Job Opportunities at the African Development Bank | Naijahotjobs, jobs in nigeria, latest jobs in nigeria

Job Opportunities at the African Development Bank

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. In order to sharply focus the objectives of the Ten Year Strategy (2013-2022) and ensure greater developmental impact, five major areas, all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa. The Bank is seeking to build a management team that will lead the successful implementation of this vision.


Grade: PL-2
Position N°: 50000898
Reference: ADB/16/115

The Vice Presidency for Finance (FNVP) oversees the financial management of the Bank Group. This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group. The Finance Complex is also responsible for the development of and training on the financial products of the Bank Group. In addition, the Administrator of the Staff Retirement Plan (SRP) reports to the Vice President FNVP.

The role of the Capital Markets and Financial Operations Division (FTRY1) is among others, to:  (i) Raise cost effective resources from the capital markets; the 2015 borrowing program has been set at about USD 6 billion; (ii) Contribute to the Capital Increases process and administer the subscriptions of shareholders to the capital of the African Development Bank (ADB). The ADB has 80 member countries and an authorized capital of about USD 100 billion; (iii) Contribute to the African Development Fund (ADF) replenishment negotiations and administer the subscriptions of donors to the ADF and Multilateral Debt Relief Initiative (MDRI); cumulative subscriptions by donors to ADF is about USD 35 billion; and (iv) prepare the Financial presentation document of the Bank.

The Division must target financial instruments, structures and markets that will allow the Bank to raise funds at the most attractive levels as such levels determine the competitiveness of the Bank and its ability to fulfil its development mandate.  Its activities should also be handled in the context of maintaining the Bank Group’s strong financial integrity, robust risk management framework as well as its overall objectives, policies and guidelines. The candidate will also be responsible for executing asset and liability management transactions to optimise borrowing costs; contribute to the Bank’s efforts in ensuring that it maintains its ‘AAA’ credit ratings; and promote the Bank’s image among shareholders, market participants, notably rating agencies, investment banks and investors. The Division also participates in all negotiations for capital increases of the Bank and replenishment of the Fund, and implements the resolutions related thereto, including managing the subscriptions and contributions of shareholders.

Under the supervision of the Director Treasury Department (FTRY), the Division Manager will principally be responsible for the implementation and execution of the African Development Banks annual borrowing program as approved by the Board of Directors. This will entail raising resources from the capital markets in a cost effective manner with view to financing the Banks clients at attractive levels as well as in meeting the Bank’s liquidity and cash requirements  The Division Manager will among other activities ensure strict compliance with guidelines prescribed by the Bank’s financial regulations and long-standing practices, relevant operating procedures manuals, the Asset and Liability Management (ALM) guidelines as well as apply best practices for the funding of capital markets transactions and keeping a--- of trends in those markets and reporting these as appropriate to the relevant organs of the Bank. The Manager will develop and lead the Division’s work program and is responsible for attainment of relevant key performance indicators assigned to the division.

The Manager will be responsible for providing leadership and supervising the implementation of the ADF financing framework, the management of subscriptions of the capital of the Bank and the MDRI. He/she will advise Management and participate in technical discussions related to Bank capital increases and replenishments of ADF.

The Division Manager will manage and supervise the personnel and activities of the Division, determine the overall objectives, oversee the execution of the work program and ensure effective use of the Division’s budget. Her/his duties and responsibilities will include the following:

Lead and coordinate the formulation of the Bank’s funding strategy and the preparation of the Bank’s annual borrowing programs; oversee and ensure regular review and update of the Bank’s borrowing documentation;
Oversee the execution of the Bank’s annual funding program in the capital markets in line with its funding strategy, conservative asset and liability management framework, policies, guidelines and benchmarks;
Provide leadership in the analysis of capital market trends and their likely impact on the Bank’s liability and derivatives portfolios; lead and supervise the asset/liability management activities of the Division;
Build and maintain the Bank’s reputation in the capital markets by developing and maintaining frequent contact with investment banks, and investors as well as through representing the Bank at seminars, and conferences on relevant capital market topics; maintain constant flow of discussions on market developments with counterparties and inspire the staff of the Division to do the same. Manage the investors’ relations program to deepen and widen the Bank’s investor base, updating them on the Bank’s credit story. Manage relationships with investors.
Lead the administrative management of subscriptions of the ADF, the African Development Bank and the MDRI;
Advise Management and participate in discussions on capital increases and ADF replenishments; prepare relevant technical papers;
Manage the process related to the implementation of the ADB, ADF resolutions and MDRI;
Manage relationships with member countries and donors Administrative management of subscriptions and contributions.
Participate in the Bank’s credit rating review process; participate in the review of the Bank’s financial policies; lead the preparation of the financial presentation of the Bank for the annual meeting; lead the preparation of the administrative hedge of the Bank’s budget.

Including desirable skills, knowledge and experience
Hold at least a Master's degree in Finance, Business administration, Economics, Statistics or related quantitative discipline;
Have a minimum of eight (8) years of professional experience in international Capital Markets, fixed income markets;
Dynamic, achievement-focused leader and manager with an established performance record and extensive experience in global capital markets;
Excellent communication and presentation skills required in English, working knowledge of French will be an advantage;
High degree of personal commitment, interpersonal skills with proven communication, leadership, management and supervisory skills;
Ability to work effectively with individuals of different views, culture, nationality, gender and age;
Strong ability to cope with multiple demands and competing priorities under pressure;
Competence with standard Microsoft Office software (Word, Excel, Access, PowerPoint) as well as Bloomberg;
Knowledge of Summit/Numerix would be an advantage.


Grade: EL5
Position N°: 50064864
Reference: ADB/16/116


The Senior Vice-President is responsible for supporting the President in the day-to-day management of the Bank Group to achieve it strategic objective, and drive performance culture that will align all processes and systems to deliver high impact results. The SVP will provide effective leadership and exceptional coordination to ensure implementation and monitoring of key corporate decisions as well as the identification of necessary corrective measures and actions. The SVP will lead senior management discussions, decisions-making process and the implementation of key board and management decisions.

The Director, Special Operations to be housed under the SVP to support the President and SVP on important time-bound projects that are complex and critical and need coordination across multiple complexes.

The Bank’s Board of Directors have approved the Development and Business Delivery Model (DBDM) for scaling up the Bank’s operations and meeting its Ten Year Strategy through the High5s.  Following this, the five Strategies for implementing the High5s have either already been approved or are awaiting approval by the Board.  In addition, the Bank launched a New Deal on Energy and the Board also recently approved the proposal for updating the Bank’s Decentralisation Action Plan in support of the DBDM.  In order to ensure the successful implementation of these initiatives, the President announced the establishment of a Transition Management Team (TMT) and the Delivery and Accountability and Process Efficiency Committee (DAPEC).  With the return of the Bank to its Headquarters, there is a need for the strategic implementation of a world-class facilities plan that is fit for the Bank’s purpose.

Given these strategic and critical organizational initiatives and projects, the Director Special Operations, will be responsible for cross-Complex project management, strategic planning, and implementation support as assigned by the Senior Vice President (SVP) and/or the President (PRST). The position is housed in the office of the Senior Vice President.

Responsible for coordinating the implementation of special projects and strategic initiatives, emanating from the transformative agenda for Africa and the High 5’s as determined by the SVP and President.
Lead selected special projects that require cross-functional engagement with key units/staff across the organization, and with external stakeholders, as appropriate.
Proactively identify and engage individual organizational units or experts, as well as informational resources that can help frame and advance the achievement of the special projects and initiatives
Provide thought leadership on whether the Bank can play a meaningful role in advancing its interests on key trends or emerging issues resulting from working on such initiatives.
Lead cross-departmental Working Groups that will ensure the delivery of business process efficiencies across the Bank.
Provide staff support to the Senior Vice President and the President for the convening of a range of high level meetings relating to the transformative agenda for Africa.
Other duties as assigned by the Senior Vice President or President.

Including desirable skills, knowledge and experience
Hold at least a Master’s degree (or its equivalent) in Economics, Finance, Business Administration, Social Sciences or related disciplines.
Have a minimum of ten (10) years of extensive work experience in operations policy development.
Track record of thinking conceptually and mastering complex subject matters quickly.
Strong organizational skills and demonstrated capacity to develop and implement practical strategies, plans, and solutions to identified issues and problems.
Proven ability to assimilate information gathered through research and consultations, to apply that information in creative and cross-cutting ways, and to synthesize appropriate strategies and responses.
Superior critical thinking skills, including the capacity to identify and appropriately assess and order competing interests and priorities.
Track record of taking initiatives in managing competing organizational and departmental priorities and to work effectively under pressure when facing extremely short deadlines.
Exceptional research, writing, analytical and organizational skills, and the ability to convey complex concepts in a clear, concise and logical manner.
Good judgment, discretion, tact and the ability to work easily with senior leaders within the Bank, and business sectors.
Ability to partner well with colleagues both in and outside the Bank.
Ability to work independently and to undertake supervisory responsibilities as needed.
Excellent coordination skills and ability to converse easily with multi sectoral teams on complex assignments.
Excellent verbal and written communication skills in English and/or French, with a working knowledge of the other language.
Competence in the use of ERP Systems (preferably SAP) and standard MS office applications (Word, Excel, Access, PowerPoint).

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DUE DATE: 11 December, 2016


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