New Job Positions at African Development Bank Group (AfDB), 24th April 2019

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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 positions below:       Job Title: Chief Quantitative Risk Officer Reference: ADB/19/076 Location: Côte d’Ivoire Grade: PL3 Position N°: 50065854 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 (PGRF);  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:

• The Risk Management Department (PGRF) develops policies and guidelines, methodologies and systems relating to credit risk assessment, market risk and operational risk, and as well as ensures internal consistency of all of the Bank’s risk management policies and guidelines, including those initiated and developed by other departments
• The department main mandate is to safeguard the Bank’s financial integrity, consolidate all core-risk management activities of the Bank in order to exercise comprehensive oversight over the Bank’s risk exposure
• In delivering its mission, PGRF focuses largely on promoting the Bank Group’s strategic goals within a defined risk tolerance framework.

The Position

• The overall purpose of Chief Quantitative Risk Officer is to identify and monitor the credit risk, determine the Bank’s economic and capital adequacy, review and ensure the integrity of credit models, and the reasonableness of their assumptions
• The selected candidate should ensure compliance with the capital adequacy policy, International Financial Reporting Standards 9 requirements, determine the Bank’s lending program with regard to the concentration risk, and formulate, review and update credit risk policies, guidelines and procedures.

Duties and Responsibilities Under the supervision and guidance of the division manager, the Chief Quantitative Risk Officer will:

• Lead the development and updating of policies and guidelines, including procedures and processes relating to the bank’s economic, capital adequacy and optimization, credit models and portfolio monitoring.
• Lead the computation and calibration of the Bank’s credit risk parameters: Probabilities of Defaults, Loss Given Defaults, Expected Credit Losses of the sovereign and non-sovereign portfolios, and Correlation between asset classes.
• Review, report and ensure compliance of the Bank with its capital adequacy framework and accounting standards such as International Financial Reporting Standards 9.
• Lead the periodic review and validation of credit risk and rating models.
• Lead the development and upgrading of risk identification and assessment methodologies, including appropriate assessment, monitoring and management tools and systems.
• Manage prudential ratios and concentration risk and ensure compliance with risk appetite limits.
• Lead the lending scenario analysis and assess the impact on the Bank’s prudential ratios as well as on the countries exposure limits. Lead data handling and analysis, and stress testing results.
• Participate in the sovereign and non-sovereign credit risk assessments.
• Model, participate to the different working groups on the optimization of the Bank’s balance sheet e.g. Exposure Exchange Agreement, R2R transactions, and monitor structured transactions/portfolios.
• Maintain a close relationship with key partners, including the Bretton Woods Institutions, to review the Bank Group’s credit management policies and guidelines.

Selection Criteria Including desirable skills, knowledge and experience

• Holds at least Master's Degree or equivalent in Financial Engineering, Risk Management, Applied Finance, International Banking or Economics.
• A minimum of seven (7) years of relevant experience in risk management and/or credit modelling.
• Very strong knowledge of credit/market risk models and techniques, capital adequacy requirements, International Financial Reporting Standards.
• Good knowledge of risk mitigation products, credit risk derivatives and structured/synthetic credit instruments.
• Good knowledge of the Bank’s development mission, products, and credit risk policies.
• Excellent organizational, analytical and problem-solving skills. High-level proficiency of data management and demonstrated quantitative analysis and analytical skills.
• Problem solving: Apply business knowledge to the resolution of problems and identify solutions to the benefit of the division and the organization.
• Communication: Provide clear and concise oral and written communication; present oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience.
• Operational effectiveness: Ensure that full use is made of the systems, procedures and culture within the organization in order to deliver the required results.
• Innovation and Creativity: Search for and produce innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients.
• Teamwork & Relationships: Work with others to maximize the effectiveness of the team as a whole, share the knowledge and workload. Develop strong working relationships with colleagues and contribute to creation of a positive team environment.
• 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 MS office applications (Word, Excel, Access, and PowerPoint).

        Job Title: Senior Country Risk Officer Reference: ADB/19/077 Location: Côte d’Ivoire Grade: PL5 Position N°: 50097591 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 (PGRF);  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:

• The Risk Management Department (PGRF) develops policies and guidelines, methodologies and systems relating to credit risk assessment, market risk and operational risk, and as well as ensures internal consistency of all of the Bank’s risk management policies and guidelines, including those initiated and developed by other departments.
• The department main mandate is to safeguard the Bank’s financial integrity, consolidate all core-risk management activities of the Bank in order to exercise comprehensive oversight over the Bank’s risk exposure.
• In delivering its mission, PGRF focuses largely on promoting the Bank Group’s strategic goals within a defined risk tolerance framework.

The Position

• The Senior Country Risk Officer will monitor credit risk of the sovereign portfolio, analyze the evolution of the Bank’s risk profile and its risk bearing capacity, provide advice with respect to the lending headroom, and ensure that country risk ratings are up-to-date.

Duties and Responsibilities Under the supervision and guidance of the Division’s Manager, the Senior Country Risk Officer will:

• Participate in the annual country risk review, its regular updates and prepare country risk reports.
• Assess and monitor country credit risk of the Bank’s Regional Members Countries (RMCs), and update associated Bank’s lending commitments and exposure limits.
• Monitor compliance with the Bank’s country exposures limits as well as lending programs used in country profile notes and strategy papers.
• Prepare the Bank’s capital adequacy reports and undertake necessary data management and reconciliation.
• Develop, review and improve credit risk methodologies, process and systems for assessing and managing sovereign risk and capital adequacy.
• Collect relevant credit related information from economic intelligence sources and publications, prepare internal credit assessments and present credit risk recommendations and ratings.
• Undertake data management and analytical work required to prepare the quarterly sovereign credit risk review, and the quarterly capital adequacy report.
• Undertake missions with other teams to prepare special country risk reports of individual RMCs.
• Maintain the division’s risk database; ensure its integrity and accuracy, and periodic updates.
• Maintain a close relationship with internal and external stakeholders, e.g. Bretton Woods Institutions, to review the Bank Group’s credit management policies and guidelines.

Selection Criteria Including desirable skills, knowledge and experience:

• Holds at least a Master’s degree or equivalent in Economics, Finance, Risk Management, and International Banking and/or Economics.
• A minimum of five (5) years of relevant experience in credit risk analysis and/or financial management.
• Knowledge of sovereign risk analysis, and debt relief mechanisms in emerging markets.
• Knowledge of credit risk management techniques, derivatives, capital adequacy standards and structured credit instruments.
• Clear understanding of the Bank’s development mission, products, and credit risk policies.
• Excellent organizational, analytical and problem-solving skills. High-level proficiency of data management and quantitative analysis/modeling.
• Problem solving: Apply business knowledge to the resolution of problems and identify solutions to the benefit of the division and the organization.
• Communication: Provide clear and concise oral and written communication; present oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience.
• Operational effectiveness: Ensure that full use is made of the systems, procedures and culture within the organization in order to deliver the required results.
• Innovation & Creativity: Search for and produce innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients.
• Teamwork & Relationships: Work with others to maximize the effectiveness of the team as a whole, sharing the knowledge and workload. Develop strong working relationships with colleagues and contribute to creation of a positive team environment
• 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 MS office applications (Word, Excel, Access, and PowerPoint) and SAP.

      Job Title: Chief Strategy Officer Reference: ADB/19/083 Location: Côte d’Ivoire Grade: PL3 Position N°: 50076482 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:

• 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;
• To play a prominent role in keeping the Bank a strategy-focused organization in line with its policies;
• 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,
• 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 key objectives of the position of the Chief Strategy Officer will be to:

• Conduct or facilitate policy analysis of the different dimensions of sector plans and processes to ensure coherence of advice to management and country programmes (CSPs), project design and implementation support.
• Monitor and report on the implementation of Bank strategies and action plans.
• Support operational sector departments in developing, and consolidating sector-specific strategies and policies in line with the Bank’s overall strategy

Duties and responsibilities Under the supervision of the Manager - Corporate Strategy and Policy, the Chief Strategy Officer  will perform the following:

• Participate as part of the core department in corporate strategy development and its subsequent monitoring, reporting, updating and ensuring their alignment with the strategic planning directions and strategy.
• Lead the analysis of legal, economic, policy, social and institutional frameworks related to selected sectors from the perspective of their adequacy, relevance and suitability.
• Contribute to a transformative and enabling institutional, policy and legal environment for the creation of sustainable sector dialogue through sound policy advice to both internal and external clients.
• Support the development of the Bank’s existing skillset in policy analysis to ensure that it can advise RMCs, RECs and other bodies on key levers within the overall policy matrix that are critical to driving agricultural transformation.
• Support operational sector departments in developing, and consolidating sector-specific and regional strategies and action plans in line with the High 5 strategic objectives.
• Work with sectors departments, RMCs and the private sector to broaden their awareness on policy issues that affect agriculture and rural development processes as well as developing innovative solutions.
• Monitor and report on the implementation of Bank group strategies.
• Provide support to Senior Management in the formulation of strategic policy objectives, and ensure their alignment with the strategic planning orientations and the Bank Strategy 2013-2022.
• Provide support to the office of the President as required, in particular on recent policy developments, and on the Bank’s response to emerging international issues.
• Support Strategic communications related to the Bank group strategies and policies.
• Initiate and take lead in the Bank’s knowledge management effort especially in the area of agriculture and rural development.
• Provide leadership to junior staff, consultants and interns.
• Attend, where necessary, local, regional or national meetings on behalf of the Department on issues of agricultural and rural development.
• Undertake any other assignments as may be assigned by the Manager or Director.

Selection Criteria Including desirable skills, knowledge and experience:

• Hold at least a Master's degree or its equivalent in Economics, Macroeconomics or Development Economics, Finance, Strategic Management, Engineering or related development fields and a broad knowledge of development issues in Africa.
• Have a minimum of seven (7) years of relevant experience as a development specialist; sector specific specialisation (agriculture, private sector, infrastructure, industry, etc) will be an added advantage;
• Solid experience in leading and coordinating the development of corporate policies, strategies and other directional documents.
• Ability to develop corporate policies, strategies and other directional documents.
• Client and results oriented individual with a “can do” attitude.
• Effective consulting, analytical and advisory skills that enable and support the work of clients in rural development.
• Ability to work independently with little supervision.
• Good understanding of development economics and specificities of Regional Members Countries.
• Experience with multilateral development banks and international organizations is an asset.
• Experience and exposure to infrastructure and operational issues, and ability to provide advice, assistance and advice on these issues, will be an advantage.
• Ability to work collaboratively with several teams of multi-cultural backgrounds, both internally and externally to the Bank.
• Ability to manage multiple and simultaneous and shifting demands, priorities and tight deadlines.
• Innovation and creativity.
• Communication.
• Problem solving.
• Team working and relationships.
• Operational effectiveness.
• 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 MS office applications (Word, Excel, Access, and PowerPoint) and preferably SAP.

    How to Apply Interested and qualified candidates should: Click here to apply Note: This position is classified international status and attracts international terms and conditions of employment   Application Deadline  23rd May, 2019.

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