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: Chief Financial Risk Officer
Reference: ADB/17/321/2
Location: Côte d’Ivoire
Grade: PL3
Position N°: 50093769
Publication date: 27/03/2018
The Complex
Location: Côte d’Ivoire
Grade: PL3
Position N°: 50093769
Publication date: 27/03/2018
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 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 Chief Financial Risk Officer ensures that Asset and Liability Management exposures are identified, measured and reported and, where necessary, mitigated.
- He/she provides analytical expertise for assessing the financial impact of strategies, initiatives, products, etc. on Bank Group entities and ensures that financial risks are maintained within Board approved limits and the Asset and Liability Management Committee guidelines
Duties and Responsibilities
Under the supervision and guidance of the Division Manager, Asset and Liability Management, the Chief Financial risk Officer will perform the following:
Under the supervision and guidance of the Division Manager, Asset and Liability Management, the Chief Financial risk Officer will perform the following:
- Lead the formulation and periodic review of asset liability management policies and guidelines for the African Development Bank, the African Development Fund and the Nigeria Trust Fund.
- Co-ordinate the upgrade and update the Bank Group’s medium and long-term financial projections models for the African Development Bank, African Development Fund and Nigeria Trust Fund.
- Lead the preparation of the Bank’s annual medium-term financial performance outlook paper, accompanying Board seminar and the Programme and Budget exercise
- 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.
- Lead the preparation of background working papers on the Bank’s and Fund’s resource mobilization initiatives such as general capital increases and African Development Fund replenishments.
- Co-ordinate the preparation of quarterly reports on currency, interest rate and liquidity risk and on financial projections.
- Provides advisory support on all issues relating to asset/liability management and participate in appropriate working groups of the asset and liability management committee.
- Contribute to the preparation of the Bank Group’s annual market risk review.
- Ensure the appropriateness of the Asset and Liability Management IT infrastructure and the integrity of Risk management Analytics System/Processes with consideration for data, assumptions, processes and reporting through automation, reconciliation, and documentation.
- Keep abreast of all Asset and Liability Management 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 Asset and Liability Management and financial management topics.
Selection Criteria
Including desirable skills, knowledge and experience
Including desirable skills, knowledge and experience
- Hold at least a Master’s degree or its equivalent in a quantitative field (Finance, Statistics, Mathematics, Economics and/or other relevant fields). CFA or FRM/PRM professional qualification is advantageous.
- Have a minimum of seven (7) years of relevant professional experience in a bank, similar financial institution or related consulting role, with at least five (05) years in an Asset and Liability Management or related role in financial risk management.
- Having private sector experience will be an added advantage.
- Experience with a Multilateral Development Bank is highly desirable.
- Strong ability to guide and supervise a small team.
- Expert knowledge of balance sheet management and complex financial instruments, with proven experience in the implementation of Asset and Liability Management frameworks and financial modelling, forecasting P&L and balance sheet of financial services/banking entity.
- Strong analytical, pproblem solving and project management skills.
- Good understanding of relational databases and development languages (e.g. SQL, VBA).
- Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other language.
- Competence in the use of standard software (Word, Excel, Access, PowerPoint).
Job Title: Senior Staff Benefits Assistant
Reference: ADB/18/031
Location: Côte d’Ivoire
Grade: GS8
Position N°: 50000727
The Complex
- The Vice-Presidency, Corporate Services and Human Resources (CHVP) ensures the delivery of efficient, people-centered, client-oriented, corporate services to ensure overall institutional effectiveness in all aspects of the Bank’s corporate services.
- The complex leads efforts to ensure the competitiveness of the Bank as the employer of choice and is responsible for providing leadership in the formulation and implementation of Bank’s strategies on people, IT, general services and institutional procurements, language services, business continuity and, health and safety strategies.
The Hiring Department/Division
The role of the Human Resources Management department is to develop and execute a People Strategy, Policies, processes and practices which will enable the Bank to achieve its strategic Agenda. Core to the HR Strategy will be the attraction, development, engagement, motivation and retention of a best-in-class workforce.
The role of the Human Resources Management department is to develop and execute a People Strategy, Policies, processes and practices which will enable the Bank to achieve its strategic Agenda. Core to the HR Strategy will be the attraction, development, engagement, motivation and retention of a best-in-class workforce.
In order to create a truly transformed HR work-way, CHHR department is structured around a triangular Model: Business Partnerships for strategy, client contracting and HR delivery, Centers of Expertise/Subject Matter Experts (SMEs) for internal consulting, thought leadership, design, talent and staff development and training and best practice benchmarking, HR Shared Services for transactional excellence and employees outreach. This new HR Model will deliver a world-class employee life-cycle experience.
Within the Human Resources Department (CHHR), HR Shared Services (CHHR.2) is responsible to the administration of employee, management of benefits, HR processes and data center.
The Position
- Under the supervision of the Benefits officer and under the overall supervision of the Division Manager CHHR2, the incumbent is responsible for reviewing, analyzing and processing staff members’ requests for benefits payments and loans, as well as applications for benefits allowances; and controls and verifies all inputs (entries) made into the computer system, to ensure accuracy and adherence to the rules
Duties and Responsibilities
Under the overall supervision of the Benefits Officer, the incumbent will undertake the following Key Responsibilities:
Under the overall supervision of the Benefits Officer, the incumbent will undertake the following Key Responsibilities:
- Process claims for staff members for reimbursement of Insurance
- Administer Bank details for staff payroll; Verify and administer for payroll purposes
- Process acting Allowances for staff
- Process BDIR payments on behalf of Office of the Secretary General (PSEG)
- Provide assistance to Staff members for On-Boarding operations:
- Interpret staff rules to determine benefits due to staff members joining the Bank
- Coordinate with others CHHR divisions, CHGS and the staff member to facilitate shipment of personal effects and Travel for dependents.
- Coordinate the registration of eligible dependents and ensure payments are only made for eligible dependents
- Process payment of installation allowance for the eligible staff in accordance with Service Level Agreements (SLA)
- Communicate with staff and ensure they understand the status of their payments
- Raise payment vouchers for payments in relation to assumption of duty benefits
- Provide Assistance to Staff members for Off-Boarding operations:
- Interpret staff rules to determine benefits due to staff members leaving the Bank
- Coordinate with others CHHR divisions, CHGS and the staff member to facilitate repatriation of personal effects and dependents
- Compute death benefits including Insurance payments and Death indemnity
- In case of a death of a staff member, liaise with PGCL to ensure the eligibility of beneficiaries
- Communicate with staff and ensure they understand the status of their payments
- Raise payment vouchers for payments in relation to departures under voluntary separation, death, resignation, early and normal retirement
- Provide Assistance to Staff members for Education Benefits:
- Process requests of staff members for Education advance payments
- Process justifications for completed claims/applications
- Communicate and Drafting correspondence to staff relating to Education benefits
- Elaborate appropriate reporting to facilitate the monitoring of the requests for Education benefits
- Assist staff members for any request related to Education benefits
- Administer Time management framework for staff members and managers:
- Administer Leave entitlements and Generation of leave quotas
- Administer work schedules and FlexiTime programs
- Administer of holidays calendars
- Administer Maternity leave and Sick leave in liaison with Medical center
- Manage staff salary advances:
- Process requests for Salary Advances;
- Prepare reconciliations of balances of advances.
- Process Debt recovery for separated staff
- Provide Country Office expatriation assistance:
- Process relocation benefits
- Respond to queries and guidance to IRS on policy
- Administer other benefits such as Cost of Living Adjustment (COLA), Hardship Allowance, deductions for staff housing co-pay through payroll
- Assist in mitigating risk for deposit loans
- Carry out Risk Assessment and Mitigation:
- Check and reconcile all benefits
- Report Periodically
Selection Criteria
Including desirable skills, knowledge and experience:
Including desirable skills, knowledge and experience:
- Hold at least a Bachelor’s Degree/Licence/BAC+4/Maîtrise or its equivalent in Accounting, Finance, Business Administration, Commerce or other related disciplines;
- Audit, Project Management or Human Resource is an added advantage.
- Have a minimum of six (6) years of relevant practical working experience at progressive positions in an international organization;
- Strong computation skills, ability to perform various tasks, attention to detail and ability to work under pressure and within a multidisciplinary and multicultural team;
- Good organizational and interpersonal skills are strongly desired;
- Operational Effectiveness
- Communication
- Problem Solving
- Client Orientation
- Team working and relations
- 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 Microsoft Office Suite applications. SAP – Finance and HR Modules proficiency is advantageous.
Job Title: Operation Assistant
Reference: ADB/18/032
Location: Côte d’Ivoire
Grade: GS7
Position N°: 50001331
Reference: ADB/18/032
Location: Côte d’Ivoire
Grade: GS7
Position N°: 50001331
The Complex
- The Vice Presidency for Private Sector, Infrastructure and Industrialization is central to the Bank’s mission of developing the private sector, improving infrastructure and accelerating industrialization.
- The complex main functions are to:
- Strengthen the enabling environment for private sector [and financial sector] development conducive to inclusive growth and sustainable development,
- Support the development of reliable and sustainable infrastructure, including cities and urban development, and
- Place renewed emphasis on industrial and trade performance in support of structural transformation across Africa.
- The Complex leverages knowledge, co-financing, and partnerships to attract private capital and work with governments on delivering the Bank’s development agenda.
The Hiring Department
The primary role of the Financial Sector Development (FSD) Department is to help the Regional Member Countries (RMCs) increase the reach, depth, and breadth of their financial systems, while safeguarding financial stability.
The primary role of the Financial Sector Development (FSD) Department is to help the Regional Member Countries (RMCs) increase the reach, depth, and breadth of their financial systems, while safeguarding financial stability.
The Department has four long-term objectives:
- Development of a vibrant private sector through an inclusive access by households and enterprises to financial services;
- Strengthening markets participants;
- Developing efficient capital markets, and
- Deepening regional financial integration.
Paired with other Industrialization, infrastructure and Private Sector complex departments, the FSD Department is responsible for implementing the Bank Group’s Financial Sector Development Policy and Strategy 2014-2019 (FSDPS) towards vibrant, innovative, robust and competitive financial systems, both national and regional, and in both the public and private sector levels of RMCs. FSD plays a transversal role across the Bank’s five strategic priorities, applying its financial deepening and access tool kit to the High Five (H5) agenda.
Fundamentally, the scalability and policy momentum inherent in the H5 agenda create an important opportunity for expanded relevance of the FSD core skill-set: flexible financing instruments and delivery frameworks for financial inclusion, smart resource mobilization and capital markets development. FSD leverages partnerships to bring about greater developmental impact in financial sector development.
The Position
Under the supervision of the Financial Sector Director, the Operation Assistant will contribute to the work unit by completing a variety of tasks assigned, covering all or a combination of the following functions:
Under the supervision of the Financial Sector Director, the Operation Assistant will contribute to the work unit by completing a variety of tasks assigned, covering all or a combination of the following functions:
- Providing support, facilitation, follow-up and sometimes closure on transactional PIFD issues
- Assist the Task Manager and Divisions Manager in the execution /implementation of the work-plans for the in alignment with the business strategy of the department
- Support the Director and the Front Office staff in the preparation of planning and reporting documents, with particular emphasis on drawing on information maintained on databases.
- Analyze supervision data, monitor disbursement status and arrange follow up and reporting actions, as well as monitoring project cancellations, write off procedures and adherence to write-off policies
- Assist in the preparation and monitoring of the division’s administrative budget, work programs, mission schedules and staff movements schedules, and participate in the identification of resource requirements and sources of funding.
- Provide budget analysis reports to the Complex Management Budget Coordinator and director
- Prepare, and as needed, gather information and relevant documents for the supervisor regarding issues being discussed or processed by the director.
- Provide first-level support to response to staff information requests in areas of responsibility.
- Execute received instructions and anticipate and inform superior and relevant colleagues of any risk of delay in achieving targets, and take or recommend action to avoid it as per operating procedure.
Duties and Responsibilities
Workflow management:
Workflow management:
- Devise and maintain efficient office systems;
- Track and follow-up with documents; deal with incoming email, faxes and general mail.
Office Administration:
- Organize and attend to meetings, appointments, luncheons and events to ensure that responsible management are well prepared;
- Participating in the preparation of the annual and mid-year budget review by inputting data and the monitoring thereof and updating and maintaining various staff lists from time to time;
- Providing logistical support for Staff meetings, trainings, and other major events;
- Providing general back up support to other Team members during their absences, as needed;
- Producing documents briefing papers, reports, spread sheets and presentations and assist where applicable with the programming of operational activities.
Resources Management:
- Manage systems, create and process expense reports in SAP;
- Assist the management in issues concerning resources such as the administrative budget, monitor and review expenses and bring issues to the attention of management;
- Participate in the preparation of the annual and mid-year budget review by inputting data and the monitoring thereof
- Supports in the organization and coordination of meetings within the vice-presidency, across the Bank and with external clients and partners;
- Serve as an information resource on status of products and draft a variety of correspondences.
Analytical Work:
- Support in reviewing the quality of documentation for the Division/Department and making recommendations for improvement of style, presentation and analysis.
- Keeps abreast of status and progress on Divisions/Department commitments vis-a-vis internal and external clients; propose Key Process Indicators and ways to monitor progress towards theft attainment;
- Assist DMs in his/her interaction with internal and external auditors to carry out periodic audit reviews of internal controls on the data administrative portfolio and implement measure to strengthen internal controls where weaknesses are identified and ensure that agreed changes have been fully implemented
- Assist in preparing communication and presentation documents through drafting elaborate memos, spreadsheets, presentations and conduct first-level analyses regarding PIFD initiatives.
- Undertake ad hoc inquiries in standard and non-standard databases, retrieve, manipulate and present data and prepare presentation materials;
- Suggest ways to enhance work organization and effectiveness.
Problem Solving:
- Respond to enquiries from the Bank Executives; liaise with clients and other staff; coordinate with other members of management and partners; work with other secretaries and groups in different locations;
- Carry out background research in field of competence and present in a logical manner;
- Perform any other duties reasonably requested by management.
Selection Criteria
Including desirable skills, knowledge and experience:
Including desirable skills, knowledge and experience:
- Hold at least a Bachelor’s degree or its equivalent degree in Business Administration, Management, Finance, Economics or other relevant fields.
- Minimum of five (5) years of relevant professional experience in the formulation and implementation of programs and projects, financial and economic analysis of infrastructure projects and programs; proven competence and leadership in all phases of sector analyses, project and program preparation, appraisal and implementation.
Behavioral Competencies
- Communication and Intercultural Sensitivity
- Team work
- Client Orientation
- Interpersonal skills
- Tact
Technical Competencies
Experience in Financial management:
Experience in Financial management:
- Ability to understand tasks given by the director
- Ability to provide effective support to Division Managers and task manager
- Ability to insert inputs on Projects issue related to SAP
Internal Consulting & Coaching:
- Ability to assist Division Managers to solve related problems and enquiries through clear interpretation of policies.
- Ability to assure that Task Managers expectations are met through timely responses and resolution of issues.
Project monitoring:
- The Operation assistant will Assist effectively that project deliverables are transitioned into day-to-day practices.
- 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), Knowledge of SAP and internal software such as BPPS, MARS etc
Job Title: Country Economist
Reference: ADB/17/528/2
Location: Mozambique
Grade: PL3, PL4, PL5
Position N°: 50001061 / 50000757 / 50001164
Reference: ADB/17/528/2
Location: Mozambique
Grade: PL3, PL4, PL5
Position N°: 50001061 / 50000757 / 50001164
The Complex
- The Chief Economist/Vice-President for Economic Governance and Knowledge Management is the Bank’s spokesperson on economic matters and the Vice-President for the ‘Economics Governance and Knowledge Management Complex’.
- The Complex is responsible for (i) 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; (ii) systematically emphasize the critical role of knowledge, experience, lessons learnt and their tangible impact on sustainable, inclusive transformation of African economies.
The Position
- The Country Economist will focus on macroeconomic work to deepen country knowledge, preparation of Economic Sector Works and coordination of the preparation of Country Strategy Papers and other relevant documents (mid-term review, completion report, etc.).
Duties and Responsibilities
Under the supervision and guidance of the Chief Economist/Vice-President for Economic Governance and Knowledge Management , the Country Economist will:
Under the supervision and guidance of the Chief Economist/Vice-President for Economic Governance and Knowledge Management , the Country Economist will:
- Analyse the economic and financial situations of assigned Regional Member Countries, using internal and external information sources, and determine the implications for the programming and updating of Bank Group operations such as defined in the Country Strategy Paper.
- Examine the impact of Bank Group operations, in the countries concerned, of regional economic integration programmes and make recommendations on the role of the Bank Group in assisting regional integration initiatives.
- Undertake assigned Economic and Sector Work, focusing mainly on issues of governance profiling, and papers on relevant economic and financial issues in the development process.
- Identify, prepare, evaluate and monitor the implementation of macroeconomic programmes.
- Coordinate the preparation of Country Strategy Papers, based on the Regional Member Countries’ Poverty Reduction Strategies and/or the Governments’ Development Agendas.
- Maintain effective communication with the sector departments and other relevant units in the Bank to ensure a coordinated approach in the implementation of the Bank’s Strategy and lending operations in assigned countries.
- Participate in Country Portfolio Reviews.
- Participate in the preparation and monitor implementation of measures under budget support loans Participate in aid coordination activities with bilateral and multilateral donors, with emphasis on promoting the co-financing of projects and programmes.
- Participate in the preparation of the department’s budget, the annual and triennial lending programmes and briefs on economic reform and institutional support programmes.
- Develop and build client relations at levels and plays a promotional role in generating new business for the Bank.
- Provide mentoring to junior economists.
Selection Criteria
Including desirable skills, knowledge and experience:
Including desirable skills, knowledge and experience:
- Hold at least a Master’s degree or its equivalent in Economics and other relevant fields and related disciplines;
- Knowledge of the Portuguese language is a requirement for this position
- Have a minimum of six (6) years of relevant experience in an International Organization, working on African Development Issues and country strategy papers preparation;
- Good grasp of the developing countries issues, and solid experience in macroeconomic management issues and the economics of development.
- Solid technical and quantitative skills as an applied development macroeconomist.
- Very good knowledge of portfolio management and demonstrated knowledge of economics and analytical skills
- Strong experience in policy dialogue, as well as fragility assessment knowledge and skills.
- Strong analytical and organizational skills and ability to deliver results on time.
- Problem solving capabilities coupled to innovation skills and change management.
- Excellent verbal and written communication skills in French or English, with a good working knowledge of the other language.
- Competence in the use of standard Microsoft Office Suite applications.
- Knowledge of the Portuguese language is a requirement for this position
Application Deadline 10th April, 2018.
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