Friday, 21 October 2016

African Development Bank (Director, Financial Management)

African Development Bank Group (AfDB) - Established in 1964, the 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 Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth.

Job Title: Director, Financial Management

Description 
  • The position of Director FFMA which reports to the Vice President FNVP, is key to ensuring the overall effectiveness of the financial management of the Bank Group, in particular through the Bank’s Income Model, Asset and Liability Management (ALM) policies and the monitoring and reporting thereof.
  • The Director shall lead a team of high calibre professionals responsible for the formulation of financials, financial risk and ALM policies of the Bank Group and for monitoring the proper functioning and application of such policies and related practices and business processes. 
Responsibilities
  • Formulate and review all policies pertaining to the management of the assets and liabilities and related credit, liquidity, market and operational risks of the Bank Group.
  • Provide regular and timely feedback and advice to Senior Management and the Boards of Directors regarding the functioning of these policies;
  • Participate in the formulation and recommendation of appropriate instruments and strategies, and related guidelines for approval by the Board;
  • Liaise with counterparts at other institutions, particularly MDB’s, to exchange ideas on financial policies, asset management approaches and risk management methodologies, or to explain policies to the financial community as well as the rating agencies;
  • Analyze the impact of policy changes on the financial position of the Bank.
  • Supervise the implementation of asset and liability management activities to optimize asset allocation, ensure proper application of guidelines, reduce costs of borrowing, and control risk;
  • Coordinate all interactions with relevant international rating agencies;
  • Advise and participate in the shareholder capital increases of the Bank and member replenishments of the Fund;
  • Develop work programs of the Department and related budgets;
  • Supervise the work of the Division Managers and evaluate their performance;
  • Provide strategic leadership and vision on the risk management culture of the Bank Group;
  • Develop capacity building programs for investment officers and African Central Banks.
Experience
  • Hold at least a Master's degree in Finance, Business Administration, Economics or related fields.
  • Have a minimum of ten (10) years of relevant professional experience with heavy emphasis in the areas of ALM and Financial Risk Management, including 5 years at a managerial level.
  • Should be able to use financial knowledge to ensure optimal utilization of financial resources;
  • Strong communication skills in English or French; ability to communicate in both languages a plus;
  • Proven excellence in presenting and effectively communicating complex financial and risk management concepts or models to a non-technical audience;
  • Competence in the use of standard software used in the Bank such as Word, Excel, Access and Power Point, knowledge of SAP highly desirable.
Closing Date 
10th November, 2016 

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