Latest Recruitment at the African Development Bank Group (AfDB)

Reference: ADB/18/179
Location: Côte d’Ivoire
Position N°: 50092840
Grade: PL2

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 Officeand Office of the Secretary General & General Secretariat.

The Hiring Department

• The Risk Management Directorate (PGRF) develops policies and guidelines, methodologies and systems relating to credit risk assessment, market Risk and Operational Risk and as well as ensures internal consistency of all of the Bank’s risk management policies and guidelines, including those initiated and developed by other departments.
• The Directorate’s main mandate is to safeguard the Bank’s financial integrity and consolidate all core risk management activities of the Bank in order to exercise comprehensive oversight over the Bank’s risk exposure. In delivering its mission, PGRF focuses largely on promoting the Bank Group’s strategic goals within a defined risk tolerance framework.

The Position

• The Unit Head - Non-Sovereign Credit Risk has the roader mandate of Risk Management Function include:
• Ensure adequate assessment of credit risk of new non-sovereign operations as well as regular review of the Bank’s non-sovereign credit portfolio;
• Develop policies and guidelines, methodologies and systems relating to non-sovereign credit risk assessment and management for the Bank;
• Ensure internal consistency of all Bank’s non-sovereign credit risk policies and guidelines including those initiated and developed by other Departments;
• Monitor and report on compliance with policies and guidelines; and
• Contribute to the development of strategic risk metrics and a risk culture within the organization through the following: (i) Better manage the risk profile of the Bank’s non-sovereign portfolio to protect the Bank’s AAA credit rating and reputation; and (ii) Strengthen the Bank’s internal risk framework by improving credit processes.

Duties and responsibilities
Under the overall supervision and guidance of the Director PGRF, the Unit Head performs the following:

Manages and supervises the staff of the Unit by:

• Planning, organizing and coordinating the activities of the Unit;
• Setting the overall objectives and leading the development of the work program;
• Overseeing the execution of the work program and ensuring that deadlines are met;
• Reviewing and recommending changes to the work program;
• Reviewing and monitoring the timely completion of tasks assigned to staff;
• Determining training needs and leading the development of credit risk capacity building programs;
• Providing coaching, mentoring and conflict resolution;
• Evaluating staff performance and ensuring the achievement of departmental objectives; and
• Ensuring the technical competency, professionalism and high ethical standards for all staff members.

Leads the organization of the Credit Risk Committee by:

• Supervising the CRC secretariat
• Ensuring smooth processing of the CRC’s activities
• Overseeing the preparation of the CRC’s annual report
• Overseeing the updating of the CRC’s terms of reference and working procedures
• Providing analytical support to the CRC and OpsCom as well as the technical working groups;

Leads the development of the non-sovereign credit risk management policies and strategies by:

• Proposing goals and strategies to ensure sound banking management of credit risk in AfDB’s non-sovereign operations and compliance with AfDB’s group strategy;
• Proposing credit risk assessment and monitoring processes and methodologies;
• Developing and promulgating portfolio review methodologies, policies and guidelines for the Bank's private sector loan, guarantee and equity investment operations with a particular focus on credit risk portfolio review, credit standards, exposure limits, risk based pricing; and
• Proposing credit risk models and systems including inputs to the Bank’s capital adequacy policy.

Leads credit risk management for new non-sovereign operations by:

• Proposing a risk rating to all proposed Bank non-sovereign lending operations, guarantees, and equity investments;
• Providing advice and recommendations to operations in structuring each proposal, and providing appropriate risk mitigants for new proposed loan transactions, guarantee and equity investment operations;
• Advising on the appropriate pricing in the light of the risk, structure and market conditions and advise on fair entry price equity valuations;
• Ensuring that the approval of each new transaction complies with the credit process;
• Monitoring compliance of loan amounts for non-sovereign operations with prescribed exposure limits;
• Guiding and assisting with the integrity and anti-money laundering approach; formulating and promulgating sector and product credit management policies and guidelines; and monitoring and reporting on compliance thereof;
• Leads credit risk management for the Bank’s existing non-sovereign portfolio by:
• Reviewing the credit risks of all existing Bank lending, guarantee, and equity investment operations and regularly updating their credit ratings;
• Monitoring of the performance of the Bank’s equity portfolio, overseeing the periodic equity valuation exercise and ensuring valuation methodology compliance with internal policies and best industry practice;
• Alerting the Chief Risk Officer, Country and Sector Directors and SOU Head when there is a serious credit deterioration in an operation and when there are imminent defaults of borrowers in the Bank’s portfolio;
• Providing independent strategic advice to operations and risk teams concerning assets whose quality is deteriorating, especially if the asset quality becomes such that rehabilitation is required (projects classified as “rehabilitation”);
• Evaluating the adequacy of provisions for non-sovereign projects and recommending their adjustment as necessary;
• Liaise with functional counterparts at other institutions, including multilateral organizations, commercial banks, the Bretton Woods Institutions and fund management companies:
• Exchanging ideas on credit risk management policies, guidelines, processes and methodologies;
• Organizing forums, seminars and other initiatives to keep up-to-date on best industry practice;
• Sharing views on credit risk assessment policies and guidelines; and
• Sharing views on credit issues related to new projects or co-financed transactions;

Selection Criteria
Including desirable skills, knowledge and experience:

• Hold at least a Master’s degree or equivalent in Risk Management, International Finance or Economics
• Have a minimum of 8 years work experience of which 3 years have been spent in private sector banking or multilateral development banking
• Good knowledge of credit risk management, analysis, deal structuring and negotiation
• Hands-on experience of credit risk assessment, deal negotiation and structuring in emerging and underdeveloped markets
• High degree of personal commitment, interpersonal skills with clear strategic vision and proven communication, leadership, management and supervisory skill
• 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: Provides clear and concise oral and written communication; presents 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
• Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolution
• Considerable knowledge and experience of best practice risk management
• 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 SAP (or other integrated document management system or quantitative and qualitative data analysis packages is an added advantage

go to method of application »

Reference: ADB/18/178
Location: Côte d’Ivoire
Grade: PL6
Position N°: 50000843

The Complex

• The Vice-Presidency for Finance oversees the financial management of the Bank Group.
• This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.

The Hiring Department/Division

• The overall objective of the Financial Management Department is to safeguard and improve the Bank Group’s risk bearing capacity while looking to optimize efficiency to benefit clients, shareholders and staff.
• The role of the Treasury Risk Management Division is the management and reporting of treasury risk and the oversight of treasury activities that enable the Bank to make informed and profitable investment and borrowing decisions thereby preserving capital, optimizing profitability and maintaining a strong credit rating. The Division’s objectives are to:
• Identify, measure, monitor and mitigate market and credit risks in the Bank’s Treasury operations;
• Ensure the timely reporting of the Treasury Department’s borrowing and investment activities;
• Build an efficient control framework to ensure the adherence to the Bank’s policies, Assets and Liabilities Management (ALM) guidelines and to International Financial Reporting Standards (IFRS);
• Provide efficient information systems and analytical support tools to the Treasury Department to improve the decision-making process.

The Position
Under the supervision of the Division Manager, the Treasury Risk Officer- IT is responsible:

• Provide support to users of Treasury, Financial Control and Treasury Risk activities and ensure that they are well trained on new features and capabilities.
• Maintain Treasury applications up-to-date with new methodologies and practices in consultation with CHIS and suppliers of Treasury systems. This includes systems upgrades and a close monitoring of bug fixing by Systems’ providers.
• Manage information systems projects and business continuity of Treasury and Treasury Risk activities to ensure the resilience of related information systems.
• Manage the IT technical implementation of Treasury and Treasury Risk Management Framework Improvement Projects.

Duties and Responsibilities
The Treasury Risk Officer-IT will:

• Provide technical support to Treasury, Treasury Risk Management and Financial control activities and ensure that users are well trained on new features and capabilities
• Support users daily use of Summit and related servers availability, the integrity of market and trade data, and ensure that daily system operations procedures are followed;
• Provide support on key Treasury systems, including Summit, Numerix, Reuters, Bloomberg and others; Provide technical advice on issues impacting the investments or funding decision-making process. That comprises error message debugging, wrong data characteristics identification an user actions specificities analysis;
• Respond to queries and reporting requirements of Treasury, Risk Management and Accounting Departments ;
• Design and develop new reports and dashboards and maintain existing ones;
• Ensure that month end processes are correctly run to support data extraction and reporting framework for Financial Control End Users;
• Identify users training requirements and organize training sessions;
• Review applications user guide and propose modifications to improve the operational risk;
• Make recommendations on Treasury activities workflows based on systems functionalities and best market practices.
• Maintain Treasury applications in consultation with Corporate IT Services (CHIS) and suppliers of Treasury systems
• Implement and monitor night batches processes to ensure the availability of Treasury Position Management Systems including Summit and related add-on modules;
• Liaise with the Corporate IT Services Department (CHIS) to ensure adequate technical support on Treasury systems for project implementation activities, customization, daily back-up and batch processing, system security and database maintenance;
• Interact with CHIS to evaluate hardware and software requirements for the support of the treasury risk activities;
• Customize and maintain the treasury systems based on users’ requirements
• Conduct migrations to new versions of Treasury systems (including Summit and Numerix) and add-on tools (including Oracle Discoverer);
• Implement and maintain a functional/technical interface between treasury Systems including Summit–Numerix and the trading systems (Bloomberg, Reuter, Tradeweb, etc…);
• Liaise with Treasury systems suppliers and data service providers to ensure adequate maintenance, technical support and smooth running of their services;
• Work with technical specialists of software suppliers to resolve complex programming and configurations problems and coordinate the implementation of software suppliers’ solutions;
• Manage banking transfer system (SWIFT) security in consultation with SECU/CHIS as a Right Security Officer (RSO).
• Manage information systems projects and business continuity of Treasury and Treasury Risk activities

Information Systems projects management:

• Produce software requirements specifications and prepare design specifications including data structure definition in conformity with CHIS standards;
• Participate in the implementation of Treasury systems, in collaboration with CHIS in order to improve transactions processing, control framework and the decision-making process;
• Analyse client server systems, develop feasibility studies, and design application software to support Treasury requirements;
• Provide specifications for the design and development of interfaces between Summit, the main Treasury position management system, and other systems including Numerix, SAP, SWIFT, Bloomberg, Reuter and Tradeweb.

Business Continuity Management:

• Assess, manage and minimize the impacts of system and security updates;
• Coordinate the technical requirements for the successful conduct of Treasury and Treasury Risk business continuity tests;
• Implement and test technical configurations specific to Treasury and Treasury Risk activities;
• Guide and Support Treasury and Treasury Risk Users in the conduct of business continuity tests.
• Manage IT technical implementation of Treasury and Treasury Risk Management Framework Improvement Projects
• Interpret business requirements related to market data feeding extensions, new risk measures, reports or data analytics implementation and determines optimal technical solutions needed;
• Assess the feasibility, advise whether external resources are required from CHIS or consultation services, provide timelines and ensure the development of required technical solutions;
• Coordinate and supervise technical inputs from existing Treasury Systems  implementation teams (external consultants, CHIS officers);
• Define hardware, software and operating systems needs in consultation with IT Officers in CHIS;
• Perform technical tests and validation, prepare and update technical and user documentation, information memoranda and project related reports;
• Partner with Treasury and Risk Officers in the continuous improvement of implemented processes and tools.

Selection Criteria
Including desirable skills, knowledge and experience:

• Holds at least a Master's Degree or equivalent in Computer Science, Information Systems Management or in a related discipline
• Professional certification in or qualification in Finance/Banking fields or Project Management will be an advantage.
• Have a minimum of 4 years of relevant professional experience with systems analysis or programming duties
• Working experience in the implementation of Treasury systems used by Multilateral Development Banks and Investments Banks will be an advantage.
• Working experience on Treasury systems technical support and users training
• Solid knowledge and proven experience in standard software applications and development tools, database management
• Ability to understand and translate business requirements into Information Technology developments needs
• Ability to estimate accurately timelines for technical solutions implementation
• Demonstrate ability in system analysis, software programming (C/C++, Summit STK, .Net, JAVA, PHP, Visual Studio, VBA)  and relational database management skills (Oracle and SQL Server)
• Capacity to drive applications upgrades and changes with effective business impact assessment skills
• Information Technology architecture management skills
• Pedagogy in providing user training on Treasury systems
• Innovation and Creativity
• Good team player with strong interpersonal and communication skills
• Problem Solving
• Self-organization and time management
• Client and results oriented individual holding “a can do attitude”
• Proficient in use of standard MS Office software especially Excel.
• Ability to communicate effectively (written and oral) in English or French preferably with a working knowledge of the other language.