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  • Posted on: 8 July, 2016 Deadline: Not Specified
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  • The African Development Bank (the Bank) is the premier pan-African development institution, promoting economic growth and social progress across the continent. The Bank’s development agenda is delivering the financial and technical support for transformative interventions that will significantly reduce poverty, through inclusive and sustainable economic growth. It is Africa's voice on global economic, financial and development issues. The Bank will focus its investments around five priority areas, High 5’s: light up and power Africa; feed Africa; industrialize Africa; integrate Africa; and improve the quality of life for the people of Africa. The Bank is building a world-class senior management team that will lead the successful implementation of this vision.

    Principal Legal Counsel (Finance) – GELC3

     

    Objectives

     

    The principal objective of the General Counsel and Legal Services Department (GECL) is to provide legal services and advice to the statutory organs of the Bank and the Fund. In addition, GECL provides legal advice on the administration, operations and financial activities of the Bank. GECL ensures that the Bank Group‘s activities and operations are consistent with the constitutive documents and other legal instruments of the Bank Group; policies, and as appropriate, with the norms and principles of international and commercial law and the best practices of international development banking.

     

    The Finance Division’s main activities are to provide legal and advisory services in the mobilization, investment and management of the financial resources of the Bank. These activities include the following:

    • supporting and advising the Bank’s Treasury in the negotiation and drafting of documentation to effect Bank borrowings in the international capital and money markets, and drafting or reviewing all legal documents required for the implementation of the Bank‘s borrowing strategy and capital markets transactions;
    • preparing legal documentation for the Bank’s derivatives and other risk management transactions, negotiating relevant master agreements and  drafting and reviewing individual transaction documents;
    • advising on the legal aspects of cash management, bank account agreements, and contracts for the custody or investment of the Bank’s financial resources;
    • drafting legal documents concerning membership and subscription to  the Bank’s capital,  contributions to the African Development Fund and the creation of trust funds and special funds; and  
    • providing legal advice on the Bank Agreement, the General Authority on Asset and Liability Management, financial regulations, policies and rules and participating in the work of the Bank’s Asset and Liability Management Committee and its working groups.

    Duties and responsibilities

    1.    Issue legal opinions on regulatory institutional and financial issues arising from the interpretation and application of the Charter of the Bank; drafting legal documents relating to accession and participation in the Bank and the Fund and the creation of special funds; interpret and apply the Financial Regulations of the Bank;

     

    2.    Prepare all necessary documentation for the Bank’s borrowings in the international capital and money markets;

     

    3.    Review, update and recommend for approval standard documentation, in accordance with market and industry practice, for use in derivative transactions;

     

    4.    To provide advice on contracts for the investment of liquid assets of the Bank and the African Development Fund;

     

    5.    Review, revise and recommend for approval global clearing, custody, execution and repurchase agreements to facilitate the Bank’s investment and risk management transactions;

     

    6.    Propose and design appropriate amendments to the Bank Agreement and other governing instruments, such as the Financial Regulations;

     

    7.    Provide legal advice and assistance through the Division Manager to the Bank and its operating organs on all matters of finance, investments and reporting obligations to internal and external authorities;

     

    8.    Assist the Division Manager in the selection of local counsel to represent the interests of the Bank;

     

    9.    Provide legal advice on matters relating to investments and financial transactions of the Staff Retirement Plan;

     

    10.  Participate in meetings of the working groups of the Asset-Liability Management Committee;

     

    11.  Prepare draft legal opinions for approval by supervisors on Management proposals for the Bank’s financial transactions.

     

    Selection Criteria

     

     

    1.    At least a Master’s degree in Law, plus admission to the Bar of (or diploma to practice law in) a member country; or a Bachelor’s degree plus a relevant combination of academic qualification in Law (e.g. Juris Doctor (JD) plus admission to the Bar of (or diploma to practice law in) a member country; 

     

    2.    A minimum of six (6) years  of relevant experience, preferably with an established law firm, international organisation or financial institution;

     

    3.    Competence in Finance Law and International Law;

     

    4.    Competence in the use of Bank standard software (Word, Excel, Access and Power Point, SAP and/or other integrated document management system).

     

    5.     Excellent written and verbal communication skills.  Ability to communicate in both English and French would be an added advantage.

    go to method of application »

    Directors General (Central, South, East, West, North Africa)

     

    Objectives

     

    Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. The Bank’s development agenda to deliver the financial and technical support for transformative interventions that will significantly reduce poverty through inclusive and sustainable economic growth. In addition to providing finance, the Bank is Africa's voice on global economic, financial and development issues, a role that has taken significant importance in light of increasing global integration and interconnected risks.

     

    The Bank has prioritized five major areas (High 5s), all of which will accelerate developmental impacts for Africa: Light Up and Power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the Quality of Life of the People of Africa. The Bank is building a world class senior management team to lead the successful implementation of the vision.

     

    The Bank is adapting its operating model to ensure the effective delivery of these priorities. A critical part of this is the establishment of five regional development and business delivery offices: West, East, Central, North and Southern Africa. It will appoint new Directors General to lead these operations. The Directors General will report to the President, through the Vice President for Regional Development, Integration and Business Delivery.

     

    The Directors General will ensure that the Bank operates efficiently, effectively and successfully in the relevant countries, and ensure the full implementation of all aspects of the Bank’s work.

     

    Energetic and results driven candidates for these roles will combine regional knowledge with excellence in delivery. They will have a proven track record of building effective teams and of cultivating successful partnerships with both governmental and private sector counterparts.

     

    Please note there are five Director General Positions advertised, these are detailed below. Please specify if you would like to be considered for all roles or if you have a preference for a particular region.

     

         1. Director General - Central Africa

     

         2. Director General - South Africa

     

         3. Director General - East Africa

     

         4. Director General - West Africa

     

         5. Director General - North Africa

    Duties and responsibilities

     

    A position specification with further information about the roles will shortly be posted on the Russell Reynolds Associates website. In the meantime, please call +44 (0) 20 7343 3616 for any further assistance.

    Selection Criteria

     

    INFORMATION ON THE POSITION

     

    The African Development Bank Group has retained Russell Reynolds Associates to assist with this appointment. To apply, please send a full CV together with a supporting statement of no more than two sides of A4, briefly highlighting your experience and skills against the requirements of the role, to: AFDB@russellreynolds.com        Please quote the role title and assignment code 1606-043L in the subject heading of the email.

    Method of Application

    To apply, visit AfDB Career Page

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