Chief Portfolio Management Officer - PINS2 at African Development Bank - AfDB

Reference: ADB/18/067
Location: Côte d’Ivoire
Grade: PL3
Position N°: 50050525

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 (i) strengthen the enabling environment for private sector [and financial sector] development conducive to inclusive growth and sustainable development, (ii) support the development of reliable and sustainable infrastructure, including cities and urban development, and (iii) 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

• For effective and harmonized Private Sector Operations performed by the 5 sectoral departments of the Bank (Energy, Infrastructure, Industry and Trade, Agriculture and Social Services, Financial services) a Central  Support Department for NSOs-related activities (PINS) was recently put in place.
• The primary role of PINS is to: (i) assist Sector Departments to efficiently design and monitor NSOs in line with the best market practices and consistent with the Bank’s related Strategies, Policies and Guidelines (ii) manage the Bank’s corporate NSO portfolio and provide shared services to other NSO departments.

The Position

• The Chief Portfolio Officer is responsible for the Portfolio Management (corporate wide and for all asset classes). He/she provides support to NSO Departments for project monitor and supervision as part of the shared services of PINS.
• The incumbent leads and oversees the work performed by portfolio officers.  He/she also represent the Department in Credit Risk Committee, Country Teams and other committees/task forces in charge of NSO portfolio management related matters.

Duties and Responsibilities

• Under the supervision of the Division Manager, the Chief portfolio management officer will perform the following duties:
• Provide technical expertise and advisory services in the implementation and monitoring of the projects, lead project restructuring activities as well as waivers
• Develop and update regularly manuals and standards templates used in the NSO  supervision, monitoring of NSO projects
• Lead and coordinate the preparation of the periodic corporate portfolio review reports for onwards submission to Senior Management
• Monitor the impact of the operating environment on projects under implementation and alert on the potential risk that might arise.
• Monitor the adequacy of the level of provisions for the non-sovereign portfolio and recommending its adjustment as necessary
• Lead analytical work  on portfolio trends, drivers of investment returns and draws lessons from the portfolio analysis
• Monitor performance of portfolio with particular focus on Non-Performing loans and prepare recommendations for Senior Management’s consideration
• Represent the Division Manager in various Committees (ALCO, CRC, Country Teams, OPSCOM, etc.) on issues related to NS portfolio Management.
• Develop medium- and long-term strategies and action plans to improve quality of NSO Corporate Portfolio.

Selection Criteria
Including desirable skills, knowledge and experience:

• Hold at least a Master degree or its equivalent in Business, Finance or Economics.
• Have a minimum of seven (7) years of relevant experience in corporate portfolio management
• Comprehensive state-of-the-art understanding of private sector investment and portfolio management techniques.
• On-hand exposure to financial and econometric analysis with strong command of statistical and econometric tools.
• Good knowledge of relevant strategies, policies, procedures and practices of development finance institutions will be an added advantage
• Ability to effectively plan, direct, organize and administer diverse activities, to ensure effective delivery of work program.
• Ability to communicate effectively (written and oral) in English or French, with a working knowledge of the other.
• Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint).