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

  • Posted on: 16 October, 2015 Deadline: Not Specified
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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.

    Disbursement Assistant - FFCO

     

    Objectives

     

    The Zambia Country Office of the African Development Bank has been established to strengthen policy dialogue between the Bank, Governments and other stakeholders; improve performance of the project portfolio and aid coordination with other development partners.

     

    The Bank invites applications from suitably qualified candidates to fill in the vacant position of Disbursement Assistant. This position is based in Lusaka, Zambia and does not attract international terms and conditions.

    Duties and responsibilities

     

    Under the direct supervision of the Resident Representative  in Lusaka and a Disbursement Officer based in the Bank’s headquarters in Abidjan, the  incumbent, with respect to Bank Group operations in Zambia, will:

     

    Disbursement Transaction Processing:

    • Analyze disbursement applications to determine: (i) appropriateness of the request; (ii) adequacy of supporting documentation ; and (iii) compliance with contractual documents and Bank Group policies and procedures.
    • Identify irregularities and/or non-compliance, highlighting circumstances the Banks’ exposure to financial risk for further investigation.
    • Process disbursement applications and update data as necessary in the Disbursement Management System.
    • Reconcile loan/grant accounts against borrower/beneficiary submissions.
    • Engage in regular exchanges (written and verbal) with borrowers and operations staff on disbursement and project implementation related issues.
    • Respond to questions regarding payments and disbursement procedures.
    • Draft clear and concise correspondence on disbursement-related issues.

    Project Management:

    • Liaise with concerned Bank's departments and external stakeholders to resolve disbursement issues promptly.
    • Monitor borrowers' utilization of special account funds, ensuring that the funds are properly accounted for and used in accordance with Bank rules and procedures.
    • Participate in disbursement supervision missions with particular emphasis on application preparation and use of special accounts and statements of expenditures. 
    • Contribute to improving efficiency of disbursement operations by ensuring that records and reports are properly maintained and updated at all times.
    • Participate in technical discussions and loan negotiations to ensure that disbursement arrangements are compliant with Bank Group disbursement policies.
    • Participate in the review of project documents such as Project Concept Notes, Appraisal Reports, Country Strategy Paper and Project Completion Reports, and provide input to supervisors.

    Capacity Building/Client Support

    • Participate in training of Bank staff and borrowers on disbursement policies and procedures.
    • Participate in the design of materials for disbursement seminars and workshops.
    • Respond to questions regarding disbursement procedures
    • Perform client support activities associated with the payment process

    Departmental/Divisional Tasks

    • Participate in field office/divisional task forces.
    • Identify issues relating to disbursement policies, procedures and guidelines and recommend appropriate actions or enhancements.
    • Identify and recommend changes to disbursement systems, policies and procedures to promote timeliness, accuracy and efficiency in processing while maintaining appropriate internal controls.
    • Participate in new systems development and user testing
    • Undertake ad-hoc assignments at the discretion of the Disbursement Officer, Division Manager and Resident Representative for the Zambia Field Office.

    Selection Criteria

     

    • A minimum of a Bachelor’s degree in Accounting, or its equivalent.
    • A minimum of six (6) years of direct relevant experience in accounting. Audit experience would be an advantage
    • Good understanding of accounting concepts and principles, and their application.
    • Analytical skills, with strong numerical ability, and attention to detail.
    • Good interpersonal and communication skills.
    • The working language in Zambia is English and therefore fluency in this language is a must. Candidates who also communicate in French will be at an advantage.
    • Competence in the use of standard MS Office software (Word, Excel, PowerPoint, Project).
    • Knowledge of SAP would be an advantage. 

    NB: This Position does not attract international Terms and Conditions of Employment. (Incumbents of the Position will be considered as Local Staff and will not have International Status).

    go to method of application »

    Principal Investment Officer - FTRY.3

     

    Objectives

     

    The role of the Investment and Trading Room Division (FTRY.3) is to manage all the Bank Group’s Treasury assets with the objective of capital preservation, liquidity maintenance and profitability in accordance with the Bank Group’s Asset-Liability Management (ALM) Guidelines. Currently, Treasury manages approximately USD 18 Billion of funds in the Special Drawing Rights (SDR) component currencies (US dollar, Japanese Yen, Pounds Sterling and Euro) and the South African Rand for several entities and accounts, notably: the African Development Bank (ADB), the African Development Fund (ADF), the Nigeria Trust Fund (NTF), the Heavily Indebted Poor Countries (HIPC) Initiative, etc.

    Duties and responsibilities

     

    • Manage the Bank’s assets in its liquid currencies versus the specific benchmark(s) or fixed liability schedule with the objective of capital preservation, liquidity maintenance and profitability in accordance with the Investment Guidelines of the specific funds;
    • Determine the optimal asset allocation to maximize risk-adjusted returns through the recommendation and implementation of investment products and trading strategies;
    • Formulate and implement investment strategies, closely monitoring market, economic and political developments, performing credit and scenario analysis and testing investment decisions and strategies to assess their potential impact on the Bank's liquid assets;
    • Monitor and control the risk exposure of the portfolios and manage them within the Bank's investment guidelines and risk parameters. Propose and implement hedging strategies, via the use of derivatives;
    • Supervise the portfolio valuation process and perform portfolio analysis, including portfolio performance attribution analysis in liaison with the Risk Management with regard to the verification of such data;
    • Lead projects to introduce new financial products to enhance portfolio returns;
    • Maintain and manage professional relationships with investment community, dealer counterparties, central banks and other professionals operating in financial markets. Actively seek to establish new market contacts and ensure that the investment team can access all relevant markets at any time;
    • Provide advisory services and technical assistance to African Central Banks and other financial institutions on fixed income investment management;
    • Make proposals in order to review the Bank Group’s investment management framework, financial policies, guidelines, benchmarks and procedures. Actively participate in the Asset Liability Committee (ALCO) Working Groups;
    • Supervise prompt and efficient placement of time deposits and execution of Foreign Exchange transactions;
    • Supervise production of all Treasury’s Investment reports (Weekly Market Focus, Monthly, Quarterly Report) presenting performance results and market developments.

    Selection Criteria

     

    • A minimum of a Master’s Degree in Finance, Economics, Mathematics, Statistics or another relevant quantitative discipline or a relevant professional certification such as Chartered Financial Analyst (CFA);
    • A minimum of six (06) years of relevant and practical experience in International Capital Markets in general and with special emphasis on active management of a complex fixed income portfolio;
    • Strong knowledge and understanding of financial instruments, particularly bonds, structured products, derivatives, and risk management concepts;
    • Proven credit analysis and financial modelling skills;
    • Hands-on experience with Treasury systems such as Bloomberg, Summit / Numerix;
    • Excel VBA programming skills;
    • Command of standard computer software applications such as Word, Excel, PowerPoint
    • Ability to work as a team player with excellent interpersonal skills;
    • Strong ability to cope with multiple demands and competing priorities under pressure;
    • Excellent written and verbal communication in English or French with a working knowledge of the other language.

    go to method of application »

    Senior Climate Change Officer - ONEC3

     

    Objectives

     

    The mission of the Department of Energy, Environment and Climate Change (ONEC) is to spearhead the Bank’s lending and non-lending operations in the areas of energy, environment and climate change. It will support mainstreaming of environment and climate change into Bank’s operations as well as lead on advocacy, advice and evaluation of lessons learned for incorporation into policy and programmes development. 

     

    Through its Environment and Climate Change Division (ONEC.3), the Department will identify, design and implement environment and climate change adaptation and mitigation programmes and projects.  These will either be stand alone or as components of other Bank Group support operations. ONEC.3 also serves as the primary climate finance platform for the Bank Group.

     

    ONEC.3 is also responsible for implementing the Bank’s environmental/social policies procedures, and guidelines, including review/monitoring of Environmental and Social Impact Assessments (ESIA), Environmental and Social Management Plans (ESMP), Strategic Environmental and Social Assessments (SESA), Environmental and Social Management Frameworks (ESMF) and Resettlement Action Plan (RAP) documents,  and requesting validation of project’s environmental and social categorization and submission of ESIA, ESMP, ESMF and RAP summaries for clearance by the Bank’s Environmental and Social Safeguards unit (ORQR.3); and ensuring compliance with Bank policy on disclosure.

    Duties and responsibilities

     

    The Senior Climate Change Specialist (ONEC.3) will work under the general supervision and guidance of the Manager, Environment and Climate Change (ONEC.3). His/her core duties/responsibilities will include the following:

     

    Policies, strategy, and frameworks:

    • Contribute to the development of Bank policies and strategies in close collaboration with other Bank experts.
    • Review and contribute to the mainstreaming climate change and green growth into projects and/or initiatives developed by Bank experts in departments within and outside of the Vice Presidency for Infrastructure, Private Sector and Regional Integration (OIVP).

    Project management:

    • Support Department’s staff in identifying, preparing and implementing programs, projects and project’s components to address climate change issues and climate change readiness.
    • Operationalize the Green Climate Fund (GCF) within the Bank by identifying sound activities and investments and developing the Bank’s portfolio of programmes and projects in sectors that enable climate change mitigation and/or adaptation.
    • Support Department’s staff in supervising programs, projects and project’s components to address climate change, including responding to monitoring and reporting project cycle requirements.

    Resource Mobilization:

    • Contribute to the coordination of existing Climate Funds within the Bank and develop the Bank-GCF partnership.
    • Support the mobilization of resources for the implementation of climate change interventions by developing partnerships with existing sources of finance, international conventions, and donors.
    • Help RMCs and Sponsors access Climate Finance tools, and help develop and implement Bank’s in-house financial tools.

    Knowledge Development:

    • Keep on top of climate change issues by being well informed of evolving steps with respect to the climate change international agenda; and,
    • Undertake any other task as the Director ONEC and/or the Manager ONEC.3 may assign.

    Selection Criteria

     

    • At least a Master’s degree in disciplines related to climate change, international finance, development economics. 
    •  A minimum of five (5) years relevant and practical professional experience related to climate change / climate finance, energy sector, project and portfolio management (business development, co-financing, project cycle), resources mobilization, strategy formulation.
    • Good knowledge of Multilateral Development Bank’s rules and procedures related to project management and good understanding of MDBs type of interventions.
    • Good knowledge of and experience on the African continent.
    • Proven writing and analytical skills in designing relevant operations; ability to initiate innovative approaches and originality at work; sound analytic, conceptual and strategic thinking.
    • Updated knowledge of the critical environment and climate change issues.
    • Proven ability for team-working and multi-tasking; great facilitation, communication and computational skills; resourcefulness, attention to details and client orientation.
    • Flexibility to undertake field missions to Regional Member Countries; and,
    •  Written and verbal communications skills in both English and French are desirable.

    Method of Application

    Interested and suitably qualified candidates should visit AfDB's Career Website

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