{"id":40642,"date":"2019-07-26T10:13:16","date_gmt":"2019-07-26T10:13:16","guid":{"rendered":"https:\/\/joblistghana.com\/?p=40642"},"modified":"2019-07-26T10:13:16","modified_gmt":"2019-07-26T10:13:16","slug":"african-development-bank-recruiting-currently-2019","status":"publish","type":"post","link":"https:\/\/joblistghana.com\/african-development-bank-recruiting-currently-2019.html","title":{"rendered":"African Development Bank Recruiting Currently 2019"},"content":{"rendered":"
Established in 1964, the African Development Bank (AfDB) 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 The African Development Bank (AfDB) is the premier multilateral development finance institution fostering economic growth and social progress in Africa. The AfDB\u2019s primary goal is to reduce poverty and improve living standards by mobilizing resources in and outside Africa, and providing financial and technical assistance for development projects and programs in Africa.<\/p>\n
Job Description<\/strong><\/p>\n Job Title:\u00a0Senior Financial Compliance Officer<\/strong><\/p>\n THE PRIVATE SECTOR CREDIT ENHANCEMENT FACILITY (PSF)<\/strong>:<\/strong><\/p>\n The PSF is a captive credit risk participation facility that participates in the credit risks of the AfDB\u2019s Non Sovereign Operations (NSOs) in countries eligible to borrow from the African Development Fund (ADF) \u2013 namely low-income countries. Given its current capital base, the PSF\u2019s target portfolio size stands at UA 1.1 billion of credit exposures.<\/p>\n Given the specific nature of the PSF as a risk participant in the Bank\u2019s NSO, the ADF Board of Directors exercises oversight over the Facility and approves risk participations by the Facility in each NSO in compliance with the PSF Framework and Guidelines. The PSF Administrator (PSFA) is responsible for the day-to-day management of the PSF and for mobilizing additional resources to increase the Facility\u2019s risk-bearing capacity.<\/p>\n The PSF is financially and operationally autonomous with a total separation of resources from those of the ADB and the ADF. It sources certain middle and back-office functions from the ADB. The PSFA works closely with relevant departments to ensure these functions are performed in a timely manner and in line with applicable standards and ensure that it meets all performance and financial planning, reporting and audit requirements.<\/p>\n THE POSITION:<\/strong><\/p>\n Under the Supervision of the PSF Administrator, the objective of the Financial Compliance Officer\u00a0 is to ensure systematic and effective development and maintenance of statutory documentation, financial reporting and management \u00a0guidelines; \u00a0provision of technical leadership in the preparation of the PSF\u2019s financial planning; preparation of the PSF\u2019s Profit and Loss (P&L) Account information, (including the preparation of financial projections); \u00a0compliance reporting\u00a0 specifically, compilation of financial statements, adoption of standards; coordination of the preparation and review of billing, income and financial statements, as well as audits and other fiduciary controls. The position holder will also coordinate the preparation and ensure follow up of all agreements between the PSF, service providers and third parties; contribute to the preparation of documentation regarding the compliance of candidate transactions for PSF risk participation; contribute to quarterly and annual statutory and contractual reporting activities of the PSFA; lead the preparation and execution of procurement-related activities; identify and monitor key operational and financial management risks and proposing and implement appropriate risk mitigation measures; and contribute to a continuous improvement of the PSF\u2019s processes and guidelines. S\/he will also be expected to leading internal monitoring and evaluation of the PSF\u2019s performance against key business targets; contributing to initiatives augmenting the PSF\u2019s risk bearing capacity; and any other activities as needed.<\/p>\n <\/p>\n Duties and responsibilities<\/strong><\/p>\n The Financial Compliance Officer is responsible for:<\/p>\n Financial planning<\/strong><\/p>\n Verification and outsourced financial services<\/strong><\/p>\n Financial control and reporting<\/strong><\/p>\n Systems improvements<\/strong><\/p>\n Contributing to initiatives augmenting the PSF\u2019s risk bearing capacity<\/strong><\/p>\n Selection Criteria<\/strong><\/p>\n Established in 1964, the African Development Bank (AfDB) is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54…..<\/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":[14],"tags":[2027],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2nO32-azw","_links":{"self":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts\/40642"}],"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=40642"}],"version-history":[{"count":0,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/posts\/40642\/revisions"}],"wp:attachment":[{"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/media?parent=40642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/categories?post=40642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/joblistghana.com\/wp-json\/wp\/v2\/tags?post=40642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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