Jobs at African Development Bank - AfDB

Position Number: 50070528
Position Grade: PL4

The Complex

• The Senior Vice-Presidency is responsible for supporting the President in the day-to-day management of the Bank Group to achieve its strategic objective and drive a performance culture that will align all processes and systems to deliver high-impact results.
• The Senior Vice-Presidency will provide effective leadership and exceptional coordination to ensure the implementation and monitoring of key corporate decisions as well as the identification of necessary corrective measures and actions.
• The Senior Vice-Presidency will lead Senior Management discussions, decision-making processes, and the implementation of Key Board and Management decisions.

The Hiring Department

• The primary role of the Programming and Budget Department is to develop a strategic approach to planning and budgeting and to coordinate the definition, planning, implementation, and monitoring of Bank-wide programming and budgeting processes.
• The Budget Execution Coordination Division is responsible for budget execution coordination support through the coordination of the work programme planning, budgeting, and resource management at the various complexes in close consultation with all stakeholders throughout the Budget cycle. It is also responsible for performance monitoring and reporting on the implementation of the work program and budget.
• It contributes to the development of Key Performance Indicators and provides quantitative and qualitative analyses of the Bank’s performance for information, control and decision-making. In addition, it is in charge of implementing capacity-building programs on budgeting and resource management.

The Position

• The primary role of the Principal Budget and Resource Management Coordinator is to monitor and to oversee the coordination of the Complex work program, to provide specialist advice and guidance on budget and resource management issues, and to promote capacity building among the clients including the Directors, Head of Units, Managers, Budget focal points and Staff. The Resource Management Coordinator will also work in partnership with clients to proactively seek to understand their business priorities to better guide them and implement a range of creative solutions that support the growth and development of the Bank in line with the strategic priorities.
• Working closely with the Vice-presidency front office(s) of the Complex(es), the Resource Management Coordinator’s main responsibility is to ensure efficient use of resources and effective delivery of the work program. To achieve this, working within the overall framework of the Budget Department, and engaging directly with the Complex, the incumbent is to:
• Ensure that: (i) the preparation and implementation of the Work Programme and Budget of the Complex is well coordinated, and (ii) the resources allocated to the Work Programme are aligned with the Bank’s strategic priorities and are executed consonant with those priorities and Bank guidelines and policies.
• Ensure that budget re-allocation and reprogramming proposals/ requests are based on substance, need, and are in conformity with Bank policies, priorities, and commitments.
• Enhance the knowledge and capacity of the Complex on budget preparation, spending and reporting procedures to ensure compliance with the budget management guidelines, principles, and international best practices.
• Strengthen the performance and accountability framework and culture (resource utilization and results).

Key Functions
Under the supervision and guidance of the Division Manager, Budget Execution Coordination, the Resource Management Coordinator will:

• Coordinate the preparation of administrative expenses and capital expenditure budgets within the Complex and ensure that timely inputs are provided for the three-year rolling plan and budget documents.
• Advise and fully participate in the work program and budget arbitration process in the Complex.
• Participate in Programming and Budget Department's periodic review of the regulatory framework and institutional governance of the Bank’s programming and budget processes and contribute to the improvement of budget processes and procedures.
• Work in close consultation with the Directors/ Head of Units, Managers, and Budget Focal Points, on a regular basis, to ensure the effective delivery of the Work Programme in line with the Bank’s strategy and institutional priorities.
• Coordinate with the Human Resources Management Department and oversee the preparation and updates of staffing plans by Departments and ensure the consistency of the Complex’s Staffing plan with its budget.
• Work in partnership with the Vice-President, Directors, and Managers to proactively understand business priorities and identify resources for their delivery.
• Ensure work programs and budgets are executed as planned to minimize the risk of non-delivery, and ensure major deviations from planned programs are duly explained.
• Conduct due diligence reviews on requests for budget transfer; ensure that they are approved by the relevant authority in accordance with the delegation of authority matrix and that they are executed.
• Regularly analyse the postings on budget internal orders of units in the complex in order to detect any anomalies, errors, and invalid commitments; and follow up for corrective action where required.
• During the year-end closing period: (i) liaise with the General Services and Procurement Department to ensure that all valid purchase requisitions are translated into purchase orders; (ii) ensure the proper carry-over of the committed appropriation for which no obligations are discharged. Subsequently, follow up with business units to ensure that all obligations carried over to the following year are settled before the end of June in line with the Bank’s regulations.
• Develop and implement the capacity building programmes throughout the Complex and Bank-wide on IT budgeting systems and tools, budget planning, resource management and monitoring in order to promote compliance with budget management principles, guidelines, and procedures, and better value for money.
• Lead and intensify communication on budget-related topics and issues at all levels throughout the Complex and ensure that issues requiring timely attention are identified and acted on promptly.
• Work with the Cost Accounting System team and organizational units in the complex to prescribe work breakdown structures, coordinate the timely submission of Activity Time Recording System inputs, the production of Activity Time Recording System reports and related analyses, and ensure the timely resolution of issues that impact upon the effective and efficient operation of Activity Time Recording System across the Complex.
• Promote utilization of Cost Accounting System reports in the Complex to drive efficiency and accountability, improve planning, and enhance cost-sharing processes.
• Advise on and contribute to the development of Key Performance Indicators and related targets for the Complex and ensure their consistency with overall Bank strategic Key Performance Indicators.
• Lead the preparation of monthly, and quarterly Key Performance Indicators reports for the assigned Cost centres and ensure their integration into various institutional reports prepared as required by Management and the Boards, as well as follow up on the implementation of recommendations in quarterly reports, independent reviews and audit reports insofar as they relate to budget and work program execution.

Competencies (Skills, Experience and Knowledge)

• Hold at least a Master's Degree in Business Administration, Finance, Accounting, Economics or related fields;
• Have a minimum of six (6) years of relevant work experience; previous exposure to international, multicultural contexts would be an asset, and having private sector experience would be an added advantage.
• Strong knowledge and experience of budget and work program implementation processes in organizations as the Bank.
• Capacity for conceptual and strategic analysis and good command of budget planning and management matters.
• Ability to disseminate knowledge and lead communications on budget preparation and management, and performance reporting.
• Strong negotiation skills, coupled with the ability to build partnerships.
• Having private sector experience will be an added advantage.
• Strong leadership, client orientation as well as team working skills.
• Capacity to diagnose and resolve multiple, concurrent problems as well as manage multiple, simultaneous, and shifting demands, priorities, and tight deadlines.
• 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 SAP or equivalent ERP Systems and standard MS Office applications (Word, Excel, Access, and PowerPoint).

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Position Number: 50092496
Position Grade: PL2

The Complex

• The Vice-Presidency for Regional Development, Integration and Business Delivery (RDVP) is responsible for operational relevance, efficiency and effectiveness of the Bank Group’s operational programs, and activities.
• The RDVP will ensure that the Bank operates successfully across its Regional Member Countries (RMCs) and 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 Complex (RDVP), the Bank has five (5) Regional Development, Integration and Business Delivery Directorates, one in each region of Africa: North, South, East, West, and Central.
• Each Regional Directorate 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 Directorates provide overall strategic direction to country offices within the regions and are responsible for the Bank’s operations, business development, project management and overall effective delivery of the Bank’s High 5s of Light up and Power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa.

The Position

• The Country Manager will lead the AfDB’s business development and delivery for sovereign, non-sovereign investment and provide advisory services in the assigned country.
• He/she will support the Bank’s teams in executing transactions, managing and expanding portfolios, and lead in executing projects and relevant work programs, inclusive of the Bank’s High 5 priority areas.
• H/she will establish and maintain strong relationships with business partners and high level in-country donors and representatives, as well as with governmental and non-governmental organizations, with the view of maximizing the development impact and effectiveness of the African Development Bank’s interventions, thus contributing to the overall development of the country, including the private sector.

Key Functions
Management of the Country Portfolio:

• Initiate and lead dialogue with Government and the private sector on systemic issues relating to portfolio management, to improve the performance and quality of Bank operations based on agreed result framework, which will be assessed using key performance indicators and targets.
• Identify and address cross-cutting and country specific portfolio issues, and advise the Country Team in the design, implementation, and supervision arrangements for the portfolio as well as new business development.
• Oversee all aspects of portfolio management, sovereign and non-sovereign, to ensure quality at entry and during implementation, including performance monitoring, in line with Bank corporate policies, strategies, guidelines and directives.
• Continuously reviewing country portfolio, country operations and work programs to ensure that it is aligned to the implementation of the new Business Development and Delivery Model.
• Initiate and support resource mobilization in the country and follow up on related works, including counter-part contributions, co-financing opportunities, as well as Country Policy and Institutional Assessments.

Relationship Management:

• Manage and develop relationships with key clients (governments, central and local authorities, and private actors) at the highest level of seniority and position the African Development Bank (AfDB) as the partner of choice to support high development impact operations in the country. Build relationships with key stakeholders (including relevant regulators, businesses, NGOs, and institutional and private investors).
• Develop and maintain strong relationships with sector departments to originate, process and manage an expanding pipeline of high-quality investments, and support proactive and strategic economic and sector work as well as portfolio development and management, to meet the AfDB's targeted objectives.
• Ensuring diplomatic tact and respect for due protocol, especially when it comes to dealing with the host country’s authorities and protecting the Bank’s reputation and image in the country.

Development of Strategy:

• Develop and implement, in consultation with the Director General, an integrated investment and advisory support strategy for the AfDB’s activities, including country priorities and business targets for key industry groups, and key engagements, with a particular focus on High 5s and other high impact projects aligned with the Bank’s strategy to support the country’s development efforts.
• Lead/coordinate capacity building, to enable the country to engage with key actors involved in the country’s sustainable, inclusive, and green development.
• Assess and provide advice to the Bank and to the Country with a special focus on addressing Fragility situation as appropriate and supporting climate resilient development in the country.
• Support the alignment of the country strategy to the Bank’s High 5 priorities.

Fragility Assessment:

• Conduct fragility assessments as per business requirement.
• Ensure the fragility lens is being applied in the design and implementation of the Bank Group operations in the country.

Identify opportunities:

• Identify areas where the Bank can catalyze sustainable, inclusive, and green development through innovation based on a thorough understanding of local markets and leading practices from the Bank’s international experience, as well as draw on the expertise of similar development partners especially in terms of conducting dialogue with authorities, resource mobilization, and co-financing opportunities.
• Develop knowledge to ensure that the AfDB is effectively working closely and coordinating with appropriate stakeholders within the country. Develop and maintain relationships with these stakeholders and identify business opportunities taking into account the AfDB's strategy, comparative advantage and operational policies, instruments, procedures and products.
• Identify and initiate opportunities directly linked to the Banks High 5 areas.

Country Office Management:

• Lead, manage, develop, and mentor performance of country office by ensuring that the team is high performing, well-motivated, innovative, well-trained; have clear deliverables and remain highly committed to the success of ADB in the country.
• Supervise staff in the country office and undertake staff development and performance evaluation. For sector experts, evaluation shall be done jointly by the Country Manager and the relevant Sector Department.
• Prepare, supervise, and manage implementation of the country office 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 (ATRS) to the Cost Accounting System (CAS) of the Bank.
• Liaise and work closely with other department staff on issues such as audits of the country office, human resources, pipeline development in the Strategic Resources Assessment Software (SRAS), portfolio management in the Bank wide Program Processing Schedule (BPPS) and asset management (TCGS) and IT issues (TCIS).
• Championing the Complex / Regional mandate and purpose – providing a direct and indirect operational support that will contribute to the regional output and mandate in assigned Country.
• External communication - Develop locally the AfDB's 'brand', building on the brand and the overall communications strategy, including engaging with civil society, non-government organizations as well as the local media.
• AfDB Visibility - Represent and provide visibility for and including through organizing/participating in high profile events (Senior level visits, interviews, seminars, business events and conferences).
• Quality Management – Focus on ensuring quality and performance of the country portfolio; Ensure all reports and submissions are timely and of high quality; work jointly with relevant country teams and managers to meet Key Performance Indicator (KPI) assigned targets.
• Play a key role and advise the Country Team on economic, political, social, and other developments relevant to the Bank’s operations in the country.

Competencies (Skills, Experience, and Knowledge)

• Minimum of a Master's Degree in Business Administration, International Relations, Political Sciences, Economics, or another relevant field.
• A minimum of eight (8) years of extensive and progressive experience in country program operations in an international organization, including preferably three (3) years at a managerial or supervisory level.
• Working experience in a transition state, formerly known as a fragile state, would be an advantage.
• Extensive experience in macroeconomic management, particularly public finance and debt management, is essential.
• Portfolio management experience and expertise as an economist would be an asset and a track record in Business Development and delivery a clear advantage.
• Solid knowledge and good grasp of the political economy, as well as the socio-economic and development issues in Africa specifically in the region of assignment.
• Excellent analytical skills, strong capacity to analyze actions from the perspectives of stakeholders and translate strategic thinking into compelling plan of action.
• High degree of personal commitment, interpersonal skills with proven communication, leadership, management, people 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.
• Demonstrated leadership in conducting country dialogue with other development partners, especially on the core areas of the Delivery and Business Development Model (DBDM) where the Bank has comparative advantage.
• Excellent communication and presentation skills in French and/or English, with working knowledge of the other language.
• Competence in the use of standard Microsoft Office Suite applications and preferably, SAP.

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Position Number: 50000814
Position Grade: PL3

The Complex

• The core mandate of the Economic Governance and Knowledge Management Vice Presidency (ECVP) is to lead the Bank Group in prioritizing the generation, analysis, dissemination, brokering, and implementation of relevant knowledge solutions in all High-5 operational priorities and the cross-cutting themes of its Ten-Year Strategy. Such solutions must be a clear response to priority development challenges facing regional member countries (RMCs), individually or collectively, and need to involve RMCs in both the planning and implementation of the solutions.
• The key focus areas include (i) research on major development issues facing Africa and their relation to global economic governance and other major global public goods; (ii) country diagnostics and future perspectives; (iii) policy dialogue and advisory services; (iv) economic, sector, and thematic knowledge work; (v) improving national and sub-regional statistical systems; (vi) preparation, design, and support to the implementation of public financial management and Governance operations; (vii) capacity development for policy formulation and implementation; (viii) technical assistance and advice related to RMCs’ management of natural resources; and (vii) knowledge dissemination and development of national, regional, and inter regional knowledge networks.

The Hiring Department / Division

• The African Development Institute (ECAD) is the Bank Group’s focal point for institutional capacity development support to regional member countries (PMCs). It also coordinates and oversees capacity development in the Bank Group and champion the Bank’s capacity development interventions (training, technical assistance and policy dialogue) in the RMCs for enhanced development effectiveness.
• The Department leads the Bank’s implementation of several flagship capacity development initiatives, including the Institutional Capacity and Fiduciary Clinics (ICFCs), Public Finance Management Academy for Africa (PFMA), Macro-economic Policy Management Academy for Africa (MEMA), the Bank’s Global Community of Practice Policy  Dialogue; the Kofi Annan Eminent Speakers Lecture Series (ESLS); and the Public Service delivery Index for Africa (PSDI), Country Capacity Development Needs Assessments (CCDNAs), Country Capacity Diagnostic Notes (CCDNs), among others.
• The Department comprises of three Divisions – (i) Program Development Division (ECAD.1); Policy Management Division (ECAD.2); and (iii) Knowledge Management and Information services Division (ECAD.3), each led by a manager who reports to the Director.
• The Division of Programme Development (ECAD.1) supports programme quality and project cycle management effectiveness by providing capacity development mainstreaming and advisory services to Bank operations; capacity development diagnostics and analytical tools; and capacity building activities in support of country portfolio performance enhancement.  

The Position

• The Chief Capacity Development Officer, ECAD1, will play an active role in the day-to-day delivery of the Department’s mandate, ensuring that high-quality standards are met, and collaborating with the staff of ECAD and other Bank Units as well as external partners to promote capacity development in Africa.
• The successful candidate will play a leading role in the implementation of the Bank’s Capacity Development Strategy (CDS) by strengthening the capacity of regional member countries (RMCs) to effectively design and implement their development programmes and projects, leveraging capacity development analytical tools, supply outcomes and knowledge to ensure quality at entry, during implementation and at completion, to achieve development effectiveness.

Specifically, the Chief Capacity Development Officer will be responsible for the following roles:

• Lead capacity development mainstreaming effort in Bank programmes and projects from the design stage to completion.
• Lead, design, and support the preparation, delivery, and evaluation of ICFCs in all RMCs.
• Lead, design, and produce capacity development analytical tools and country capacity needs assessment reports.
• Build country capacity development programmes, drawing on capacity needs assessment results.
• Advise ECAD Management and Bank Senior Management on the design and delivery of quality capacity development improvement measures for improved development effectiveness in the RMCs.
• Foster relationships with external (bilateral and multilateral) clients as well as regional and national institutions with a view to enhancing support for implementation and harmonization of capacity development initiatives.
•  Oversee resource mobilization and utilization in the Division and across the Department, for efficient delivery of planned activities, including addressing emerging capacity development needs in the RMCs.

Key Functions
Under the supervision and guidance of the Manager, Program Development Division (ECAD1), the Chief Capacity Development officer will:

• Provide the Bank with Capacity Development assessment, guidance and evaluation tools for use along the Bank’s operational business cycle.
• Provide intellectual leadership to improve capacity development effectiveness in RMCs, by leading the drafting of concept notes, making presentations, drafting policy briefs, and undertaking appropriate analysis based on outcomes of the Seminars, etc.
• Deliver capacity development analysis to support programme and project design quality and implementation effectiveness.
• Design, deliver, assess, and evaluate ICFCs in support of portfolio enhancements in RMCs.
• Design and deliver the CCDNs and CCDNAs to inform the design of tailored, country-specific, and context-focused capacity development initiatives for RMCs.
• Review the Bank’s core policy, strategy, and operational documents to ensure capacity development integration in the Bank operations, by providing useful comments based on good judgment.
• Organize policy dialogues on capacity development to engage the RMCs in sustaining the catalytic role of capacity in development effectiveness.
• Oversee capacity development data management and contribute to capacity development impact evaluation, focusing on the Bank Group’s Capacity Development Strategy.
• Coordinate the preparation of annual Capacity Development Report covering the division’s workstreams.
• Prepare monthly and quarterly Capacity Development briefs to inform ECAD Director, ECVP complex and Senior Leadership of the Bank of emerging developments and best practices in capacity development issues.
• Oversee the preparation of the African Development Institute’s input into the Bank Group’s Annual Report.
• Support knowledge leverage, dissemination, and outreach within the Bank and in the regional member countries, for increased ownership and development effectiveness.
• Produce and contribute to producing high-quality capacity development and other knowledge products for publication on the G-CoP knowledge series and other platforms that include those of the Bank and externally.
• Advise the Management of the African Development Institute on the design and implementation of quality and impactful capacity development initiatives and measures for improved development effectiveness in the Regional Member Countries.
• Collaborate with internal and external stakeholders to reflect capacity development priorities in the design of capacity development activities.
• Represent the Bank at High-level Capacity Development fora, to foster and enhance alignment and harmonization of capacity development approach and delivery.
• Supervise consultants’ activities and mentor colleagues to ensure effective delivery of the work program and key performance indicators of the Division’s work.
• Represent the ECAD Director and ECAD.1 Division Manager in meetings, upon request.
• Undertake any other duties as may be requested by ECAD Director and ECAD.1 Division Manager.

Competencies (Skills, Experience, and Knowledge)

• Hold at minimum a Master's Degree in Development Economics, Public Administration, Public Policy, Governance / Political Science, Law, or any area of the Bank’s High Fives, with top-notch experience in addressing development challenges, especially in African countries, preferably gained in diverse bilateral and multilateral development agencies. A PhD in the above-mentioned areas would be an added advantage.
• Have a minimum of seven (7) years of relevant work experience in programme and project development, capacity development management, with strong professional practice of results-based programme and project cycle management, design of analytical reports, knowledge harnessing in the RMCs, etc. Strong experience in the development and delivery of development policies, programmes and operations in the RMCs is a must.
• Proven experience in designing and implementing strategies and implementation tools.
• Strategic mindset and strong capacity to build and manage strategic partnerships with a results-oriented mindset.
• Strong experience and proven track record in the design and delivery of capacity development tools, public policy analyses, and/or capacity development in international development settings, especially in Africa.
• Strong ability to translate development challenges into knowledge and leverage challenges and opportunities for formulation of effective capacity development initiatives.
• Good knowledge of andragogy and proven experience in curriculum development or design of training programmes and modules.
• Proven ability to build and lead a team in an interdisciplinary, multicultural and multilingual environment, with excellent team spirit, valuing mutual respect as well as regular and open communication.
• Proven track record resource in resource mobilization ability to support project and program implementation, through successful collaboration with external donors and the Resource Mobilization and Partnership Unit to identify bilateral sources of funds and alternative sources of financing initiatives not budgeted.
• Experience working with international, regional and/or national capacity development institutions to deepen and expand the scope of capacity development activities in the RMCs.
• Experience in managing trainings in collaboration with external partners and other relevant staff members across the Bank is an asset.
• Experience in managing institutional support grants involving the RMCs or regional institutions in Africa.
• Demonstrated contribution to the Bank’s core policy, strategy and operational documents or similar tasks in peer organization.
• Contribution to the drafting of the African Economic Outlook and participation in relevant peer review meetings is an advantage.
• Superior monitoring and evaluation abilities combined with strong analytical and negotiation skills.
• 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 applications and SAP.

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Position Number: 50092459
Position Grade: PL2

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.

Key Functions
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 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 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; supervise 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 the recommendations of the working groups.
• Supervise the credit analysis process by ensuring that specific issuers/counterparties are assessed to ensure their creditworthiness.
• 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 line 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.
• 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.
• 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.

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.
• 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.
• 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.
• Perform other duties as assigned by supervisors.

Competencies (Skills, Experience and Knowledge)

• Hold at least a Master's Degree 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.
• 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 in managing a team of portfolio managers and/or traders.
• Strong knowledge and understanding of financial instruments, particularly bonds, structured products, derivatives, and risk management concepts.
• Ability to demonstrate 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.
• 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.