Job Openings at African Development Bank - AfDB

Position Number: 50108927

The Complex

• The Vice-Presidency for ‘Agriculture, Human, and Social Development’ is a Sector Complex focusing on two of the Bank’s Ten-Year Strategy High 5s priority of “Feed Africa” and “Improve Quality of Life for the People of Africa”.
• The Complex comprises five departments: (i) Agriculture and Agro-Industry Development; (ii) Agriculture Finance and Rural Development; (iii) Gender, Women and Civil Society; (iv) Water Development and Sanitation; and, (v) Human Capital, Youth and Skills Development.

The Hiring Department / Unit

• The Department of Agriculture and Agroindustry (AHAI) of AFDB has the responsibility of the 2nd priority of Bank’s TYS High 5s, which is called “Feed Africa”, the Strategy for agricultural transformation, aiming at allowing the continent to become a net food exporting region while using industrialization to add value to process foods and exports commodities; to help to end extreme poverty, and eliminate malnutrition.
• The Africa Fertilizer Financing Mechanism (AFFM) is a special fund established by the African Union member states during the 2006 African Green Revolution Summit in Abuja. The AFFM is and managed by the African Development Bank, housed within AHAI Department.
• The overall objective of the AFFM is to improve agricultural productivity by providing the financing required to boost fertilizer use in Africa to achieve the target of 50 kg of nutrients per hectare, as mandated by the Abuja Declaration.
• The AFFM developed its 2022-2028 Strategic Plan, designed around three strategic pillars (i) Strengthening the fertilizer sector through access to finance; (ii) Supporting the development of viable policy reforms to improve production, trade and utilization of fertilizer; and (iii) Facilitating smallholder farmers’ access to inputs and technical assistance.

The Position

• The Principal Fertilizer Officer contribute to the development and implementation of effective fertilizer strategies that will improve agricultural productivity and food security across the African continent.
• As part of AFFM secretariat, the staff will be supported by the Bank’s relevant Divisions at the headquarters and at the country level.

Key Functions
The specific responsibilities include, but not limited to:

• Assist in designing suitable strategies for the achievement of AFFM main goal to improve agricultural productivity by providing financing required to boost fertilizer use in Africa;
• Work with the relevant departments of the Bank to structure fertilizer financing deals for new or existing entrant into fertilizer manufacturing on the continent;  
• Contribute to the identification, development and strengthening of linkages between fertilizer private sector, commercial banks and AfDB, with the purpose to secure fertilizer sector financing needs; 
• Facilitate market driven linkages between fertilizer importers, agro-dealers, retailers and smallholder farmers in target countries; 
• Identify and advise on required AFFM support to build up fertilizer value chain knowledge for viable production, blending, importation, and distribution of fertilizer throughout the continent; 
• Stay at the forefront of regulations and policies surrounding the fertilizer sector throughout Africa to identify trends, opportunities, and challenges in the fertilizer sector;  
• Lead project development and strategic support in a wide variety of areas, including value chain development, upgrading strategies, improving access to agricultural inputs, extension services, capacity building, and mobilizing required resources; 
• Participate actively as task manager and/or member of project team, in all the activities of project cycle (identification, preparation and appraisal); collect relevant information and data, with a view to carrying out the analysis of the project; 
• Follow up on projects implementation of fertilizer projects and programs to ensure they meet their objectives and deliver expected results with a particular emphasis on fertilizer manufacturing, importation, blending, distribution, and use; 
• Assist the Coordinator in establishing a results-based monitoring and evaluation system for projects that tracks, in a timely manner, improvements in fertilizer supply, demand and use against AFFM’s annual and medium-term plans, and ensure consistency for the services provided to countries and companies; 
• Assist project’s implementation partners in delivering the results of projects as per the key performances indicators and benchmarks on impacts, outcomes and outputs set out in the project’s Result Based Logical Framework; 
• Contribute to the preparation of AFFM documentation aiming at raising awareness about AFFM goals and objective, strategies, approaches, success and others;
• Contribute to the development and implementation of the AFFM annual work program, and to periodic reporting for the mechanism; 
• Undertake any other assignment relevant to the successful implementation and performance of the AFFM. 

Competencies (Skills, Experience and Knowledge)

• A minimum of a Master's Degree in Agro-economics, Agribusiness, or any other related field;
• Have a minimum of six (6) years relevant professional experience with fertilizer sector; 
• Extensive experience with demonstrated knowledge of designing and implementing investment projects, particularly within the fertilizer value chain; 
• Experience in banking systems, particularly in agricultural financing;
• The candidate must have ability to build partnerships, possess experience working with Government and non-government organizations, development agencies, with a good understanding of key players in the fertilizer sector of Africa;
• S/He must be familiar with the fertilizer policy and regulatory frameworks related issues, and must have strong demonstrable experience working with fertilizer value chains in Africa;
• The candidate must have Strong analytical skills and ability to interpret complex data and information
• Communicate and write effectively in French or English, with a good working knowledge of the other language , ability to use both will constitute an added advantage.
• Ability to work independently, to be creative and innovative.
• Demonstrated Integrity and ability to work in team.
• Proficiency in the use of standard Microsoft software, especially MS Office;

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Position Number: 50064596

The Complex

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

The Hiring Department

• The SNVP supervises the Fiduciary and Inspection Department (SNFI), which acts as the custodian of the procurement (including procurement for private and public partnership) and financial management (FM) profession, and has the following responsibilities for its functions:
  • Developing and interpreting policy, strategy and related guidance notes and manuals;
  • Preparing annual post review reports on the Bank’s FM and procurement operations for the Board;
  • Developing training strategy for internal and external clients;
  • And dialoguing with external and global partners with a view to building partnerships and fostering harmonization;
  • Providing the secretariat for the Procurement Review Committee (PRC); and
  • Inspecting and reporting on the performance of procurement and FM activities undertaken by the regions.
• The Principal Procurement Operations Officer is responsible to ensuring that the project procurement activities financed by the Bank are compliant with the Bank’s procurement policy. 
• This is done by advising on procurement arrangements and reviewing procurement decisions within the project/program operations cycle from the identification to completion stages.
• The incumbent also contributes to the preparation of the Bank’s Country Strategy Paper, and to building procurement capacity of Borrowers which includes training of Borrower staff, advising on project related procurement matters, and assessing and strengthening the Borrower’s procurement systems.
• The Principal Procurement Operations Officer reports administratively to the Country Manager, Senegal Country Office (COSN) and functionally to the Division Manager - Procurement (SNFI.1).

Key Functions
Under the direct technical supervision of the Regional Procurement Coordinator, the Principal Procurement Operations Officer will in his/her duty station:

• Advise the various Sector Divisions involved in the supervision of Borrowers project implementation activities as required by the relevant Presidential Instructions.
• Advice Borrowers, Suppliers, entrepreneurs, Consultants, Contractors and other Entrepreneurs on all aspects related to the procurement of goods and services under Bank Group funded project.
• Participate in Preparation and Appraisal missions for projects with complex procurement components with a view to assisting Borrowers and Sector Divisions Staff to define the most appropriate modalities for procurement.
• Prepare the procurement chapter in the Project Appraisal Report.
• During the project/program preparation cycle missions, assessing the adequacy and effectiveness of the procurement capacity at the Executing Agencies and Project Implementation Unit as well as provide advisory technical support to the project/program team on matters of procurement as an input to a new project.
• Participate in the project/program Launching Mission to assist the project/program team in developing capacity building of the Executing Agency in procurement.
• Review, provide comments and participate in working group meetings of lending and non-lending activities reports.
• Receive, review and clear all tender related documents requiring the Bank’s “No Objection”, “Approval” or “Action” under the Procurement Policy of the Bank, in accordance with the Delegation of Authority Matrix; monitor practical aspects by assisting the Projects’ Task Managers to supervise the procurement activities carried out by Borrowers throughout the project cycle.
• Conduct the assessment of country procurement systems and prepare relevant reports using MAPS indicators for approval by the Manager and Director of SNFI; assist regional member countries (RMCs) for their procurement reforms and mobilize financial resources for this assistance.
• Undertake Assessment of Executing Agencies (EA) procurement capacity for each project – With the increasing emphasis on post-review of contracts for improved project implementation this activity, which can only be undertaken by Procurement Specialists will increase in content.
• Maintaining an on-going system of monitoring the compliance with the Bank’s Procurement Policy by the Borrowers and actions taken by project management to implement internal and external audit recommendations and reporting on the status of implementation.
• Facilitate and undertake training seminars /workshops for Borrowers and Bank Staff as well as certification of Bank’s procurement staff.
• Ensure that procurement information and data entering in SAP by sector experts are effective, correct and accurate.
• Undertaking Annual Post Procurement Review Report on on-going projects with a view to advising management on lessons learnt.
• Contribute to the efficient use of Information Management Systems for processing procurement requests and generating accurate procurement data for SNFI reports.

Requirements

• Hold at least a Master's Degree in Engineering, Public / Business Administration, Law, Procurement, Economics, or related fields.
• A minimum of six (6) years of relevant professional experience in providing procurement support and advice to the preparation and implementation of programs and projects financed by the Bank or any other similar institution in developing countries.
• Proven familiarity with and solid experience in the practice of procurement of goods and works and the acquisition of consultancy services under donor-funded development projects/programs; it would be desirable to have knowledge of Bank Procurement policy.
• Experience in supervising and effectively managing implementation of developments projects and programs.
• Having private sector experience (e.g., PPP operations etc.) will be an added advantage.
• Ability to be flexible, open-minded with integrity, client and results oriented for achieving both Bank’s and Borrowers’ objectives.
• Effective consulting and advisory skills that enable Sector Staff and Borrowers to build their confidence and skills to deal with procurement issues.
• Good networking skills and judgment are required while working within teams and when building professional relationships with procurement specialists and sector specialists working in the Region.
• Ability to communicate effectively (Written and Oral) in French, with a working knowledge of the English language.
• Competence with standard MS Office software (Word, Excel, PowerPoint), preferably combined with knowledge and experience of SAP operations.

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Position Number: 50050330

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

• The Treasury Department (FITR) is responsible for the Bank Group’s treasury activities, including non-statutory resource mobilization, implementation of treasury assets and liabilities management activities, investment portfolio management and settlement as well as payment administration.

The Position
The Principal Treasury Officer is responsible for the settlement of the Bank Group's capital market operations processing, collateral management and custodian relationships and investigations specifically:

• Oversee the processing of Asset Liability Management (ALM) transactions, ensure the timely settlement of the Bank Group operations including bonds and derivatives, oversee the management of collateral and ensure the adequate collateralization of derivative portfolios.
• Lead initiatives and processes to mitigate the failures of Bank Group settlement transactions and provide measures to mitigate financial losses.
•  Review and upgrade continuously, the internal control framework to minimize operational risks.
• Supervises the investigations of all outstanding payments and claims for capital markets transactions. 

Key Functions
Under the general supervision of the Division Manager of Treasury Operations, the incumbent’s duties and responsibilities include the following:

Process the ALM transactions and ensure the timely settlement of the Bank Group financial obligations:

• Participate in the negotiation of borrowing documentation and issuing & paying agents agreements;
• Ensure operational feasibility for new products and highly structured transactions that may be manual in settlement and make proposal for automation and to mitigate operational risk;
• Validate borrowing documentations (Pricing Supplement & terms) and ensure compliance with ALM guidelines and market standards;
• Ensure prompt and accurate settlement of all Treasury products and derivative transactions: trade ticket verification, settlement instruction generation;
• Ensure compliance of ALM transactions with the relevant business processes and controls;
• Monitor the daily inflow and outflow of funds in the accounts and ensure that adequate liquidity is provided for the settlement of transactions;
• Verify the log of daily trades to ensure processing of all transactions by the CMO;
• Monitor debt service schedule; reconcile discrepancies with paying agent’s and counterparties confirmations and ensure timely execution of the related payment orders;
• Design and maintain an efficient filing system for all documents related to ALM transactions;
• Validate all outgoing Swift messages;
• Solve all issues related to settlement processing activities.

Supervise the management of derivative collateral and ensure the adequate collateralization of derivative portfolios:

• Participate in the review of International Swaps and Derivatives Association (ISDA) and Credit Support Annex (CSA) agreements and update specifications in the treasury system;
• Review the Swap documentation to ensure adequacy with the ALM guidelines before transmission to the Legal Department;
• Affirm trades timely with counterparty as per FSA rules;
• Send and receive trade confirmations and execute trade matching process;
• Monitor and check rate fixings for accuracy. Check trades reset notifications and/ or payment advices received from counterparties;
• Ensure that margin calls are done timely according to the signed CSA;
• Ensure that any discrepancies are timely reported to the Treasury Risk Department (FIFM) and solved on daily basis;
• Ensure that all disputes are reported to the Treasurer, FIFM and Legal team (PGCL).
• Calculate and reconcile the monthly interest on cash credit supports with CSA counterparties
• Reconcile the credit support balances (cash and securities) with the custody banks and the CSA counterparties
• Report the monthly interest and credit support balance to Financial Control (FIFC).

Manage the Bank Group custody accounts, tax claims and corporate actions:

• Participate in the negotiation of custody agreements;
• Monitor security accounts on a daily basis to ensure that movements of funds and assets are identified;
• Advise the Investment Division of FITR on excess funds available for investments and in some cases, recommend the tenor of the investment based on cash flow needs;
• Reconcile the daily coupons and redemptions inflows with the custody banks and investigate any mismatches in coordination with FIFM;
• Analyse corporate action messages (mandatory and optional events) received from custody Banks and advise promptly the Front-office in order to avoid financial losses.
• Ensure that corporate actions instructions are send timely to custody banks to avoid financial losses;
• Analyse tax claims messages received from custody Banks and take appropriate actions to avoid financial losses.
• Review all tax exemptions submitted to custody banks are ensure they are updated to avoid financial losses;

Investigate all exceptions related to ALM transactions:

• Initiate investigations with respect to all transactions paid untimely or with discrepancies recorded in the Bank statements;
• Ensure that investigations are concluded in order to formulate strategies to implement systematic control and management process to analyse and solve problems in a timely manner; reduce operating cost, errors, fines and losses;
• Negotiate compensation to be paid or received on accounts of settlement failures;
• Prepare monthly settlement failures report;
• Undertake and supervise investigations and respond to queries emanating within and outside the Department;

Supervise the review and update of standard settlement instructions (SSIs):

• Perform periodic review of all SSIs in line with market standard and regulations and prepare a consolidated SSIs list for distribution to all stakeholders;
• Ensure that the SSIs are updated timely in the treasury applications to avoid settlement failures.

Work with SUMMIT or other IT system of FITR:

• Follow the procedures to speed up and enhance efficiency of processing and settlement activities;
• Develop expert knowledge of the Bank’s treasury and settlement systems and play a key role in implementing workflow for new financial products;
• Provide functional user’s input to IT support teams for the integration of SUMMIT to SWIFT or others settlement system;

Operational Risk Control:

• Liaise with the operational risk working group to:
• Establish a basis for monitoring the operational risks in all areas of the Bank's activities and coordinate the implementation of a COSO process for the Bank Group;
• Develop the operational risk management template to be used in the business process reviews of the Bank Group;
• Develop plan for periodic compliance testing;
• Build and maintain a record of events exposing the Bank to operational risk that can be avoided if the necessary controls are in place;
• Review the procedures for all transactions in FITR.2 to ensure provisions for adequate internal control framework ;
• Identify areas for change in procedures to minimize operational risks and work with the relevant staff/manager to draw up a procedure and plan to tighten internal controls;
• Document all internal control issues in the division, for review by the operational risk working group;
• Train FITR2 staff and assist other FITR divisions on the implementation of the internal control framework.

Reporting:

• Prepare daily and monthly collateral Management Report and Coupons reports for use by all the sections of FITR.2, FITR.3, FIFC, Director FITR and FIFM.3. 
• Prepare the debt services pre and post reconciliation report for use by FIFC.1 and external unit;

Competencies (Skills, Experience and Knowledge)

• A minimum of a Master's Degree in Economics or Statistics, Finance and/or Business Administration or related quantitative disciplines.
• A minimum of six (6) years of relevant experience in Treasury Operations in Multilateral Development Bank or similar organization.
• Experience related to: asset and liability management principles and practices, operations and instruments.
• Expertise in rules and regulations applied to the settlements of capital market operations in order to handle all types of financial instruments;
• Strong judgmental/ analytical skills to solve complex settlement issues relating to fund transfers or security custody.
• Ability to proactively takes the initiative to make improvements in own environment.
• Experience related to post trade activities on primary and secondary markets;
• Knowledge of Back-Office applications like Summit FT or other payment and clearing systems.
• Ability to work under pressure and demonstrate capacity to prioritize the delivery of multipletasks under stress.
• Ability to lead staff in various assignments and demonstrated fluency in supervisory skills.
• Excellent communication and presentation skills in French and/or English, with working knowledge of the other language;
• Command of standard computer software applications (such as Word, Excel, PowerPoint), SAP and Bloomberg/Reuters.

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Position Number: 50108940

The Complex

• The Vice Presidency for ‘Power, Energy, Climate and Green Growth’ is a Sector Complex focusing on the Bank’s Ten Years Strategy, High 5s priority of “Light up and Power Africa”.
• The complex’s objectives are (i) to develop policy and strategy; (ii) to provide deep sector technical expertise to the Regions by gathering pool of experienced individuals who can be consulted for their expertise on complicated transactions; (iii) to develop new financing instruments; (iv) to act as spokesperson to represent the Bank with external stakeholders on all aspects of “Light Up and Power Africa”. The Complex will focus on areas of Power systems, policy and regulation, renewable energy; and, Climate and Green Growth.

The Department / Division

• The Sustainable Energy Fund for Africa (SEFA) is a multi-donor Special Fund managed by the African Development Bank. It provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. SEFA offers technical assistance and concessional finance instruments to remove market barriers, build a more robust pipeline of projects and improve the risk-return profile of individual investments.
• The Fund’s overarching goal is to contribute to universal access to affordable, reliable, sustainable, and modern energy services for all in Africa, in line with the New Deal on Energy for Africa and Sustainable Development Goal 7.Established in 2011 in partnership with the government of Denmark, SEFA has since received contributions from the governments of the United States, United Kingdom, Italy, Norway, Spain, Sweden, and Germany, and also from the Nordic Development Fund and the Global Energy Alliance for the People and Planet.
• SEFA in anchored in the Renewable Energy and Energy Efficiency Department (PERN). The department has the broad objective of promoting the development of renewable energy - both large and small scale - and promoting energy efficiency along with clean cooking.
• More specifically, the department is mandated to (i) function as a one-stop source / hub for renewable energy programmes/projects, energy efficiency and clean cooking (ii) focus on “enabling market development” with an emphasis on developing new approaches / areas (e.g. mini-grid programmes, thematic or country focused funds) and play a lead role in establishing region- or country-specific programmes (iii)  mobilise concessional resources as part of the structuring of blended finance solutions for projects and programmes.

The Position

• The Principal Renewable Energy Specialist will support and assist across a range of activities linked primarily to the origination, design and implementation of renewable energy-related grants, and also concessional investments (as required) – with a focus on grid-connected renewable energy generation, as well as energy storage and grid infrastructure – for the purpose of facilitating the implementation of SEFA’s private sector activities and initiatives.
• The job holder will focus on (i) the identification, preparation, and implementation of technical assistance (with public sector entities) and project preparation support (with public sector and private sector entities); (ii) support to the implementation of SEFA blended finance transactions;  and (iii) portfolio management of projects under the responsibility of PERN and SEFA; and (iv) support to any other priorities assigned by management.

Key Functions
Under the overall supervision and guidance of the Division Manager – Renewable Energy Funds, the Principal Renewable Energy Specialist will perform the following:

• Support the identification and development of a robust renewable energy project pipeline for grant funding, encompassing primarily technical assistance (public sector) and project preparation (both public and private sectors), with a focus on grid-connected renewable energy generation, as well as energy storage and grid infrastructure. In regard of project preparation support, preference will be given to projects that have the potential to play a catalytic role in the development of transformative, sector-wide technical assistance programmes.
• As and when required, the identification and development of renewable energy project pipelines will include concessional investments (e.g. debt and investment grants) for private sector-led projects.
• Lead the preparation, due diligence/appraisal, approval, negotiation/signing of grant agreements, and supervision of eligible technical assistance and project preparation support, for the purpose facilitating private sector-led investments in grid-connected renewable energy generation, as well as energy storage grid infrastructure.
• Develop appropriate technical assistance projects to enhance sector planning, regulatory and institutional frameworks, to facilitate enabling conditions for private sector-led investments in grid-connected renewable energy generation, as well as energy storage and grid infrastructure.
• Build and maintain strong relationships with clients, notably government ministries, regulatory authorities, utilities, renewable energy sponsors, corporates, banking and multilateral partners to develop specific investment opportunities.
• Supervise technical and project preparation support projects, ensuring strong synergies with Bank activities at the country and project levels, including co-financing opportunities for projects that proceed to financial close.
• Lead / Participate and manage project teams, mentor and develop junior staff, advise management, share knowledge and ideas, compile internal and external reports, as well as ensure strong and effective internal cooperation and delivery of results.
• Perform any other duty assigned by the Division Manager or Director.

Competencies (skills, experience and knowledge)

• At least a Master’s Degree in Engineering, Economics or Business Administration or related fields;
• Have a minimum of six (6) years professional experience in the power sector, inclusive of work assignments related to utility-scale grid-connected RE generation. Experience or knowledge of key issues related to energy storage and grid infrastructure will be an advantage
• Experience in facilitating and/or supervising key technical assistance and project development activities, as well as portfolio management. Examples include market assessments; development of policy, regulatory and institutional frameworks; stakeholder management; feasibility and Environmental and Social Impact Assessment (ESIA) studies; and supervision of approved projects.
• Experience in engaging with government counterparts in relation to renewable energy generation programmes and/or projects in developing country contexts.
• Experience in Multilateral or Development Bank / Development Financial Institutions operations, preferably in an African context.
• Experience in climate finance mobilization and blended finance structures.
• Full knowledge of the principles of project cycle and project implementation;
• Strong interpersonal and client orientation skills, with proven experience in leading teams.
• Ability to communicate orally and in writing effectively in French or English, with a good working knowledge of the other language.

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Position Number: 50078366

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 (ALM) for the Bank Group.

The Hiring Department / Division

• The Treasury department is responsible for raising funds from the 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 Increase process and administer the subscriptions of shareholders to the capital of the African Development Bank and (3) Contribute to the African Development Fund (ADF) replenishment negotiations and administer the subscriptions of donors to the ADF and Multilateral Debt Relief Initiative (MDRI).

The Positions
Under the supervision of the Division Manager, Capital Markets & Subscriptions, the Senior Treasury Officer will:

• Ensure that the Bank’s strategy is implemented and that funding and hedging activities are effective and in line with the Division’s processes: Carefully monitor assigned capital markets to source funding opportunities, ensure that pricing is assessed and commensurate with the Bank’s objectives, execute transactions in line with the Bank’s ALM strategy and policies, follow up on relevant documentation, due diligence and report on trades. Monitor and report the secondary market performance of the Bank’s bond issues. Contribute to working groups’ discussions. Lead or participate in roadshows.
• Ensure that the borrowing process is smooth: Prepare a well-written and structured annual borrowing program for board approval in line with the Bank’s requirements, ensure that consents are obtained for markets where funding opportunities exist, ensure that all transactions are immediately reported in the division’s internal dashboard (borrowing model). Track and report the secondary market performance, flows and turnover of the Bank’s bonds.
• Ensure that the Bank’s borrowing documents (Global Debt Issuance Facility, General Information Statement), listing and SEC filing, among others, are completed and coordinate the 10b-5 due diligence exercise and any other relevant documentation process.
• Ensure an effective and quality investor relations program: Organize dealer days, prepare the annual roadshow program identifying investors to target and identify events that should be attended. Build and update a relevant and comprehensive database of investors. Ensure that the Bank’s websites, including the green bond page and Japanese website are continuously updated.
• Manage subscriptions to the capital of the Bank and replenishments of ADF and MDRI: Administer the subscription process requesting, monitoring and reporting on subscriptions, payments and encashments. Prepare the relevant voting powers documents. Contribute to capital increases, replenishment or voting discussions. Administer all financial aspects of subscriptions.
• Manage the download/publishing of currency exchange rates vs the UA (the Bank’s reporting currency), and prepare and execute the administrative hedge of the Bank.
• Prepare documents for technical discussions with credit and ESG rating agencies.
•   Prepare the annual Financial Presentation of the Bank to be presented to stakeholders.

Key Functions
The Senior Treasury Officer will carry out or contribute to completing the following functions:

Funding and hedging activities:

•  Identify and source attractive funding opportunities by monitoring primary market activity, utilizing cross-currency (swap) calculators, maintaining a good working relationship with dealers, being aware of market trends and developments, etc.
•  Ensure that the pricing of any new borrowing transaction is in line with the objectives and strategy of the division and mitigate any cost of carry by liaising with the Bank’s ALM and investment divisions.
•  Ensure the seamless execution of funding transactions by being alert to market conditions, economic and issuance calendars, keeping informed of investors’ preferences, ensuring that sufficient credit limits exist for settling and swapping transactions, etc.
•  Monitor the secondary performance of the Bank’s bond issuances by following market-making action and flow on electronic platforms, being aware of weekly pricing indications received from dealers, information on secondary market flows, and by maintaining a good dialogue with dealers in the Bank’s bond issues.
•  Monitor economic and capital markets rules and regulations in assigned markets to ensure the smooth implementation of the borrowing program.
•  Lead or participate in investor roadshows and prepare and/or update a comprehensive, accurate, high quality and well-designed investor presentation.

Borrowing process:

• Ensure that the Bank is able to borrow in assigned markets by keeping abreast of all regulatory developments, ensuring bond issuance documentation is current and up-to-date, maintaining a good and frequent dialogue with relevant major investment banks present, undertake regular investor work in order to ensure that the Bank is an approved and sought after investment proposition.
• Facilitate the borrowing process by preparing an open mandate when warranted and regularly update the funding grid.
• Facilitate analysis, tracking and reporting of: (1) borrowing transactions, by updating the borrowing database and internal league tables; (2) benchmarks, through the preparation of the daily market monitor by tracking secondary market performance using dealers’ traders data, as well as Bloomberg and Tradeweb and other relevant platforms; (3) bond flows and turnover per dealer to assess liquidity of bonds and engagement of dealers, and facilitate discussions with investors.
• Report on transactions to senior management by preparing the weekly market monitor of the division, ALCO and Board reports.
• Prepare the annual borrowing program of the Bank for approval by the Board of Directors to allow the Bank to raise resources from the markets and meet its funding objectives.

Borrowing documentation:

• Ensure that the Bank’s borrowing documents (Global Debt Issuance Facility, General Information Statement), listing and SEC filing, among others, are up-to-date and coordinate the 10b-5 due diligence exercise and any other relevant documentation process.
• Review and validate all documents necessary to the execution of each borrowing transaction, including bond and swap term sheets, pricing supplements, and dealer accession letters, swap confirmations, etc.

Markets relations:

• Support an effective investors relations program: Identify and advise on investors to target for roadshows or conference calls to ensure the success of bond issues: Collect investor feedback on AfDB trades, tracking their participation in peers’ transactions and collating information received through back-to-office reports and discussions with dealers. Maintain an efficient database of information.
• Contribute to the deepening of the Bank’s investor base by preparing a short quarterly newsletter to investors, providing updates on funding program and key developments.
• Review the Investor Presentation prepared/updated by the funding team to ensure that data is correct and that information conveyed is in line with investors’ interests. Update the Bank’s relevant webpages (Regular, Japanese and Green) to ensure that they respond to the needs of investors and raise the profile of the Bank with investors.
• Enhance the visibility and positioning of the Bank by leading the preparation of the Bank’s financial presentation.

Subscriptions to AfDB capital, ADF replenishments and  MDRI compensation:

• Assist and advise senior management in shareholder discussions related to capital increases, ADF replenishments, votes and compensation schemes by providing guidance and preparing the relevant technical papers (financing framework, electoral votes, share transfer rules) and contributing to relevant discussions.
• Contribute to establishing an effective management of the subscriptions process by (1) ensuring that all relevant subscriptions resolutions are implemented and the procedure manual is followed and up-to-date; (2) request, monitor, acknowledge and record subscriptions, payments and encashments. Manage arrears in line with guidelines.
• Manage relationships with shareholders by reporting on subscriptions through the preparation of the relevant voting powers, and promptly responding to queries from shareholders and internal clients. Provide relevant information to credit rating agencies and briefs to management as and when required. Manage the entry of shareholders to AfDB and ADF.
•  Ensure that the subscriptions system is continuously improved and its data updated on a continuous basis.

Rating reviews:

• Effectively contribute to the credit rating review discussions by preparing presentation material and data for the Bank’s funding and subscriptions activities, ensuring that rating agencies criteria are met.
• Engage with Environment, Social and Governance (ESG) rating agencies to ensure that the Bank gets the best rating possible on its rating activities, and initiate steps to reinforce the Bank’s ESG rating.

Participation in working groups:

• Attend any assigned working group and actively participate by reviewing and providing documents presented for discussion and clearance.

Exchange rates management:

• Ensure that Bank Group administrative budget is hedged against currency fluctuations by preparing and implementing the Bank’s administrative hedge.
• Ensure that exchange rates are made available on the Bank’s systems on a daily basis by supervising the currency downloads while providing guidance on the improvement of the system.

Requirements

• Hold at least a Master's Degree in Finance, Business Administration, Economics, Statistics or related quantitative discipline
• Professional certification such as Chartered Financial Analyst (CFA, ICMA, FRM) is an advantage
• Have a minimum of five (5) years of professional experience in the International Capital Markets, with special emphasis on bond issuance. Have practical experience of managing global bonds and/or public bonds issuance process, and using derivatives for hedging purposes
• Very strong working knowledge of derivative products
• A sound working knowledge of the operation of the organisation as a business and the role of its organisational unit
• Ability to develop practical and timely solutions
• Possess and apply knowledge and expertise in appropriate depth
• A good understanding of clients, markets and needs
• Innovation, creativity and strong problem solving ability
• Client orientation
• Strong team work & relationship management
• Ability to work effectively and accurately in a frequently stressful environment
• 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 and/or French, preferably with a working knowledge of the other language

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Position Number: 50052675

The Complex

• The main focus of the Vice Presidency for ‘Private Sector, Infrastructure and Industrialization’ (PIVP) is on: (i) developing the private sector. (ii) deepening the financial sector. (iii) improving infrastructure (transport, urban development, and ICT). (iv) accelerating industrialization. and (v) boosting intra-African trade. 
• PIVP plays the lead role in: (i) originating and supervising Non-Sovereign Operations (NSO) in PIVP Sectors. (ii) coordinating NSO processes. (iii) developing and sharing relevant Sector Knowledge. (iv) supporting the Regions on Sovereign sector operations. and (v) managing Complex Sovereign operations. 
• PIVP combines analytical work and policy dialogue in its sector with financing of specific operations, including loans or equity investments.
• The role of the Infrastructure and Urban Development Directorate is to foster infrastructure and urban development in Africa through appropriate policies and strategies as well as projects and programs interventions, which the Bank might finance on national, regional or continent-wide basis.
• This Directorate comprises of four divisions: Transport & Logistics, Urban Development, Infrastructure Partnerships, and NSO Infrastructure.
• The "NSO Infrastructure" division has the responsibility to structure and originate non-sovereign infrastructure investments in transport (Roads, Highways, Bridges, Railways, Ports, Airports, Pipelines, Logistic Platforms) and Urban Development (Urban Mobility, Public Transportation, Cities, Housing).

The Position

• The core responsibilities of this position is to identify business opportunities and structure transactions related to private investments in transport and urban development infrastructures and services and originate projects for Bank financing.

Key Functions
Under the overall supervision and guidance of the Division Manager, the Chief Investment Officer will:

Project Development and Processing:

• Liaise and coordinate with other Investment Officers and Bank staff in business development and the origination of a good quality investment pipeline.
• Proactively identify potential investment partners and opportunities based on industry experience, reputation, market potential, financial capability, and strategic fit.
• Assess the attractiveness of specific investment opportunities with a strong focus on credit quality and development impact and make recommendations management.
• Build and maintain strong relationships with other departments, clients, banking and multilateral partners and government officials to develop specific investment opportunities.
• Prepare project concept notes and appraisal reports for presentation to the department, review committees, senior management and finally the Board of Directors.
• Execute loans, guarantees or equity financing including processing mandates, conducting due diligence, structuring deals, negotiating terms and documentation, arranging syndications, and processing internal approvals.
• Coordinate with sector colleagues, the internal approvals to proactively find pragmatic solutions to emerging/specific sector challenges.
• Develop investment promotion strategies in Africa, including targeting potential investors and promoting AfDB's products and services proactively.
• Work with the 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.

Design specific innovative transactions, projects and initiative:

• Undertakes the work on aspects of investments and infrastructure development and aligns them with institutional objectives.
• Works with regional teams/country offices to design and implement sector development support programs.
• Evaluate, structure, negotiate, and close new transactions, with a strong focus on credit and asset quality (include processing mandates, due diligence, negotiating term sheets and other documentation, syndications and board approval).
• Provide support to others and portfolio teams in processing and supervising projects.

External Liaison and Knowledge Sharing:

• Contribute to the documentation of lessons learned from investment operations and emerging best practices in areas of expertise.
• Participate in and contribute to information and experience sharing sessions with internal and external stakeholders.
• Participate in and contribute to activities for advocacy, dissemination and knowledge building relating to AfDB’s investments/operations, products and initiatives.
• Provide peer review to other colleagues to share industry knowledge and information on respective sector.
• Provide technical leadership and support to knowledge and lesson sharing approaches and events with internal and external stakeholders.
• Build and maintain strong relationships with clients, banking and multilateral partners and government officials to develop specific investment opportunities.

Policy and Project Evaluation:

• Provide input and comments on project, policy and other papers related to respective sector operations and development across a range of key themes and sectors.

Strategy, Planning and Reporting:

• Participate in relevant teams for planning and programming purposes.
• Contribute to develop sector strategies at regional level.
• Assist in the development of the relevant Department’s knowledge management strategy and assist in execution of the strategy.
• Coordinate closely with social, environmental, advisory and technical assistance colleagues in order to champion AfDB’s value to our clients' businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact.

Competencies (Skills, Experience and Knowledge)

• At least a Master's Degree in Finance, Economics or in related areas, a professional qualification such as: Chartered Financial Analyst (CFA), Chartered Accountant (ACCA) is an added advantage.
• Have a minimum of seven (7) years of professional experience in financial structuring and infrastructure project finance origination gained from a Commercial/Investment Bank, Development Finance Institution, Infrastructure/Private Equity Fund, Sovereign Wealth Fund, Project Developer, established Accounting/Consulting Firm etc.
• Conversant with the Bank’s Non-Sovereign Operations (NSO / private sector) process and has minimum five (5) years’ experience leading/co-leading Bank financed NSO transactions. Successfully reaching Board approval for these NSO transactions, particularly in transport, will be considered an added advantage.
• Proven ability to identify, -0pprocess, and negotiate complex transactions in the infrastructure sector from a private sector standpoint and in particular related to transportation assets and services.
• Thorough understanding of the Transport infrastructure and related services, in particular, Ports, Airports, Highways and Mass Transit Systems, and Infrastructure markets.  A familiarity of PPP infrastructure project development is an advantage.
• Strong analytical and financial structuring/ modeling skills as well as sound business judgment.
• Demonstrates ability to coordinate, participate in, and act as a catalyst for, strategic cross-sector dialogues within the networks, across the country, among Bank colleagues and other development institutions, governments and other organizations.
• A familiarity with climate finance and project development experience in climate resilient infrastructure is an would be considered an advantage.
• Ability to contribute to sound decisions and contribute to the execution of the decisions
• Ability to initiate, effectively and independently interact with the senior government officials, senior management of potential clients.
• Strong commitment to search for and produce innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients.
• 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.
• Ability to communicate orally and in writing effectively in English and/or French. Being bilingual would be considered an advantage.
• Competence in the use of standard Microsoft Office applications (Word, Excel, Access, PowerPoint).