Deadline: 10 August, 2020
Location: Abidjan, Ivory Coast
African Development Bank (AfDB) is seeking to fill the position of Division Manager, Financial Technical Services.
AfDB’s mission is to spur sustainable economic development and social progress in its regional member countries (RMCs).
Responsibilities
- Manage staff performance in line with the bank’s guidelines, ensuring that clear objectives are set and agreed upon with the team in the work programme and that annual performance cycles are effectively managed in line with the bank’s calendar
- Mentor, coach and guide staff, ensuring their clear understanding of their roles and promote a supportive work environment that is responsive to personal development of staff, ongoing feedback and development, including long term career development
- Development of innovative financial products and balance sheet optimisation products
- Design and implement new and/or enhanced financial products for financing, leverage of bank capital and for risk management purposes
- Write product specifications, technical guidelines and implement modalities for the bank’s financial products
- Design and Implement innovative balance sheet optimisation structures including, but not limited to, cash and synthetic securitisation, insurance, complex guarantee structures, credit default swaps, etc
- Monitor the performance of products and services, and where necessary, analyse, develop and implement changes to existing product range to ensure that they continue to adequately meet borrower needs
- Manage the preparation of product competitor analysis and keep abreast of financial innovation, monitor economic and political trends in the international capital and money markets, and assess their impact on the bank’s competitiveness
Requirements
- Master’s degree or equivalent in Finance/Banking, Business Administration, Economics, Accounting or a related discipline
- Professional qualification in one of the aforementioned fields (desirable)
- Chartered Financial Analyst (CFA) charter holder or ICMA (desirable)
- Eight years, minimum, of relevant professional experience with good market knowledge, particularly in relation to transaction structures, products, balance sheet optimisation structures, fixed income, derivatives, equity, African capital markets, due diligence and financial analysis of project finance and corporate finance lending and equity investments, risk management instruments
- Proven experience in structuring at least three balance sheet optimisation transactions
- Knowledge of fund raising and on-lending activities in developing capital markets, particularly in Africa
- Excellent understanding of financial issues affecting sovereign and non-sovereign clients in developing countries and policy associated with the bank’s mandate
- Demonstrated leadership in creative financial engineering and a track record of supporting various financing structures utilising various financial instruments
- Strong background in investment and development banking with experience in working with private sector projects, state-owned entities, utilities/infrastructure authorities and government
- Ability to communicate effectively (written and oral) in English or French
To apply and for more information, click here.
Photo source: GotCredit
