African Development Bank Recruiting Several Positions

Objectives

The African Development Bank’s mission is to contribute to Africa’s transformation through inclusive and ‘green’ growth that is environmentally sustainable and economically empowering.  One of the core operational priorities of the Bank is private sector development. Within the Private Sector Operations Department’s OPSM, the Financial Institution Division (OPSM4) is in charge of the identification, preparation and appraisal of projects in financial sector.  More specifically, the Trade Finance Team in OPSM4 is in charge of implementing the Bank’s Trade Finance Program which entails the design and deployment of an enhanced set of financial products and preparing projects and transactions that enable the Bank play a meaningful role in the trade finance market in Africa.  The Trade Finance Team therefore comprises both the origination team and the middle/back office that is responsible for monitoring and managing the portfolio of trade finance transactions with partner financial institutions, mainly in the area of guarantees.

Duties and responsibilities

Under the supervision of the Division Manager and with guidance from the Lead Trade Finance Officer, the Senior Trade Finance Officer will:

•   Monitor the utilisation of various trade finance limits, all revenue due to the Bank and compliance to the conditions and covenants of the signed Trade Finance Program (TFP) agreements.
•   Monitor the performance of the trade finance portfolio – analyse, develop and implement changes to ensure the products remain relevant to the needs of clients.
•   Participate in the administration of assigned risk sharing arrangements with partner international banks and multilateral and bilateral organisations involved in the TFP.
•   Prepare regular reports on the progress of the TFP to senior management, conduct product competitor analysis and keep abreast of innovations in trade finance, monitor developments in the sector and assess their impact on the Bank’s Trade Finance Program.
•   Plan and execute portfolio supervision missions to partner confirming banks and issuing banks. This includes developing terms of reference for the mission and undertaking background review of the relevant portfolio or transactions that will be the subject of the supervision mission. The work also includes assessing the risks of projects and advising senior management on appropriate mitigating measures; structuring/restructuring of projects to minimize financial risks; participating in negotiations on review of the financing terms and legal conditions of portfolio projects.
•   Undertake research relevant to projects in the portfolio to improve the Trade Finance Team’s understanding of project opportunities and risks. Such research may cover general trade finance sector trends, the evolution of pricing and commissions in the trade finance market etc.
•   Participate in project identification missions and the preliminary evaluation of project proposals to assess their feasibility for financial assistance and/or technical support by the Bank. This involves the initial screening of project applications, carrying out of desk reviews, preparing preliminary evaluation notes for presentation to the Department Management Team to determine a project’s suitability for inclusion in the pipeline; and the preparation of project appraisal reports for presentation to the Department, the various review committees and finally to the Board of Directors.
•   Develop relationships within the Bank and with other institutions involved in the promotion of trade
•   Participate in developing and promoting new trade finance products
•   Perform any other duties as may be required.

Qualification Required & Experience

Including desirable skills, knowledge and experience

•   At least a Master’s Degree in Business Administration, Finance, Economics, Accounting and Banking and preferably a professional qualification in one of the aforementioned fields.  Certification in Trade Finance and other banking specialisations requiring experience in operations and reconciliation of accounts would be an advantage.
•   A minimum of five (5) years of relevant professional experience with good market knowledge – particularly in relation to DFI trade finance products, African trade finance market and financial analysis of financial institutions.
•   Experience in project portfolio management and trade finance back office operations in financial institutions is desirable.
•   Knowledge of correspondent banking relationship management.
•   Good understanding of trade finance issues affecting African FIs, exporters and importers and policy issues associated with trade facilitation and regional integration.
•   Strong customer focus, ability to interface effectively with clients and business contacts at a senior level.
•   Ability to build partnerships and deliver results that meet the needs and long-term interest of clients within and outside the institution;
•   Integrity and ability to work in team;
•   Good listener with demonstrated ability to present and win support for ideas as well as make effective and timely decisions;
•   The successful candidate should be methodical, analytical and someone who pays attention to detail.
•   Ability to work independently and be creative and innovative;
•   Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint) and preferably including SAP and OCS.
•   Proficiency in English and/or French, with a working knowledge of the other language.

Location: Ghana

How To Apply For The Job

Interested and qualified candidates should

Click Here To Apply Online

Closing Date: 11 July, 2014

Only applicants who fully meet the Bank’s requirements and are being considered for interview will be contacted. Applicants will only be considered if they submit an online application, and attach a comprehensive Curriculum Vitae (CV). The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply

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Objectives

2 positions at Principal grade level and 1 position at Chief grade level.

The Private Sector (OPSM) is responsible for all private sector operations falling within the umbrella of the Bank Group’s private sector development strategy. The Portfolio Management (OPSM5) department plans, organizes and carries out the activities related to private sector project identification, preparation, appraisal, implementation and portfolio management. OPSM5 provides financial and technical assistance for private sector projects and programs. It also supports the Bank’s diagnostic and enabling environment reform programs to improve the investment climate in Africa. The Portfolio Management Division (OPSM.5) is in charge of the overall portfolio management activities including monitoring and supervision of all projects after first disbursement until they close out of the portfolio.

With the growth of the NSO portfolio over the past five years, the Bank needs to establish a dedicated Corporate Recovery Unit (CRU) tasked with corporate recovery and the proactive monitoring and supervision of non-performing assets. The CRU will initiate and lead the recovery process if it determines that restructuring is the best course of action to protect AfDB’s interests.

Duties and responsibilities

Under the supervision of the Division Manager the Corporate Recovery Chief Officer will:

•   Draft and maintain the implementation guidelines of the CRU;
•   Take over assets deemed nonperforming or impaired or in risk of becoming nonperforming or impaired, from Portfolio Officers in a structured and documented fashion;
•   Analyse nonperforming and impaired or potentially nonperforming and impaired transactions. This includes financial and legal due diligence and analysis; interaction with senior management of obligor/investee; construction of financial and valuation models as required; as well as other essential tasks;
•   Determine, document and present the best course of action in terms of exit strategy (e.g. sale, restructuring, liquidation, or any combination thereof) in the form of a Problem Account Memorandum to the respective approval authority within the Bank;
•   Supervise in executing the approved workout strategy. Initiate and contribute to all phases of the corporate recovery process in conjunction with all stakeholders involved. Negotiate with the obligor and other creditors as required;
•   Prepare corporate recovery plans to include recommendations on when to realize losses, release any rights/security interests, and make material changes in transactions;
•   Recommend inputs to new policies, systems and processes in immediate work area;
•   Create knowledge products endorsed for wider distribution based on lessons and multi-country experience;
•   Consider current and future client needs in proposing ideas;
•   Help internal and external clients achieve quality results beyond presenting problems and precedent;
•   Highlight possible solutions for project issues based on relevant multi-country and/or multi-client experience;
•   Regularly contribute insights and experiences to colleagues in the Division to help them achieve quality results;
•   Overcome unexpected difficulties and challenges to produce desired outcomes;
•   Share knowledge on new international best practice trends in comparator situations;
•   Convince to adopt international best practice by explaining the situational relevance and benefits;
•   Create knowledge products endorsed for wider distribution based on lessons and multi-country experience.

Qualification Required & Experience

Including desirable skills, knowledge and experience

•   Master’s Degree or equivalent, in economics, finance, accounting or related fields.  University degree combined with specialized experience in similar organization/s may be considered in lieu of a Master’s degree. Preferably a Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA);
•   A minimum of six (6) years of relevant experience for the PL4 position, and seven (7) years for the PL3 position, in an international bank, multilateral/bilateral development organization, or consulting firm;
•   Familiarity with portfolio management concepts and the analytical tools needed to perform the associated analyses;
•   Experience in managing corporate and capital restructurings, including but not limited to remedial management activities such as debt re-profiling, recapitalization, pre-and post-default operational restructuring, distressed asset management, sale and liquidation;
•   Proven ability to evaluate distressed loans, guarantees, and direct and indirect equity transactions. Familiarity with industry best practice in corporate recovery and corporate restructuring;
•   Excellent knowledge and demonstrated track record in all areas of credit risk management of individual transactions. Proven ability to capture the essence in terms of risks of transactions under review;
•   Familiarity with risk rating methodologies, risk management frameworks, and relevant risk-related policies;
•   Experience in valuation of listed and unlisted equities and ability to assess proposed exit strategies, and experience with Private Equity Funds would be an advantage;
•   Knowledge of financial institution and project financings/structured finance would be an advantage;
•   International experience working in several countries;
•   Strong analytical and creative problem solving skills;
•   Excellent interpersonal and communication skills; good memo composition, editing skills, and strong presentation skills;
•   Proficiency in English and/or French, with a working knowledge of the other language;
•   Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint), and graphics software.

Location: Ghana

How To Apply For The Job

Interested and qualified candidates should

Click Here To Apply Online

Closing Date: 16 July, 2014

Only applicants who fully meet the Bank’s requirements and are being considered for interview will be contacted. Applicants will only be considered if they submit an online application, and attach a comprehensive Curriculum Vitae (CV). The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply