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).\u00a0 The Bank\u2019s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 \u2013 2022) and ensure greater developmental impact, five major areas, all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.<\/p>\n
THE COMPLEX:<\/strong><\/p>\n The Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group\u2019s 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 (ALM) for the Bank Group.<\/p>\n Job Description<\/strong><\/p>\n Job Title:\u00a0Senior Treasury Officer<\/strong><\/p>\n THE HIRING DEPARTMENT\/DIVISION:<\/strong><\/p>\n The Treasury department is responsible for raising funds from the capital markets, managing and investing the Bank Group\u2019s liquidity and shareholders\u2019 funds, processing and settling all financial transactions and managing the institution\u2019s banking relationships.<\/p>\n The role of the Capital Markets and Financial Operations Division is to: (1) Raise cost-effective resources from the capital markets, (2) Contribute to the Capital Increase process and administer the subscriptions of shareholders to the capital of the African Development Bank and (3) Contribute to the African Development Fund (ADF) replenishment negotiations and administer the subscriptions of donors to the ADF and Multilateral Debt Relief Initiative (MDRI).<\/p>\n THE POSITION:<\/strong><\/p>\n Under the supervision of the Division Manager, Capital Markets & Subscriptions, the Senior Treasury Officer will :<\/p>\n 1.\u00a0 Ensure that the Bank\u2019s strategy is implemented and that funding and hedging activities are effective and in line with the Division\u2019s processes: Carefully monitor assigned capital markets to source funding opportunities, ensure that pricing is assessed and commensurate with the Bank\u2019s objectives, execute transactions in line with the Bank\u2019s ALM strategy and policies, follow up on relevant documentation, due diligence and report on trades. Monitor and report the secondary market performance of the Bank\u2019s bond issues. Contribute to working groups\u2019 discussions. Lead or participate in roadshows.<\/p>\n 2.\u00a0 Ensure that the borrowing process is smooth: Prepare a well-written and structured annual borrowing program for board approval in line with the Bank\u2019s requirements, ensure that consents are obtained for markets where funding opportunities exist, ensure that all transactions are immediately reported in the division\u2019s internal dashboard (borrowing model). Track and report the secondary market performance, flows and turnover of the Bank\u2019s bonds.<\/p>\n 3.\u00a0 Ensure that the Bank\u2019s borrowing documents (Global Debt Issuance Facility, General Information Statement), listing and SEC filing, among others, are completed and coordinate the 10b-5 due diligence exercise and any other relevant documentation process.<\/p>\n 4.\u00a0 Ensure an effective and quality investor relations program: Organize dealer days, prepare the annual roadshow program identifying investors to target and identify events that should be attended. Build and update a relevant and comprehensive database of investors. Ensure that the Bank\u2019s websites, including the green bond page and Japanese website are continuously updated.<\/p>\n 5.\u00a0 Manage subscriptions to the capital of the Bank and replenishments of ADF and MDRI: Administer the subscription process requesting, monitoring and reporting on subscriptions, payments and encashments. Prepare the relevant voting powers documents. Contribute to capital increases, replenishment or voting discussions. Administer all financial aspects of subscriptions.<\/p>\n 6.\u00a0 Manage the download\/publishing of currency exchange rates vs the UA (the Bank\u2019s reporting currency), and prepare and execute the administrative hedge of the Bank.<\/p>\n 7.\u00a0 Prepare documents for technical discussions with credit and ESG rating agencies.<\/p>\n 8.\u00a0 \u00a0Prepare the annual Financial Presentation of the Bank to be presented to stakeholders.<\/p>\n Duties and responsibilities<\/strong><\/p>\n The Senior Treasury Officer will carry out or contribute to completing the following functions:<\/p>\n Funding and hedging activities<\/strong><\/p>\n \u00b7\u00a0 \u00a0Identify and source attractive funding opportunities by monitoring primary market activity, utilizing cross-currency (swap) calculators, maintaining a good working relationship with dealers, being aware of market trends and developments, etc.<\/p>\n \u00b7\u00a0 \u00a0Ensure that the pricing of any new borrowing transaction is in line with the objectives and strategy of the division and mitigate any cost of carry by liaising with the Bank\u2019s ALM and investment divisions.<\/p>\n \u00b7\u00a0 \u00a0Ensure the seamless execution of funding transactions by being alert to market conditions, economic and issuance calendars, keeping informed of investors\u2019 preferences, ensuring that sufficient credit limits exist for settling and swapping transactions, etc.<\/p>\n \u00b7\u00a0 \u00a0Monitor the secondary performance of the Bank\u2019s bond issuances by following market-making action and flow on electronic platforms, being aware of weekly pricing indications received from dealers, information on secondary market flows, and by maintaining a good dialogue with dealers in the Bank\u2019s bond issues.<\/p>\n \u00b7\u00a0 \u00a0Monitor economic and capital markets rules and regulations in assigned markets to ensure the smooth implementation of the borrowing program.<\/p>\n \u00b7\u00a0 \u00a0Lead or participate in investor roadshows and prepare and\/or update a comprehensive, accurate, high quality and well-designed investor presentation.<\/p>\n Borrowing process<\/strong><\/p>\n \u00b7\u00a0 Ensure that the Bank is able to borrow in assigned markets by keeping abreast of all regulatory developments, ensuring bond issuance documentation is current and up-to-date, maintaining a good and frequent dialogue with relevant major investment banks present, undertake regular investor work in order to ensure that the Bank is an approved and sought after investment proposition.<\/p>\n \u00b7\u00a0 Facilitate the borrowing process by preparing an open mandate when warranted and regularly update the funding grid.<\/p>\n \u00b7\u00a0 Facilitate analysis, tracking and reporting of: (1) borrowing transactions, by updating the borrowing database and internal league tables; (2) benchmarks, through the preparation of the daily market monitor by tracking secondary market performance using dealers\u2019 traders data, as well as Bloomberg and Tradeweb and other relevant platforms; (3) bond flows and turnover per dealer to assess liquidity of bonds and engagement of dealers, and facilitate discussions with investors.<\/p>\n \u00b7\u00a0 Report on transactions to senior management by preparing the weekly market monitor of the division, ALCO and Board reports.<\/p>\n \u00b7\u00a0 Prepare the annual borrowing program of the Bank for approval by the Board of Directors to allow the Bank to raise resources from the markets and meet its funding objectives.<\/p>\n Borrowing documentation<\/strong><\/p>\n \u00b7\u00a0 Ensure that the Bank\u2019s borrowing documents (Global Debt Issuance Facility, General Information Statement), listing and SEC filing, among others, are up-to-date and coordinate the 10b-5 due diligence exercise and any other relevant documentation process.<\/p>\n \u00b7\u00a0 Review and validate all documents necessary to the execution of each borrowing transaction, including bond and swap term sheets, pricing supplements, and dealer accession letters, swap confirmations, etc.<\/p>\n Markets relations<\/strong><\/p>\n \u00b7\u00a0 Support an effective investors relations program: Identify and advise on investors to target for roadshows or conference calls to ensure the success of bond issues: Collect investor feedback on AfDB trades, tracking their participation in peers\u2019 transactions and collating information received through back-to-office reports and discussions with dealers. Maintain an efficient database of information.<\/p>\n \u00b7\u00a0 Contribute to the deepening of the Bank\u2019s investor base by preparing a short quarterly newsletter to investors, providing updates on funding program and key developments.<\/p>\n \u00b7\u00a0 Review the Investor Presentation prepared\/updated by the funding team to ensure that data is correct and that information conveyed is in line with investors\u2019 interests. Update the Bank\u2019s relevant webpages (Regular, Japanese and Green) to ensure that they respond to the needs of investors and raise the profile of the Bank with investors.<\/p>\n \u00b7\u00a0 Enhance the visibility and positioning of the Bank by leading the preparation of the Bank\u2019s financial presentation.<\/p>\n Subscriptions to AfDB capital, ADF replenishments and\u00a0 MDRI compensation<\/strong><\/p>\n \u00b7\u00a0 Assist and advise senior management in shareholder discussions related to capital increases, ADF replenishments, votes and compensation schemes by providing guidance and preparing the relevant technical papers (financing framework, electoral votes, share transfer rules) and contributing to relevant discussions.<\/p>\n \u00b7\u00a0 Contribute to establishing an effective management of the subscriptions process by (1) ensuring that all relevant subscriptions resolutions are implemented and the procedure manual is followed and up-to-date; (2) request, monitor, acknowledge and record subscriptions, payments and encashments. Manage arrears in line with guidelines.<\/p>\n \u00b7\u00a0 Manage relationships with shareholders by reporting on subscriptions through the preparation of the relevant voting powers, and promptly responding to queries from shareholders and internal clients. Provide relevant information to credit rating agencies and briefs to management as and when required. Manage the entry of shareholders to AfDB and ADF.<\/p>\n \u00b7\u00a0 \u00a0Ensure that the subscriptions system is continuously improved and its data updated on a continuous basis.<\/p>\n Rating reviews<\/strong><\/p>\n \u00b7\u00a0 Effectively contribute to the credit rating review discussions by preparing presentation material and data for the Bank\u2019s funding and subscriptions activities, ensuring that rating agencies criteria are met.<\/p>\n \u00b7\u00a0 Engage with Environment, Social and Governance (ESG) rating agencies to ensure that the Bank gets the best rating possible on its rating activities, and initiate steps to reinforce the Bank\u2019s ESG rating.<\/p>\n Participation in working groups<\/strong><\/p>\n \u00b7\u00a0 Attend any assigned working group and actively participate by reviewing and providing documents presented for discussion and clearance.<\/p>\n Exchange rates management<\/strong><\/p>\n \u00b7\u00a0 Ensure that Bank Group administrative budget is hedged against currency fluctuations by preparing and implementing the Bank\u2019s administrative hedge.<\/p>\n \u00b7\u00a0 Ensure that exchange rates are made available on the Bank\u2019s systems on a daily basis by supervising the currency downloads while providing guidance on the improvement of the system.<\/p>\n Selection Criteria<\/strong><\/p>\n Including desirable skills, knowledge and experience<\/strong><\/p>\n Command of standard computer software applications such as Word, Excel, PowerPoint<\/p>\n Knowledge of Bloomberg, Summit\/Numerix would be an advantage<\/p>\n Ability to communicate effectively (written and oral) in English and\/or French, preferably with a working knowledge of the other language<\/p>\n","protected":false},"excerpt":{"rendered":" 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…..<\/p>\n","protected":false},"author":6721,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[11],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2nO32-8EW","_links":{"self":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts\/33290"}],"collection":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/users\/6721"}],"replies":[{"embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/comments?post=33290"}],"version-history":[{"count":0,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts\/33290\/revisions"}],"wp:attachment":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/media?parent=33290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/categories?post=33290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/tags?post=33290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n