Current Jobs at African Development Bank Group (AfDB)

African Development Bank Group (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: Division Manager-Treasury Investments
Reference: ADB/17/142/2
Location: Côte d’Ivoire
Grade: PL2
Position N°: 50000921
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 Hiring Department/Division

The Treasury department is responsible for raising funds from capital markets, managing and investing the Bank Group’s liquidity and shareholders’ funds, processing and settling all financial transactions and managing the institution’s banking relationships.
The Division is responsible for treasury investment activities including the management of several fixed income portfolios, the execution of foreign exchange and money market transactions and innovations in investments.

The Position
The Division Manager will organize and manage the work program of the Division, provide guidance to the team and specifically:

Oversee the management of the African Development Bank Group treasury assets in its liquid currencies versus a benchmark(s) or fixed liability schedule in accordance with the investment guidelines and risk parameters.
Oversee the production and review of periodic reports for the Asset Liability Management Committee and the Board. Monitor and report on market developments, and trends in the asset management industry.
Oversee proposals in order to review the Bank Group’s investment management framework, financial policies and procedures. Review and comment on proposals from other divisions to ensure alignment with the overall objectives of the Bank.
Provide leadership in maintaining and managing professional relationships with the investment community; represent the Bank at conferences.
Oversee capacity building in asset management and risk management; oversee advisory services.
Develop and lead the Division’s work program and be responsible for the attainment of the relevant key performance indicators.

Duties and Responsibilities
Under the Supervision of the Director the Division Manager will:

Portfolio management:

Supervise the management of the Bank Group’s treasury assets in its liquid currencies with the objective of capital preservation, profitability, and liquidity maintenance according to the investment guidelines of each specific entity by ensuring that portfolios are managed within the entity’s guidelines and risk parameters; Supervises the development of the Investment Process and the implementation of the Strategic Asset Allocation.
Supervise the Bank’s short-term funding strategy and its execution by issuing Euro-Commercial Papers to cover short-term liquidity gaps, posting regular levels for Euro-Commercial Papers to increase the visibility of the Bank and assessing other alternative short-term funding options such as repo transactions.
Supervise the selection process for external portfolio managers; supervises external portfolio managers’ activities to ensure adequate management of the Bank’s assets by conducting regular meetings and reviewing performance reports.
Supervise the execution of money market and foreign exchange transactions by ensuring their timeliness and alignment with recommendations of the working groups.
Supervise the credit analysis process by ensuring that specific issuers/counterparties are assessed to ensure their creditworthiness.
Supervise the management of cash collateral by ensuring the investment of cash received as credit support in short-dated instruments with the objective of covering the financial costs.
Supervise innovation in investment products and strategies by evaluating proposals that are submitted by members of the team and providing concrete feedback; proposals are cleared by the Division manager before they are submitted to the working groups.

Financial Policies:

Contribute to the formulation and reviews the African Development Bank Group’s financial policies by making appropriate policy recommendation to Senior Management, the Board and the Asset Liability Management Committee; Participates in the review of other financial policies including borrowing and currency management policies by providing feedback to proposals from other Divisions.
Ensure that Process Manuals of the Division are up-to-date by supervising their periodic review.

Market Intelligence & Reporting:

Keep Senior Management and Board up-to-date on the investment strategy and developments in the financial markets by (i) providing regular updates at Strategy Meetings and through notes, (ii) responding to information requests from the Treasurer, the Asset Liability Management Committee, the Board, and the rest of the Bank, (iii) supervising the production of monthly and quarterly reports presenting performance results and market developments (iv) presenting capital markets developments, outlook, strategy and investment performance to the monthly Asset Liability Management Committee (v) supervising the production of weekly economic and bond market reports prepared by the division.

Advisory & Capacity Building:

Provide technical assistance to other divisions in areas of risk hedging, fixed income trading, and valuation of bonds and derivatives by reviewing reports produced by other divisions, and responding to specific technical requests.
Supervise the provision of advisory services and technical assistance to African Central Banks and other financial institutions on fixed income investment management, and risk hedging by responding to specific technical requests or reviewing proposals or policies.
Supervise the design of courses and programs targeted at senior management, middle managers and officers of Central banks and other financial institutions.
Participate in the Staff Retirement Plan Investment Committee and the Medical Benefit Plan Financial Management Committee by providing feedback on proposals and technical advice.

External Relationships:

Provide leadership in maintaining and managing professional relationships with the investment community, dealer counterparties, central banks and other professionals operating in financial markets, by coordinating responses to information requests, representing the Bank at conferences and supervising the expansion of the list of existing Global Master Repurchase Agreement and International Swaps and Derivatives Association agreements.

Analytics, Models and System Development:

Supervise the development of analytics tools in the team to improve the team’s capacity to capture and monitor risks; Such improvements include the implementation of portfolio analytical tools, such as P&L attribution analysis, cash flow projections analysis.
Supervise key system development projects designed to improve operational efficiency; Examples include the functional testing of the deployment of Straight Through Processing and electronic trading platforms.

Staff & Budget Management:

Manage staff performance by establishing the work program of the Division, setting clear objectives for each member of the Division and providing regular feedback on performance; Performance reviews are conducted according to the Bank’s Human Resource calendar.
Promote and supports personal development of staff in the Division, by establishing knowledge sharing and training programmes to keep the team abreast of new developments in portfolio management and techniques.
Ensure business continuity by designating two adequate back-ups for each activity; Ensures that all relevant documents are both electronically and physically filed.

People management:

Manage staff performance in lines with the Bank’s guidelines, ensuring that objectives are set and agreed upon with each staff during the work program discussion in January, that feedback on performance are given throughout the year and that mid-year and annual reviews of performance are conducted in line with the Bank’s calendar.
Building talent and people’s capabilities for the future by supporting and leveraging the diversity of staff and create growth opportunities for others, encouraging them to stretch beyond their current experience or comfort zone.
Provide ongoing feedback and development, including long term career development and
Mentoring, as well as hold their team members accountable for developing others.
Ensure good performance ensuring that staff are coached, have a clear understanding of their job, and are aware of market developments by establishing knowledge sharing and training programs.

Management of the division:

Ensure the smooth functioning of the division, by establishing and assigning the annual work program to staff at the beginning of each January, ensuring that budget is commensurate with needs and strictly monitored.
Mitigate operational risk by ensuring that the division’s procedure manual are updated at all times and ensuring compliance with internal procedures and practices. The division’s processes should be reviewed and continuously enhanced.
Ensure that the process and controls of the division are strong, and effective so that Committee of Sponsoring Organizations of the Treadway Commission and Audit reviews are positive.
Conduct at least monthly staff meetings with the various teams.
Ensure that there is business continuity by ensuring that all activities have at least two proper back up, by implementing succession planning, and ensuring that all relevant documents are both electronically and physically filed.
Perform other duties as assigned by supervisors.

Selection Criteria
Including desirable skills, knowledge and experience

Hold at least a Master’s Degree (or its equivalent) in Finance, Economics, Mathematics, Statistics or another relevant quantitative discipline. Relevant professional certification such as Chartered Financial Analyst (CFA) or International Capital Market Association (ICMA) is a plus.
Strong knowledge and understanding of financial instruments, particularly bonds, structured products, derivatives, and risk management concepts.
Strong numeracy skills.
Ability to manage a team with the right balance of flexibility and control while cultivating a culture of rigour within the team.
Have a minimum of eight 8 years of relevant and practical experience in international capital markets in general and with special emphasis on active management of complex fixed income portfolios. Practical experience of managing a team of portfolio managers and/or traders.
Ability to communicate effectively (Written and Oral) in English, with a working knowledge of French.
Competence in the use of standard Microsoft Office Suite applications and preferably, SAP CML.

Job Title: Division Manager, Treasury Risk Management

Reference: ADB/17/386
Location: Côte d’Ivoire
Grade: PL2
Position N°: 50092452
The Complex

The Vice Presidency for Finance (FIVP) 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 Hiring Department/Division

The role of the Financial Management Department (FFMA) is to develop and promulgate policies and guidelines relating to the financial management for the Bank Group. It also ensures internal consistency of all financial policies and guidelines, including those initiated and developed by the other departments in the Bank, as well as monitors and reports on compliance.
The role of the Treasury Risk Management Division (FIFM2) 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 Position
Under the Supervision of the Director, the Division Manager is responsible for the middle office and treasury risk management function of the Bank Group with the objective to:

Identify, measure, monitor and report on treasury performance, compliance and counterparty credit risks in the Bank Group’s Treasury operations;
Ensure the timely recording, analysis and reporting of the treasury activities;
Implement an efficient control framework to ensure the adherence to the Bank’s policies, Assets and Liabilities Management (ALM) guidelines, principles of segregation of duties and to International Financial Reporting Standards (IFRS) where appropriate;
Provide appropriate information systems and analytical support tools to support and enhance the analytical, decision-making and reporting processes within the Bank Group Treasury and Treasury Risk Management activities.

Duties and Responsibilities
The Division Manager will undertake the following functions:

Manage a team of professional and support staff in developing, implementing, maintaining and enhancing static and dynamic market data, analytical and reporting systems used for the financial market activities of the Bank Group Treasury Department;
Provide leadership on the analysis and ad-hoc reports on performance, risk, and counterparty credit exposures in response to changes in market conditions;
Monitor the implementation of projects designed to enhance the content and quality of information produced by the division for management and policy decision-making;
Identify and oversee acquisition and implementation of information and other vendor services for efficient risk management and reporting.
Set the division work programme and budget including the performance objectives of staff and regularly provide feedback, coaching and evaluation thereof
Provide leadership in ensuring the implementation and maintenance of an efficient and robust internal control and risk management framework
Oversee the development and maintenance of counterparty credit and financial risk exposure monitoring and reporting systems for investments, borrowings and derivatives activities of the Bank Group entities;
Lead the financial and risk contributions to negotiations of ISDA/CSAs with counterparties;
Review the preparation of regular financial, risk and performance reports for, Management, the Asset and Liability Management Committee (ALCO), Treasury and Financial Control Departments;
Keep abreast of treasury and risk management issues relating to regulatory developments and industry best practice through the development of a strong network with major MDBs
Perform other duties as assigned by the supervisor.

Selection Criteria
Including Desirable Skills, Knowledge and Experience

Hold at least a Master’s Degree in Finance, Business Administration, Economics or related fields;
Professional qualification an added advantage, e.g. CFA, FRM, PRM
Have a minimum of eight (8) years of relevant professional experience in the areas of Treasury, Treasury Risk Management or Financial Risk Management;
Strong knowledge of fixed income and derivatives markets, financial/treasury risk management, counterparty credit risk management, valuation of securities, derivative products, and financing strategies;
Relevant private sector banking experience is an added advantage;
Strong analytical skills;
Knowledge of Summit and Numerix highly desirable
Competence in the use of standard software used in the Bank such as Word, Excel, Access and Power Point and SAP.
Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other language.

Job Title: Division Manager – Microeconomic, Institutional and Development Impact Division
Reference: ADB/17/414
Location: Côte d’Ivoire
Grade: PL2
Position N°: 50092400
The Complex

The Chief Economist/Vice-President for Economic Governance and Knowledge Management (ECVP) is the Bank’s spokesperson on economic matters and the VP for the ‘Economics Governance and Knowledge Management Complex’.
The ECVP is responsible for:
- Providing leadership and visibility for the Bank on economic, finance, financial governance and socio economic development issues; and coordinate the generation of analytical works to inform operational policy;
- Systematically emphasize the critical role of knowledge, experience, lessons learnt and their tangible impact on sustainable, inclusive transformation of African economies.
The ECVP will inspire, generate and provide direct support to the President and Senior Management of the Bank on a broad range of technical and management issues within the broad remit of economic, finance, public financial governance, management and social economics.

The Hiring Department/Division

The Macroeconomics Policy, Forecasting And Research Department (ECMR) is dedicated to the generation of high quality knowledge in the area of development in Africa.
It provides technical support to operations and regional member countries through rigorous analytical work; engages in impactful policy dialogue with decision-making bodies within and outside of the Bank; and most importantly enhance the operational effectiveness of the Bank in achieving the High 5s.
The activities of the department are structured around the Macroeconomic Policy, Debt Sustainability and Forecasting on one side, and the Microeconomics, Institutional and Development Impact on the other.
The Microeconomic, Institutional and Development Impact Division (ECMR.2) focuses on microeconomic issues related to development finance, infrastructure development, private sector development, industrial organizations, governance, competitiveness & investment climate, agriculture, institutions, and regional integration to support the High 5s.
In addition, ECMR.2 is the institutional anchor of the ex-ante Additionality and Development Outcome Assessment (ADOA) and Impact Evaluation (IE) of the Bank’s operations, as such it is a key element of the Bank Results Framework and the primary tool for mainstreaming Development Outcomes.

The Position
Under the supervision and guidance of Microeconomic Policy, Forecasting And Research, (ECMR); the Manager of Microeconomic, Institutional and Development Impact Division, ECMR.2 will be responsible for:

Designing and to undertake a program of analysis and research on selected African development issues related both directly and in cooperation with other African and international research centers with a special emphasis on the High 5s and the Bank Ten-Year Strategy;
Providing technical support and advise to project assessment teams and support to operations through the ex-ante assessment of Additionality and Development Outcome Assessment (ADOA) and Impact Evaluation of the Bank’s operations;
Providing leadership and inspiration in the undertaking of quality research and analyses in Africa’s economic development, with emphasis on microeconomics and development impact analysis in the Bank, which aims to enhance the scope and standards of Bank operations, economic and sector work and policy dialogue with RMCs;
Raising the Bank’s capacity to pose crucial issues in Africa’s development and to devise solutions through the production of flagship reports and working papers dedicated to these issues.
Providing technical input in economic and sector work, CSP & RISP preparations, development of policies, in line with the Bank’s High 5s;

Duties and Responsibilities
Under the supervision of the Director of the development research, Division Manager Microeconomic, Institutional and Development Impact Division (ECMR.2) will:

Work program validation and execution of the Division’s activities:
- Review and validate the objectives and work program for the division, ensuring alignment to the Bank, Complex and department strategic priorities.
- Review and validate the budget, and its effective implementation.
- Develop and monitor key performance indicators to drive the Division’s performance.
- making assessments in the recruitment of qualified staff for the Division;
- assessing work performance, appraising staff potential and determining training needs;
- Monitoring implementation of the Division’s work program and introducing changes where necessary to ensure that work objectives are met.
Plan, manage, organize and undertake activities relating to the conduct of research on Microeconomics, Institutional and Development Impacts in accordance with the High 5s. This involves:
- Lead comparative research analysis and other analytical work on microeconomic issues related to development finance, infrastructure development, private sector development, governance, competitiveness & investment climate, industrialization, institutions, and regional integration to support the High 5s and inform Regional Member Countries and Bank Group operations;
- Lead analysis to support Bank’s operations through the ex-ante assessment of Additionality and Development Outcome Assessment (ADOA) and Impact Evaluation exercises;
- Lead any revisions of the ADOA Framework on the basis of implementation experience and lessons learned from other Development Finance Institutions (DFIs);
- Provide analysis of Regional Member Countries’ economies using appropriate and assessing regional and continental development strategies;
- Promote collaborative work and maintaining relations with institutions dealing with economic research and development policies, especially as they relate to Africa.
- Facilitate the generation, dissemination and sharing of knowledge on African development issues through major reports and publications, participate in international and regional seminars and organize Bank sponsored workshops and training programs;
- Promote stronger linkages with African Universities and research organizations as well as other research institutions elsewhere and with partner institutions such as the Economic Commission for Africa (ECA), the World Bank, and the International Monetary Fund (IMF) to undertake collaborative research programs where feasible, and to exchange data sets;
- Assist the Chief Economist’s office in advising the President and Senior Management of the Bank on socio-economic, sustainable development and finance issues in Africa.
- Provide guidance and mentorship to staff in the Division and those in other complexes undertaking economic and sector focusing on microeconomics, institutions and development impact.
- Manage human and financial resources to ensure that the Division core activities are not constrained.
- Establish effective collaboration with other Bank units, international agencies as well as with bilateral development partners in seeking solutions to Africa’s development
People and Talent Management:
- Ensure the division has the appropriate skills-mix at any time for effective delivery of the objectives defined in the work program.
- Assess work performance, appraise staff potential and determine training needs.
- Put in place, with the assistance of the Human Resources department, talent management mechanisms, to build a talent pool for the department for business continuity.
Represents the Bank in international and regional conferences, seminars and workshops where such papers will be presented
Performs other tasks as requested by the Director and senior management

Selection Criteria
Including Desirable Skills, Knowledge and Experience

Hold at least a Ph.D Degree in Economics, Finance, or related discipline.
Have a minimum of eight (8) years’ experience in on microeconomic issues related to development finance, infrastructure development, private sector development, industrial organizations, governance, competitiveness & investment climate, agriculture, institutions, and regional integration, project analysis and/or monitoring and evaluation, or sector operations.
Strong knowledge and background in the use of statistical and econometric methods and packages in development economics and microeconomics research; theoretical knowledge to develop and implement research programs.
Proven ability to build and lead a team of motivated staff, and utilize the talents and expertise of team members in a productive way.
Capacity to initiate and manage innovation and change.
A strong drive for results, an ability to carry out swiftly and efficiently numerous competing demands, and capable of managing competing priorities.
Ability to make presentations, engage in public speaking
Proven ability in development policy research and analysis of economic conditions that are of relevance for the High 5s (Bank priority areas).
Publication record in international peer reviewed journals, or proven record of publications of reports, working papers, books focusing on microeconomic issues related to development finance, infrastructure development, private sector development, industrial organizations, governance, competitiveness & investment climate, agriculture, institutions, and regional integration.
A good understanding of the Bank or similar organizations Environmental & Social policy requirements
Ability to design and conduct research projects/programs
Proven skills in drafting and preparation of policy memoranda, speeches and notes
Excellent verbal and written communication skills in French or English, with a good working knowledge of the other language.
Competence in the use of leading econometrics software packages and in Microsoft Suites (Word, PowerPoint, Excel and Access).

How to Apply

Click here to apply

Deadline: 22nd September, 2017.

Current Jobs at African Development Bank Group (AfDB)

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