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  • Posted: May 1, 2024
    Deadline: May 29, 2024
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The AfDB’s missi...
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    Senior Country Economist

    The Complex

    • The core mandate of the Vice Presidency (ECVP) is to lead the Bank Group on prioritizing the generation, analysis, dissemination, brokering and implementation of relevant knowledge solutions in all High-5 operational priorities and the cross-cutting themes of its Ten-Year Strategy. Such solutions must be a clear response to priority development challenges facing regional member countries (RMCs), individually or collectively and need to involve RMCs in both the planning and implementation of the solutions.
    • The solutions include: (i) research on major development issues facing Africa and their relation to global economic governance and other major global public goods; (ii) country diagnostics and future perspectives; (iii) policy dialogue and advisory services; (iv) economic, sector, and thematic knowledge work; (v) improving national and sub-regional statistical systems; (vi) preparation, design and support to implementation of public financial management and Governance operations; (vii) capacity development for policy formulation and implementation; (viii) technical assistance and advice related to RMCs’ management of natural resources; and (ix) knowledge dissemination and development of national, regional, and inter regional knowledge networks.

    The Hiring Department / Divisons

    • The mandate of the Country Economics Department is to position the Bank at the center of socio-economic knowledge-led Country and Regional strategies, policy dialogues and operations through (i) Strategy Documents: leading and contributions to the production of Country and Regional Strategy documents, including the Country Strategy Papers, Regional Integration Strategy Papers, Country Diagnostic Notes, and Regional Diagnostic Notes to inform country lending programs, (ii) Regional and Country Economic Reports: produces the Regional Economic Outlooks Reports, the Country Focus Reports, and the African Economic Outlook Country Notes to update on the economic, political and social developments in the country, (iii) Policy Dialogue: The department plays a key role in Country/Regional policy dialogues and in the Bank’s collaboration with other Development partners, including participation in Country Thematic Groups in line with Paris Declaration on Aid effectiveness and Accra Plan of Action (iv) Economic and Sector Work: the Country Economics Department leads in the research and analysis of economic and sector issues at the country level to inform the design of Bank’s strategy and programs in the country.The Country Economics Department is composed of the Office of the Senior Director (ECCE.0) the Lead Economists report to, and two (2) divisions, each overseen by a Division Manager: The Country Economics Department Division 1 (ECCE.1), which covers Central, North, and West Africa, and the Country Economics Division 2 (ECCE.2), which covers Nigeria, Eastern and Southern Africa.
    • The two (2) Division Managers and the Lead Economists report to the Director of the Country Economics Department.

    The Positions

    • Senior Country Economists work under the supervision of the Division Managers in the Country Economics Department and the Lead Economists for the region (on technical matters), and report administratively to Country Managers in charge of their countries of assignment.
    • They also work in close collaboration with other internal and external stakeholders, under the guidance of the Lead Economist.
    • The Senior Country Economists will focus on macroeconomic and economic development work to deepen country knowledge, strengthen the Bank’s policy dialogues with country, regional, continental and global policymakers, preparation of Economic and Sector Works and coordination of the preparation of Country Strategy Papers and other relevant documents (mid-term review, completion report, etc.).
    • Under the Bank’s matrix system, the Senior Country Economist, who is a member of the Country Economics Department, will have a solid reporting line to the relevant ECCE Division Manager and a dotted reporting line to Country Manager where she/he is based.  

    Key Functions
    The Senior Country Economists will:

    • Analyse the economic and financial situations of assigned Regional Member Countries, using internal and external information sources, and determine the implications for the programming and updating of Bank Group operations such as defined in the Country Strategy Paper.
    • Contribute to the preparation and dissemination of Bank’s flagship publications and the publication of the Country Economics Department, including the African Economic Outlook, Regional Economic Outlooks and Country Focus Reports.
    • Support the Business Delivery Units (Regional department and country office) in the dialogue with the National Authorities and other stakeholders (Donors, CSO, Private sector, etc) with regular briefs and update on the economic and financial situations, preparation, and participations to meetings.
    • Undertake assigned Economic and Sector Work (including Country Diagnostic Notes), focusing on issues of governance profiling; and papers on relevant economic and financial issues in the development process; Country Notes for African Economic Outlook reports, Country Focus Reports, etc.
    • Identify, prepare, evaluate, and monitor the implementation of economic programmes, including macroeconomic programmes.
    • Coordinate the preparation of Country Strategy Papers, based on the Regional Member Countries’ development strategies.
    • Maintain effective communication with the sector departments and other relevant units in the Bank and an active participation in review meetings (Country /regional team meetings) to ensure a coordinated approach in the implementation of the Bank’s Strategy and lending operations in assigned countries.
    • Participate in Country Portfolio Reviews.
    • Participate in the preparation and monitoring of the implementation of measures under budget support loans.
    • Participate in aid coordination activities with bilateral and multilateral donors, with emphasis on promoting the co-financing of knowledge products, projects, and programmes.
    • Undertake Country Policy and Institutional Assessment (CPIA).
    • Participate in the preparation of Country Fragility and Resilience Assessment, Country Risk Assessment, etc.
    • Participate in the preparation of ECCE Divisions’ budget and in the recruitment of consultants; prepare annual and triennial knowledge work programme and briefs on economic and sectoral developments, economic reforms programmes.
    • Develop and build client relations at all levels and plays a promotional role in generating new knowledge activities and related business for the Bank.

    Competencies (Skills, Experience, and Knowledge)

    • Hold at least a Master's Degree in Economics and other relevant fields and related disciplines.
    • Have a minimum of five (5) years of relevant experience in macroeconomic policy analysis and management issues and the economics of development at international level, gained in international organizations or relevant national institutions, working on African development issues and country strategy papers preparation.
    • Strong planning and organizational skills, including a proven ability to think strategically, seeing the big picture without sacrificing the details, negotiation skills and team building skills, as well as a credible ability to influence and present ideas.
    • Capacity to connect, understand and influence stakeholders at all levels.
    • Ability to handle the high-level demands of a complex organization, including the ability to work under pressure and meet tight deadlines.
    • Good grasp of the developing countries issues.
    • Solid technical and quantitative skills as an applied development macroeconomist.
    • Proven experience and record in economic modelling and forecasting.
    • Competence in the use of at least one standard econometric software for empirical analysis.
    • Very good knowledge of portfolio management and demonstrated knowledge of economics and analytical skills.
    • Strong experience in policy dialogue, as well as fragility assessment knowledge and skills.
    • Strong analytical and organizational skills and ability to deliver results on time.
    • Problem solving capabilities coupled to innovation skills and change management.
    • Excellent verbal and written communication skills in French or English, depending on the official language of the country, with a good working knowledge of the other language. Spanish or Portuguese would be an added advantage for candidates for Spanish or Portuguese-speaking countries.
    • Competence in the use of standard Microsoft Office Suite applications.

    go to method of application ยป

    Chief Commercial Credit Officer - Non-Sovereign Credit Risk

    The Complex

    • The President, plans, supervises, and manages the business of the Bank Group. Under the direction of the Boards of Directors, the President conducts the business of the Bank and the African Development Fund and manages operations and activities in accordance with the Agreements establishing the African Development Bank and the African Development Fund.
    • The President supervises several Departments and Units including the Office of the President; Independent Development Evaluation Function; Integrity and Anti-Corruption Department; Compliance Review and Mediation Unit; Secretariat to the Sanctions Appeals Board; Administrative Tribunal; Office of the Auditor General; Group Risk Management Function;  General Counsel and Legal Services Department; Communication and External Relations Department; Staff Integrity and Ethics Office and Office of the Secretary-General & General Secretariat.

    The Hiring Department

    • The Group Risk Management Function (PGRF) develops policies and guidelines, methodologies and systems relating to credit risk assessment, market risk, and operational risk and ensures internal consistency of all of the Bank’s risk management policies and guidelines, including those initiated and developed by other departments.
    • main mandate is to safeguard the Bank’s financial integrity and consolidate all core risk management activities of the Bank in order to exercise comprehensive oversight over the Bank’s risk exposure.
    • In delivering its mission, PGRF focuses largely on promoting the Bank Group’s strategic goals within a defined risk tolerance framework.

    The Position
    The key objectives of the Non-Sovereign Credit Risk Unit (PGRF1), within the broader mandate of Risk Management Function (PGRF), are to:

    • Ensure adequate assessment of credit risk of new non-sovereign operations as well as regular review of the Bank’s non-sovereign credit portfolio;
    • Develop policies and guidelines, methodologies and systems relating to non-sovereign credit risk assessment and management for the Bank;
    • Ensure internal consistency of all Bank’s non-sovereign credit risk policies and guidelines including those initiated and developed by other Departments;
    • Monitor and report on compliance with policies and guidelines; and
    • Contribute to the development of strategic risk metrics and a risk culture within the organization through the following: (i) managing the risk profile of the Bank’s non-sovereign portfolio to protect the Bank’s AAA credit rating and reputation; and (ii) Strengthening the Bank’s internal risk framework by improving credit processes.
    • Ensure the functioning of the Credit Risk Committee Secretariat.

    Key Functions
    Under the overall supervision and guidance of the Unit Head PGRF1, the Chief Commercial Credit Officer performs the following:
    Assess non-sovereign credit risks by:

    • Preparing Summary Credit Notes, advising appropriate credit risk ratings, and making recommendations with respect to the further processing of individual transactions.
    • Regularly reviewing existing transactions and their credit ratings as well as the adequacy of impairment provisions.
    • Assessing specific risks of proposed individual non-sovereign transactions and recommending appropriate credit enhancement or risk mitigation measures.
    • Advising operations departments on the correct structuring of transactions with a view to mitigating risk.
    • Participating in due diligence missions on new non-sovereign transactions and supervision missions on active projects, contributing to a better understanding of risks associated with them and of risk mitigation options.
    • Advise appropriate pricing terms in consultation with syndication and investment officers.
    • Participate in the development and updating of commercial credit risk management policies, guidelines, processes, and procedures for their implementation by:
    • Regularly reviewing the adequacy and appropriateness of policies, guidelines, and procedures and proposing amendments as they may become necessary.
    • Participating in the development and upgrading of commercial credit risk identification and assessment methodologies, including appropriate assessment, monitoring, and management of tools and systems.

    Participate in portfolio monitoring and reporting by:

    • Monitoring of compliance with existing credit limits, KPIs, and thresholds.
    • Establishing and forecasting trends with respect to portfolio concentrations and proposing portfolio management initiatives to mitigate concentration risks.
    • Preparing technical notes and/or papers or conduct studies of interest to the Bank on commercial credit risk and related issues.

    Participate in risk-related discussions by:

    • Participating in management review committees and Board Committee sessions on non-sovereign transactions.
    • Propagating a risk culture and serving as the technical focal point.
    • Interacting with Internal and External Auditors and Rating Agencies.
    • Be responsible for the functioning of the Credit Risk Committee (CRC) Secretariat by:
    • Preparing meeting minutes and decision notes related to the CRC.
    • Coordinating the process flow between sector departments, regions, and other committees.
    • Assume supervisory responsibilities and provide training, mentoring, and coaching to junior staff and the wider ecosystem.
    • Lead ad hoc assignments related to non-sovereign credit risk issues and technical working groups

    Competencies (Skills, Experience, and Knowledge)

    • Hold at least a Master's Degree in Risk Management, International Finance or Economics
    • Have a minimum of 7 years of work experience in credit assessment in private sector banking or multilateral development banking.
    • Hands-on experience in credit risk assessment, deal negotiation, and structuring in emerging and underdeveloped markets.
    • Familiarity with project finance, corporate lending, lending to financial institutions and private equity funds.
    • The ability to build risk tools and methodologies is desirable.
    • Knowledge of capital adequacy standards is required.
    • Considerable knowledge and experience of credit risk management techniques, sophisticated risk management products, and risk management best practices.
    • High degree of personal commitment, interpersonal skills with clear strategic vision and proven communication and leadership skills.
    • Teamwork and Relationships: Works with others to maximize the effectiveness of the team as a whole, sharing the knowledge and workload. Develops strong working relationships with colleagues and contributes to the creation of a positive team environment.
    • Operational effectiveness: The commitment to ensure that full use is made of the systems, procedures and culture within the organization in order to deliver the required results.
    • Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolution.
    • Innovation & Creativity: The 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.
    • Communication: Provides clear and concise oral and written communication; presents oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience.
    • Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
    • Competence in the use of standard Microsoft Office Suite applications (Word, Excel, Access and Power Point); knowledge of SAP (or other integrated document management system or quantitative and qualitative data analysis packages is an added advantage.

    Method of Application

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