• New Careers at The African Development Bank Group (AfDB)

  • Posted on: 9 May, 2015 Deadline: 29 May, 2015
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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.

    Executive Secretary- Head of Administrative Tribunal

     

    Objectives

    The Administrative Tribunal (the “Tribunal”), established in the context of the reform of the governance structures of the African Development Bank (the “Bank”), is an independent body whose function is to render final judicial decisions on cases brought by staff members against the Bank concerning their terms and conditions of employment. The Tribunal’s decisions are binding on the Bank. The Executive Secretary is the Head of the Organizational Unit responsible for all legal, budgeting and administrative functions of the Tribunal. The Executive Secretary is the principal officer responsible for the orderly discharge of the legal and administrative work of the Tribunal.

    Duties and responsibilities

    Under the supervision of the President of the Tribunal, the Executive Secretary will carry out the following functions:

    • Plans, directs, organizes, manages and administers the work and activities relating to the processing and disposal of cases filed by staff members against the Bank to ensure the proper and efficient treatment of the cases, and discharges all other administrative functions as the President of the Tribunal may assign: 
      • Carries out research for Judges on issues of the law and fact raised in cases;
      • Prepares summaries of facts, analysis and contentions of parties for all cases;
      • Prepares initial drafts of reasoning and operative parts of judgments and orders;
      • Advises applicants and counsel on procedural issues;
      • Receives applications instituting proceedings and related documentation of cases;
      • Transmits documents and makes notifications required in connection with cases of the Tribunal;
      • Prepares for each case a dossier recording all actions taken; and
      • Organizes sessions of the Tribunal and acts as Secretary of the Tribunal during the sessions.
    • Supervises and coordinates the work of staff of the Tribunal’s Secretariat.
    • Sets overall objectives and develops work programme for the staff of the Secretariat of the Tribunal.
    • Conducts annual performance evaluation and assists staff in the Secretariat in respect of performance and career development issues.
    • Prepares and manages the budget of the Tribunal.
    • Prepares Annual Reports of the Tribunal for transmission to the President of the Bank.
    • Makes proper arrangements for the publication and dissemination of the Tribunal’s judgments.
    • Reviews, as and when directed by the Tribunal, the Tribunal’s Rules of Procedure.

    Represents the Tribunal in all meetings inside and outside the Bank.

    • Organizes trainings and outreach missions on the Bank’s recourses mechanisms.
    • Co-ordinates the activities of the Judges of the Tribunal.
    • Manages the records of the Tribunal.
    • Interacts positively with the staff of the Bank, at all levels, including Senior Management, while maintaining the independence of the Tribunal and the confidentiality of its work.
    • Assists the Judges in the research of pertinent and applicable law and case law.

    Selection Criteria

    • At least a Master’s Degree in Law, (with an emphasis on International Law), or a first degree plus a relevant combination of relevant academic qualification in law (ie: Juris Doctor (JD)) plus admission to the Bar in a Member country;
    • A minimum of eight (8) years’ relevant experience, preferably with an international organization or working for the  judiciary system of a Member country, with solid practical knowledge of international administrative and labour law, including employment issues in international organizations;
    • Strong analytical and problem solving skills;
    • Ability to work independently and to cope with multiple demands and competing priorities under pressure;
    • Ability to work sensitively in a multi-cultural environment and respect for diversity and ability to build effective relationships and trust with Judges, colleagues and other stakeholders;
    • High degree of personal integrity and great sense of discretion.
    • Proven experience in working with administrative tribunals of international organizations (sisters institutions) would be an advantage;
    • Excellent written and oral communication skills in English or French with good working knowledge of the other language; and
    • Competence in the use of standard software applications in use at the Bank.

    go to method of application »

    Principal Financial Markets Officer

     

    Objectives

    The primary role of the Financial Sector Development Department (OFSD) is to help the regional member countries (RMCs) increase reach (e.g. financial inclusion), depth (e.g. financial intermediation), and breadth of financial systems (e.g. capital market, cross-border development). The mission of the Department has four long-term objectives: (i) development of a vibrant private sector through an inclusive access by households and enterprises to financial services; (ii) strengthening markets participants; (iii) developing efficient capital markets, and (iv) deepening regional financial integration.

    The Financial Markets Division (OFSD3) of OFSD will focus on projects aiming to create more efficient financial markets and institutions capable of mobilizing domestic savings and allocating scarce capital.  Because investment finance provided by the development community supplies only a minute fraction of the capital used by private agents across Africa, OFSD3 will endeavor to channel the Bank Group’s resources in ways that develop national financial systems.

    Duties and responsibilities

    The Principal Financial Markets Officer will work under the guidance and supervision of the Division Manager.
    Her/His duties and responsibilities will include:

    • Participating in or leading the preliminary evaluation of both lending and non-lending projects. This involves the initial screening of project applications, carrying out of desk reviews and evaluation of feasibility studies, preparing preliminary evaluation notes for presentation to the Department Management Team and more detailed project concept notes to obtain concept clearance for full appraisal or fact-finding missions;
    • Participating in or leading the planning and execution of appraisal and fact-finding missions. This includes developing terms of reference for the mission and for short-term consultants to be engaged for the mission, coordinating the work of the mission team which usually includes professional staff from other departments within the Bank, and carrying out independent research. The work also includes assessing the risks of projects and advising on appropriate structure or conducting preliminary negotiations with sponsors;
    • Preparing or leading the preparation of project appraisal reports for presentation to the Department, the various review committees and finally to the Board of Directors. Develop innovative and appropriate Financial structures for complex transactions;
    • Ensuring that all conditions precedent have been fulfilled on a timely basis and all fees are billed and collected from clients;
    • Developing relationships within the Bank and with other institutions involved in financial markets development; represent the Bank at and participate in seminars, workshops and conferences dealing with financial markets issues;
    • Playing an active role in coaching and mentoring more junior investment officers;
    • Coordinating closely with social environmental, and technical assistance colleagues in order to add value to our clients’ businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact;
    • Assist in integrity due diligence for potential clients;
    • Maintaining knowledge of African financial markets/transaction structuring and provide market intelligence;
    • Building and maintaining strong relationships with clients, global and regional private businesses, banking and multilateral partners and government officials to further develop the sector and to develop specific investment opportunities.

    Selection Criteria

    At least a Master’s or its equivalent in Development Economics, or any other discipline that is relevant to the  operations of the Bank; strong knowledge of socio-economic development issues and policies of African countries.
    Preferably a minimum of six (6) years of relevant professional experience;

    • Demonstrated good knowledge of the operational policies, procedures and practices of major bilateral and multilateral development agencies;
    • Good operation experience in the Bank, with broad skills in operations evaluations, stakeholder engagement, and with strong analytical skills in assessment of institutional capacities and projects implementation;
    • Excellent organizational, analytical, coordination and communication skills;
    • Integrity, and ability to work under pressure and to deliver timely quality services;
    • Ability to work accurately, methodically and to meet deadlines;
    • Ability to work independently or within team; demonstrated mature sense of judgment;
    • Ability to work and cooperate with others from diverse backgrounds;  
    • Excellent written and verbal communication skills in English and/or French, and preferably with a working knowledge of the other language;
    • Competence in the use of Bank standard softwares (word, Excel, Access and Power point).

    go to method of application »

    Chief Financial Markets Officer

     

    Objectives

    The primary role of the Financial Sector Development Department (OFSD) is to help the regional member countries (RMCs) increase reach (e.g. financial inclusion), depth (e.g. financial intermediation), and breadth of financial systems (e.g. capital market, cross-border development). The mission of the Department has four long-term objectives: (i) development of a vibrant private sector through an inclusive access by households and enterprises to financial services; (ii) strengthening markets participants; (iii) developing efficient capital markets, and (iv) deepening regional financial integration.

    The Financial Markets Division (OFSD3) of OFSD will focus on projects aiming to create more efficient financial markets and institutions capable of mobilizing domestic savings and allocating scarce capital.  Because investment finance provided by the development community supplies only a minute fraction of the capital used by private agents across Africa, OFSD3 will endeavor to channel the Bank Group’s resources in ways that develop Africa’s financial markets.

    Duties and responsibilities

    The Chief Financial Markets Officer will work under the guidance and supervision of the Division Manager.
    Her/His duties and responsibilities will include:

    • Maintain a thorough understanding of African’s financial transactions in markets, provide market intelligence and analysis and develop strong business networks;
    • Build and maintain strong relationships with clients, global and regional private businesses, banking and multilateral partners and government officials to further develop the sector and to develop specific investment opportunities;
    • Develop a strong pipeline of good quality Financial Markets investment opportunities;
    • Lead and manage transactions. This involves leading project identification and appraisal missions of both lending and non-lending programs such as guarantee programs and/or advisory business development. Undertake the preliminary evaluation of project proposals to assess their feasibility for financial assistance and/or technical support by the Bank. This involves leading and coordinating the initial screening of project applications, carrying out of desk reviews, preparing preliminary evaluation notes for presentation to the Department Management Team to determine a project’s suitability for inclusion in the pipeline or project concept notes for public sector projects; and the preparation of project appraisal reports for presentation to the Department, the various review committees and finally to the Board of Directors; 
    • Evaluate, oversee structure, negotiate, and close new transaction;
    • Lead the development of innovative and appropriate financial structures for complex transactions;
    • Coordinate closely with social environmental, and technical assistance colleagues in order to add value to our clients’ businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact;
    • Assist in integrity due diligence for potential clients;
    • Advising on developing and promoting new financial markets products. 

    Selection Criteria

    At least a Master’s or its equivalent in Development Economics, or any other discipline that is relevant to the  operations of the Bank; strong knowledge of socio-economic development issues and policies of African countries.
    Preferably a minimum of eight (8) years of relevant professional experience;

    • Experience in finance with a proven track record of financial market transaction sourcing, project management and closing sound investments, and with experience in credit finance across all aspects of a Bank-financed transaction, including 1) credit analysis, 2) assets evaluation, 3) relationship management, 4) origination, 5) execution 6) negotiation.
    • A command of financial markets instruments. With strong financial and credit skills.
    • The ability to engage in a broad range of financial policy issues including: a) Financial sector policy and regulation, b) Banking, c) Capital markets, d) Insurance, e) Investments/equity funds, f) financial aspects of PPPs, g) SME finance, and h) Trade Finance.
    • A capacity to advise Bank’s Organizational Units and external stakeholders on financial markets issues.
    • Outstanding knowledge of RMCs, the capacity for conceptual and strategic analysis, and perfect command of financial markets issues so as to be able to analyse and evaluate financial markets division projects critically and exhaustively.
    • Strong interpersonal skills and ability to interact directly and independently with senior management of potential clients, financial and technical partners, and government officials, and colleagues from various cultural backgrounds.
    • A successful track record in leading the above type of project finance transactions would be highly desirable,

    go to method of application »

    Chief Regional Financial Management Coordinator (Central African Region)

     

    Objectives

    The Procurement and Fiduciary Services Department reports to the Vice President, Country and Regional Programs & Policy (ORVP). The Department supports the Sector Departments in project cycle activities and in monitoring compliance in fiduciary safeguards related to the financial management of projects and programs on the one hand and procurement activities on the other. In addition, it is also responsible for engaging in framing financial management and procurement policies guidelines and rules. The Department is also mandated to provide training to Borrowers and to Bank staff relating to financial management and procurement. The Fiduciary Services Division (ORPF2) is responsible for all financial management issues. It has an increasing country presence through a growing network in 34 field offices.

    Duties and responsibilities

    The Regional Financial Management Coordinator (RFMC) will be based in the Yaounde, Cameroon and will report to the Manager, Fiduciary Services and will be supervised administratively by the Resident Representative. He/she is expected to lead a team of Country Office based Financial Management Specialists (CFMS) within the Central Africa Region in conducting (i) national or sector level fiduciary diagnostic work; (ii) operational support missions at the request of Project Team Leaders (PTL) throughout the project cycle; and (iii) technical support to improve borrowers’ financial management systems, including support for designing lending operations that focus on FM reform/development. Other specific duties and responsibilities include:

    • Plan and prioritize FM work for the entire region (Cameroon, Central African Republic, Chad,  Democratic Republic of Congo, Republic of Congo, Equatorial Guinea, Gabon, Madagascar) and communicate the same to PTLs, Country Managers and the Fiduciary Services Manager
    • Take proactive role ensuring “Quality at Entry Work” through supervision of CFMSs in assessing the adequacy of the Borrowers’ project financial management systems and ensuring consistency and quality of FM aspects in project/program documents. The RFMC will also be responsible for selected high-value or particularly complex FM issues
    • Provide technical guidance within the framework of the Bank’s policies and guidelines to PTLs, CFMSs and Executing Agencies with respect to the financial management activities of projects and programs for the region
    • Manage the resolution of complex financial management issues, e.g. in case of differing views between the PTLs and CFMSs and where appropriate through interpretation of related Bank guidelines, international standards, or best practice
    • Provide financial management guidance for the development of technical assistance programs and evaluate and monitor their implementation
    • Carry out the fiduciary aspects of new areas of business and provide relevant information on country specific issues to country units, sector staff and task teams on generic country specific financial management and disbursement issues
    • Supervise, mentor, and coach CFMSs within the region
    • Represent the Bank in regional financial management and other relevant forums

    Selection Criteria

    • A minimum of a professional accounting qualification (such as CPA, CA, ACCA, or equivalent) plus a Master’s Degree or its university equivalent  in accounting, business, finance, economic or related subject
    • A minimum of six (6) years of relevant experience, preferably with a donor organization working on public sector financial management
    • Knowledge of International Financial Reporting Standards, International Public Sector Accounting Standards and International Standards on Auditing is a requirement
    • Experience required in designing and assessing internal control systems and procedures using internationally accepted control frameworks such as COSO with the ability to assess such systems and recommend remedial action where necessary
    • Proven ability to conceptualize, design and monitor the implementation of country or sector level financial management capacity building initiatives
    • Demonstrate an understanding of cross-cutting issues beyond financial management (e.g. procurement, governance, public sector management) at sector/country level
    • Willingness and ability to travel frequently in the region
    • Excellent written and verbal communication in French and a working knowledge of English.
    • Competence in the use of Bank standard software (Word, Excel, Access, and PowerPoint)

    Method of Application

    Interested and suitably qualified candidates should click here to apply online.

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