WARNING AGAINST FRAUDULENT USE OF THE AFRICAN DEVELOPMENT BANK’S (AfDB) NAME Read more
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. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s) have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa. The Bank is seeking to build a management team that will lead the successful implementation of this vision.
The Vice Presidency for Private Sector, Infrastructure and Industrialization is central to the Bank’s mission of developing the private sector, improving infrastructure and accelerating industrialization. The complex main functions are to (i) strengthen the enabling environment for private sector [and financial sector] development conducive to inclusive growth and sustainable development, (ii) support the development of reliable and sustainable infrastructure, including cities and urban development, and (iii) place renewed emphasis on industrial and trade performance in support of structural transformation across Africa. The Complex leverages knowledge, co-financing, and partnerships to attract private capital and work with governments on delivering the Bank’s development agenda.
THE HIRING DEPARTMENT:
For effective and harmonized Private Sector Operations performed by the 5 sectoral departments of the Bank (Energy, Infrastructure, Industry and Trade, Agriculture and Social Services, Financial services) a Central Support Department for NSOs-related activities (PINS) was recently put in place. The primary role of PINS is to: (i) assist Sector Departments to efficiently design and monitor NSOs in line with the best market practices and consistent with the Bank’s related Strategies, Policies and Guidelines (ii) manage the Bank’s corporate NSO portfolio and provide shared services to other NSO departments.
The Chief Portfolio Officer is responsible for the Portfolio Management (corporate wide and for all asset classes). He/she provides support to NSO Departments for project monitor and supervision as part of the shared services of PINS.
The incumbent leads and oversees the work performed by portfolio officers. He/she also represent the Department in Credit Risk Committee, Country Teams and other committees/task forces in charge of NSO portfolio management related matters.
Under the supervision of the Division Manager, the Chief portfolio management officer will perform the following duties:
1. Provide technical expertise and advisory services in the implementation and monitoring of the projects, lead project restructuring activities as well as waivers
2. Develop and update regularly manuals and standards templates used in the NSO supervision, monitoring of NSO projects
3. Lead and coordinate the preparation of the periodic corporate portfolio review reports for onwards submission to Senior Management
4. Monitor the impact of the operating environment on projects under implementation and alert on the potential risk that might arise.
5. Monitor the adequacy of the level of provisions for the non-sovereign portfolio and recommending its adjustment as necessary
6. Lead analytical work on portfolio trends, drivers of investment returns and draws lessons from the portfolio analysis
7. Monitor performance of portfolio with particular focus on Non-Performing loans and prepare recommendations for Senior Management’s consideration
8. Represent the Division Manager in various Committees (ALCO, CRC, Country Teams, OPSCOM, etc.) on issues related to NS portfolio Management.
9. Develop medium- and long-term strategies and action plans to improve quality of NSO Corporate Portfolio.
Including desirable skills, knowledge and experience
1. Hold at least a Master degree or its equivalent in Business, Finance or Economics.
2. Have a minimum of seven (7) years of relevant experience in corporate portfolio management
3. Comprehensive state-of-the-art understanding of private sector investment and portfolio management techniques.
4. On-hand exposure to financial and econometric analysis with strong command of statistical and econometric tools.
5. Good knowledge of relevant strategies, policies, procedures and practices of development finance institutions will be an added advantage
6. Ability to effectively plan, direct, organize and administer diverse activities, to ensure effective delivery of work program.
7. Ability to communicate effectively (written and oral) in English or French, with a working knowledge of the other.
Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint).
THIS POSITION IS CLASSIFIED INTERNATIONAL STATUS AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.
Should you encounter technical difficulties in submitting your application, please send an email with a precise description of the issue and/or a screenshot showing the problem to: HR Direct HRDirect@AFDB.ORG
To apply for this position, you need to be national of one of AfDB member countries.
Applicants who fully meet the Bank's requirements and are considered for interview will be contacted. Only online applications submitted with a comprehensive Curriculum Vitae (CV) and copies of the required degrees will be considered. The President, AfDB, reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer. Female candidates are strongly encouraged to apply. www.afdb.org
The African Development Bank Group (AfDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the Bank does not request information on applicants’ bank accounts. The African Development Bank Group declines all responsibility for the fraudulent publications of job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.