African Development Bank Recruits Director - Financial Management (FFMA)

African Development Bank established to strengthen dialogue between the Bank and the Government is recruiting to fill the below position:

Job Title: Director - Financial Management (FFMA)
Grade: EL-5
Reference: ADB/13/030

Objectives
Incumbent shall lead a team of high-caliber professionals responsible for the formulation of risk and asset liability management (ALM) policies of the Bank Group and for monitoring the proper functioning and application of such policies and related practices and business processes. Under the general supervision of the Vice-President, Finance, the duties and responsibilities include the following:

Duties and responsibilities

1.) Policies/Strategies

• Formulate and review all policies pertaining to the management of the assets and liabilities and related credit, liquidity, market and operational risks of the Bank Group.
• Provide regular and timely feedback and advice to Senior Management and the Boards of Directors regarding the functioning of these policies;
• Participate in the formulation and recommendation of appropriate instruments and strategies, and related guidelines for approval by the Board;
• Liaise with counterparts at other institutions, particularly MDB’s, to exchange ideas on financial policies, asset management approaches and risk management methodologies, or to explain policies to the financial community as well as the rating agencies;
• Analyze the impact of policy changes on the financial position of the Bank.

2.) Management

• Supervise the implementation of asset and liability management activities to optimize asset allocation, ensure proper application of guidelines, reduce costs of borrowing, and control risk;
• Coordinate all interactions with relevant international rating agencies;
• Advise and participate in the shareholder capital increases of the Bank and member replenishments of the Fund;
• Develop work programs of the Department (including that of Divisions and Units) and related budgets;
• Supervise the work of the Department’s Division Managers, and evaluate their performance;

3.) Leadership

• Chair the Credit Risk Committee of the Bank
• Provide strategic leadership and vision on the risk management culture of the Bank Group;
• Develop capacity building programs for investment officers and African Central Banks.

Selection Criteria
Including desirable skills, knowledge and experience

Education

• At least a Masters/post – graduate Degree in Finance, Business Administration, Economics or related fields.

Experience

• At least 10 years of relevant professional experience with heavy emphasis in the areas of ALM and Risk Management, including 5 years at a managerial level.

Competencies

• Should be able to use financial knowledge to ensure optimal utilization of financial resources;
• Strong communication skills in English or  French; ability to communicate in both languages a plus
• Proven excellence in presenting and effectively communicating complex financial and risk management concepts or models to a non-technical audience  
• Competence in the use of standard software used in the Bank such as Word, Excel, Access and Power Point, knowledge of SAP highly desirable.

Application Closing Date
26th February, 2013

Method of Application
Interested and qualified candidates should:
Click here to apply online