Deadline: 18 April, 2021
Location: Abidjan, Ivory Coast
African Development Bank (AfDB) is seeking to fill the role of Investment Officer.
AfDB’s mission is to spur sustainable economic development and social progress in its regional member countries (RMCs).
Responsibilities
- Manage the bank group’s assets in its liquid currencies with the objective of capital preservation, profitability, and liquidity maintenance according to the investment guidelines of each specific entity by executing transactions in securities and derivatives
- Manage the cash collateral portfolios by ensuring the investment of cash received as credit support in short-dated instruments with the objective of covering the financial costs
- Support the development of the investment process and participate in the implementation of the strategic asset allocation
- Execute the bank’s short-term funding strategy by issuing European Commercial Papers to cover short-term liquidity gaps, posting regular levels for European Commercial Papers to increase the visibility of the bank
- Contribute to the credit analysis process by ensuring that specific issuers/counterparties are assessed to ensure their creditworthiness
- Contribute to the selection process for external portfolio managers by assessing proposals
- Review external portfolio managers’ activities to ensure adequate management of the bank’s assets by conducting regular meetings and reviewing performance reports
- Lead key projects on innovation in investment products and strategies by submitting concrete proposals to the division manager and chief investment officer
- Contribute to the formulation and review the AfDB group’s financial policies by making appropriate policy recommendation to senior management, the board and asset and liability committee
- Participate in the review of other financial policies including borrowing and currency management policies by providing feedback to proposals from other divisions
- Ensure process manuals of the division are up-to-date by contributing to their periodic review
Requirements
- Master’s degree, minimum, in Finance, Economics, Mathematics, Statistics, or a relevant quantitative discipline
- Relevant professional certification such as Chartered Financial Analyst (CFA) or ICMA will be a plus
- Six years, minimum, of relevant and practical experience in international capital markets with special emphasis on active management of complex fixed income portfolios
- Strong knowledge and understanding of financial instruments, particularly bonds, structured products, derivatives, and risk management concepts
- Proven credit analysis and financial modelling skills
- Strong numeracy skills
- Experience in exercising a related/similar function in another multilateral development bank or investment bank
- Private sector experience will be a plus
- Ability to communicate effectively (written and oral) in English or French
- Demonstrate a strong work ethic
- Good knowledge of the use of standard software (Word, Excel, Access, PowerPoint, and web tools)
- Excel VBA programming skills (desirable)
To apply and for more information, click here.
Photo source: Rwanda Government
