Job description
The ComplexThe Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group’s 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.The Hiring Department / DivisionThe Treasury department is responsible for raising funds from the capital markets, managing and investing the Bank Group’s liquidity and shareholders’ funds, processing and settling all financial transactions and managing the institution’s banking relationships.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).
Responsibilities & skills
A sound working knowledge of the operation of the organisation as a business and the role of its organisational unitAbility to develop practical and timely solutionsPossess and apply knowledge and expertise in appropriate depthA good understanding of clients, markets and needs
Education
Hold at least a Master's Degree in Finance, Business Administration, Economics, Statistics or related quantitative disciplineProfessional certification such as Chartered Financial Analyst (CFA, ICMA, FRM) is an advantageHave a minimum of five (5) years of professional experience in the International Capital Markets, with special emphasis on bond issuance. Have practical experience of managing global bonds and/or public bonds issuance process, and using derivatives for hedging purposes
Experience
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African Development Bank Group
African Development Bank Group (AfDB) - 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.
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