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  • Posted: May 16, 2017
    Deadline: Jun 7, 2017
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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 Quantitative Risk Officer

    • Job Type
    • Qualification
    • Experience 7 years
    • Location Other
    • Job Field Banking 

    Reference: ADB/17/202
    Location: Côte d’Ivoire
    Grade: PL3
    Position N°: 50076383

    The Complex

    • The President, plans, supervises and manages the business of the Bank Group.
    • Under the direction of the Boards of Directors, the President conducts the business of the Bank and the African Development Fund and manages operations and activities in accordance with the Agreements establishing the African Development Bank and the African Development Fund.
    • The President supervises several Departments and Units including Office of the President; Independent Development Evaluation Department; Integrity and Anti-Corruption Department; Compliance Review and Mediation Unit; Secretariat to the Sanctions Appeals Board; Administrative Tribunal; Office of the Auditor General; Group Risk Management Directorate; General Counsel and Legal Services Department; Communication and External Relations Department; Staff Integrity and Ethics Office and Office of the Secretary General & General Secretariat.

    The Hiring Department

    • The Sovereign Division is within the broad mandate of Credit Risk Management Department which assess Sovereign and Non-Sovereign Credit Risks, measure their impact on the Bank’s risk bearing capacity and propose risk mitigation techniques.
    • The department develops policies and guidelines, methodologies and systems relating to credit risk assessment and management for the Bank as well as ensures internal consistency of all Bank’s credit risk policies and guidelines including those initiated and developed by other Departments.
    • The department also monitors and reports on compliance with credit policies.

    The Position

    • The overall purpose of Chief Quantitative Risk Officer is to identify and monitor of the credit risk and ensuring the integrity of financial risk models and the reasonableness of assumptions used.
    • The job holder ensures compliance with the capital adequacy policy and International Financial Reporting Standards 9 requirements, optimizes the region lending program with regard to the concentration risk and formulates, review and update policies, guidelines and procedures relating to the credit risk management and capital adequacy.

    Duties and Responsibilities
    Under the supervision and guidance of the Non Sovereign, Division Manager, the Chief Quantitative Risk Officer will:

    • Lead the development and updating of policies and guidelines, including procedures and processes relating to the bank’s capital adequacy.
    • Lead the calibration of the Bank’s risk parameters: Model Probabilities of Default, Loss Given Defaults, calculate expected losses of the portfolio, perform correlation analysis.
    • Lead review, reports and ensures compliance of the Bank with the Capital Adequacy framework and accounting rules (i.e. International Financial Reporting Standards 9).
    • Lead the periodic validation of risk rating models.
    • Lead the development and upgrading of risk identification and assessment methodologies, including appropriate assessment, monitoring and management tools and systems.
    • Manage prudential limits and concentration risk and ensure compliance with risk appetite limits.
    • Lead the analysis of lending scenario and assess the impact on the Bank’s prudential ratios as well as on the countries exposure limits.
    • Lead data analysis and stress testing results.
    • Lead the region country working groups and advise on the lending headroom.
    • Participate in the sovereign and non-sovereign credit risk assessment.
    • Monitor and participate to the different working groups on the optimization of the Bank’s balance sheet (e.g. Exposure Exchange Agreement).
    • Discuss issues pertaining the Bank’s ratings with rating agencies.
    • Participate to the Global Emerging Market consortium.
    • Maintain a close relationship with key partners, including the Bretton Woods Institutions, to review the Bank Group's credit management policies and guidelines.

    Selection Criteria
    Competencies (skills, experience and knowledge):

    • Holds a Master's Degree or equivalent in Risk Management, International Banking or Economics
    • A minimum of Seven (7) years of relevant experience related to financial modelling. Strong knowledge of credit risk models as well as capital adequacy standards and International Financial Reporting Standards are required as well as strong quantitative and analytical skills.
    • Very Strong knowledge of credit risk models, Capital Adequacy requirement and rating agencies models
    • Problem solving: Applies business knowledge to the resolution of problems and identifies solutions to the benefit of the client (internal and external) and the organization
    • Communication: Provide clear and concise oral and written communication; present oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience.
    • Operational effectiveness: The Commitment to ensure that full use is made of the systems, procedures and culture within the organization in order to deliver the required results
    • Innovation & Creativity: The commitment to search for and produce innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients.
    • Teamwork & Relationships: Work with others to maximize the effectiveness of the team as a whole, share the knowledge and workload. Develop strong working relationships with colleagues and contribute to creation of a positive team environment
    • Good knowledge of credit risk management techniques and sophisticated risk mitigation products;
    • High level professional knowledge of qualitative and quantitative credit portfolio management techniques, structured credit instruments and credit risk derivatives.
    • Ability to communicate effectively (written and oral) in English and French, preferably with a working knowledge of the other. Fluency in the national language(s) of the Region may be an added advantage depending on the Region.
    • Competence in the use of standard Microsoft Office Suite applications. Knowledge of SAP is an asset.

    go to method of application »

    Principal Evaluation Officer

    • Job Type
    • Qualification
    • Experience 6 years
    • Location Other
    • Job Field Banking 

    Reference: ADB/17/189
    Location: Côte d’Ivoire
    Grade: PL4
    Position N°: 50051180/50090784

    The Complex

    • The Board of Directors provides oversight and strategic direction to the African Development Bank Group. It is composed of Executive Directors who are representatives of the African Development Bank member countries.
    • Specifically the Board is responsible for the conduct of the general operations of the Bank, and carries out the following functions: 
      • Determine the general structure of the Bank’s services
      • Approve the financing policy and take decisions concerning loans, guarantees, equity investments and fund loans by the Bank
      • Determine the interest rates of loans and guarantee commissions
      • Approve the Bank’s operations programme and administrative budget
      • Prepare the work of the Board of Governors
      • Submit accounts and annual reports, as well as the administrative budgets for the approval of the Board of Governors.
    • The Board does its work through a series of permanent Committees that review and discuss policy and program documents and make appropriate recommendations to the whole Board. Independent Development Evaluation Department; Compliance
    • Review and Mediation Unit; Secretariat to the Sanctions Appeals Board; Administrative Tribunal report to the Board.

    The Hiring Department

    • The overarching mission of the African Development Bank’s Independent Development Evaluation is to enhance the development effectiveness of the Bank in its regional member countries through independent and influential evaluations, oversight over self-evaluation processes and products, and proactive engagement in evaluation partnerships and knowledge-sharing activities.
    • The core mandate of the Independent Development Evaluation Department is to conduct independent evaluation studies, provide relevant lessons, develop and harmonize standards and practices, support evaluation capacity development together with partner agencies and attest to the validity of both processes and the results of African Development Bank’s self-evaluation activities.
    • The Independent Development Evaluation Department also collaborates and exchanges information with bilateral and multilateral development agencies’ evaluation departments, and undertakes joint evaluation of co-financed projects and programs.
    • The Independent Development Evaluation Department has three divisions: the Infrastructure, Private Sector and Regional Integration Evaluations Division (Division.1), the Agriculture, Human Development, Governance, Corporate and Country Evaluations Division (Division.2) and the Knowledge Management Outreach and Capacity Development Division (Division.3).
    • The Divisions 1 and 2 focus on undertaking evaluations whilst the Division 3 on Knowledge Management Outreach and Capacity Development.

    The Position

    • The principal evaluation officer contributes to the delivery of the division work program by leading moderately complex evaluations, supervising evaluation teams, and mentoring and coaching junior colleagues, and supporting work programme management and the Independent Development Evaluation Department’s quality assurance activities.
    • This vacancy notice is for two positions in Independent Development Evaluation Department; Division.1 and Division.2.

    Duties and Responsibilities
    Under the supervision and guidance of the Division Managers –Division.1 and Division.2, the Principal Evaluation Officer will:

    • Undertake Evaluation Activities: Design, conduct and report on evaluations in accordance with the Bank’s Evaluation Policy and Manual and international evaluation standards (e.g., OECD DAC evaluation standards and the Evaluation Cooperation Group Good Practice Standards)
    • Undertake Meta-Evaluations and Meta-Analyses; Lead, and guide meta-evaluations and meta-analyses including designs, and methods (for literature search, and data collection, analysis and reporting).
    • Undertake Evaluation Quality Management: Contribute to updating the Independent Development Evaluation Department evaluation quality standards, and quality assurance processes, tools and capacity.
    • Contribute to the capture of learning from evaluation design to evaluation dissemination for use in updating the Independent Development Evaluation Department evaluation manual, and for staff learning events.
    • Manage human and financial resources of a multi-disciplinary evaluation team to ensure the delivery of complex and concurrent evaluations that are conducted in an independent, cost-effective, rigorous and timely manner.
    • Promote the mandate of the evaluation function and contribute to the creation of an evaluation culture in the Bank and in Regional Member Countries.
    • Contribute to positioning the Independent Development Evaluation Department as an innovator and leading-edge among other multilateral institutions and to maximizing the effectiveness and efficiency of the Bank’s Evaluation Function.
    • Contribute to building strategic alliances and partnerships with key stakeholders within and outside the Bank to further the Evaluation Function’s mandate and engage in evaluation communities of practice within and outside the Bank. Provide substantive input to these communities and share lessons of experience.
    • Contribute to the preparation of Independent Development Evaluation Department’s three-year rolling work programme and annual report.
    • Perform any other assigned tasks.

    Selection Criteria
    Including desirable skills, knowledge and experience:

    Competencies (skills, experience and knowledge):

    • Holds at least a Master’s degree or its equivalent in Economics, Development Evaluation, Finance, Business Administration, Sociology, Development, Statistics, Policy analysis, Public administration, or other international development related field.
    • A certificate/diploma in development evaluation, development oriented research and/or program/project planning, management and evaluation is an advantage.
    • A minimum of six (6) years’ experience in as a development evaluator/researcher; designing, conducting, managing, and reporting development evaluation/research studies.
    • Significant knowledge in quantitative and/or qualitative evaluation methods.
    • Broad knowledge of evaluation theories and practice including evaluation needs assessment, design and implementation.
    • Proven operational and field experience working in complex development programs.
    • Knowledge of operational/policy areas, procedures and practice of the African Development Bank or other multilateral development Banks and/or other international development agencies.
    • Operational experience relating, in particular, to areas covered by Division 1 or 2.
    • Substantial experience in development planning, management and evaluation in Multilateral Development Banks or other international development agencies
    • Strong theoretical and operational knowledge of international development issues and theories relating, in particular, to Africa
    • Experience in providing strategic advice to senior management.
    • Experience in coaching and mentoring staff’.
    • Substantial experience in managing human and financial resources.
    • Experience to lead multidisciplinary teams, and work in diverse and multi-cultural settings
    • Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
    • Competence in the use of standard Microsoft Office Suite applications (Word, Excel, Access and Power Point); knowledge of integrated document management system and/or quantitative and qualitative data analysis packages is an added advantage.

    go to method of application »

    Principal Investigation & Forensic Accountant

    Reference: ADB/17/203
    Location: West Africa
    Grade: PL4
    Position N°: 50076486

    The Complex

    • The President, plans, supervises and manages the business of the Bank Group.
    • Under the direction of the Boards of Directors, the President conducts the business of the Bank and the African Development Fund and manages operations and activities in accordance with the Agreements establishing the African Development Bank and the African Development Fund.
    • The President supervises several Departments and Units including Office of the President; Independent Development Evaluation Department; Integrity and Anti-Corruption Department; Compliance Review and Mediation Unit; Secretariat to the Sanctions Appeals Board; Administrative Tribunal; Office of the Auditor General; Group Risk Management Directorate; General Counsel and Legal Services Department; Communication and External Relations Department; Staff Integrity and Ethics Office and Office of the Secretary General & General Secretariat.

    The Hiring Department

    • The Office of Integrity and Anti-Corruption plays an integral role in achieving this mandate by protecting the Bank’s corporate image and reputation, and improving the continent's investment climate through the deterrence, prevention and reduction of fraud, corruption, staff misconduct and other harmful practices within the Bank Group.
    • The Investigation Division has the overriding mandate to undertake unhindered investigations into allegations of corruption, fraud and other malpractices in Bank Group Financed Operations and conduct investigations into allegations of misconduct involving staff members of the Bank.

    The Position

    • The Principal Investigation & Forensic Accountant will conduct comprehensive forensic accounting investigations into allegations of staff misconduct, fraud, corruption and other malpractices in Bank Group-financed Operations, administrative budgets and misuse of Bank resources.
    • The outcome of these investigations is transmitted under mechanisms elaborated by the Bank's Sanctions process, Human Resources, and Senior Management.
    • In undertaking investigations, the Principal Investigation & Forensic Accountant shall maintain the highest standard of professional proficiency and integrity, and shall be guided by ethos of confidentiality, fairness, equity and due diligence.

    Duties and Responsibilities
    Under the supervision and guidance of the Division Manager, the Principal Investigation & Forensic Accountant will:

    • To lead investigation teams or assist colleague investigator(s) to conduct investigations into allegations of staff misconduct, fraud and corruption by identifying and providing detailed response to internal control weaknesses and red flags in financial statements.
    • Utilize forensic accounting techniques to reconstruct corporate books, records and electronic information with suspect organizations/entities and/or analyse them and participate in fact-finding interviews
    • Operate procedures and mechanisms for ensuring confidentiality of the hotline facility, protection of the whistle-blowers and anonymous reporting of fraud and corruption within the Bank and in activities financed by the Bank in Regional Member Countries
    • Receive, screen and investigate allegations or whistle-blowing on Staff misconduct, Fraud, Corruption and malpractices or suspicions thereof, in the Bank and in activities financed by the Bank, assigned by the Division Manager Investigation
    • Employ surveillance measures deemed necessary and reasonable for the furtherance of investigations.
    • Report regularly to the Division Manager Investigation on the allegations received, screened and their investigation status
    • Perform analytical work on accountability issues; profiling of project activities and identifying potential risks to project funds
    • Prepare and edit required written reports, briefs and presentations of the highest quality for in-house standard judicial scrutiny (sanctions process)
    • Conduct pro-active reviews aimed at detecting and preventing fraud and corruption in Bank operations in collaboration with relevant units within the Bank and member countries
    • Monitor the implementation of investigations recommendations to prevent re-occurrence of such irregularities to safeguard the assets and image of the Bank
    • Assist regional member countries to respond to allegations involving the propriety of accounting and financial reporting, fraud, regulatory due diligence scrutiny and anti-corruption inquiries
    • Advise colleagues on identifying and assisting with their response to internal control weaknesses and indicators of fraud and corruption
    • Work independently or as part of a team in developing fraud and corruption prevention strategies and activities
    • Provide forensic accounting advice and support to investigators
    • Provide technical support on requests coming from within the Bank and from RMCs and other Multilateral Development Banks on fraud and corrupt activities
    • Defining, proposing and integrating various technological solutions to enhance Forensic Accounting-based intelligence gathering and preventive measures
    • Carrying out computer forensic examinations to be admissible as evidence in tribunal proceedings such as capturing and seizing electronic data
    • Analysing electronic data and computer storage devices, i.e. hard disks, tapes, etc. - tracing computer usage and history from Operating System logs and application files.
    • Maintaining the hardware and software in the computer forensic laboratory and keeping abreast with technical developments in digital forensic equipment, software and techniques
    • Managing and conducting missions to capture and seize electronic data
    • Managing and assuring backup of electronic evidence in the forensic laboratory
    • Performing tool testing for updated forensic tools against standard forensic data
    • Undertaking system and network administration tasks to support the operations of investigators of the Division in a networked environment
    • Conducting field work, controlling evidence and data collection and reviewing documents and information gathered in the course of an investigation to ensure that investigation objectives are achieved, protect the evidence and adequately support the findings, conclusions and recommendations of the investigation
    • Preparing Quarterly Activity Reports containing the status of allegations, preliminary reviews and assignment progress for the attention of the Division Manager Investigation

    Selection Criteria
    Competencies (skills, experience and knowledge):

    • Hold at least a Master's Degree or its equivalent in Accounting, Finance, Audit, Banking, Economics, or any related fields; A professional (preferably forensic) accounting certification is highly desirable
    • Minimum of Six (6) years of relevant experience gained within an international organization or Company, covering investigations of fraud, corruption and/or collusion, with at least three (3) years in the field of forensic and investigative accounting.
    • Integrity, good judgment, fairness and discretion in dealing with staff and external parties
    • Working familiarity with investigative and forensic software
    • Extensive understanding of forensic accounting, investigation and computer-based fraud detection techniques, specifically related to fraud and corruption in development projects
    • Knowledge in essential aspects of computer security in diverse IT areas: database, development, network, operating systems, IT security, specific applications security, etc
    • Knowledge of Digital Forensic Software
    • Experience with internal control systems with the ability to assess such systems and recommend remedial action
    • Proven leadership qualities, as well as strong interpersonal and communication skills
    • Experience of a multi-cultural environment and multi-disciplinary teams
    • Excellent communication and presentation skills, both oral and written; proven ability to clearly and concisely prepare, present, discuss and defend issues, findings and recommendations at senior levels and to produce complex and compelling briefs, reports, papers, etc
    • Excellent interpersonal skills, including the ability to work effectively in a team/task force as participant or team leader and with senior officials internally and externally
    • Strong interviewing skills, capacity to influence and win the confidence of difficult witnesses
    • Strong organizational and analytical ability with attention to detail
    • Ability to work independently and manage challenges
    • Competence in Forensic Accounting software and techniques
    • Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other language.
    • Competence in the use of the Bank standard software applications (Word, Excel. Power point).

    Method of Application

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