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. In order to sharply focus the
objectives of the Ten Year Strategy (2013-2022) and ensure greater
developmental impact, five major areas, all of which will accelerate our
delivery for Africa, have been identified for scaling up, namely;
energy, agro-business, industrialization, integration and improving the
quality of life for the people of Africa. The Bank is seeking to build a
management team that will lead the successful implementation of this
vision.
DIVISION MANAGER, CAPITAL MARKETS AND FINANCIAL OPERATIONS - FTRY1
Grade: PL-2
Position N°: 50000898
Reference: ADB/16/115
THE COMPLEX:
The
Vice Presidency for Finance (FNVP) 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 Finance Complex is
also responsible for the development of and training on the financial
products of the Bank Group. In addition, the Administrator of the Staff
Retirement Plan (SRP) reports to the Vice President FNVP.
THE HIRING DEPARTMENT/DIVISION:
The
role of the Capital Markets and Financial Operations Division (FTRY1)
is among others, to: (i) Raise cost effective resources from the
capital markets; the 2015 borrowing program has been set at about USD 6
billion; (ii) Contribute to the Capital Increases process and administer
the subscriptions of shareholders to the capital of the African
Development Bank (ADB). The ADB has 80 member countries and an
authorized capital of about USD 100 billion; (iii) Contribute to the
African Development Fund (ADF) replenishment negotiations and administer
the subscriptions of donors to the ADF and Multilateral Debt Relief
Initiative (MDRI); cumulative subscriptions by donors to ADF is about
USD 35 billion; and (iv) prepare the Financial presentation document of
the Bank.
The Division must target financial instruments,
structures and markets that will allow the Bank to raise funds at the
most attractive levels as such levels determine the competitiveness of
the Bank and its ability to fulfil its development mandate. Its
activities should also be handled in the context of maintaining the Bank
Group’s strong financial integrity, robust risk management framework as
well as its overall objectives, policies and guidelines. The candidate
will also be responsible for executing asset and liability management
transactions to optimise borrowing costs; contribute to the Bank’s
efforts in ensuring that it maintains its ‘AAA’ credit ratings; and
promote the Bank’s image among shareholders, market participants,
notably rating agencies, investment banks and investors. The Division
also participates in all negotiations for capital increases of the Bank
and replenishment of the Fund, and implements the resolutions related
thereto, including managing the subscriptions and contributions of
shareholders.
THE POSITION:
Under the
supervision of the Director Treasury Department (FTRY), the Division
Manager will principally be responsible for the implementation and
execution of the African Development Banks annual borrowing program as
approved by the Board of Directors. This will entail raising resources
from the capital markets in a cost effective manner with view to
financing the Banks clients at attractive levels as well as in meeting
the Bank’s liquidity and cash requirements The Division Manager will
among other activities ensure strict compliance with guidelines
prescribed by the Bank’s financial regulations and long-standing
practices, relevant operating procedures manuals, the Asset and
Liability Management (ALM) guidelines as well as apply best practices
for the funding of capital markets transactions and keeping a--- of
trends in those markets and reporting these as appropriate to the
relevant organs of the Bank. The Manager will develop and lead the
Division’s work program and is responsible for attainment of relevant
key performance indicators assigned to the division.
The Manager
will be responsible for providing leadership and supervising the
implementation of the ADF financing framework, the management of
subscriptions of the capital of the Bank and the MDRI. He/she will
advise Management and participate in technical discussions related to
Bank capital increases and replenishments of ADF.
DUTIES AND RESPONSIBILITIES
The
Division Manager will manage and supervise the personnel and activities
of the Division, determine the overall objectives, oversee the
execution of the work program and ensure effective use of the Division’s
budget. Her/his duties and responsibilities will include the following:
Lead
and coordinate the formulation of the Bank’s funding strategy and the
preparation of the Bank’s annual borrowing programs; oversee and ensure
regular review and update of the Bank’s borrowing documentation;
Oversee
the execution of the Bank’s annual funding program in the capital
markets in line with its funding strategy, conservative asset and
liability management framework, policies, guidelines and benchmarks;
Provide
leadership in the analysis of capital market trends and their likely
impact on the Bank’s liability and derivatives portfolios; lead and
supervise the asset/liability management activities of the Division;
Build
and maintain the Bank’s reputation in the capital markets by developing
and maintaining frequent contact with investment banks, and investors
as well as through representing the Bank at seminars, and conferences on
relevant capital market topics; maintain constant flow of discussions
on market developments with counterparties and inspire the staff of the
Division to do the same. Manage the investors’ relations program to
deepen and widen the Bank’s investor base, updating them on the Bank’s
credit story. Manage relationships with investors.
Lead the administrative management of subscriptions of the ADF, the African Development Bank and the MDRI;
Advise Management and participate in discussions on capital increases and ADF replenishments; prepare relevant technical papers;
Manage the process related to the implementation of the ADB, ADF resolutions and MDRI;
Manage relationships with member countries and donors Administrative management of subscriptions and contributions.
Participate
in the Bank’s credit rating review process; participate in the review
of the Bank’s financial policies; lead the preparation of the financial
presentation of the Bank for the annual meeting; lead the preparation of
the administrative hedge of the Bank’s budget.
SELECTION CRITERIA
Including desirable skills, knowledge and experience
Hold at least a Master's degree in Finance, Business administration, Economics, Statistics or related quantitative discipline;
Have a minimum of eight ( years of professional experience in international Capital Markets, fixed income markets;
Dynamic,
achievement-focused leader and manager with an established performance
record and extensive experience in global capital markets;
Excellent communication and presentation skills required in English, working knowledge of French will be an advantage;
High
degree of personal commitment, interpersonal skills with proven
communication, leadership, management and supervisory skills;
Ability to work effectively with individuals of different views, culture, nationality, gender and age;
Strong ability to cope with multiple demands and competing priorities under pressure;
Competence with standard Microsoft Office software (Word, Excel, Access, PowerPoint) as well as Bloomberg;
Knowledge of Summit/Numerix would be an advantage.
DIRECTOR, SPECIAL OPERATIONS - SVP
Grade: EL5
Position N°: 50064864
Reference: ADB/16/116
THE HIRING COMPLEX:
The
Senior Vice-President is responsible for supporting the President in
the day-to-day management of the Bank Group to achieve it strategic
objective, and drive performance culture that will align all processes
and systems to deliver high impact results. The SVP will provide
effective leadership and exceptional coordination to ensure
implementation and monitoring of key corporate decisions as well as the
identification of necessary corrective measures and actions. The SVP
will lead senior management discussions, decisions-making process and
the implementation of key board and management decisions.
THE HIRING DEPARTMENT/DIVISION:
The
Director, Special Operations to be housed under the SVP to support the
President and SVP on important time-bound projects that are complex and
critical and need coordination across multiple complexes.
THE POSITION:
The
Bank’s Board of Directors have approved the Development and Business
Delivery Model (DBDM) for scaling up the Bank’s operations and meeting
its Ten Year Strategy through the High5s. Following this, the five
Strategies for implementing the High5s have either already been approved
or are awaiting approval by the Board. In addition, the Bank launched a
New Deal on Energy and the Board also recently approved the proposal
for updating the Bank’s Decentralisation Action Plan in support of the
DBDM. In order to ensure the successful implementation of these
initiatives, the President announced the establishment of a Transition
Management Team (TMT) and the Delivery and Accountability and Process
Efficiency Committee (DAPEC). With the return of the Bank to its
Headquarters, there is a need for the strategic implementation of a
world-class facilities plan that is fit for the Bank’s purpose.
Given
these strategic and critical organizational initiatives and projects,
the Director Special Operations, will be responsible for cross-Complex
project management, strategic planning, and implementation support as
assigned by the Senior Vice President (SVP) and/or the President (PRST).
The position is housed in the office of the Senior Vice President.
DUTIES AND RESPONSIBILITIES
Responsible
for coordinating the implementation of special projects and strategic
initiatives, emanating from the transformative agenda for Africa and the
High 5’s as determined by the SVP and President.
Lead selected
special projects that require cross-functional engagement with key
units/staff across the organization, and with external stakeholders, as
appropriate.
Proactively identify and engage individual
organizational units or experts, as well as informational resources that
can help frame and advance the achievement of the special projects and
initiatives
Provide thought leadership on whether the Bank can play a
meaningful role in advancing its interests on key trends or emerging
issues resulting from working on such initiatives.
Lead cross-departmental Working Groups that will ensure the delivery of business process efficiencies across the Bank.
Provide
staff support to the Senior Vice President and the President for the
convening of a range of high level meetings relating to the
transformative agenda for Africa.
Other duties as assigned by the Senior Vice President or President.
SELECTION CRITERIA
Including desirable skills, knowledge and experience
Hold
at least a Master’s degree (or its equivalent) in Economics, Finance,
Business Administration, Social Sciences or related disciplines.
Have a minimum of ten (10) years of extensive work experience in operations policy development.
Track record of thinking conceptually and mastering complex subject matters quickly.
Strong
organizational skills and demonstrated capacity to develop and
implement practical strategies, plans, and solutions to identified
issues and problems.
Proven ability to assimilate information
gathered through research and consultations, to apply that information
in creative and cross-cutting ways, and to synthesize appropriate
strategies and responses.
Superior critical thinking skills,
including the capacity to identify and appropriately assess and order
competing interests and priorities.
Track record of taking
initiatives in managing competing organizational and departmental
priorities and to work effectively under pressure when facing extremely
short deadlines.
Exceptional research, writing, analytical and
organizational skills, and the ability to convey complex concepts in a
clear, concise and logical manner.
Good judgment, discretion, tact and the ability to work easily with senior leaders within the Bank, and business sectors.
Ability to partner well with colleagues both in and outside the Bank.
Ability to work independently and to undertake supervisory responsibilities as needed.
Excellent coordination skills and ability to converse easily with multi sectoral teams on complex assignments.
Excellent verbal and written communication skills in English and/or French, with a working knowledge of the other language.
Competence in the use of ERP Systems (preferably SAP) and standard MS office applications (Word, Excel, Access, PowerPoint).
TO APPLY
Click on Job Title below:
DIVISION MANAGER, CAPITAL MARKETS AND FINANCIAL OPERATIONS - FTRY1
DIRECTOR, SPECIAL OPERATIONS - SVP
DUE DATE: 11 December, 2016
Job Opportunities at the African Development Bank
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