Senior Investment Officer - FTRY.3 at African Development Bank - AfDB

Objectives
The role of the Investment and Trading Room Division (FTRY.3) is to manage all the Bank Group’s Treasury assets with the objective of capital preservation, liquidity maintenance and profitability in accordance with the Bank Group’s Asset-Liability Management (ALM) Guidelines. Currently, Treasury manages approximately USD 18 Billion of funds in the Special Drawing Rights (SDR) component currencies (US dollar, Japanese Yen, Pounds Sterling and Euro) and the South African Rand for several entities and accounts comprising the African Development Bank Group, notably: the African Development Bank (ADB), the African Development Fund (ADF), the Nigeria Trust Fund (NTF), the Heavily Indebted Poor Countries (HIPC) Initiative, etc.

Duties and Responsibilities
Under the supervision of the Division Manager, FTRY.3, the incumbent will carry out the following functions:

• Manage the Bank’s assets in its liquid currencies versus the specific benchmark(s) or fixed liability schedule with the objective of capital preservation, liquidity maintenance and profitability in accordance with the Investment Guidelines of the specific funds;
• Determine the optimal asset allocation to maximize risk-adjusted returns through the recommendation and implementation of investment products and trading strategies;
• Formulate and implement investment strategies, closely monitoring market, economic and political developments, performing credit and scenario analysis and testing investment decisions and strategies to assess their potential impact on the Bank's liquid assets;
• Monitor and control the risk exposure of the portfolios and manage them within the Bank's investment guidelines and risk parameters. Propose and implement hedging strategies, via the use of derivatives;
• Supervise the portfolio valuation process and perform portfolio analysis, including portfolio performance attribution analysis in liaison with the Risk Management with regard to the verification of such data;
• Lead projects to introduce new financial products to enhance portfolio returns;
• Maintain and manage professional relationships with investment community, dealer counterparties, central banks and other professionals operating in financial markets.
• Actively seek to establish new market contacts and ensure that the investment team can access all relevant markets at any time;
• Provide advisory services and technical assistance to African Central Banks and other financial institutions on fixed income investment management;
• Make proposals in order to review the Bank Group’s investment management framework, financial policies, guidelines, benchmarks and procedures. Actively participate in the Asset Liability Committee (ALCO) Working Groups;
• Supervise prompt and efficient placement of time deposits and execution of Foreign Exchange transactions;
• Supervise production of all Treasury’s Investment reports (Weekly Market Focus, Monthly, Quarterly Report) presenting performance results and market developments.

Selection Criteria
Including desirable Skills, Knowledge and Experience:

• A minimum of a Master's Degree (or its equivalent) in Finance, Economics, Mathematics, Statistics or another relevant quantitative discipline or a relevant professional certification such as Chartered Financial Analyst (CFA);
• A minimum of five (5) years of relevant and practical experience in International Capital Markets, with a particular focus on fixed income portfolio management;
• Strong knowledge and understanding of financial instruments, particularly bonds, structured products, derivatives, and risk management concepts;
• Proven credit analysis and financial modelling skills;
• Ability to pre-empt market movements, with good forecasting capabilities and techniques;
• Experience in dealing in fast paced environment and under stress;
• Familiarity with Treasury systems such as Bloomberg, Summit and Numerix;
• Ability to work as a team player with excellent interpersonal skills;
• Command of standard computer software applications such as Word, Excel, PowerPoint;
• Communicate and write effectively in French and/or English. A good working knowledge of the other language is desirable.