Principal Treasury Officer, FITR at African Development Bank - AfDB

Reference: ADB / 21 / 013 / 2
Location: Abidjan, Cote d’Ivoire
Grade: PL4
Position N°: 50093714

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 role of the Capital Markets and Financial Operations Division is to:  (1) Raise cost effective resources from the capital markets; (2) Contribute to the Capital Increases process and administer the subscriptions of shareholders to the capital of the African Development Bank; and (3) Contribute to the African Development Fund replenishment negotiations and administer the subscriptions of donors to the African Development Fund and Multilateral Debt Relief Initiative.

The Position

• Under the supervision of the Division Manager, Capital Markets & Subscriptions, the Principal Treasury Officer contributes to the strategy and implementation and execution of the African Development Bank’s annual borrowing program, the management of subscriptions to the capital of the Bank, the African Development Fund and the Multilateral Debt Relief Initiative, technical discussions related to the Bank’s capital increases, replenishments of African Development Fund, rating reviews and financial policies.

Duties and Responsibilities
The Principal Treasury Officer will carry out the following functions:

• Implementation of the borrowing program and management of liabilities:
  • Identify and develop strategies for relevant products or markets
  • Supervise or Participate in all stages of the borrowing process
  • Prepare or contribute to the annual borrowing program
  • Monitor bond markets through various information sources including Bloomberg
  • Manage relationships with banks and maintain constant flow of discussions on bond market developments and a proactive and comprehensive coverage across markets and instruments
  • Participate and/or design issuance strategy in various markets
  • Draft, negotiate and finalize the technical documents required to launch new bond issues
  • Source, analyze, price, negotiate and execute borrowing, derivatives, buyback trades and other liability management transactions
  • Participate in the investors relations program to deepen and widen the Bank’s investor base, updating them on the Bank’s credit story
  • Update or Contribute to the update of the Bank’s borrowing documentation including the GDIF and GIS
• Administer resources and subscriptions of the African Development Bank, African Development Fund and Multilateral Debt Relief Initiative:
  • Provide advice to the Manager on issues related to the administration of subscriptions
  • Draft and prepare technical papers
  • Review and control documents related to the implementation of the African Development Bank, African Development Fund resolutions and Multilateral Debt Relief Initiative
  • Advise shareholders and internal parties on key issues related to their subscriptions
  • Implement the relevant resolutions of capital increases, African Development Fund replenishments and Multilateral Debt Relief Initiative
  • Work on the improvement / establishment of automated systems for the management of subscriptions and contributions
  • Administrative management of subscriptions, contributions, payments and encashment
  • Prepare the voting powers
  • Prepare financial notes, briefs and status reports
• Participate in the Bank’s credit rating review process
• Contribute to the annual rating review process with Credit Rating Agencies
• Participate in the review of the Bank’s financial policies:
  • Provide advice to the Manager on issues pertaining to financial policies
  • Participate in the review the Bank’s financial policies
  • Participate in the restructuring of the Bank’s balance sheet, discussions on the introduction of new lending instruments and the allocation of debt to pools of assets
• Prepare the Bank’s Financial Presentation booklet
• Prepare the administrative hedge of the Bank’s capital
• Perform other duties assigned by the Division Manager.

Selection Criteria

• Hold at least a Master's degree in Finance, Business Administration, Economics, Statistics or a related quantitative discipline.
• Professional certification such as Chartered Financial Analyst (CFA) or ICMA is an advantage
• Have a minimum of six (6) years of professional experience in the international Capital Markets, with a special emphasis on bond issuance. Practical experience of managing global bonds and /or public bonds issuance process and using derivatives for hedging purposes.
• Solid knowledge and experience of capital markets, including structured products, derivatives, market rules and regulations, financial markets skills, and risk management concepts.
• Ability to write clear, convincing and well-structured business documents and reports in English and/or French
• Ability to work effectively with individuals of different views, culture, nationality, gender and age
• Ability to cope with multiple demands and competing priorities
• Ability to bring together people with complementary skills to ensure project’s success
• Ability to take ownership for projects and ensuring that output is of the highest quality and delivered in a timely manner
• Command of standard computer software applications such as Word, Excel, PowerPoint
• Knowledge of Bloomberg, Summit/Numerix would be an advantage
• Ability to communicate effectively (written and oral) in English or French preferably with a working knowledge of the other language.