Deadline: 01 March, 2022
Location: Abidjan, Ivory Coast
The African Development Bank (AfDB) is seeking to fill the role of Head of the Special Operation Unit (SOU).
AfDB’s mission is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.
Responsibilities
- Hire and manage staff, setting work assignments, as well as supervising consultants and liaising with other AfDB units as required
- Lead, develop and mentor SOU team members, ensuring that the team is high-performing, well-motivated, has clear deliverables and is committed to the success of the bank’s NSO programmes
- Develop and review policies, procedures, guidelines and manuals for SOU’s continuing operations, including reviewing policies, guidelines and procedures owned by other departments
- Analyse non-performing and impaired or potentially non-performing and likely to be impaired transactions to determine and present the best course of action in terms of asset resolution to the respective approval authority within the bank
- Undertake and lead restructuring and recovery initiatives regarding jeopardy or distressed investment projects by taking over assets deemed non-performing or impaired or at risk of becoming non-performing or impaired from portfolio officers in a structured and documented fashion
- Approve or obtain approvals for overall asset-resolution objectives from CRC, operations committee, the board, and any other applicable statutory committees in the future
- Develop and manage relationships with key stakeholders
- Develop market knowledge and intelligence to ensure that the bank makes timely interventions for potential problem projects
- Support and work closely with the non-sovereign operations (NSO) and public sector ecosystems under the ‘One Bank’ approach
- Support and develop improved matrix relationships between relevant departments, especially along knowledge management and sharing
Requirements
- Master’s degree in Finance, Business Administration, Economics, Accounting, or a related field and an additional qualification such as certification in Distressed Asset Management will be an added advantage
- Nine years, minimum, of relevant experience in a multilateral/bilateral development organisation, international commercial banks, distressed asset fund or consulting firm
- Familiarity with strategies, policies, procedures, and practices of multilateral development institutions, international commercial banks and distressed asset funds, with an in-depth understanding of the dynamics within various RMCs and across a wide variety of sectors
- Ability to work under pressure and deliver high-quality work within tight deadlines
- Excellent spoken and written English or French
To apply and for more information, click here.
Photo source: AfDB
