the Bank to make informed and profitable investment and borrowing decisions thereby preserving capital, optimizing profitability and maintaining a strong credit rating.
• The Division’s objectives are to:
  • Identify, measure, monitor and mitigate market and credit risks in the Bank’s Treasury operations;
  • Ensure the timely reporting of the Treasury Department’s borrowing and investment activities;
  • Build an efficient control framework to ensure the adherence to the Bank’s policies, Assets and Liabilities Management (ALM) guidelines and to International Financial Reporting Standards (IFRS);
  • Provide efficient information systems and analytical support tools to the Treasury Department to improve the decision-making process.

• Under the supervision of the Division Manager, the Senior Treasury Risk Officer is responsible for compliance monitoring and risk reporting of treasury activities, market and counterparty credit risk exposures and  the provision of related treasury risk expertise in support of the overall risk management activities if the Bank Group.

• Monitor and report on the transaction compliance, market and counterparty credit risk exposures related to the Bank Group’s Treasury activities and review the quality and accuracy of daily and weekly reports produced by Treasury Risk Assistants.
• Verify market and credit database integrity by doing recurrent checks with financial data providers.
• Analyze complex or recurrent issues on fair valuations and Profits and Losses (P&L) calculations on Treasury Portfolios, including Investment, Borrowing and Derivatives transactions of the Bank Group.
• Ensure an efficient control and risk management framework on treasury capital market activities and contribute to its improvement.
• Participate in the design and implementation of decision support tools that improve the efficiency of treasury investment and liability activities and related risk management. Maintain evolving treasury systems data requirement.
• Participate to the negotiation and review of ISDA/CSA and GMRA agreements to ensure an adequate legal framework for treasury operations.
• Provide support to Treasury Divisions for transaction and risk analysis.
• Contribute to the confirmation of offering memorandums, pricing supplements and swap agreements for Treasury activities.
• Perform other duties as assigned by immediate supervisor.

• Hold at least a Master’s Degree or its equivalent in Business Administration, Finance, Banking.
• Professional certification in Risk and/or Finance such as Financial Risk Manager (FRM), Professional Risk Manager (PRM), Chartered Financial Analyst (CFA) or Certificate in Quantitative Finance (CQF) will be an advantage.
• Have a minimum of five (5) years of relevant professional experience in International Financial Institutions or Investment Banks, with a large scope of treasury or fixed income activities. Working experience in Fixed Income and Derivatives front-office, middle-office or risk management departments will be an advantage.
• Having private sector experience will be an added advantage.
• Communication; Client orientation; Team working and relationships; Operational effectiveness.
• Analytical and numerical skills with a good eye for detail.
• Ability to cope under pressure with strong planning and organization skills.
• Demonstrated knowledge and experience of financial and/or risk reporting.
• Ability to work autonomously as well as part of a multicultural team.
• Proficient in use of standard MS Office software especially Excel.
• Experience in using Summit, Bloomberg, Reuters, Numerix or MSCI Credit Manager software, as well as a knowledge of light programming or database languages like Excel VBA, SQL or C++ would be an advantage.
• Ability to communicate effectively (written and oral) in English or French preferably with a working knowledge of the other language.

• The Bank has reorganized and is developing the Regional Development, Integration and Business Delivery Complex whose major objective is to build regional capabilities and bring responsibility for client activities closer to the regions.
• Five Regional Development, Integration and Business Delivery Hubs have been created, each run by a Director General: Southern Africa, North Africa, West Africa; East Africa, and Central Africa.

• The Country Program Coordinator covers one or several Regional Directorates and coordinates work closely with the respective Director Generals, Deputy-Director Generals and Regional Program Officers.
• The incumbent monitors all the work programme implementation in the assigned region, using the Regional Dashboard and any other tracking information system that provides detailed statistics.
• The Country Program Coordinator prepares monthly senior management reports in coordination with Regional Program Officers and Country Program Officers.
• The incumbent assists Director Generals in their engagement and reporting to senior management.
• The Country Program Coordinator also provides support in ensuring quality assurance of all documentation and related correspondence while ensuring compliance with the Banks’ Operational Policies and Procedures that contribute towards executing strategy within the assigned region.

• The Country Program Coordinator is part of the Front Office of the Regional Development, Integration and Business Delivery Complex.
• It is key to providing professional support and follow-up of business development and delivery and portfolio performance for results within the assigned region(s).

• Monitor and advise the Director General on the management of key performance indicators on portfolio performance, country program, Bank priorities and result indicators harmonize management reporting tools within the various Departments;
• Liaise with the Regional Program Officers and Country Program Officers and sector staff in field offices to ensure sound analysis and monitoring of portfolio developments including through regular reviews of country, multinational and regional portfolios with a view to identifying issues and proposing options for their resolution;
• Ensure that monthly senior management reports on the state of the region (dashboard) are prepared and that a follow up on issues that require further action are undertaken;
• Follow up on Annual Portfolio Performance Reviews/Updates of Portfolio Improvement Plans;
• Support the preparation of the Regional and Country Portfolio Performance Reviews; in collaboration with Regional Program Officers, Country Program Officers, Regional Economists and Sector Staff;
• Liaise with Country Program Officers and sector staff in the monitoring and implementation of the recommendations of the Bank’s Internal Audit Reports;
• Support the work of Country Program Officers and sector staff in undertaking country and regional portfolio performance review processes with the Government and other Development Partners;
• Advice the Director General on strategic options as may be deemed necessary to improve revenue generation and/or cost efficiencies. Work closely with the Regional Directorate during the yearly business planning and budgeting process to ensure that work programmes are well constructed and aligned with Bank’s priorities (e.g., income generation, operational priorities, etc.).
• Provide inputs to country and regional strategies and monitor the implementation of these strategies in coordination with the Regional Economists, Regional Program Officers and Country Program Officers.

• Under the guidance of the Vice President, front office advisors and the Director General, establish solid working relationships across complexes both at HQ and within the assigned region;
• Support the Director General to manage communications and ensure senior management is informed of the progress and challenges of implementing the High 5s in the respective region(s).
• Actively support the Director General and Deputy-Director General to manage relationships with HQ staff and follow up on commitments;

• Actively interact with DGs and Deputy-Director Generals, Regional Program Officers and Country Program Officers to share case studies, lessons learned and best practice on the portfolio management;
• Coordinate with the Chief Economist Complex and Sector Complexes to ensure that relevant knowledge and best practices are integrated in strategies and operations;
• Provide feedback to the Director General and Deputy-Director General on Bank policies and operational procedures, with an aim towards continuous improvement of Bank policies implementation; and
• Incorporate lessons learned in project development and implementation from other regions.

• Support the Director General’s efforts to increase the visibility of the region in HQ.

• Focus on ensuring total quality and performance of the regional pipeline and portfolio;
• Ensure all reports and submissions are timely and of a high quality;
• Championing the Complex / Regional mandate and purpose : providing a direct and indirect operational support that contributes to the Country’s output and mandate in assigned Country;

• Hold at least a Master’s degree or its equivalent in Economics, Social Sciences, Engineering, Agriculture/Forestry, Business Administration or Public Administration.
• In addition to a Master Degree, strong knowledge of socio-economic development issues and policies of African countries;
• Have a minimum of five (5) years of relevant professional experience in the formulation and implementation of policies, programs and projects either within the Bank or in a similar development institution or public service;
• Private sector experience is an added advantage;
• Demonstrated experience in the preparation and/or review of strategies/operations in a multilateral financial institution;
• Experience working in a team in a multi-cultural, multi-disciplinary, international and professional environment;
• Client Orientation: Demonstrated commitment in ensuring that the client (internal or external) is considered of primary importance in all transactions and interactions. Strives to be understanding, and when appropriate, anticipates client needs, and ensures that the client receives the best possible service from the Bank;
• Communication – Ability to provide clear and concise oral and written communication; presents oral information with clarity and appropriate style and adapts language and style to suit the requirements of the audience. Ability to communicate and defend orally and in writing, difficult issues and positions (in hostile environment as necessary) to Senior Bank management and government officials;
• Professional Expertise: Continuously expands understanding of relevant business products, practices and systems/technology. Shares knowledge and expertise with others;
• Decisive: Good judgement about when to intervene, knowing when to get counsel from whom and how to apply it, and being clear about what needs to happen, how, when and by whom, and coordinating as needed;
• Highly organised & structured – Structure all work activities to be able to provide updates or reports on short notice. Capacity to coordinate (Tasks, Missions, Projects, Programs): Routinely delivers, highly complex/sensitive tasks;
• Business Acumen;
• Comprehensively understands work programs/projects structures, including project planning, risk management strategy, communication management strategy, lessons learned and handover, and other critical success factors, strategies, policies, procedures and best practices of other similar institutions;
• Highly developed strategic thinking skills allied to an ability to translate strategic concepts and direction into the implementation of workable and sustainable projects and programs;
• Ability to make use of the Bank’s systems and procedures for operational effectiveness and achievement of the Bank’s strategic imperatives in the assigned sectors;
• High level of expertise in managing portfolio performance;
• High level of expertise in dialogue for finding solutions to remove constraints to effective implementation of projects;
• Demonstrated ability to take prudent intervention risks that contribute to delivery an appropriate result.
• Make effective, timely and well-determined interventions for results delivery;
• Ability to communicate effectively (written and oral) in English or French, with a working knowledge of the other;
• Competence in the use of standard MS office applications (Word, Excel, Access, and PowerPoint).

• The Bank has reorganized and is developing the Regional Development, Integration and Business Delivery Complex whose major objective is to build regional capabilities and bring responsibility for client activities closer to the regions.
• Five Regional Development, Integration and Business Delivery Hubs have been created, each run by a Director General: Southern Africa, North Africa, West Africa; East Africa, and Central Africa.

• The Division is responsible for the budget performance monitoring framework and preparation of the statutory budget and work programme performance reports to the Boards.
• The Manager Business Development Budget & Results is responsible for the overall coordination of the work programme planning, budget & resource management, including performance monitoring and contributes to building capacities on budget management to ensure compliance with the budget management policies and guidelines.

• The key objectives of the Manager Business Development Budget & Results are as follows: Coordinate the process and systems for developing Budgets to support Business Development and to monitor performance thereafter in meeting the objectives of the High 5s. The Manager ensures data quality management for reporting purposes and provide quantitative and qualitative analyses on Performance for decision making.

• Coordinate the preparation of the Periodic Budgets and Work Programme Performance Reports of the Bank’s Development Projects; Prepare institutional performance reports and propose corrective measures for variances and discrepancies;
• Coordinate periodic reports to Management on Bank performance comprising of: (i) Quarterly Budget and Work Performance Report; (ii) Retrospective Review of the Administrative and Capital Expenditure Budgets and Performance Report and; (iii) Other Ad hoc Reports requested by Management or by the Board;
• Lead the analysis on Performance Monitoring Data for periodic assessment of resource utilization status and propose corrective measures for variances and discrepancies to ensure that resources are properly assigned based on Performance guidelines;
• Lead the development/revision of the KPIs in order to rationalize for more value adding and effective monitoring and reporting system; Monitor Institutional and Complex KPIs against targets set by the Bank;
• Conduct independent research and analyses on Performance and budget issues, identify problems, propose solutions and make recommendations to Management;
• Ensure the enhancement of the Business Intelligence tool (KPI Dashboard) and the fine-tuning and improvement of simplified Performance Monitoring tools;
• Elaborate and coordinate responses to queries from Board Members with respect to the statutory Budgets and Work Programme Performance reports and contribute to the elaboration of PBD and other Ad-hoc reports;
• Ensure timely and accurate reporting of the performance of organizational units on budget and related work programs;
• Organize and conduct training including production of training material on Performance Monitoring and reporting.

• Hold at least a Master’s degree or its equivalent in Business Management, Finance, Accounting, Economics or related fields.

• Have a minimum of eight (8) years of relevant experience with three (3) of them at a senior level and exposure to international, multicultural contexts.
• Experience in budgeting and reporting with good knowledge of Bank’s financial and operational strategies.
• Knowledge of operational strategies, policies, rules, procedures and practices of the Bank or similar Institutions.
• Capacity to diagnose and resolve multiple, concurrent problems; a conceptual and strategic analytical capacity to understand the competing requirements of resources allocation and budgeting activities.
• Experience in budget administration, managing objectives and work programs.
• Having private sector experience will be an added advantage.
• High-level skills in communication as well as ability to build partnerships with a broad range of clients and deliver results.

• Ensure that full use is made of the systems, procedures and culture within the organization in order to deliver the required results.
• Applies business knowledge to the resolution of problems and identifies solutions and manage multiple competing priorities to the benefit of the client (internal and external) and the organization.
• Client Orientation: Ensures that the client (internal or external) is considered to be of primary importance in all transactions and interactions. Strives to understand, and when appropriate, anticipate client needs, and ensures that the client receives the best possible service from the Bank.

• Comprehensively understands projects structures, including project planning, risk management strategy, issue management strategy, communication management strategy, lessons learned and handover, and other critical success factors, strategies, policies, procedures and practices of other similar institutions.
• Has an acute knowledge and understanding of the elements essential for the effective delivery and measurement of development impacts through projects and programs in Africa.

• Ability to innovate, influence, and implement new country and regional integration strategy approaches essential to the operational effectiveness of the assigned Division and achievement of the clients’ development aspirations.
• Highly developed strategic thinking skills allied to an ability to translate strategic concepts and direction into the implementation of workable and sustainable projects and programs.
• Ability to define and effectively drive the Division’s activities under uncertain and challenging circumstances.

• Ability to pull together all aspects of project origination and drive the process in order to deliver the lending program.
• Ability to take prudent business risks and make effective, timely and well-determined decisions.
• Ability to work under pressure in a multicultural organization.
• Strong analytical and communication skills, both verbally and in writing, with a sense of accuracy and attention to detail.

• Professional Expertise: Continuously expands understanding of relevant business products, practices and systems/technology.  Shares knowledge and expertise with others.
• Team Building & Relationship Management: Leads effectively to maximize the effectiveness of the team as a whole, sharing the knowledge and the workload.  Develops strong working relationships with colleagues and contributes to creation of a positive working and team environment in his/her areas of responsibility.
• Influential: Can build a vision of how the division should be in terms of corporate culture/climate, broad objectives/goals/targets, then motivate and inspire staff to move forward as individuals, as a unit, and as upstanding Bank representatives.  Also applies the same competency when engaging with external stakeholders, understanding what motivates them and when beneficial and practical, how to navigate through resistance.
• Decisive: Good judgement about when to make decisions, knowing when to get counsel from whom and how to apply it, and being clear about what needs to happen, how, when and by whom, and monitoring/delegating as needed.

• Ability to communicate effectively (written and oral) in English or French, with a working knowledge of the other.

• Competence in the use of standard MS office applications (Word, Excel, Access, and PowerPoint).

• The Bank has reorganized and is developing the Regional Development, Integration & Business Delivery Complex whose major objective is to build regional capabilities and bring responsibility for client activities closer to the regions.
• Five Regional Development, Integration and Business Delivery Hubs have been created, each run by a Director General: Southern Africa, North Africa, West Africa; East Africa, and Central Africa.

• The Regional Integration Department provides strategic direction for the Integrate Africa work streams at the regional level while focusing on implementation at the national level through Country Strategy Papers to enable Regional Member Countries to realize enhanced outcomes.
• The Department collaborates closely with internal stakeholders (Bank) and external partners to address policy, legal, regulatory and institutional constraints that stifle regional integration, intra-African trade and investment.
• Projected outcomes include removal of tariff and non-tariff barriers to facilitate and ease the movement of persons, goods, services and other factors of production.
• The Integrate Africa function’s approach leans toward analytical and practical work streams that help to reduce the costs and time (durations) for doing business, expand market access in Regional Member Countries, consolidate smaller and fragmented regional markets, facilitate value chain development, and enhance industrialization, cross-border investment flows and development of African small and medium-sized enterprises.
• Core policy imperatives such as trade facilitation, trade in services, direct and portfolio investment, and sharing of knowledge products remain significant in addressing soft infrastructure constraints while simultaneously de-risking the Bank’s hard infrastructure investments.
• Through strategic partnerships, the Bank Group provides leadership in key trade-related matters such as the Continental Free Trade Area to boost intra-African trade and investment as part of the African Union’s vision and agenda for 2063.

• The position of Director, Regional Integration reports to the Vice-President, Regional Development, Integration & Business Delivery.
• The position is key to the attainment of the Bank’s transformative agenda for Africa. The Director is responsible for all aspects of planning and execution of the activities of the Regional Integration Department.
• The incumbent is accountable for performing the responsibilities, modeling the behaviors and maintaining the technical and managerial competencies (listed below) in his or her capacity as Director in the Complex.
• Accountability entails responsibility for managing quality, risks, results, institutional initiatives and compliance with Bank policies and procedures, and keeping the Department at the forefront of operational excellence through needed upgrades and innovation.

• Lead the implementation and monitoring of the regional integration strategy in close collaboration with Directorates general and Sector Vice-Presidencies within the overall vision of creating larger and more attractive markets, linking land-locked countries to international markets, and supporting intra-African trade;
• Lead the policy dialogue and advocacy work at the continental level on regional integration strategy, and define a knowledge building work program to support this strategy;
• Supervise the preparation of the Regional Integration/Country Strategy papers at Bank level, monitor their implementation under the Director Generals, and provide support to regional integration coordinators as required;
• Work closely with the Director Generals to provide high level Bank-wide leadership to ensure that the Integrate Africa priority is mainstreamed into and through the Bank’s other High 5 priorities, including in relevant projects and programmes;
• Support the Regional Office prioritization process by working closely with the Regional Office prioritization team and the Regional Programme Officers;
• Initiate, build, nurture and strengthen existing strategic partnerships and coalitions within and outside the Bank, including with the private sector, Africa-wide organizations (such as the African Union, Regional Economic Communities, Economic Commission for Africa, international institutions (such as the World Trade Organization and World Customs Organization, and other relevant partners on matters of integration;
• Support regional integration coordinators in providing effective and demonstrable support to the Regional Economic Communities and Regional Members Countries to implement or modify specific inter-regional integration policies, laws and regulations, and to address policy, legal, regulatory and institutional weaknesses to achieve better outcomes;
• Ensure that cross-cutting (gender, climate and fragility) dimensions are effectively embedded in the Department’s regional integration activities;
• Lead the strategic planning for human capital requirements of the Department, including performance appraisal of work undertaken, appraisal of staff potential, and determination of training and development needs;
• Manage the Department with appropriate delegation of day-to-day activities;
• Manage dialogue and provide recommendations on a broad range of regional integration policy and implementation issues;
• Contribute actively to issues that cut across the Bank/other High fives, and actively collaborate with other Departments in the Complex and the Bank to provide efficient integration with and complementarity to others’ activities;
• Lead the effective delivery of the Department’s work and budget programming;
• Ensure effective budgetary management based on productivity, efficiency, and where feasible, cost savings;
• Ensure that the Key Performance Indicators set for the Department are met.
• Lead, manage, develop and mentor performance of the Regional Integration team by ensuring that the team is high performing, motivated, innovative, and properly trained; have clear deliverables based on ambitious yet feasible time lines; remain highly committed to the success of the African Development Bank;
• Supervise staff in the office and undertake staff development and performance evaluation;
• Prepare, supervise and manage implementation of the Regional Integration unit’s budget, and submit periodic reports in accordance with the Bank’s budget management regulations;
• Plan and supervise the administrative, financial and personnel support services required; prepare budget and financial reports; authorize expenditures, personnel actions, acquisitions and other administrative actions, and monitor the best possible contribution of the Action Time Recording System to the Cost Accounting System of the Bank;
• Provide leadership and motivate the Regional Integration team to be effectively and productively engaged and to deliver required outputs;
• Initiate necessary corrective actions to address all audit findings successfully, and to prevent any repeat thereof;
• Perform high level engagement and dialogue with Diplomatic personnel, Senior Government Officials, and Ministry and Presidential representatives to further the interest and mandate of the Bank; and
• Provide direct and indirect operational support that will contribute to the regional output and mandate in each assigned Country.

• Hold at least a Master’s Degree or its equivalent in Business Administration, Finance, Economics, Banking, or any other related discipline;
• Have a minimum of ten (10) years of relevant professional experience, five (5) years of which should be in a management position or leadership role;
• Having private sector experience will be an added advantage;
• Possess strong interpersonal skills; demonstrated ability to present and win support for ideas; a good listener; cultural sensitivity; commitment to diversity; capacity to initiate and manage innovations and change;
• A strategic mind-set and the capacity to steer the Bank’s agenda while empowering staff during a phase of institutional reform  that stress closer coordination with Regional Members Countries and Regional Economic Communities in the design and delivery of the Bank’s activities;
• Ability to build partnership with a broad range of clients and deliver results that meet the needs and long-term interests of clients within and outside the institution;
• Strong capacity to analyse actions from the perspectives of stakeholders, and to translate strategic thinking into compelling action plans;
• Demonstrated ability to take prudent business risks and make effective, timely and well-determined decisions;
• Ability to perform under stress and manage multiple competing priorities in obtaining effective solutions
• Dedication to team-building and effective working relations between and among team members;
• Ability to lead the capture and formal documentation of explicit and tacit knowledge to ensure ready access to information, knowledge and staff learning;
• Ability to create an environment for sharing and communicating knowledge within the Department, Complex, Regional Hubs and externally;
• Ability to engage with internal and external parties to develop and communicate knowledge and methods.
• Ability to provide thought leadership to encourage innovation, and raises awareness of the Department as a center of excellence in regional integration;
• Ability to build and lead motivated and committed multidisciplinary teams of experts across functional boundaries, and to effectively and productively utilize talent and expertise of team members;
• Demonstrated ability to present and win support for ideas;
• Ability to develop strong managerial and technical talent and actively engages in strategic staff planning and succession planning with appropriate delegation;
• Models integrity and inclusion, and offers mentoring and career development opportunities for staff;
• Good knowledge of and experience with socio-economic, development and business environment issues in African countries;
• Strong leadership and coaching skills, with a track record of working with economic teams and creating an empowering and self-development, focus-oriented work environment.
• Fragility assessment knowledge and relevant experience;
• Ability to ensure that full use is made of the systems, procedures and culture within the organization to deliver required results;
• Ability to search for and produce innovative and creative approaches to activities to enhance performance and create added benefits to the Bank and its clients;
• Professional Expertise: continuously expands understanding of relevant business products, practices and systems/technology, and actively shares knowledge and expertise with others;
• Client Orientation: ensures that the client (internal or external) is considered to be of primary importance in all transactions and interactions; strives to understand, and when appropriate, anticipate client needs; ensures the client receives the best possible service from the Bank;
• Ability to work with others to maximize the effectiveness of the team as a whole; actively shares pertinent knowledge, appropriately allocates responsibilities and balances workloads to optimize results; develops strong working relationships with colleagues, and contributes to creation of a positive team environment;
• Ability to solicit support for co-financing into a project or to generate new business for the Bank;
• Excellent Professional written and verbal communications in English or French with a working knowledge of the other.
• Competence in the use of standard MS office applications (Word, Excel, Access, and PowerPoint).