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  • Career Opportunity at African Development Bank

  • Posted on: 14 May, 2016 Deadline: 27 May, 2016
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  • African Development Bank (AfDB) established to strengthen dialogue between the Bank and the Government, is recruiting to fill the below position ofTreasury Assistant - FTRY.1

    Treasury Assistant - FTRY


    Reference: ADB/16/070
    Location: Nigeria
    Grade: GS7
    Position N°: 50054525


    The role of the Capital Markets and Financial Operations Division (FTRY.1) is to:

    • Raise cost effective resources from the capital markets;
    • Contribute to the Capital Increases process and administer the subscriptions of shareholders to the capital of the African Development Bank (ADB); and
    • Contribute to the African Development Fund (ADF) replenishment negotiations and administer the subscriptions of donors to the African Development Fund (ADF) and Multilateral Debt Relief Initiative.

    Duties and Responsibilities
    Under the supervision of the Officer responsible for subscription management, the incumbent will:

    Assist in the Management of Subscriptions to the Multilateral Debt Relief Initiative (MDRI):

    • Monitor, process and record Instrument of commitments. payments and encashment
    • Prepare and update payment and encashment schedules
    • Compute Net Present Value (NPV) based accelerated encashment credits or discounts
    • Update reports on the status of subscriptions, payments and encashment
    • Work on the design of the MDRI subscription system
    • Maintain the MDRI data base, ensuring integrity of data
    • Update the process manual.

    Assist in the Management of Subscriptions to the African Development Fund (ADF) /African Development Bank (ADB):

    • Operate and update subscription system to ensure the completeness and integrity of data
    • Work on the implementation of the ADF Subscription system
    • Maintain the ADF database
    • Monitor, process and record instrument of subscriptions, payments and encashment
    • Prepare and update payment and encashment schedules
    • Compute Net Present Value (NPV) based accelerated encashment credits or discounts
    • Maintain the subscriptions database
    • Update the process manual
    • Prepare the voting powers statements

    Assist in borrowing related activities:

    • Ensure that Pricing Supplements are reviewed and signed on a timely basis
    • Ensure that the borrowing process, as spelled out in the borrowing procedure manual, is adequately followed
    • Monitor calls on borrowing
    • Ensure the trade ticket is signed by all the relevant parties
    • Follow up with the dealer and trader for the receipt of the pricing supplement related to the transaction
    • Send pricing supplement to divisions for review and then to the Issuing and Paying Agent (IPA) and rating agencies
    • Participate in the preparation of the Bank's financial Presentation booklet for the Annual Meetings
    • Participate in the preparation of the Bank's annual borrowing program for Board approval
    • Monitor the Bank's key financial ratios.

    Preparation reports and data:

    • Prepare periodic reports and data as required by the Division Manager and/or Director of Treasury
    • Perform any other activities assigned from time to time as related to this function including the downloading and publishing of the Bank's exchange rates and the preparation of Power Point presentations.

    Selection Criteria
    Including desirable skills, knowledge and experience

    • A minimum of a Bachelor's Degree or its equivalent in Finance or other related disciplines.
    • At least five (5) years of relevant practical working experience in the finance sector.
    • High level skills in communication.
    • Strong planning and organizational skills.
    • Strong customer service skills, ability to multitask and attention to detail.
    • Good knowledge of the subscription management processes.
    • Excellent written and verbal communication skills in English and/or French, with a good working knowledge of the other language.
    • Competence in the use of Bank standard software (Word, Excel, VBA, Access and PowerPoint).
    • Excellent customer service.
    • Knowledge of basic finance (bonds, swaps, time value of money).

    Method of Application

    Interested and qualified candidate should apply online AfDB career website

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