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Vacancies - African Development Bank

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Senior Governance and Economic Management Officer

Wed, 29/09/2021 - 19:19

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 81 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 Bank is seeking to build a management team that will lead the successful implementation of this vision.

THE COMPLEX:

The Chief Economist/Vice-President for Economic Governance and Knowledge Management (ECVP) is the Bank’s spokesperson on economic matters and the VP for the ‘Economics Governance and Knowledge Management Complex’. The Complex is responsible for providing leadership and visibility for the Bank on economic, finance, financial governance and socio-economic development issues; and coordinate the generation of analytical works to inform operational policy; systematically emphasize the critical role of knowledge, experience, lessons learnt and their tangible impact on sustainable, inclusive transformation of African economies.

THE HIRING DEPARTMENT:

The Directorate General Hub for West Africa (RDGW) is responsible, answerable and accountable for among others, sourcing and origination of bankable projects in collaboration with stakeholders and the private sector, in support of impactful developmental objectives in the Regional Member Countries to achieve Bank Group’s Business development objective.

The Governance and Public Financial Management Coordination Office (ECGF) supports the DG-Hub and provides technical expertise in the area of governance and public sector management, towards ensuring that the Bank effectively supports Regional Member Countries in their efforts to promote good governance, transparency and accountability, effective economic management and the improvement of the business environment.

THE POSITION:

The Senior Governance and Economic Management Officer, who will be based in the Bank's Country Office in Senegal, will contribute towards the implementation of the Bank’s Strategy for Economic Governance and the delivery of the Bank’s High Five Agenda for Africa. He/she will provide specific support to the Bank Group's operational activities in Senegal, in the area of governance and public sector management. As a member of ECGF- RDGW, he/she will also be responsible for initiating dialogue with the public authorities of the regional member countries, specifically with those of Senegal, particularly with regard to the policies and activities of the African Development Bank to support national and sector policies and reforms that promote effective and accountable governance and public financial management.

KEY FUNCTIONS:

Under the supervision and guidance of the Director, Governance and Public Financial Management Coordination Office; and liaising with the Country Manager for Senegal, the Senior Governance and Economic Management officer will perform the following functions:

Project Management:

  1. Support operational activities, including the development and implementation of governance operations, including budget support operations, institutional support projects and technical assistance at the country and regional level.
  2. Identify opportunities for strategic collaboration with multilateral and bilateral donors in the governance sector.
  3. Contribute towards the review of country eligibility for various financing instruments of the Bank, in particular budget support operations
  4. Support the timely implementation of the portfolio of governance operations according to agreed objectives.
  5. Facilitate and support an active policy dialogue with the relevant stakeholders around the implementation of governance reforms supported by budget support operations. This includes coordinating inputs from Bank experts or supporting the recruitment of consultants as relevant.
  6. Provide expert advice and guidance to country officials and implementing agencies on sector issues and priorities, technical and operational aspects of projects, and Bank rules and procedures, including those for procurement of works, goods and services, financial management and disbursement activities.
  7. Provide active support to governments in facilitating loans/grants effectiveness.
  8. Ascertain good performance of operations through regular supervision of portfolio operations, technical guidance and training of borrowers on compliance with the Bank’s rules and procedures.
  9. Participate in Bank portfolio reviews in the country and provide all relevant information for assigned projects.
  10. Prepare Project Implementation and Completion Reports (IPRs and PCRs) in accordance with the Bank's Operations Manual.

Strategy and Planning:

  1. Contribute towards the development of country and sector level policy and strategies for economic governance issues in Regional Member Countries in consultation with relevant government agencies and country offices.
  2. Participate in the preparation of policy statements, papers, briefs and various reports on economic governance issues.
  3. Provide technical inputs to the preparation of Regional Integration Strategy Papers, Country Strategy Papers, Country Policy and Institutional Assessments and Fragility Assessments towards ensuring Governance and economic management issues are incorporated and adequately addressed.
  4. Represent the Bank in its relationship with development partners on the macroeconomic framework for the country.
  5. Undertake various policy dialogue and representation tasks assigned by the Country Manager or ECGF Director.

Sector Economic Work and Knowledge Sharing:

  1. Undertake reviews, analysis and reporting of governance and economic management initiatives of Governments, ensuring that these are considered in the design and implementation of programs.
  2. Contribute to the search for funding and partnerships, to ensure the development of knowledge and the initiation of thematic studies on governance themes.
  3. Represent the Bank in technical meetings, conferences or other events on issues relating to governance, such as public financial management, business enabling environment and combatting corruption and illicit financial flows.
  4. Contribute to the preparation of public expenditure and financial accountability assessments and other upstream analytical and diagnostic work of governance and public financial management systems prepared in partnership with others.
  5. Coordinate with other donors working in this field, and act as focal person for country level engagements in these areas.
  6. Contribute to activities of advocacy, dissemination and knowledge building around governance sector issues, public financial management, tax policy, public expenditures.
  7. Engage in networks relevant to governance and economic management issues.

COMPETENCIES (skills, experience and knowledge):

  1. Hold at least a Master degree in Economics, Public administration, Governance/ Political Science, Law or related fields.
  2. Have a minimum of five (5) years relevant professional experience in governance, economic management, policy formulation, revenue management, public expenditure or any discipline that is relevant for the position.
  3. Proven experience in project management, including the design and execution of governance operations such as budget support operations, institutional support projects and technical assistance
  4. Proven ability to interact competently with Government and donor agencies on issues relating to aid coordination;
  5. Possess an in-depth understanding of governance, macroeconomics, fiscal policy and public budgeting issues in developing countries, especially in West Africa and Senegal
  6. Proven ability in data analysis and/or research in areas of governance.
  7. Familiarity with the operational policies, procedures and programming practices of bilateral or multilateral organisations.
  8. Proven sense of initiative, results orientation, teamwork and leadership qualities.
  9. Ability to apply innovative approaches, work independently and apply new methods to solve problems, while remaining efficient in a fast-paced, changing and demanding institutional environment.
  10. Possess the ability to anticipate needs and requests, and to conduct political discussions with government officials, and support strategic thinking on governance and economic management.
  11. Possess the ability to work harmoniously in a multicultural environment and to collaborate within teams and with other services.
  12. Excellent verbal and written communication skills in French or English, with a good working knowledge of the other language.
  13. Competence in the use of standard Microsoft Office Suite applications.

 

THIS POSITION DOES NOT ATTRACT INTERNATIONAL TERMS AND CONDITIONS (THE POST HOLDER WILL BE CONSIDERED AS A LOCAL STAFF AND WILL NOT HAVE INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT).

Director, Gender, Women and Civil Society Department

Wed, 29/09/2021 - 18:30

THE BANK:

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 81 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, all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, regional integration and improving the quality of life for the people of Africa.

THE COMPLEX:

The Vice Presidency for Agriculture, Human, and Social Development is a Sector Complex focusing on the Bank’s Ten-Year Strategy High 5s priorities of “Feed Africa” and “Improve Quality of Life for the People of Africa”. The complex objectives are (i) to develop, policy and strategy; (ii) provide deep sector expertise to the Regions by gathering pool of experienced individuals who can be consulted to provide sector expertise on complex transactions; (iii) develop new financing instruments; and (iv) represent the Bank with external stakeholders on aspects of “Feed Africa” and “Improve Quality of Life for the People of Africa”.

THE HIRING DEPARTMENT/DIVISION: 

Within the Complex, the Gender, Women and Civil Society Department is designed to improve coherence and coordination across Complexes on Gender and Civil Society engagement issues. The Department ensures strategic priorities are reflected in resources allocation, enhances monitoring and management of performance, and strengthens the focus on results.  The Department also houses a number of special initiatives including the Affirmative Finance Action for Women in Africa (AFAWA), a flagship program of the Bank that aims to bridge the gender gap in access to finance and unleash women’s entrepreneurial capacity across the continent. 

THE POSITION:

Under the general supervision of the Vice President for Agriculture, Human and Social Development, the Director, Gender, Women and Civil Society Department is responsible for the strategic implementation of the department’s objectives and the delivery of operations related to financial inclusion.  

KEY FUNCTIONS:

  • Provide intellectual and strategic leadership to the Gender, Women and, Civil Society agenda for the Bank Group, working across technical, geographic and institutional boundaries to support the delivery of development solutions to a diverse range of clients
  • Oversee the bank-wide implementation of the AFAWA initiative, in partnership with relevant internal and external partners with strong involvement in the design of financial tools and innovative methods to ensure financial inclusion
  • Develop innovative and first-class financial tools in line with commercial banking norms to promote women access to financing opportunities and investments
  • Build partnerships with internal and external stakeholders and engage at the senior-most levels to coordinate and mobilize resources to achieve the Bank Group’s strategic goals 
  • Lead the implementation of the Bank Group’s strategic framework on gender equality and women empowerment, ensuring the mainstreaming of gender across the Group’s portfolio from project design to implementation, including M&E mechanisms
  • Lead the implementation of the Bank Group’s strategic framework on Civil Society engagement, to institutionalize strategic partnership with the sector from policy dialogue to project implementation
  • Develop a pipeline of high impact research and Economic & Sector Work on Gender, Women and Civil society to support evidence-based policy dialogue and advisory services 
  • Coordinate the Bank Group’s relationships with external partners to enhance collaboration and share best practices on the gender equality, women empowerment through women entrepreneurship and financial access and civil society engagement agenda in Africa and the world
  • Advise the Bank Group on emerging matters of strategic, policy and institutional significance related to the Gender, Women and Civil Society agenda across its activities 

COMPETENCIES (skills, experience and knowledge):

  • A minimum of a Master’s degree in Gender, Economic Development, Business Administration, Management or other related disciplines 
  • Proven experience with commercial and/or investment banking system in Africa
  • Have a minimum of ten (10) years of progressive experience in development in an international organization or similar institution in the financial services sector, commercial or investment banking, academia or civil society, with preferably five (5) years of experience at a managerial level
  • A solid knowledge and good grasp of socio-economic and development issues in Africa
  • Demonstrated ability to take prudent business risks, develop innovative approaches and make effective, timely and well-determined decisions
  • Knowledge of the practices of major bilateral and multilateral partner development agencies in African countries or other developing countries.
  • Experience coordinating or leading corporate assignments across institutional boundaries.
  • Ability to network and build partnerships with a broad range of internal and external stakeholders.
  • Demonstrated strong leadership qualities and operational track record of excellence in achieving results
  • Ability to work independently, demonstrate creativity and innovation, and display a high level of integrity
  • Proven leadership and team building skills and ability to work in a multicultural environment
  • Ability to communicate effectively (written and oral) in English and French. Working knowledge of Arabic is an asset. 
  • Competence in the use of standard Microsoft Office applications (Word, Excel, Access, PowerPoint); knowledge of SAP is desirable.

 

THIS POSITION IS CLASSIFIED AS AN INTERNATIONAL RECRUITMENT AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.

Senior Solutions Development Engineer

Wed, 29/09/2021 - 18:06

THE BANK:

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 81 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 Vice-Presidency, Human Resources and Corporate Services (CHVP) Complex ensures the delivery of efficient, people-centered, client-oriented, corporate services to ensure overall institutional effectiveness in all aspects of the Bank’s corporate services. The Complex leads efforts to ensure the competitiveness of the Bank as the employer of choice and is responsible for providing leadership in the formulation and implementation of Bank’s strategies on people, IT, general services and institutional procurements, language services, business continuity, and health and safety strategies.

THE HIRING DEPARTMENT:

The Corporate Information Technology Services Department’s (CHIS) mission at the Bank is to align the IT delivery strategy along with the Bank’s business strategy to increase the organizational effectiveness through efficient use of the Information Systems (IS).

Under the leadership of the African Development Bank’s (AfDB) Information Systems Director, the Information Technology Systems Department is mandated by the Bank to deliver best possible IT services for Bank Staff, and help achieve the results that gets the Bank closer to accomplishing its poverty reduction goals in Africa. 

THE POSITION:

The Senior Solutions Development Engineer provides direction for technical and business resources. He/she defines and develops project management infrastructure, manages a methodology driven quality plan, monitors and controls the quality of the deliverable, as well as manages the project completion process through customer acceptance. He/she works through Program / Project managers with business unit managers to form alliances on projects.

The main objective of the assignment is to work within the IT department to analyse users’ requirements, build IT solutions related to the Bank’s business activities. The incumbent must have deep technical expertise to manage the identification, evaluation, development, testing and transfer into production of software packages and solutions that meet business requirements, cost, quality, and strategic target.

KEY FUNCTIONS:

Under the supervision of the Chief Business Solutions Development Officer and guidance from the Division Manager, CHIS.1, the key duties and responsibilities of the Senior Solutions Development Engineer are:

  1. To lead the full systems life cycle and responsible for designing, coding, testing, implementing, maintaining and supporting application software that is delivered on time and within budget.
  2. Collect business requirements from Business Units and users and negotiates the IT systems scope and priorities to make recommendations towards the development of new code or re-use of existing code.
  3. To update job knowledge by studying state-of-the-art development tools, programming techniques, and computing equipment, participating in educational opportunities, reading professional publications, maintaining personal networks, participating in professional organizations.
  4. To determine operational feasibility by evaluating analysis, problem definition requirements, solution development and proposed solutions.
  5. To build first before buying, therefore, innovate and prototype IT solutions before engaging the Bank.
  6. To participate in component and data architecture design, performance monitoring, product evaluation and buy versus build recommendations.
  7. To conduct reviews of supplied specifications with others as appropriate.
  8. To document all work using required standards, methods and tools including prototyping tools, where appropriate.
  9. To design large and/or complex applications and application modifications from supplied specifications using agreed standards and tools, to achieve a well-engineered result.
  10. To integrate and support financial off-the shell applications.
  11. To coach and mentor junior staff and consultants.
  12. To provide peer-to-peer Quality Assurance of code to development standards and requirements specifications.
  13. To provide guidance and assistance to colleagues in any aspect of program design, creation, testing and documentation.
  14. Should continuously assess his/her technical skills, learn and advise on new technologies and trend.
  15. Ensure that the developed solution follows the defined Bank’s Software Development Life Cycle (SDLC) procedures.
  16. Ensure the source code and other standard configurations are properly archived in the Bank’s source code management systems.
  17. To work on one or more project(s) as a project Lead or as a project team member.

COMPETENCIES (skills, experience and knowledge):

  1. At least a Master’s / Engineering Degree in Computer Science, Software Development or related business fields.
  2. Minimum of five (5) years’ experience as a Software Developer or customer-facing Business Analyst in an IT organization within a multi-lateral Institution.
  3. Experience in application development / programming.
  4. Experience within the industry standard System Analysis / Applications.
  5. Very good understanding of Financial Systems and technologies trends.
  6. Experience in systems analysis, design and a solid understanding of Software Development Life Cycle (SDLC), quality assurance and integration methodologies.
  7. Deep experience and technical skills in supporting and maintaining financial systems such as SWIFT, GT Match, Blumberg, and Reuters.
  8. Experience in one of these SAP-Hana Financial Modules (CML, FO, FICO) is desired.
  9. Experience in creating reports and using data visualization tools, such as SAP Business Object, Tableau and Microsoft Power BI is a plus.
  10. Having a working knowledge of the Microsoft Servers environment and Platforms (SharePoint and Office 365) is also a plus.
  11. Strong interpersonal skills.
  12. Excellent presentation skills.
  13. Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
  14. Knowledge of the Bank’s standard software: Excel, Word, Power Point, MS Project, Access, etc.

 

THIS POSITION IS CLASSIFIED INTERNATIONAL STATUS AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.

Lead Coordinator

Wed, 29/09/2021 - 13:38

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 81 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, namely: energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.

THE COMPLEX:

Within the Regional Development, Integration and Business Delivery Complex (RDVP), the Bank has five (5) Regional Development, Integration and Business Delivery (RDIBD) Directorates, one in each region of Africa: North, South, East, West, and Central. Each Regional Directorate is headed by a Director General (DG) and is staffed with the relevant sectoral functions and administrative capabilities for rapid delivery of services to client countries. The Regional Directorates provide overall strategic direction to country offices within the regions and are responsible for the Bank’s operations, business development, project management and overall effective delivery of the Bank’s High 5s agenda: ‘Light up and Power Africa,’ ‘Feed Africa,’ ‘Industrialize Africa,’ ‘Integrate Africa,’ ‘Improve the Quality of Life for the People of Africa.

THE HIRING DEPARTMENT:

The Transition States Coordination Office (RDTS) oversees the implementation of the Bank Group’s Strategy for Addressing Fragility and Building Resilience in its Regional Member Countries (RMCs). It also coordinates the lending and non-lending activities of all fragility and resilience experts stationed in the various Regional Directorates or Country Offices. Apart from RMCs, the Bank also works with several international partners including the African Union (AU), the United Nations (UN) system, Regional Economic Communities (RECs) and other sub-regional organizations such as the G5 Sahel Permanent Secretariat, Lake Chad Basin Commission, IGAD, and the Mano River Union(MRU) Secretariat. The Bank also works with several humanitarian, peace and development actors working in fragile situations.

Over the past decade, Africa has seen enormous growth and transformation that has expanded opportunities and improved living conditions for millions of people. More than two-thirds of African countries have strengthened their quality of governance, improved basic services, and expanded economic opportunities. Yet, there are significant risks that this momentum could be undermined by emerging pressures which include conflict and instability, population displacement and migration, continuing patterns of exclusion and poverty, unemployment, rapid urbanization, climate change and poor management of natural resources. More recently, the impact of the COVID-19 global pandemic, is expected to significant adverse effects and far-reaching consequences for countries in fragile situations.

RDTS aims to place the Bank at the center of Africa’s efforts to address fragility and pave the way for a more resilient and inclusive development trajectory. A major part of RDTS’ activities involves the identification of the main drivers of fragility, including economic, social, political and environmental dimensions, through the application of the Country Resilience and Fragility Assessment (CRFA) tool and corresponding fragility assessments.  RDTS also plays a crucial role in mainstreaming fragility considerations in the Bank’s regional and country strategies as well as in the design and implementation of projects and programs. In this regard, central to RDTS engagement is the systematic application of a fragility lens to identify, respond to and prevent fragility and to build resilience and focus the Bank’s engagement in the areas where it can have the biggest impact. To this end, the Bank is also active in carrying out thematic analytics to enhance policy dialogue on fragility related issues to steer reforms and policy changes aimed at creating enabling environments for accelerated development in countries in fragile situation. This includes creating a business enabling environment to attract private sector investments in these countries, as a way of expanding opportunities for decent work.

THE POSITION:

Under the general supervision of the Director, RDTS, the Lead Coordinator will principally be responsible for the implementation and execution of the African Development Bank’s agenda for addressing fragility and building resilience in Africa. The Lead Coordinator will also be responsible for providing leadership, managing and supervising the delivery of corporate products and activities of RDTS, including resources mobilization and the fiduciary management of the TSF and supervising the implementation of the Bank’s fragility and resilience programs and frameworks.

The Lead Coordinator will oversee the planning and the execution of the work program and ensure an effective use of human and budgetary resources for the promotion of the Fragility Lens application in the Bank’s analytics, strategies, and operations. She/he will oversee the work planning and resource management towards the development of corporate strategic and policy frameworks that empower the effective implementation of the Bank’s fragility agenda. This will entail advising senior management on the actions needed to meet the Bank’s commitments under each cycle of the African Development Fund.

In coordination with the Management of appropriate Bank’s units, the Lead Coordinator will ascertain a structured and timely delivery of high-quality fragility-related inputs in the Bank’s lending and non-lending activities. She/he will further ascertain a structured and timely delivery of high-quality resilience-based advocacy materials, partnership initiatives, knowledge products, guidance notes, and policy frameworks supporting the effective implementation of the Bank’s strategic and operational engagement in fragile situations in Africa.

KEY FUNCTIONS:

Under the supervision of the Director RDTS, the Lead Coordinator will provide technical leadership, manage and supervise staff and activities of RDTS, determine the overall objectives, oversee the execution of the work program and the performance of the TSF, and ensure effective use of the RDTS budget. Her/his duties and responsibilities will include the following:

  1. Lead and coordinate the formulation of the Bank’s strategies, guidelines on fragility and the preparation of the Bank’s work program; oversee and ensure regular review and update of the Bank’s strategies and guidelines on fragility and resilience;
  2. Coordinate with the front office of the RDVP Complex to set, monitor, and keep rolling the RDTS workplan for the preparation of full-fledged and/or targeted fragility assessments in synchronization with the preparation schedule of country and regional integration strategy papers;
  3. Lead the fiduciary and administrative management of the TSF, including the monitoring of financial flows, country eligibility, country allocations, program-based approvals and disbursements. Set a structured approach for an effective monitoring and reporting on the performance of the TSF portfolio;
  4. Work with the appropriate resource units of the Bank and co-lead the effective implementation of the Enhanced Readiness Reviews framework to ensure the compliance of projects with high quality standards and promote the operational mainstreaming of resilience-based considerations;
  5. Lead work on the development of new fragility and resilience tools, knowledge generation and participate in policy dialogue with Regional Member Countries;
  6. Lead, plan, and supervise the annual rollout of the Country Resilience and Fragility Assessment (CRFA) framework.  Ensure a timely data collection, compilation, and validation of the CRFA scores for all RMCs and regions. Lead the release and the dissemination of the annual CRFA scores and profiles;
  7. Provide intellectual and technical leadership to effectively support the design and implementation of operations in fragile situations, in collaboration with operational and sectorial units, including private sector investment teams, Country Offices, and Regional Directorates;
  8. Coordinate with the Resource Mobilization and Partnerships Department (FIRM) and contribute in the Bank’s efforts for mobilizing resources by leading the preparation of appropriate fragility-related materials in support of the advocacy for the African Development Fund, as well as other Trust Funds and financial instruments;
  9. Coordinate with the Regional Integration Coordination Office (RDRI), and appropriate task teams, the annual implementation of the Regional Operations Prioritization exercise and contribute in mainstreaming fragility and resilience-based considerations in submitted regional programs and regional public goods;
  10. Work with the relevant Finance Departments and Units, and provide strategic and technical advice on innovative mechanisms to help mobilize larger volumes of resources to meet the increasing financing needs in fragile situations;
  11. Maintain relationships with the Bank’s shareholders and set a structured approach for mobilizing additional financing—targeting specific fragility issues—through the TSF from non-traditional donors, philanthropies, charitable institutions, non-governmental organizations, and private foundations
  12. Coordinate with the appropriate task teams and ensure that RDTS is properly involved in the preparation of fragility-sensitive diagnostic notes, strategy papers, and project documents, especially in those reflecting on the Bank’s operational engagement in vulnerable and/or conflict-affected settings;
  13. When required, lead the preparation of information notes, briefs, presentations, talking points, and/or speeches in support of the participation of Senior Management in high-level, technical, international, regional, and/or national events on topics relating to addressing fragility and building resilience in Africa;
  14. Facilitate and supervise the delivery of capacity building, communication, dissemination, and/or knowledge events (including the Africa Resilience Forum) on the Bank’s strategic approach to building resilience and its operational application of the fragility lens for the benefit of internal and/or external stakeholders;
  15. Provide regular, timely, and consolidated—quantitative and qualitative—updates on RDTS activities under operations, analytics, policies, partnerships, capacity building, resources mobilization, and the TSF management. Monitor and assess progress made towards the attainment of relevant key performance indicators assigned to these workstreams and provide regular reports to the Bank’s Senior Management and the Board of Directors;
  16. In coordination with appropriate Bank’s authorities, develop a clear and practical roadmap to foster dialogue with RMCs and RECs, assess their capacity building needs, and identify targeted entry-points for building institutional resilience through capacity development programs;
  17. Represent the Director, as needed, in Bank-wide working groups as well as preparatory meetings for High Level events.

COMPETENCIES (skills, experience and knowledge):

  1. Hold at least a Master's degree in Economics, Political Science, International Relations, Public Policy, or related discipline;
  2. Have a minimum of eight (8) years of professional experience in a multilateral development institution at a similar operating level;
  3. Solid understanding of fragility and resilience concepts and demonstrated capacity to understand the political economy and local context of fragility, particularly in Africa. Familiarity with fragility policies, tools, and instruments;
  4. Ability to deliver in a dynamic environment with multiple demands and quick turnaround of outputs, as well as ability to lead cross-complex and Corporate assignments, work under pressure while retaining perspective and professionalism, and making effective and timely decisions. Strong operational experience in fragile settings is essential;
  5. Excellent strategic thinking skills with the ability to translate strategic concepts and direction into the results-driven implementable operational programs and activities;
  6. Excellent knowledge of development institutions’ policies, guidelines and procedures relevant to fragile contexts, and strong analytical and strategic capabilities, program management in policy-oriented institutions, academia or within multilateral development institutions
  7. Strong leadership qualities, interpersonal, organizational and team management skills, with demonstrated ability to build strong networks and teams to achieve results;
  8. Excellent client orientation; pragmatism and effectiveness; integrity, tact and discretion;
  9. Demonstrated ability to lead or contribute to high-level analytical work and investment operations;
  10. Results oriented, with an ability to work independently as well as motto and produce results in collaboration with departments across the African Development Bank;
  11. Excellent communication and presentation skills, able to write effectively in English and/or French with a good working knowledge of the other language;
  12. Competence in the use of Bank standard software applications (Word, Excel, PowerPoint), Knowledge of SAP is highly desirable.

 

THIS POSITION IS CLASSIFIED AS INTERNATIONAL RECRUITMENT AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.

THIS IS NOT A NEW ADVERTISEMENT BUT AN EXTENSION OF THE APPLICATION WINDOW FOR THE SAME ADVERTISED POSITION. CANDIDATES WHO HAVE ALREADY SUBMITTED THEIR APPLICATIONS NEED NOT SUBMIT ANOTHER ONE.  

Chief Equity Portfolio Management Officer

Wed, 29/09/2021 - 11:37

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 81 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 COMPLEX:

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, coherent and harmonized Private Sector Operations performed by the five (5) sectoral departments of the Bank (Energy, Infrastructure, Industry and Trade, Agriculture and Social Services, Financial services) a Central  Support Department for Non Sovereign Operations (NSOs)-related activities (PINS) was  put in place. The primary role of PINS is to: (i) assist Sector Departments to efficiently design and monitor NSOs, in a coherent manner, in line with the best market practices and in consistency with the Bank’s related Strategies, Policies and Guidelines, including the Bank’s Private Sector Development Strategy and Policy, (ii) manage the corporate portfolio comprising equity, debt and guarantee instruments.

THE POSITION:

The main responsibilities of the Chief Equity Portfolio Management officer are:

  1. Lead, Oversee and coordinate the Supervision and monitoring of active equity investments of the Bank,
  2. Lead the corporate Equity portfolio management and reporting,
  3. Contribute dissemination of lessons learnt and knowledge sharing on Private Equity development.

KEY FUNCTIONS:

Under the supervision of the Division Manager, the Chief Equity Portfolio Management officer will perform the following duties:

  1. Lead and Coordinate the on-going supervision activities of all Private Equity Funds investments
  2. Coordinates and oversee the Advisory committees and Annual General Meetings (AGMs) of Private Equity Funds.
  3. Oversees the activities of the Direct equity investments including the coordination of Board representations at the investee companies as well as AGMs and EGMs.
  4. Reviews all annual supervision reports and project status reports prepared by portfolio management officers of Private Equity Funds.
  5. Leads, guides, and ensures harmonization in the processing of all requests for waivers and other changes in the terms of investment agreements.
  6. Leads and guides Portfolio Management Officers with problem investments, including handling of rescheduling, restructuring, and other instruments, and processing the internal documents required to obtain approvals in line with Delegation of Authority Matrix, including Board approvals.
  7. Oversees, ensures compliance, and clears the processing of disbursement requests and distribution notices related to equity investments.
  8. Coordinate and ensure the review of all quarterly reports by Portfolio Officers and share with portfolio officers the matters which can apply to other investments.
  9.  Assists as expert lead in the preparation of the semi-annual equity portfolio report and Annual Portfolio review report for submission to the Senior Management and the Boards.
  10. Through the oversight of the Quarterly valuation review, coordinates with Portfolio Management Officers and work with risk management and accounting officers on maintaining accurate risk rating of the individual investees and coherent financial data.
  11. Contributes to reviews of policies, practices, and procedures as necessary to identify and scope areas for improvement.
  12. Leads and oversees the sharing of lessons learned and ensure assigned Portfolio Management Officers provide input at entry of new investments to ensure quality at entry and adequate supervision program aligned with risk rating assigned to investment.
  13. Guides Portfolio Officers in their role on Project Appraisal Teams, ensure quality at entry.
  14. Ensures that the transfer process of investments from origination Sector Teams to Portfolio Management team is performed in line with process
  15. Oversees quality of data in the equity portfolio management software eFront including the accurately detailing of the capital calls and distribution.
  16. Establishes effective partnerships with internal, external customers, partners, and stakeholders, using a range of communication and facilitation skills. This optimizes opportunities for partnerships which ensures customer focused service delivery for improved business performance.
  17. Handle other ad hoc assignments as requested by the Management team of PINS.

COMPETENCIES (skills, experience, and knowledge)

  1. At least a Master’s degree in Business Administration, Finance, Accounting, Law or Economics or related fields.
  2. A minimum of seven (7) years of relevant professional experience in the Bank or a similar institution and/or in strategic consultancy, Private Equity Fund, Asset Management.
  3. Experience and understanding of direct equity investment and private equity funds management.
  4. Good Knowledge of equity valuation methods.
  5. Proven ability to acquire new skills (particularly in legal, investment, risk capital, technology, and innovative sectors).
  6. Capacity to adapt to the rapidly evolving needs of the Bank’s Non-Sovereign Operations ecosystem.
  7. Knowledge of international economic development issues is not essential but would be an asset.
  8. Sense of initiative and innovation in proposing solutions to internal and external clients and partners’ needs.
  9. Ability to respond swiftly to new situations and to anticipate eventual challenges and roadblocks.
  10. Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
  11. Strong interpersonal skills and ability to communicate at all levels of the organization. 
  12. Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint). Knowledge of SAP and eFront is desirable.

 

THIS POSITION IS CLASSIFIED INTERNATIONAL STATUS AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.