Vacancies at African Development Bank Group (AfDB)

Abidjan, Cote d'Ivoire

Company Info

Large organization

200 + Employees

African Development Bank Group (AfDB)

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.

1). Division Manager – Syndications and Co-financing (FIST1)

Position Number: 50092453

Location: Abidjan, Cote d’Ivoire

Position Grade: PL2

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 / Division

  • The Syndication, Co-Financing and Client Solutions Department mobilizes and leverages resources in Africa and outside Africa for the financing of investment projects and programs; promotes the investment of public and private capital in Africa in projects or programs designed to contribute to the economic development or social progress of the Bank’s Regional Member Countries; designing innovative structured finance products and solutions for the Bank’s clients; structuring significant risk transfer instruments for balance sheet optimization or capital management; and implementing and administering co-financing facilities, local currency financing solutions and blended financing mechanisms.

The Position
The position of Division manager of Syndication and Co-Financing reports to the Director of Syndication, Co-Financing and Client Solutions Department and has the overall responsibility to:

  • Provide centralized syndication and co-financing for the entire Bank Group in the public and private sectors for lending operations
  • Establish the African Development Bank as the leading arranger of syndication and co-financing in Africa;
  • Supervise the effective implementation of various in-house co-financing facilities and design and negotiate new co-financing agreements;
  • Mobilize funding from all external investors – commercial banks, Development Finance Institutions, Export Credit Agencies, Pension Funds, etc. – to leverage the development impact and the effective deployment of the Banks’s risk capital;
  • Mobilize resources from the many development partners and other related agencies with whom the African Development Bank has ongoing syndication or co-financing relationships or with whom  Memorandums of Understanding have been signed;
  • Institutionalize blended finance in the Bank while working with the resource mobilization department to attract concessional and grant resources to support the Bank’s blended finance action plan;
  • Integrate syndication and co-financing into operations, so that the mobilization of external funding becomes the standard business model;
  • Support investment officers and task managers in identifying co-financing opportunities and promoting the unit’s products to borrowers/sponsors;
  • Assist with the structuring and pricing of proposals by feeding back market intelligence;
  • Enable the Bank to manage its existing portfolio of assets through secondary sales/securitizations and any other balance sheet optimization mechanism.

Duties and Responsibilities
Under the general supervision of the Director, the duties and responsibilities of the Division Manager include:

  • Lead the syndication process for transactions where the Bank is appointed lead or co-lead arranger and execute A/B loan co-financing and development finance institution syndications, sharing responsibilities, as appropriate, with co-arrangers.
  • Assist in formulating the design and implementation of a syndication and co-financing strategy and associated guidelines to ensure a fully integrated function with the Bank’s operations while aligning with market best practices.
  • Provide solutions to fund-raising and resource mobilization issues for operations and develop new mobilization approaches/products and partners.
  • Proactively engage and provide structuring guidance to Investment Officers and Project Officers, and actively participate in the presentation of co-financing options and proposals, and mandate letters to clients, emphasizing the benefits of syndication and co-financing.
  • Collaborate, among others, with the operations teams (Public and Private)/Financial Control/Financial Treasury, Financial Management, Legal and other departments of the Bank to build capacity to act as an agent for all B-loans, syndications of development finance institutions and other co-financing.
  • Establish and implement a blended financing strategy to mobilize concessional financing in accordance with the MDB Working Group’s blended financing principles.
  • Establish, operationalize and implement co-financing agreements and build working relationships with the broadest range of public and commercial co-financiers.
  • Lead the development and adaptation of financial policies, strategies and programs applicable to the department’s activities in order to catalyze the use of concessional and non-concessional financing in Bank projects.
  • Provide market intelligence and financial market analysis within the organization with respect to pricing, practices and trends, and develop and leverage relationships with co-lenders (commercial banks, IFIs/DFIs, institutional investors). This includes working closely with and providing data to the Credit Risk Committee for review.
  • Establish and implement an insurance system to enhance the credit-worthiness of Bank operations at origination.
  • Develop internal operational processes and procedures for the department, as well as financial instruments and performance indicators to encourage, integrate, and scale up co-financing, syndication, and mobilization activities.
  • Provide overall guidance and leadership in the management and development of the Bank Group’s current and future financial products.  This includes innovating and staying current with the various financial products available in the multilateral landscape and maintaining leading edge skills and capacities through continuous engagement with the market.
  • Create and maintain sustainable partnerships with a wide range of investors, including interfacing with DFIs, institutional investors, commercial and investment banks.
  • Provide leadership in the development of the Syndication and Co-Financing division business and work closely with the Director and the other Manager to raise the profile of the Department’s activities, both externally and internally.
  • Assume the duties of Acting Director, as required.
  • Perform other duties as assigned by the Director.

Competence (Skills, Experience and Knowledge):

  • Have at least a Master’s Degree in Economics, Finance and/or Business Administration or a related field.
  • Have at least eight (8) years of relevant experience in reputable financial institutions. At least five (5) years of this experience must have been acquired at the managerial level. A track record of direct responsibility for at least 5 successfully executed syndication/co-financing deals is required
  • Have sound knowledge of market instruments and sources of market financing (sovereign bond financing, municipal/sub-sovereign financing, syndicated loans/infrastructure financing), other financing sources and risk management/hedging products.
  • Have good knowledge of fundraising and on-lending activities in capital market development, especially in Africa.
  • Excellent knowledge of financial issues faced by sovereign and non-sovereign clients in developing countries and policies related to the Bank’s mandate.
  • Broad knowledge of capital markets and proven knowledge of project finance and the use of risk mitigation instruments to catalyze private capital.
  • Thorough knowledge and understanding of the major risk transfer instruments including, but not limited to, insurance, asset sell down, funded and unfunded risk participation, and their impact on balance sheets.
  • In-depth knowledge of structured finance, with the ability to provide innovative financing solutions to various stakeholders.
  • Ability to demonstrate a high level of integrity and decisiveness, including taking responsibility and holding others accountable for results.
  • Ability to set strategic direction and ensure its implementation.
  • Be highly customer-focused, with the ability to build strong relationships and interact effectively with customers and business contacts at a management and team level.
  • Possess strong experience in investment and development banking and have worked on projects for the private sector, public entities, utilities/infrastructure authorities and governments.
  • Have strong, proven written communication and presentation skills.
  • Proven experience in leading large and complex teams, supporting and coaching department staff, and building teams.
  • Have good business acumen and decision-making skills.
  • Have good problem-solving skills
  • Ability to communicate effectively (written and oral) in English or French, with a good working knowledge of the other language.
  • Proficiency in the use of standard Microsoft Office Suite applications (Word, Excel, Access, PowerPoint); proficiency in SAP is highly desirable.

Application Closing Date
28th November, 2023.

Note: This position is classified as international status and attracts international terms and conditions of employment.

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2). Principal Programme Coordinator

Position Number: 50093758
Location: Abidjan, Cote d’Ivoire
Position Grade: PL4

The Complex

  • The Vice Presidency for ‘Private Sector, Infrastructure and Industrialization’ is a Sector Complex focusing on the Bank’s Ten-Year Strategy and High 5s priority of “Industrialize Africa” and “Integrate Africa”.
  • The Complex also plays pivotal role in the implementation of the other High 5s, namely Power Africa, Feed Africa and Improve the Quality of life for the People of Africa. The objectives of the Complex are to: (i) develop the ‘Africa Industrialization Strategy’; (ii) provide deep sector expertise to the Regions by leveraging on experienced individuals who can be consulted on complex transactions; (iii) develop new financing instruments; (iv) act as the Bank’s Spoke person on “Industrialize Africa”.
  • The Complex is also responsible for the overall coordination of the Private Sector and Non-Sovereign Operations (NSO) across the Bank, working closely with other sector Complexes.
  • In this regard, the complex leads the development and implementation of the Private Sector Development Strategy, the Financial Sector Development Strategy, the Industrialization Strategy including the Pharmaceutical Manufacturing Action Plan, the Public, Private Partnership (PPP) Strategic Framework, and the related action plans and policy guidelines.
  • These responsibilities also include business development, transaction support, Equity oversight, Corporate Portfolio Management, standards enforcement, oversight, monitoring and reporting. The Complex is at the centre of the Bank’s Private Sector and NSO development and delivery.

The Hiring Department / Division

  • The role of the Bank’s Non-Sovereign Operations (NSO) and Private Sector Support Department (PINS) is to support the promotion of private sector development in Regional Member Countries, particularly through transaction structuring advice that ensures bankable transactions, as well as project and corporate portfolio management (e.g., evaluation, monitoring and reporting) of all NSOs, in line with the Bank’s Ten Year Strategy, High 5s initiatives, and the Bank’s 5 year private sector development strategy 2021-2025.
  • PINS will primary serve as a second line of defense for all NSOs of the Bank by identifying any red flags and providing:(i) transaction structuring advice and operational support to NSO-originating departments as needed; and (ii) project and corporate portfolio management (evaluation, monitoring, reporting as well as remedial management actions), (iii) a comprehensive customer relationship and project documentation database as well as knowledge management; and, (iv) various guidelines, operational procedure manuals and training initiatives.
  • The Department thus provides all Sector Complexes with corporate support on NSOs and transaction guidelines.
  • The services provided are therefore pooled together for use by the Bank’s NSO business origination departments.
  • As part of the front office of the Directorate, the Programme Coordinator is responsible for ensuring that all PINS Work programme are delivered on time and that the Director’s commitments and engagements are met.

The Position
The purpose of the job is as follows:

  • The job holder will be responsible for the overall coordination of the work program of the NSOs and Transaction Support Department (PINS) and will also be responsible for delivering support to the Portfolio Management and the Transaction Advisory teams.
  • The incumbent will also help in coordinating the Director’s front office as well as private sector-related work handled by the Sector departments and the Directorate Generals.

Duties and Responsibilities
Under the general guidance and supervision of the Director PINS, the Principal Programme Coordinator will perform the following duties and responsibilities:

  • Supervise and guide the implementation of the department work program, ensure quality delivery, strategic alignment and resource optimization.
  • Report to the Director on work programme progress and identify critical areas that deserve specific support and provide recommendations as appropriate.
  • Liaising with the two directorate’s divisions, Sector departments, and the Directorate Generals, and other key stakeholder to ensure coherence and complementarity across activities.
  • Ensure rigorous management of budgetary resources and lead management of Department budget cycle exercises including budget preparation, execution, monitoring and reporting.
  • Ensure general procurements of the Department are executed in compliance with Bank’s rules and processes.
  • Work closely with PINS Compliance Oversight team for a close follow-up, monitoring and implementation of audit recommendations (internal and external related to private sector operations.
  • Follow up on requests from the Bank’s Vice Presidents, Director Generals, Deputy Director Generals, Sector Directors to the Director PINS and ensure they are adequately addressed.
  • Coordinate PINS Director’s inputs on various committees (Credit Risk Committee (CRC), Asset & Liability Committee (ALCO), etc) and ensure the Department’s role in the Operations Committee (Opscom)’ Quality Assurance Group Committee is fulfilled.
  • Assist in policy discussions with Regional Member Countries (RMCs) officials and in raising external funding from Bank’s partners.
  • Represent the Director in High Level meetings in the Bank but also with external Partners or Clients.
  • Ensure follow up/Draft Director’s briefing materials i.e., talking points, speeches, media program etc;
  • Build relationships with clients, global and regional private businesses, banking and multilateral partners and government officials.
  • Serve as the Secretary to the Department Management Team (DMT).
  • Coordinate various assistants and support staff in the Department.

Competence (Skills, Experience and Knowledge):

  • Minimum of a Master’s Degree in Business Administration, Finance, Economics, Management or related subjects.
  • Minimum of six (6) years of relevant professional experience in finance and administration within the Bank or another first-class institution.
  • Having private sector experience will be an added advantage.
  • Strong interpersonal and relationship management skills, and demonstrated capacity to work with a wide range of stakeholders (financial institutions, businesses, international organizations, etc.)
  • Ability to collaborate and to successfully communicate with different stakeholders
  • Excellent organizational, analytical, coordination and communication skills.
  • Attention to detail, respect for deadlines and the ability to work under pressure.
  • Familiarity with private sector project finance.
  • Understanding and interest in finance and economic concepts with a good Knowledge of international economic development issues.
  • Ability to summarize strategic documents and highlight main ideas.
  • Strong drafting ability.
  • Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
  • Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint). Knowledge of SAP is desirable.

Deadline: 13th December, 2023.

How to Apply: Interested and qualified candidates should use the links below to apply:

Note: This position is classified as international status and attracts international terms and conditions of employment.

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