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  • Posted: Apr 10, 2020
    Deadline: May 8, 2020
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  • 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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    Chief Regional Operations Officer, RDRI

    Reference: ADB/20/041
    Location: Abidjan, Côte d'Ivoire
    Grade: PL3
    Position N°: 50102233

    The Complex

    • The Regional Development, Integration & Business Delivery Complex major objective is to build regional capabilities and bring responsibility for client activities closer to the regions.
    • Five Regional Development, Integration and Business Delivery Hubs have been created, each run by a Director General: Southern Africa, North Africa, West Africa; East Africa, and Central Africa.

    The Hiring Department:

    • The Regional Integration Department provides strategic direction for the Integrate Africa work streams at the regional level while focusing on implementation at the national level through Country Strategy Papers to enable Regional Member Countries to realize enhanced outcomes. The Department collaborates closely with internal stakeholders (Bank) and external partners to address policy, legal, regulatory and institutional constraints that stifle regional integration, intra-African trade and investment.
    • Projected outcomes include removal of tariff and non-tariff barriers to facilitate and ease the movement of persons, goods, services and other factors of production. The Integrate Africa function’s approach leans toward analytical and practical work streams that help to reduce the costs and time (durations) for doing business, expand market access in Regional Member Countries, consolidate smaller and fragmented regional markets, facilitate value chain development, and enhance industrialization, cross-border investment flows and development of African enterprises.
    • Core policy imperatives such as trade facilitation, trade in services, direct and portfolio investment, and sharing of knowledge products remain significant in addressing soft infrastructure constraints while simultaneously de-risking the Bank’s hard infrastructure investments.  Through strategic partnerships, the Bank Group provides leadership in key trade-related matters such as the Continental Free Trade Area to boost intra-African trade and investment as part of the African Union’s vision and agenda for 2063.

    The Position

    • The Regional Integration Strategic Framework (RISF) 2018-2025 provides the strategic guidance underpinning the Work Programme of the Regional Integration Coordination Office.  The aspirations of the RISF include: (i) bringing the High 5s together in support of AU Vision 2063; (ii) enhancing infrastructure connectivity; (iii) increasing market linkages and connectivity; and (iv) supporting financial integration and inclusion. The objective of the Regional Integration Coordination Office is to implement activities that support regulatory and policy reforms and institutional capacity development to ensure movement of goods and services across borders to facilitate Africa’s economic integration and global trade.
    • The Bank is seeking to recruit a Regional Integration Operations Officer primarily to develop the financial integration pillar of the RISF and support upstream interventions for infrastructure projects.   Furthermore the candidate is expected to lead and advise particularly on innovative financial interventions that could finance regional infrastructure operations.  Under the financial integration pillar, the candidate is expected to support the Bank’s work in regional payment systems, capital markets development and infrastructure finance.
    • Furthermore, he/she is expected to deepen the Bank’s regional integration analytical and knowledge work, engage with Regional Member Countries, Regional Economic Communities (RECs), other international organizations, and subsidiary institutions of AU and RECs. Within the Bank, the candidate is expected to lead and provide technical support to regional and cross border infrastructure and regional financial operations, as well as, develop tools and knowledge products that are operationally relevant.

    Duties and Responsibilities
    Under the supervision of the Manager Operations Office and in collaboration with other staff of the department, the incumbent’s duties and responsibilities will be as follows:

    • Provide strategic and business leadership of the regional infrastructure and regional financial integration workstream of the department;
    • Develop regional integration programmes/projects that are operationally relevant for Bank intervention especially upstream infrastructure interventions, capital markets, payment systems, prioritization of projects, project preparation and capacity building;
    • Build and strengthen partnerships coalitions within and outside the Bank, including the private sector, AU, RECs, local institutions, and NGOs;
    • Support AU, AUDA,  RECs and RMCs in implementation of their regional integration programmes especially the Program for Infrastructure Development in Africa (PIDA), the Presidential Infrastructure Champion Initiative (PICI) and major continental infrastructure programs as highlighted in the Agenda 2063 across the Bank.;
    • Mentor and provide guidance to less experienced staff in the preparation of programmes, analytical work, tools and other products and services;
    • Initiate programs for upstream planning, convening, scoping, brokering and coordinating of regional infrastructure (Energy, Transport, Water, ICT.) projects as well as de-risking regional infrastructure to attract PPP and private sector investments, in close collaboration with  Sector and Regional Departments;
    • Initiate programs for the transformation of regional transport corridors into economic development corridors;
    • Develop framework for harmonization of capital markets and payment systems and resource mobilization mechanisms using capital markets;
    • Initiate and implement dialogue on continental and global initiatives including  integration of payment systems and stock exchanges;
    • In close collaboration with other departments develop financial instruments for resource mobilisation of regional projects;
    • Provide support to other duties as assigned by the Manager operations.

    Selection Criteria

    • A minimum Master's Degree or equivalent in Economics, Development Finance, International or related international development fields;
    • Strong analytical skills and ability to produce high-quality reports;
    • At least seven (7) years of progressively responsible experience in development finance, operational experience in Africa is an added advantage;
    • Diverse work background in regional integration issues, especially in upstream and finance infrastructure integration issues e.g. project preparation;
    • Strong client orientation with commitment to results on the ground;
    • Strong operational experience and ability to contribute to strategic thinking and to integrate strategies and policies into Bank programmes/projects;
    • Proven ability to conduct research, analyse and produce reports.  Publications on topics related to development finance, project preparation and regional integration would be an added advantage;
    • Excellent interpersonal and communication skills and demonstrated ability to communicate ideas effectively;
    • Strong leadership skills including the ability to mentor, coach and to work effectively in a matrix management environment, both as a team leader and team member;
    • Excellent computer skills: Word, Excel, PowerPoint etc.;
    • Language skills: proficiency in English and/or French, with a good working knowledge of the other language.

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    Chief Transaction Support Officer, PINS1

    Reference: ADB/20/039
    Location: Abidjan, Côte d'Ivoire
    Grade: PL3
    Position N°: 50069783

    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/Division:

    • The role of the Bank’s NSO and Private Sector Support Department (PINS) is to promote private sector in Regional Members Countries (RMCs), ensuring that it plays a central role in laying the foundations in the development role of the Bank, in line with the Bank’s 10 Year Strategy and HI 5 initiatives.
    • As part of the Private Sector Support Department, the Strategy and Transaction Support Division is responsible for preparing strategies, policies, guidelines, and analytical tools relevant to the private sector development; it also ensures global client management and undertakes specialized assignments for the Regions, providing ad hoc advice on transaction bankability, structuring, Project Modelling and designs and implements technical assistance for Private Sector operations.

    The Position

    • The Chief Transaction Support Officer is responsible for leading the Equity and Structuring Support Team that supports and advises Non-Sovereign Operations towards credit enhancement, transaction bankability, and financial sustainability.
    • S/he is also responsible for (i) Developing structuring approaches in response to the Bank’s specific commercial and legal requirements, including market requirements of co-financiers where the Bank is acting as Mandated Lead Arranger and (ii) Supporting NSO sectors departments to evaluate equity project proposals, teasers, pitch books and financial models to assess their feasibility and readiness for investment by the Bank.

    Duties and Responsibilities
    Under the supervision of the Division Manager, the Chief Transaction Support Officer will lead the Equity and Structuring Support Team and will perform the following duties:

    Structuring:

    • Lead and review structuring opinion drafts, present proposed solutions for investments under consideration, clarify the pros and cons of diverse structuring options;
    • Coordinate, through written opinions, the drafting and review of finance and project documentation;
    • Lead the review of legal and financial terms of potential investments and transactions, with a view of achieving the future secondary sale of assumed exposures to commercial investors, financiers and insurers;
    • Coordinate structuring guidance to Investment Officers through active engagement in the presentation to clients/sponsors of financing proposals, negotiation of financing mandates, emphasizing the benefits of loan syndication and co-financing services.
    • Develop review tools for transaction structuring in LICs and Fragile countries in particular.
    • Act as focal points for the department on PPP related institutional activities.

    Equity:

    • Lead origination support on equity investment operations of private sector projects, primarily at origination level but also throughout the project cycle;
    • Coordinate activities related to the selectivity and arbitration of Equity pipeline;
    • Develop Knowledge basis and benchmarking on equity and Supervise asset class business intelligence gathering (market trends, benchmarking, etc.);
    • Contribute to the preparation of guidelines and standard related equity investments.
    • Review the process and procedures related to Bank’s equity operations;
    • Assist the Equity Portfolio Management Team on an ad-hoc basis.

    Selection Criteria

    • A minimum of a Master's Degree or its university equivalent in Finance or Economics.
    • A minimum of seven (7) years of relevant professional experience in the Bank or a similar institution and/or in strategic consultancy, Business development, Private Equity Fund, Asset Management, transaction modeling and in structuring.
    • Strong knowledge of equity valuation methods for sector-based investments.
    • Strong Experience in investment appraisal, project finance, and/or corporate finance.
    • Experience in direct equity investment and private equity funds appraisal.
    • First-hand knowledge of financial instruments and techniques.
    • Strong experience with Credit enhancement instruments, Private equity, and/or Risk capital is preferred.
    • Sound knowledge of tailored products (such as guarantees) for sector-based investments.
    • Experience with aggregation and pooling structures for investors.
    • Ability to respond swiftly to new situations and to anticipate new issues.
    • Proven ability to acquire new skills (particularly in legal, investment, Venture capital, Impact investing, technology and innovative sectors).
    • Disciplined approach whilst maintaining creativity and lateral thinking for effective problem solving;
    • Sense of initiative and innovation in proposing solutions to client needs.
    • Ability to deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues.
    • Strong interpersonal, communication and negotiation skills.
    • Capacity to adapt to the rapidly evolving needs of the Bank’s NSOs ecosystem.
    • Solid negotiation skills, diplomacy and credibility to deal with clients at all levels.
    • Ability to communicate effectively in written and oral in English or French, preferably with a working knowledge of the other.
    • Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint).

    Method of Application

    Use the link(s) below to apply on company website.

     

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