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Senior Commercial Credit Officer (Portfolio Management & Credit Risk Commitee)

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  • Position title: Senior Commercial Credit Officer (Portfolio Management & Credit Risk Commitee)
  • Grade: PL5
  • Position N°: 50068823
  • Reference: ADB/17/376
  • Publication date: 09/08/2017
  • Closing date: 29/08/2017

Objectives

THE BANK:

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), 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.

THE COMPLEX:

The President, plans, supervises and manages the business of the Bank Group. Under the direction of the Boards of Directors, the President conducts the business of the Bank and the African Development Fund and manages operations and activities in accordance with the Agreements establishing the ADB and the ADF. The President supervises several Departments and Units including Office of the President (PRST0); Independent Development Evaluation Department (BDEV); Integrity and Anti-Corruption Department (PIAC); Compliance Review and Mediation Unit (BCRM); Secretariat to the Sanctions Appeals Board (BSAB); Administrative Tribunal (BATR); Office of the Auditor General (PAGL); Group Risk Management Directorate (PGRM); General Counsel and Legal Services Department (PGCL); Communication and External Relations Department (PCER); Staff Integrity and Ethics Office (PETH) and Office of the Secretary General & General Secretariat(PSEG).

THE HIRING DEPARTMENT/DIVISON:

The Credit Risk Division is within the broad mandate of the Risk Management Department (PGCR) which assesses Sovereign and Non-Sovereign Credit Risks, measures the impact on the Bank’s risk bearing capacity and proposes risk mitigation techniques. The department develops policies and guidelines, methodologies and systems relating to credit risk assessment and management for the Bank as well as ensures internal consistency of all of the Bank’s credit risk policies and guidelines, including those initiated and developed by other departments. The department also monitors and submits reports on compliance with credit policies.

THE POSITION:

The overall purpose of this job is to ensure effective functioning of the CRC Secretariat as well as monitor credit risks in the non-sovereign portfolio, analyze the evolution of country risk profiles, sector and obligor concentrations, as well as the adequacy of provisions and risk capital required to support the non-sovereign credit exposure.

The role provides forward looking proactive credit risk portfolio analysis including stress testing of limits and ensuring the adequacy of impairment provisions for distressed loans.

Duties and responsibilities

Under the overall supervision of the Division Manager PGCR 2, the Senior Commercial Credit Officer  (Portfolio Management & CRC) has the following responsibilities:

1.  Perform duties in relation to the Credit Risk Committee (CRC) Secretariat, which makes recommendations to the Bank’s institutional risk oversight bodies.

2.  Facilitate a smooth process flow and effective communication with key stakeholders of the CRC. Be responsible for creating a rolling agenda that facilitates planning.

3.   Ensure the quality of submissions to the CRC and monitor compliance with approval conditions.

4.   Keep good records of CRC discussions, waivers and approval conditions. Keep track of Matters Arising from previous meetings. 

5.  Provide reports with data analysis and benchmarking on various topics, including but not limited to the High Risk and Equity Limits as well as provisioning and ratings methodologies, as required by the CRC from time to time.

6.  Provide information to Internal and External Auditors and Rating Agencies.

7.  Monitor credit risks in the non-sovereign portfolio by analyzing the evolution of the risk profile and by calculating expected losses and establishing the adequacy of provisions and risk capital requirements to support the non-sovereign credit exposure.

8.  Monitor compliance with commercial credit risk and exposure management policies and guidelines and advise on the quality of the non-sovereign portfolio.

9.  Advise operations departments on the correct structuring of transactions with a view to mitigate risk.

10.  Assess specific risks of proposed individual non-sovereign transactions and recommend appropriate credit enhancement or risk mitigation measures.

11.  Prepare risk mitigations notes for special transactions and the portfolio, identifying risks of individual non-sovereign transactions and advising on their mitigation.

12.  Advise appropriate pricing terms and conditions for non-sovereign transactions in consultation with investment officers.

13.  Assist in the development and updating of the Terms of Reference, Guidelines and Rules of Procedure for the CRC. Conceptualize ideas for the delegation of authority within the institutional framework and develop enhanced work flow procedures.

14.  Participate in the development and updating of commercial credit risk management policies and guidelines, including procedures and processes for their implementation.

15.  Participate in the development and upgrading of commercial credit risk identification and assessment methodologies, including appropriate assessment, monitoring and management tools and systems.

16.  Participate in management review committees and Board Committee sessions on non-sovereign transactions.

17.  Prepare technical notes and/or papers or conduct studies of interest to the Bank on commercial credit risks and related issues.

18.  Propagate commercial credit risk assessment and serve as a focal technical contact point for other staff and outside the Bank.

Selection Criteria

1.  Hold at least a Master's degree or its equivalent in Risk Management, International Banking or Economics.

2.  Have a minimum of five (5) years of relevant experience related to commercial credit risk assessment and portfolio management with familiarity of project finance, corporate lending, lending to financial institutions and private equity funds.

3.  Knowledge of capital adequacy standards is required, as well as strong quantitative and analytical skills.

4.  Good knowledge of credit risk management techniques and sophisticated risk mitigation products.

5.  High level professional knowledge of qualitative and quantitative credit portfolio management techniques and structured credit instruments, risk derivatives and collateral management.

6.  Having private sector experience will be an added advantage.

7.  Hands-on experience of credit risk assessment, deal negotiation and structuring in emerging and underdeveloped markets.

8.  Ability to assess financial statements and complex financial models and evaluate complex financial structures.

9.  Quantitative modelling skills to assess the balance sheet impact of transactions.

10.   Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.

11.   Competence in the use of standard Microsoft Office Suite applications; knowledge of SAP is an added advantage.

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


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To apply for this position, you need to be national of one of AfDB member countries.