Career Openings at the African Development Bank Group

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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.

We are recruiting to fill the position below:

 

 

Job Title: Principal Investment Officer, FITR.3

Reference: ADB/21/054
Location: Abidjan, Côte d’Ivoire
Grade: PL4
Position N°: 50000922

The Complex

• The Vice Presidency for Finance 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 Hiring Department:

• The Treasury Department is responsible for raising funds from capital markets, managing and investing the Bank Group’s liquidity and shareholders’ funds, processing and settling all financial transactions and managing the institution’s banking relationships.

The Position

• The Principal Investment Officer will be responsible for managing multiple fixed income investment portfolios for several entities of the African Development Bank Group.

Duties and Responsibilities
Under the supervision and guidance of the Division Manager, Investments, the Principal Investment Officer will perform the following:

Portfolio management:

• Manages 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 such as swaps and futures; identify and execute investment and trading opportunities within risk parameters. The Principal Investment Officer is expected to manage large liquidity portfolios amounting to several billion Units of Accounts.
• Manages 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.
• Supports the development of the Investment Process and participates in the implementation of the Strategic Asset Allocation.
• Executes 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 and assessing other alternative short-term funding options such as repo transactions.
• Contributes to the credit analysis process by ensuring that specific issuers/counterparties are assessed to ensure their creditworthiness.
• Contributes to the selection process for external portfolio managers by assessing proposals; reviews external portfolio managers’ activities to ensure adequate management of the Bank’s assets by conducting regular meetings and reviewing performance reports.
• Leads key projects on innovation in investment products and strategies by submitting concrete proposals to the Division Manager and Chief Investment Officer. The Principal Investment Officer is expected to be able to lead projects throughout their lifecycle: from their inception to Board approval and then follow up with their implementation.

Financial Policies:

• Contributes to the formulation and reviews the African Development Bank Group’s financial policies by making appropriate policy recommendation to Senior Management, the Board and Asset and Liability Committee; participates in the review of other financial policies including borrowing and currency management policies by providing feedback to proposals from other Divisions.
• Ensures that Process manuals of the Division are up-to-date by contributing to their periodic review.

Market Intelligence & Reporting:

• Monitors political, economic and market developments and assess their implication for the Bank's assets and investment strategy. Monitors Central Banks activities to assess developments in their monetary policies and their implication for interest rate trends and the formulation the investment strategy for the Bank's Investment Portfolio.
• Keeps Division Manager and Treasurer up-to-date on the investment strategy and developments in the financial markets by (i) providing regular updates at Strategy Meetings and through notes, (ii) responding to information requests from the Treasurer, Asset and Liability Committee, the Board, and the rest of the Bank, (iii) producing monthly and quarterly reports presenting performance results and market developments (iv) producing weekly economic and bond market reports prepared by the division.

Advisory & Capacity Building:

• Provides technical assistance to other divisions in areas of risk hedging, fixed income trading, and valuation of bonds and derivatives by reviewing reports produced by other divisions and responding to specific technical requests.
• Provides advisory services and technical assistance to African Central Banks and other financial institutions on fixed income investment management, and risk hedging by responding to specific technical requests or reviewing proposals or policies.
• Designs courses and programs targeted at senior management, middle managers and officers of Central banks and other financial institutions.

External Relationships

• Maintains and manages professional relationships with the investment community, dealer counterparties, central banks and other professionals operating in financial markets, by providing responses to information requests, representing the Bank at conferences and contributing to the expansion of the list of existing Global Master Repurchase Agreement and International Swaps and Derivatives Association agreements.

Analytics, Models and System Development:

• Contributes to the development of analytics tools in the team to improve the team’s capacity to capture and monitor risks; such improvements include the implementation of portfolio analytical tools, such as Profit and Loss attribution analysis, cash flow projections analysis.
• Leads key system development projects designed to improve operational efficiency; Examples include the functional testing of the deployment of Straight-Through Processing and electronic trading platforms.

Selection Criteria

• Hold at least a Master’s Degree in Finance, Economics, Mathematics, Statistics or another relevant quantitative discipline. Relevant Professional Certification such as Chartered Financial Analyst (CFA) or ICMA is a plus.
• Have a minimum of six (6) years of relevant and practical experience in International Capital Markets in general and 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 Banks, investment bank or top tiers asset managers.
• Private sector experience will be an added advantage.
• Takes ownership for projects, establishing key deliverables and timelines, consistently following up with others to ensure target dates are met.
• Provides guidance to others in developing themselves within their area of expertise.
• Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other language.
• Demonstrate a strong work ethic.
• Good knowledge of the use of standard software (Word, Excel, Access, PowerPoint, and web tools); Excel VBA programming skills is desirable.
• Hands-on experience with Treasury systems such as Bloomberg is required; Hands-on experience with Summit and Numerix is advantageous.

Interested and qualified candidates should:Click here to apply

 

 

Job Title: Department Assistant, SNSP

Reference: ADB/21/052
Location: Abidjan, Cote d'Ivoire
Grade: GS6
Position N°: 50001004

The Complex

• The Senior Vice-Presidency complex (SNVP) 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 SNVP 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 SNVP leads senior management discussions, decisions-making process and the implementation of key board and management decisions.

The Hiring Department

• The Strategy and Operational Policy Department (SNSP) plays a key role in shaping a corporate vision and a strategic perspective for the African Development Bank as well as developing the operational policies aimed at guiding the Bank’s agenda.
• The primary roles of the department are: (i) to develop and help maintain (along with other units) corporate strategies and operational policies necessary for the Bank to deliver according to the spirit of its Charter and in line with the Bank’s 2013-2022 Strategy, the High 5 priorities, and other strategies; (ii) to play a prominent role in keeping the Bank a strategy-focused organization in line with its policies;  (iii) to support the Bank in raising its profile and engaging strategically at international fora, as well as to foster cross-fertilization and greater coordination with other MDBs ; and, (iv) to lead the Bank in the development of a new culture of innovation and change, including the incubation of new financial/non-financial  products and business lines.

The Position

• The Department Assistant, a position which falls under General Support Services, provides administrative support for the smooth running of the Department and ensures that the Director is freed from all tasks which could otherwise impede the efficient discharge of high duties and responsibilities.
• Accordingly, the Department Assistant’s job facilitates and contributes to the success of the Director in performing his / her role for the achievement of the High 5s.

Duties and Responsibilities
Under the General guidance and overall supervision of the Director, the Department Assistant will perform the following functions:

Work Flow Management:

• Receive and register all incoming and outgoing documents of the Department;
• Ensure that documents presented for Director’s signature are complete, with necessary attachments and background documents;
• Draft general or administrative correspondence on own initiative or on the basis of instructions and finalize for the Director's signature;
• Verify that outgoing correspondence is presented in accordance with the Bank’s accepted formats and check on probable typographical errors, presentation, completeness and procedural accuracy of all documents submitted to the Director for clearance, approval or signature;
• Review and classify priority and important correspondences and submit accordingly;
• Follow-up and ensure that target dates and deadlines are met using appropriate tracking tools, and that correspondence and queries are responded to in a timely manner;
• Channel correspondence for action by the Director or send directly to the concerned Division, if necessary.

Communication and Liaison:

• Receive visitors and telephone calls with tact and discretion, and act according to the nature and urgency of each, including redirecting to the concerned divisions, as appropriate;
• Screen Director's calls / visitors, make appointments for visitors to meet the Director or the Division Manager concerned;
• Provide background information to the Director / Manager for appointments with official visitors and/or staff members;
• Relay information between Director, Division Manager and other staff members of the department;
• Schedule weekly team and ad hoc meetings for the Director, according to schedules and Director's Agenda for the week;
• Arrange time and venue for meetings, collect necessary background materials of meetings needed from the Departments; Remind staff members about scheduled meetings.

Record Keeping and Documentation:

• Maintain a filing system in both hard and soft copies to meet the needs of the Department;
• Keep a weekly calendar of activities that shows all meetings to be attended by the Director as well as by other staff members. It also includes all external visits to the Department ;
• Obtain briefing and background materials for meetings, seminars, workshops, etc. to be attended by the team's staff, checking their availability and ensuring they have the appropriate briefing files and documents;
• Maintain Contact address / Mailing directory of partners working with the Department.

Office Administration:

• Make travel arrangements for the Director including tickets, hotel reservation, etc.;
• Assist in preparation of presentations using PowerPoint and other software packages on own initiative or on the basis of instructions;
• Perform other office administration tasks (photocopies, emails) when the need arises

Selection Criteria

• Hold at least a Bachelor's degree in Business Management, Commerce, Administration or related discipline;
• Training in secretarial Science and / or Administration and Office Management is advantageous;
• Have a minimum of four (4) years of relevant and practical experience in administrative and secretarial roles, in similar offices of international Organizations, Multilateral Development Banks or similar institutions;
• Good knowledge of administration and office support services, including systems and procedures;
• Knowledge and experience with IT tools and a virtual working applications will be an advantage;
• Good coordination skills - methodical and self-organized;
• Demonstrable commitment to delivering excellent customer service focused reception and administration service;
• Good interpersonal, planning and organizational skills;
• Ability to think quickly to respond to immediate requests;
• Flexibility to adapt, positive attitude towards change, and a constructive and creative approach to problem solving;
• Proficiency in the use of standard equipment (computer, fax, scanner, photocopies, etc.);
• Communication;
• Problem Solving;
• Client Orientation;
• Team working;
• Operational Effectiveness;
• Innovation and Creativity;
• Attention to detail;
• Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other;
• Competence in the use of standard Microsoft Office applications (Word, Excel, Access, PowerPoint, SAP and / or other integrated document management system).

Interested and qualified candidates should:Click here to apply

 

 

Job Title: Senior Internal Auditor, PAGL

Reference: ADB/21/053
Location: Abidjan - Cote d’Ivoire, Ivory Coast
Grade: PL5
Position N°: 50051752, 50001354

The Complex

• The President, plans, supervises and manages the business of the Bank Group. Under the direction of the Boards of Directors, the President conducts the business of the Bank and the African Development Fund and manages operations and activities in accordance with the Agreements establishing the ADB and the ADF.
• The President supervises several Departments and Units including Office of the President (PRST0); Independent Development Evaluation Department (BDEV); Integrity and Anti-Corruption Department (PIAC); Compliance Review and Mediation Unit (BCRM); Secretariat to the Sanctions Appeals Board (BSAB); Administrative Tribunal (BATR); Office of the Auditor General (PAGL); Group Risk Management Directorate (PGRM);  General Counsel and Legal Services Department (PGCL); Communication and External Relations Department (PCER); Staff Integrity and Ethics Office (PETH) and Office of the Secretary General & General Secretariat (PSEG).

The Hiring Department

• Office of the Auditor General provides independent, objective assurance and consulting services designed to add value and improve the Bank’s operations. It also assists the Bank to accomplish its strategic objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
• The Office of the Auditor General is responsible for planning, organizing, directing and controlling a broad, comprehensive program of auditing and consulting/advisory services both internally and externally including, without limitation, all projects and programs of the Bank group.

The Position

• The overall objective of this position is to provide independent and objective assurance and consulting and advisory services in compliance with established professional internal auditing standards.
• The Senior Internal Auditor will perform audits and advisory / consulting services covering Bank Group activities and operations.

Duties and Responsibilities
Under the supervision and guidance of the Division Manager, the Senior Internal Auditor will:

• Conduct audits of highly diversified Bank-wide activities or operations relating to the financial, administrative, and operational functions of the Bank.
• Plan audits and determine the audit objectives, scope, criteria, methodology to be used as well as staff and budget resources required to ensure that the audit adequately covers the selected area of the Bank's operations, activities, systems, and controls.
• Decide on the applicable audit approach and techniques to facilitate the conduct of the audit and prepare the planning memorandum for Manager’s and Auditor General’s approval.
• Prepare Audit Programme or modify existing ones (if any), to ensure a systematic approach to the audit and ensure that the scope of the audit is covered adequately.
• Conduct the fieldwork by collecting data, documents, and information, testing and analysing such information, identifying weaknesses, causes and effects of variances, errors, non-compliance with rules, regulations, policies, procedures, etc with a strong focus on using data analytics and analytical tools.
• As may be applicable, supervise and review the work performed by Audit Assistants and/or Consultants to ensure that objectives are achieved; working papers adequately support the findings, conclusions, and recommendations, and the report is accurate, objective, clear, concise, constructive, and timely while ensuring efficiency and effective use the auditing software.
• Lead or participate in Audit Missions to Member Countries' organizations, Project Executing Agencies, and Sites.  Advice on compliance with Bank Rules, Regulations, Policies, and Procedures to improve project implementation.
• Select, present and discuss audit findings of particularly significant impact or recommendations for substantial changes in procedures, workflow or organization, with concerned Managers and Directors to obtain their agreement.
• Prepare the Preliminary Audit Report containing observations, conclusions, and recommendations to tighten controls, safeguard the assets or image of the Bank, improve working procedures and ensure that resources are efficiently utilized, under the supervision of the Manager for transmission to the Auditor General.
• Prepare the Final Internal Audit Report after incorporating the comments of the auditee Departments under the supervision of the Manager for transmission to the Auditor General.
• Monitor the implementation of audit recommendations to ensure that the weaknesses observed are corrected and do not recur.
• Give advice to other departments and Committees on matters relating to internal control, audit of Bank projects, procedures, financial management, operational issues to facilitate their decision-making process.
• Propose and prepare broad audit guidelines, audit manuals, procedures, and standards for internal audit activities to ensures consistency of audit approach, independence, objectivity, professional proficiency, and due care.
• As may be required, participate in the External Quality Assurance Reviews usually conducted by External Auditors or Institute of External Auditors or Internal Audit Department of a Multilateral Development Bank, to facilitate their work by collecting all the data, documents, information requested in all Departments, sending survey questionnaires to all Directors, arranging and attending their meetings with Directors and Top Management, reading and commenting on their draft Reports.
• Train, direct and counsel less experienced Internal Auditors in the performance of audit assignments to ensure compliance with audit procedures, proficiency and time schedules.
• Participate in the preparation of the department’s statutory reports like the annual activity report, annual work program, report on follow up of the implementation of audit recommendations among other reports as may be requested by the Manager and/or the Auditor General.
• Participate / carry out knowledge management activities within and outside the department like facilitating at training events, retreats, staff orientation programs and other client liaison activities.
• Provide technical updates to the audit team on new developments in the profession.

Selection Criteria

• A minimum of a Master's degree in Audit, Finance, Accounting, Business Administration, preferably combined with an internationally recognized professional accounting / auditing qualification (“Expert Comptable” Chartered / Certified Public Accountant designation).
• A minimum of five (5) years of auditing experience in an internationally recognized professional accounting firm or an International Financial Institution.  Practical data analytics experience would be a plus.
• Sound knowledge and auditing experience of private and public sector operations, financial instruments, and information systems such as SAP Hana system, Enterprise Risk Management (ERM), Integrated Audit Approach.
• Good interpersonal, supervisory, communication and analytical skills. Demonstrated capacity to influence and inspire team members.
• Ability to deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues
• Demonstrated ability to meet deadlines while ensuring quality and exceeding client expectations.
• Ability to apply international audit standards to deliver quality audit report in line with the Bank’s strategy needs / situation.
• Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other language.
• Proficiency in use of computer Aided Audit tools like ACL, Pentana, TeamMate, etc. Experience in the use of data analytical tools is a plus.

Interested and qualified candidates should:Click here to apply

 

Application Deadline 18th April, 2021.

 

Important Information & Notice

• This position is classified as international recruitment and attracts international terms and conditions of employment.
• Should you encounter technical difficulties in submitting your application, please send an email with a precise description of the issue and/or a screenshot showing the problem to HR Direct via: [email protected]
• To apply for this position, you need to be national of one of AfDB member countries.
• Applicants who fully meet the Bank's requirements and are considered for interview will be contacted. Only online applications submitted with a comprehensive Curriculum Vitae (CV) and copies of the required degrees will be considered. The President, AfDB, reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer. Female candidates are strongly encouraged to apply.
• The African Development Bank Group (AfDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the Bank does not request information on applicants’ bank accounts. The African Development Bank Group declines all responsibility for the fraudulent publications of job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.

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