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: Principal Financial Risk Officer – FIFM1
Reference: ADB/18/075
Location: Côte d’Ivoire
Grade: PL4
Position N°: 50000845
Location: Côte d’Ivoire
Grade: PL4
Position N°: 50000845
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 role of the Financial Management Department (FIFM) 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 Asset and Liability Management Division is responsible for developing and directing the Asset and Liability Management functions of the Bank Group entities, including financial policies, financial modelling and projections and balance sheet management activities involving risks related to changes in interest rates, exchange rates and the liquidity position
The Position
The responsibilities of the Principal Financial Risk Officer are to:
The responsibilities of the Principal Financial Risk Officer are to:
- Formulate and periodically review ALM policies and guidelines.
- Prepare and periodically update financial projections for the ADB, ADF and NTF.
- Ensure that Financial Risk Management limits are maintained within Board approved limits and the Asset and Liability Management Committee (ALCo) operating guidelines;
- Support the Bank Group’s resources mobilization efforts through the production of relevant data, projections, financial analyses and reports.
- Design, upgrade, implement and maintain the ALM Analytics System/Processes and financial models used by the Division to maintain an adequate risk management infrastructure
Duties and Responsibilities
Under the supervision of the Division Manager – FIFM1 the Principal Financial Risk Officer will perform the following:
Under the supervision of the Division Manager – FIFM1 the Principal Financial Risk Officer will perform the following:
- Formulate and periodically review the asset liability management policies and guidelines for the ADB, ADF and NTF.
- Prepare background working papers on the Bank’s and Fund’s resource mobilization initiatives such as general capital increases and ADF replenishments.
- Keep abreast of all ALM risks -related regulatory developments and industry best practice – particularly through the development of a strong network with peers at other major MDBs and active participation to international forums on ALM and financial management topics.
- Maintain of the integrity of Risk management Analytics System/Processes with consideration for data, assumptions, processes and reporting through automation, reconciliation, and documentation
- Develop, implement back-tests and monitor key financial models that drive the risk profile of the Bank Group’s balance sheet and income margin.
- Contribute to the elaboration of the Bank’s annual medium-term financial performance outlook (MTFO) paper and the Programme and Budget Document (PBD).
- Conduct pricing, valuation, and behavioral analysis of Balance Sheet products in order to ensure a fully integrated risk analysis.
- Lead the study of specific products and how their structure should be modeled in order to reflect how their profiles impact the Bank Group risk profile.
Selection Criteria
Including desirable skills, knowledge and experience:
Including desirable skills, knowledge and experience:
- Hold at least a Master’s Degree in Finance, Banking, Business Administration, Management Information Systems or in similar quantitative disciplines.
- Have a minimum of Six (06) years of relevant experience in a bank or a similar financial institution or a related consulting role, with at least 3 years in an ALM role or a related role in financial risk management.
- Experience in the preparation of Asset/Liability management policy documents, Capital Adequacy policy documents and guidelines for a MDB or a commercial Bank.
- Experience with an MDB or in the financial services industry with emphasis on quantitative risk, highly valuable.
- Expert knowledge of balance sheet management and complex financial instruments;
- Excellent analytical and problem solving skills
- Experience of forecasting P&L and balance sheet of a financial services / banking entity.
- Good project management skills
- Knowledge of SAP and SUMMIT is advantageous
- Ability to communicate effectively (written and oral) in English or French preferably with a working knowledge of the other.
- Competence in the use of standard MS office applications (Word, Excel, Access, and PowerPoint) and SAP.
Interested and qualified candidates should:Click here to apply
Job Title: Energy Economist – RDGW1
Reference: ADB/18/076
Location: Côte d’Ivoire
Position N°: 50053608
Grade: PL5
Reference: ADB/18/076
Location: Côte d’Ivoire
Position N°: 50053608
Grade: PL5
The Complex
- The Vice Presidency for ‘Regional Development, Integration and Business Delivery ‘responsible for operational relevancy, efficiency and effectiveness of the Bank Group’s operational programs, and activities.
- The Vice Presidency Regional Development, Integration and Business Delivery will ensure that the Bank operates successfully across its Regional Members Countries and will oversee the full implementation of all aspects of the Bank’s Regional Directorates
The Hiring Department/Division
- Within the Regional Development, Integration and Business Delivery (RDVP) Complex, the Bank has five (5) Regional Hubs, one in each region of Africa: North, South, East, West, and Central.
- Each Regional Hub is headed by a Director General (DG) and is staffed with the relevant sectoral functions and administrative capabilities for rapid delivery of services to client countries.
- The Regional Hubs provide overall strategic direction to country offices within the regions and are responsible for the Bank’s sovereign operations, business development, project management and overall effective delivery of the Bank’s High 5s, notably ‘Industrialize Africa’, ‘Feed Africa,’ ‘Light up and Power Africa’, ‘Integrate Africa’ and ‘Improve the Quality of Life of the people of Africa’.
The Position
- Under the overall supervision of the Regional Operations Manager – Power (RDGW.1), The Operations Officer will ensure the technical strength of the Bank’s activities in the support of transactions linked to investments in the electricity sector.
- He/She will provide deep sectoral expertise related to the planning, development, structuring and financing of national and regional power systems, including power generation, transmission and distribution / retail.
- The job contributes to the delivery of flagships as required.
Duties and Responsibilities
The Energy Economist is responsible for execution of the following activities with the associated deliveries:
The Energy Economist is responsible for execution of the following activities with the associated deliveries:
- Contribute to the preparation of policies and strategies for Bank Group intervention in energy;
- Contribute to country and regional strategy papers; undertake relevant studies and analyses;
- Contribute to teams in charge of activities related to project and sector economic analyses; and conducting economic analyses throughout the whole project cycle through: i) data definition, collection and analysis of appropriate core indicators; ii) assessment of public utilities’ commercial performance; iii) calculation of project economic benefits including but not limited to assessing externalities, supply and demand analysis, cost benefit analysis, and economic profitability.
- Provide timely guidance needed to achieve projects’ development outcomes
- Be part of the teams in charge of activities related to the project cycle and ex-post reviews of Bank operations focusing on renewables, involving RMCs’ governments, other development partners and concerned parties or partners;
- Use updated information on the energy sector and experts’ opinions to advice RMCs for promoting policies, regulations and institutional frameworks conductive to strong growth/development of renewables, stressing the need of good governance;
- Provide the required technical skills to design national and multinational projects that respond to the needs of the RMCs and Regional Economic Communities (RECs) based on their priorities and selectivity.
- Represent the Bank in national and regional partnerships, networks, conferences, workshops, and training seminars on issues related to Energy sector development and related issues;
- Build interdepartmental cooperation in the Bank and partnerships with other sister Institutions involved in the development of renewables
- Undertake any other task as the Director of the Department and/or Manager may assign.
Selection Criteria
Including desirable skills, knowledge and experience:
Including desirable skills, knowledge and experience:
- At least a Master’s Degree in Engineering, Economics, Finance or Business
- A minimum of five (5) years of relevant professional experience in project origination and sector analysis
- Proven ability to assess and implement legal, institutional and regulatory reforms in the energy sector value chain
- Proven ability to interact competently with the staff of government and donor agencies on issues relating to aid coordination, as well as with the private sector;
- Proven ability to build and lead a team of professional staff, and utilize talent and expertise of team members in a productive way;
- Demonstrated intellectual leadership and ability to integrate sector specific knowledge with broader operational strategy and research objectives;
- Good networking skills and judgment which are required in the management of professional relationship with external partners working in Africa.
- Client Orientation to understand, and when appropriate, anticipate client needs, to ensure the clients receive the best possible service from the Bank.
- Ability to apply innovative approaches and change working methods while remaining effective in changing working conditions.
- Ability to communicate and write effectively in French or English, with a good working knowledge of the other language.
- Competence in the use of standard Microsoft Office applications (Word, Excel, Access, PowerPoint); knowledge of SAP is desirable.
Interested and qualified candidates should:Click here to apply
Application Deadline 6th June, 2018.
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