Financial Sector Investment Analyst at African Development Bank - AfDB

Position Number: 50078606
Location: Abidjan, Cote d'Ivoire
Position Grade: PL6

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 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
The Investment Analyst will be responsible for collecting and disseminating accurate data and knowledge work for Senior Management. The purpose of the job is as follows:

• Provide analysis for Senior Management including: Lending, Work program, non-lending activities and portfolio analysis.
• Provide Financial sector inputs for the preparation of the FS strategy
• Assist with financial sector input in the preparation of internal report for Senior Management
• Support the origination and co-lead the due diligence approval and financial closure of Financial Sector projects as well as provide technical support and inputs to diverse areas.
• co-lead the implementation of projects and investments to ensure portfolio investments are undertaken with adherence to project legal documents including the Common Terms Agreement.

Key Functions
Analysis and Portfolio Supervision:

• Provide weekly analysis on the work program, portfolio monitoring, and KPIs achievement.
• Provide support in the development of the Financial Sector Portfolio management strategy, and assist in execution of this strategy
• Co-lead Financial sector supervision duty and seek internal approval for further processing (disbursement, closure, waivers, restructuring requiring approval from committee etc.)
• Prepare consolidated reports on the of the financial sector portfolio for Management information that will drive strategic investment decision,
• Assist with financial sector input in the preparation of internal report for Senior Management

Project Development and Processing:

• Liaise and coordinate with other Bank staff in the origination of a good quality investment pipeline for the Bank’s financial sector department
• Build and maintain strong relationships with other departments, clients, banking and multilateral partners and government officials to develop specific investment opportunities;
• Undertake, coordinate and manage the necessary due diligence, financial modelling, risk analysis and mitigation in the structuring of Bank instruments
• Prepare project reports for presentation to the department, review committees, senior management and finally to the Board of Directors.
• Coordinate with sector colleagues, the internal approvals to proactively find pragmatic solutions to emerging/specific sector challenges.
• Work with legal department to ensure that all deals have appropriate legal documentation and that financial close is achieved, and hand over projects to portfolio management staff.
• External Liaison and Knowledge Sharing
• Nurture and build relationships with FIs including banks, equity funds, DFIs, MFIs and other financial sector actors in the region and beyond as well as with other relevant development partners, investors and government authorities and entities.
• Contribute to the documentation of lessons learned from Financial Sector operations and emerging best practices in areas of expertise
• Provide peer review to other colleagues to share industry knowledge and information on financial sector

Competencies (Skills, Experience and Knowledge)

• The candidate should have at least a Master’s Degree or equivalent, in business administration, accounting, finance, or related fields.
• Experience in MDB’s project life cycle
• Excellent modelling and analysis skills.

Technical:

• Thorough understanding with financial services institutions, capital markets and treasury products
• Multi-disciplinary strategic orientation experiences, business awareness and ability to develop action oriented plans
• Ability to communicate complex ideas clearly and tactfully to a variety of audiences within and outside the AfDB;
• Familiarity with portfolio management concepts and the analytical tools needed to perform the required analysis;
• Experience in credit risk, risk rating methodologies, risk management frameworks, and relevant risk-related policies;
• Strong analytical and creative problem solving skills;
• Demonstrated ability to undertake comprehensive due diligence including financial analysis of financial institutions, such as banks, non-bank financial institutions and private equity funds;
• Ability to communicate effectively in both written and spoken English or French with a good working knowledge of the other language.
• Competence with: i) standard MS Office software, ii) VBA, R, Matlab iii) Database software: MySQL.

Behavioural:

• Ability to contribute to sound decisions and contribute to the execution of the decisions
• Excellent problem solving capabilities, applies business knowledge to the resolution of problems and identifies solutions to the benefit of the client (internal and external) and the organization.
• Excellent organizational, administrative, and time management skills
• Proven ability to work with limited supervision and efficiently to deliver under pressure and meet tight deadlines;
• Willingness to travel extensively and geographic flexibility;
• Excellent presentation skills.