Deadline: 08 November, 2020

Location: Abidjan, Ivory Coast

African Development Bank (AfDB) is seeking to fill the role of Chief Financial Analyst.

AfDB’s mission is to spur sustainable economic development and social progress in its regional member countries (RMCs).

Responsibilities

• Design balance sheet optimisation transactions to assist the bank with proactive management and preservation of its risk capital in compliance with its prudential limits, including asset sell downs, guarantee structures, reinsurance and risk participation on the bank’s sovereign and/or non-sovereign portfolio
• In collaboration with the chief risk officer, support in the monitoring of the transactions which have been guaranteed/insured to assure compliance with the policy signed with the risk protection seller and board expectations
• Assist in the calculation and payment of insurance premium, guarantee fees or other compensation payable to risk protection seller to ensure active risk cover at all times during the life of the insured transactions
• Scope and build relationships with new potential sovereign or private sector risk mitigation providers able to reinsure/re-guarantee the bank’s portfolio of assets in line with the balance sheet optimisation framework, asset-liability management (ALM) and other internal policies
• Engage in reporting on balance sheet optimisation activities to internal and external audiences, demonstrating strong command of all possible risk transfer instruments, the technical details of each BSO transaction in the portfolio as well as relevant implications in terms of capital preservation, treatment of preferred creditor status, etc
• Lead the design of new and/or enhanced financial products and their associated operational guidelines (product specification, technical guidelines and implementation modalities), including coordinating feedback from various implicated departments (legal, accounting, risk, financial management etc.)
•  Manage the processing and implementation of new financial products by ensuring cross-departmental buy-in and clearance of the concept proposals through the relevant internal committees
• Assist operational teams to resolve important funding or hedging needs, while applying a broad knowledge of international financial markets to ensure high quality outcomes for the bank and its clients
• Support the general dissemination and implementation of the bank’s financial products through training sessions (physical and virtual), e-learning, marketing and communication campaigns, brochures and handbooks, among other communication products
• Identify sources of risks in the bank’s lending and non-loan products and develop processes to assess and mitigate such risks and provide technical support to borrowers in identifying, monitoring and managing risks arising from the implementation of the financial products
• Contribute to the development of relevant pricing methodologies for new products and assess their impact on relevant financial, risk management and financial product policies and the long-term financial sustainability of the institution
• Monitor the performance of financial products and services, and where necessary, analyse, develop and implement changes to the existing product range to ensure that they continue to adequately meet borrower needs
• Assist the treasury department to issue domestic bonds in African capital markets and on-lend to projects
• Lead the development of derivative-based local currency funding strategies for bank projects utilising cross currency swaps or synthetic derivative structures
• Support the management of the division with regard to tasks related to staffing and recruitment, budget and internal reporting requirements
• Assist and supervise the successful implementation of ad hoc special initiatives and on various matters that relate to strategic bank interventions or task forces
• Participate and represent the division as a key member of all the Asset and Liability Management Committee working groups and other senior management technical working groups as needed

Requirements

• Master’s degree in Finance, Banking, Business Administration, Economics, Accounting, or a related discipline
• Seven years, minimum, of relevant professional experience with good financial market knowledge – particularly in relation to transaction structuring, financial products development and marketing, serving on a trading desk executing derivative transactions, local currency financing, project finance due diligence, financial modeling, and risk and capital management instruments
• Chartered Financial Analyst (CFA)/International Capital Markets Association certification will be a plus
• Strong background in investment and/or development banking with experience working with private sector projects, state-owned entities, utilities/infrastructure authorities and African governments
• Knowledge of market instruments and market sources of financing
• Ability to communicate effectively (written and oral) in English or French
• Good knowledge of the use of standard software (Word, Excel, Access, PowerPoint, and web tools)
• Knowledge of accounting applications

To apply and for more information, click here.

Photo source: Rwanda Government