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  • Posted: Aug 30, 2019
    Deadline: Sep 28, 2019
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  • African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Banks development agenda is delivering the financial and technical support for transformative projects that will significantly r...
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    Senior Investment Assistant

    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 Treasury department is responsible for raising funds from capital markets, managing and investing the Bank Group’s liquidity and shareholders’ funds, processing and settling all financial transactions and managing the institution’s banking relationships.

    The Division is responsible for treasury investment activities including the management of several fixed income portfolios, the execution of foreign exchange and money market transactions and innovations in investments.

    THE POSITION:

    • Under the supervision of the Division Manager, the incumbent will:
    • Execute money market transactions for all portfolios under management within the Bank Group based on the approved investment guidelines and risk parameters.
    • Execute foreign exchange transactions in the absence of the foreign exchange trader.

    Duties and responsibilities

     

    • The Senior Investment Assistant will carry out the following functions;

     

    MONEY MARKET TRADING:

    • Ensure that funds of the AfDB Group are invested by executing money market and reverse repo transactions for over 40 separate entities in currencies of the Special Drawing Rights basket and ZAR.
    •  Monitor cash flows and outstanding transactions by maintaining records of term deposits and reverse repo transactions

    FINANCIAL POLICIES & REPORTING:

    • Contribute to the review the AfDB Group’s financial policies by actively participating in ALCO’s Working Groups.
    • Ensure that Process Manuals of the Division are up-to-date by contributing to their periodic review.
    • Keep Division Manager and Treasurer up-to-date on transaction execution by (i) contributing to the counterparty bank briefs on a periodic basis, detailing trading volumes, counterparty rankings and status of trading relationship, among others (ii) ensuring the accuracy of reports transmitted to the Asset and Liability Management Committee (ALCO).

    EXTERNAL RELATIONSHIPS:

    • Maintain and manage professional relationships with the investment community, dealer counterparties, central banks and other professionals operating in financial markets, by providing responses to information requests, representing the Bank.
    • Support the onboarding of new counterparties by providing input in approval request note.

    BUSINESSS CONTINUITY:

    • • Execute foreign exchange transactions in the absence of the foreign exchange trader.

    Selection Criteria

    • Knowledge and understanding of financial instruments, particularly money market products and risk management concepts
    • Bachelor’s Degree or its equivalent in Finance or other related disciplines
    • Relevant professional certification such as Chartered Financial Analyst (CFA) or ICMA is a plus
    • Minimum of six(6) years of relevant practical working experience in the finance sector.
    • Knowledge and practical experience in bilateral and triparty repos is a plus

    THIS POSITION DOES NOT ATTRACT INTERNATIONAL TERMS AND CONDITIONS (THE POST HOLDER WILL BE CONSIDERED AS A LOCAL STAFF AND WILL NOT HAVE INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT).

    Should you encounter technical difficulties in submitting your application, please send an email with a precise description of the issue and/or a screenshot showing the problem to: HR Direct [email protected]

    go to method of application »

    Program And Budget Coordinator

    The Economic Governance and Knowledge Management (ECVP Complex) core objective is to give greater visibility and prominence to knowledge, its dissemination and management. This is done through the (i) generation of access to operationally relevant, multi-sector research on African development issues; (ii) the narrowing of the data statistics gap in Africa by improving the availability, quality and coverage of statistics, for policy formulation, implementation, evaluation and effective monitoring of progress and contributing to the development of cooperation statistics in Africa. ECVP is also the focal point for capacity development and provision of training with a clear focus on those areas most relevant to ensuring economic growth and efficient implementation of Bank-financed projects and enhancing their impact. 

    THE HIRING DEPARTMENT:

    The Governance and Public Financial Management Coordination Office (ECGF) is in the complex of the Chief Economist / Vice Presidency for Economic Governance and Knowledge Management (ECVP), based at the Headquarters in Abidjan, and is responsible for coordination and operationalization of the Bank’s Governance policy, strategy and programs, including lending and non-lending work. ECGF works in collaboration with the other complex’s and departments of the Bank towards ensuring (i) that the Bank’s substantive technical engagement with key policy and strategy processes in the area of governance and public financial management are properly coordinated; and (ii) that the Bank’s interventions in Regional Member Countries, through program-based operations/ budget support and institutional strengthening projects promote effective and accountable governance and public financial management

    THE POSITION:

    The main purpose of the Program and Budget Coordinator is to assist the management and staff of the department in: (i) coordinating the implementation of the annual work programme and related assignments; (ii) preparing the administrative budget and monitoring its implementation; (iii) Monitoring portfolio performance and the KPIs; (iv) supporting task managers with the costing and financial analysis of Institutional Support Projects

    The work accomplished will contribute to realizing the Bank’s governance work programme as it relates to the implementation of the Bank’s High Fives priorities: Feed Africa; Light-up Africa; Industrialize Africa; Integrate Africa; and Improve the lives of the people of Africa.

    Duties and responsibilities

    Under the supervision and guidance of the Director of Governance and PFM Coordination Office the Program and Budget Coordinator Officer Will:

    • Contribute to the preparation and the monitoring of the Annual Work Programme of the department;
    • Contribute to the preparation of the Department’s Key Performance Indicators (KPIs), ensure their consistency with Complex level KPIs and prepare regular status reports and annual activity reports;
    • Coordinate the preparation of the yearly budget and ensure all data is uploaded in SRAS.
    • Keep the portfolio database of the department (active and pipeline projects);
    • Coordinate responses to queries concerning ECGF program management;
    • Coordinate the preparation and monitoring of the quarterly mission schedules and collate related data for reports;
    • Ensure a close follow up of the department’s activities and regularly update the work programme;
    • Represent the department in some of the coordination meetings with other departments of the Bank;
    • Liaise with Information Systems Department (CHIS) if necessary, for all issues relating to the SAP system and other information technologies; play the role of SAP resource person in the department; provide training to staff of the department in the use of SAP-PS;
    • Support Task Managers and project teams with financial analysis and costing during preparation and appraisal of Institutional Support Projects- using tools such as COSTAB or excel.
    • Keep up to date information for exchange with partnership agencies and institutions such as bilateral donors (DFID, EU, CIDA, etc.) and multilateral donors (WB, IMF, UNECA, etc.);
    • Disseminate information and liaise with the communications and external relations department (PCER) to update and manage the website’s content;
    • Contribute to the quarterly work program and budget reports;
    • Liaise regularly with other key Departments of the Bank, including front office, budget department, resources mobilization etc;
    • Supervise the work of the Team and Administrative Assistants of the Department; and
    • Perform any other duty assigned by the department.

    Selection Criteria

    • Hold at least a minimum of a Master’s degree or its equivalent in Economics, Statistics, Information Technology, Business Management, Finance or in a related discipline;
    • A minimum of 4 years relevant professional experience, and demonstrated ability to manage and perform multiple tasks efficiently;
    • Good working knowledge of planning, work programme and budget preparation.
    • Competence in the use of standard Microsoft Office Suite applications, in particular Excel and practical knowledge of SAP; knowledge and experience in the use of other applications of the Bank, such as SRAS and COSTAB is highly desirable.
    • Ability to manage project pipeline & portfolio and report periodically on achievements\Capacity to communicate and write effectively in either English or French.
    • Familiarity with project management and project identification procedures of development institutions, multilateral development banks and, in particular, of the African Development Bank, an added advantage
    • Experience with, COSTAB or other tools for costing of projects.
    • Great facilitation, communication and analytical skills; ability to work in teams; resourcefulness, attention to details and client orientation; and ability to collaborate within teams and across boundaries;
    • Ability to succeed in multi-cultural environment
    • Ability to work under pressure, prioritize work, and handle multiple tasks simultaneously
    • Strong team spirit, including interpersonal communication and client orientation skills;
    • Excellent verbal and written communication skills in French or English, with a good working knowledge of the other language

    THIS POSITION IS CLASSIFIED INTERNATIONAL STATUS AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.

    Should you encounter technical difficulties in submitting your application, please send an email with a precise description of the issue and/or a screenshot showing the problem to: HR Direct [email protected]

     

    Method of Application

    Use the link(s) below to apply on company website.

     

    To apply for this position, you need to be national of one of AfDB member countries.

    Applicants who fully meet the Bank's requirements and are considered for interview will be contacted. Only online applications submitted with a comprehensive Curriculum Vitae (CV) and copies of the required degrees will be considered. The President, AfDB, reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer. Female candidates are strongly encouraged to apply.

    The African Development Bank Group (AfDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the Bank does not request information on applicants’ bank accounts. The African Development Bank Group declines all responsibility for the fraudulent publications of job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.

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