African Development Bank Job in Nigeria for a Division Manager - Capital Markets & Financial Operations (FTRY1)
African Development Bank (AfDB) established to strengthen dialogue
between the Bank and the Government, is recruiting to fill the vacant
position of:
Job Title: Division Manager - Capital Markets & Financial Operations (FTRY1)
Reference: ADB/15/106
Location: Nigeria
Grade: PL-2
Position N°: 50000898
Objectives
Under the direction of the Treasurer and Director, Treasury Department
(FTRY), the incumbent will supervise the work of the Capital Markets ad
Financial Operations Division (FTRY.1).
- The role of the Capital Markets and Financial Operations Division) is among others, to:
- Raise cost effective resources from the capital markets. The 2015 borrowing program has been set at about USD 6 billion;
- Contribute to the ADF replenishment negotiations and administer
the subscriptions of donors to the African Development Fund and
Multilateral Debt Relief Initiative. Cumulative subscriptions by donors
to ADF is about USD 35 billion; and
- Prepare the Financial presentation document of the Bank.
- Contribute to the Capital Increases process and administer the
subscriptions of shareholders to the capital of the African Development
Bank. The AfDB has 80 member countries and an authorized capital of
about USD 100 billion;
Duties and Responsibilities
- 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.
The candidate will manage and supervise the personnel and activities of
the Division, determine the overall objectives, oversee the execution
of the work program and ensure effectiveness use of the Division’s
budget. Her/his duties and responsibilities will include the following:
Manage the implementation of the borrowing program and management of liabilities:
- 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.
Administer resources and subscriptions of the ADB, ADF and Multilateral Debt Relief Initiative (MDRI):
- Lead the administrative management of subscriptions of the
African Development Fund, the African Development Bank and the
Multilateral Debt Relief Initiative;
- 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.
- 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
Selection Criteria
Including desirable skills, knowledge and experience:
- At least a Master's Degree in Finance, Business administration, Economics, Statistics or related quantitative discipline;
- 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
- Command of standard computer software applications such as Word, Excel, PowerPoint as well as Bloomberg
- Knowledge of Summit/Numerix would be an advantage
- 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;
How to Apply
Interested and qualified and candidates should:
Click here to apply
Note: This position has previously been advertised.
Candidates who have already applied need not reapply as their
applications will be considered. The position is classified
International status and attracts international terms and conditions of
employment
Application Deadline 12th December, 2015.