New member? Register

Administrative Jobs in Nigeria

Advertising Jobs Nigeria

Accounting Jobs in Nigeria

Auditing Jobs Nigeria

Arts Jobs in Nigeria

Agriculture Jobs in Nigeria

Architecture Jobs in Nigeria

Aviation Jobs in Nigeria

Automobile Jobs in Nigeria

Banking Jobs in Nigeria

Classified Jobs Nigeria

Computer & InfoTech Jobs

Customer Service Jobs

Civil Engineering Jobs

Cook Jobs

Database Jobs in Nigeria

Driving Jobs in Nigeria

Education Jobs for Nigerians

Estate Management Jobs

Electrical/Electronics Jobs

Engineering Jobs in Nigeria

ERP & SAP Jobs in Nigeria

Facility Mgt Jobs in Nigeria

Finance Jobs in Nigeria

Front Desk Jobs in Nigeria

Geology & Drilling Jobs

Government Public Service-

Hardware Jobs in Nigeria

Hospitality Jobs in Nigeria

Hotel Jobs

HR Jobs in Nigeria

Industrial Attachment (Internship)

Insurance Jobs in Nigeria

Internet & Work aHome Jobs

Java Jobs in Nigeria

Law Enforcement Jobs

Lecturing Jobs in Nigeria

Legal Jobs in Nigeria

Linux & Unix Jobs Nigeria

Marketing & Sales Jobs

Mass Communication Jobs

Maritime & Shipping Jobs

Medical & Healthcare Jobs

Military Jobs in Nigeria

Ministry & Parastatal Jobs

Computer Networking Jobs

NGO Jobs in Nigeria

Oil & Gas Jobs in Nigeria

Oracle Jobs in Nigeria

.Net Technology Jobs Nigeria

Personal Assistant Jobs

PHP & MySQL Jobs in Nigeria

Physician & Med Practioner

Public Sector/Service Jobs

Public Relation Jobs

Programming Jobs in Nigeria

Pri/Sec Sch Teaching Jobs

Real Estate Jobs in Nigeria

Research Jobs in Nigeria

Safety & Health Jobs

Secretarial Jobs in Nigeria

Security Jobs in Nigeria

Sales Jobs

Shipping & Maritime Jobs

Student Jobs in Nigeria

Mass Communication Jobs

Software Developer Jobs

System Admin Jobs in Nigeria

Teaching Jobs in Nigeria

Telecommunication Jobs

Unskilled Jobs Nigeria

Volunteer Jobs Nigeria

Web Developer Jobs Nigeria

Web Designer Jobs in Nigeria

Get Latest Nigerian Job Alert!
Enter your email below.

Delivered by FeedBurner

          Popular Jobs
Howbury School Job Recruitment (3 Positions)

Owens and Xley Consults Job Recruitment (4 Positions)

United Nations International Children's Emergency Fund (UNICEF) Job Recruitment (3 Positions)

BeeBeeJump International Limited Job Vacancies (3 Positions)

Altara Credit Limited Job Recruitment (6 Positions)

Growth in Value Alliance (GV Alliance) Partners Job Recruitment (3 Positions)

HNJ Exclusive Job GOODY Bag - August Week Two UPDATE!

HNJobs (Recap): International Agency / NGO / Multinational Job Opportunities - HNJ Exclusive

Latest Internship Job Recruitment in Nigeria - HNJobs (Weekly Recap)

Ascentech Services Limited Job Recruitment (4 Positions)

Latest Customer Service / Front Desk Job Recruitment in Nigeria - HNJobs (Weekly Recap)

Latest Graduate & Management Trainee Job Recruitment in Nigeria - HNJobs (Weekly Recap)

Latest Oil & Gas Job Opportunities in Nigeria - HNJ Exclusive

APM Terminals Job Recruitment

Creative Associates International Job Recruitment (3 Positions)

HNJobs (Recap): Federal / State Government Job Opportunities - HNJ Exclusive

Coinbox Limited Job Recruitment (3 Positions)

DE Raph City Travel and Tour Job Recruitment (3 Positions)

Black Pen Job Recruitment (8 Positions)

Mario Consulting Limited Job Recruitment (6 Positions)

International Housing and Construction Limited Job Recruitment (4 Positions)

Crown Agents Nigeria Job Recruitment (4 Positions)

Cuso International Job Recruitment (4 Positions)

ipNX Nigeria Limited Internship & Exp. Job Recruitment (24 Positions)

United States Agency for International Development (USAID) Job Recruitment

Multipro Consumer Products Limited Job Recruitment (8 Positions)

TechnoServe Nigeria Job Recruitment (9 Positions)

Catholic Relief Services (CRS) Entry Level & Exp. Job Recruitment (6 Positions)

U.S. Mission in Nigeria Job Recruitment (5 Positions)

OPEC Fund for International Development Graduate, Internship & Exp. Job Recruitment (10 Positions)

Sterling Bank Plc Job Recruitment (3 Positions)

Bizpool Africa Job Recruitment (4 Positions)

Head of Products at Konga Nigeria

Webcoupers Job Recruitment (5 Positions)

Graduate Trainee, Internship & Exp. Jobs at PearlDrops Healthcare Staffing (15 Positions)

Cedarcrest Hospitals Limited Job Recruitment (22 Positions)

Procter and Gamble Nigeria Internship & Exp. Job Recruitment

Plan International Job Recruitment (5 Positions)

World Bank Group Job Recruitment (4 Positions)

Association for Reproductive and Family Health (ARFH) Job Recruitment

KPMG Nigeria Job Recruitment (4 Positions)

Sasakawa Africa Association (SAA) Nigeria Job Recruitment (5 Positions)

Union Diagnostic and Clinical Services Plc (UDCS Plc) Job Recruitment (10 Positions)

Achieving Health Nigeria Initiative (AHNi) Job Recruitment (3 Positions)

Chemironcare Nigeria Limited Job Recruitment (7 Positions)

Pearls Specialist Hospital Job Recruitment (3 Positions)

Midwestern Oil and Gas Company Limited JV Secondary School / University Scholarship Award Scheme 2020 / 2021

Internship & Exp. Jobs at Trefoil Networks Limited (4 Positions)

Lotus Media Job Recruitment (5 Positions)

Telinno Consulting Limited (TCL) Job Recruitment (5 Positions)

Senior Financial Compliance Officer at the African Development Bank Group (AfDB)

Posted on Wed 17th Jul, 2019 - --- (0 comments)

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.

We are recruiting to fill the position below:

Job Title: Senior Financial Compliance Officer

Position N°: 50100551
Location: Abidjan, Cote D'ivoire
Grade: PL5


The Private Sector Credit Enhancement Facility (PSF):
  • The PSF is a captive credit risk participation facility that participates in the credit risks of the AfDB’s Non Sovereign Operations (NSOs) in countries eligible to borrow from the African Development Fund (ADF) - namely low income countries. Given its current capital base, the PSF’s target portfolio size stands at UA 1.1 billion of credit exposures.
  • Given the specific nature of the PSF as a risk participant in the Bank’s NSO, the ADF Board of Directors exercises oversight over the Facility and approves risk participations by the Facility in each NSO in compliance with the PSF Framework and Guidelines. The PSF Administrator (PSFA) is responsible for the day-to-day management of the PSF and for mobilizing additional resources to increase the Facility’s risk bearing capacity.
  • The PSF is financially and operationally autonomous with a total separation of resources from those of the ADB and the ADF. It sources certain middle and back office functions from the ADB.
  • The PSFA works closely with relevant departments to ensure these functions are performed in a timely manner and in line with applicable standards and ensure that it meets all performance and financial planning, reporting and audit requirements.
The Position
  • Under the Supervision of the PSF Administrator, the objective of the Financial Compliance Officer  is to ensure systematic and effective development and maintenance of statutory documentation, financial reporting and management  guidelines;  provision of technical leadership in the preparation of the PSF’s financial planning; preparation of the PSF’s Profit and Loss (P&L) Account information, (including the preparation of financial projections);  compliance reporting  specifically, compilation of financial statements, adoption of standards; coordination of the preparation and review of billing, income and financial statements, as well as audits and other fiduciary controls.
  • The position holder will also coordinate the preparation and ensure follow up of all agreements between the PSF, service providers and third parties; contribute to the preparation of documentation regarding the compliance of candidate transactions for PSF risk participation; contribute to quarterly and annual statutory and contractual reporting activities of the PSFA; lead the preparation and execution of procurement-related activities; identify and monitor key operational and financial management risks and proposing and implement appropriate risk mitigation measures; and contribute to a continuous improvement of the PSF’s processes and guidelines.
  • S/he will also be expected to leading internal monitoring and evaluation of the PSF’s performance against key business targets; contributing to initiatives augmenting the PSF’s risk bearing capacity; and any other activities as needed.
Duties and Responsibilities
The Financial Compliance Officer is responsible for:

Financial planning:
  • Coordinate the production of the Facility’s Profit and Loss account.
  • Lead the production and implementation of PSF operational budgets and program taking into account financial projections, business needs and strategic business objectives.
  • Contribute to business planning by producing relevant outputs such as management accounts, financial performance reports, financial projections and budget proposals.
Verification and outsourced financial services:
  • Contribute to monitoring the PSF financial data, flag emerging trends control weaknesses and risks, propose remedial action as appropriate, and follow up on recommendations.
  • Provide technical guidance on program activities, including: (i) quality of PSF financial management; (ii) on all financial management issues; (iii) quality of preparation of billing, financial reporting and audit queries; (iv) outsourced treasury investment activities.
  • Ensure compliance of PSF fiduciary functions both insourced and outsourced.
  • Undertake the analytical work in order to provide management with a background for their decision making in support of PSF financial planning , reporting and audit reviews.
  • Coordinate with officers of the finance organizational units to collect all the necessary financial management and audit information.
  • Coordinate with officers of the Financial Control Department as regards production and verification of financial statements and billing.
  • Coordinate with officers of the Treasury Department as regards PSF treasury investment and reporting.
Financial control and reporting:
  • Monitor and review quantitative and qualitative data and analyze periodic financial and operation performance ofagainst targets to proactively identify issues that should engage management attention and review consistency with policy and guidelines;
  • Coordinate the preparation of the PSF’s periodic financial reports for the ADF Board, Management and audit purposes.
  • Prepare management accounts and at a glance reports and tables of exposure indicators as well as of lending monitor program.
  • Ensure quality and timely financial management and reporting advice including by making sure PSF periodic reporting is completed using the most recent and updated financial, risk and project information available to the Bank.
  • Track key performance indicators for Private Sector Operations (PSO) in which the PSF risk participates.
  • Contribute to other PSF reporting, including on the capital relief impact of the PSF on the ADB and the incremental development results of the PSF portfolio.
  • Contribute to reporting to support the PSFA’s activities aimed at augmenting the PSF’s risk bearing capacity.
Systems improvements:
  • Coordinate periodic review of guidelines, processes and tools, and to ensure they are compliant and aligned with financial management standards.
  • Assess the continued compliance with and adequacy of operating accounting systems and related financial controls.
  • Liaise with operational, risk, financial management and legal functions to produce and update process maps and identify improvements to current processes and systems. (Including: budgeting, internal control, treasury management, accounting, financial reporting and external auditing).
  • Contribute to the preparation and review of PSF guidelines in respect of financial planning, compliance verification, financial reporting and control, performance monitoring and evaluation.
Contributing to initiatives augmenting the PSF’s risk bearing capacity:
  • Engage with external investors, donors and guarantors to ensure the financial planning and reporting requirements of their support to the PSF are systematically complied with;
  • Coordinate with the financial management and disbursement organizational units, to ensure that related guarantee and administrative fees preparation and payments (to and from third party providers) are undertaken timeously and accurately
Selection Criteria
  • At least a Master’s degree or equivalent in Master’s Degree in Finance, Financial Management, Accounting and/or Business Administration.
  • Additional qualifications like Chartered Financial Analyst (CFA), Association of Chartered Certified Accountants (ACCA) or similar is highly desirable.
  • At least five (5) years of relevant experience in audit, banking and/or financial management– with experience working with IFRS and IAS accounting standards as well as implementing updates;
  • Financial management in line with evolving international standards for the credit insurance/guarantee industry.
  • Sound understanding of the interrelationship of risks (financial, operational) and application of an integrated risk management approach in assessing the PSF’s performance and proposing remedial action
  • Experience in a similar function with credit insurance and/or guarantee providers
  • Capable toproactively propose changes and revisions the financial management related guidelines of the PSF to ensure that the PSF maintains a sound financial management framework and that it is not exposed to foreseeable risks;
  • In the constantly and fast changing business environment applicable to financial reporting standards- the financial compliance officer alerts the PSFA early enough about new standards and practices that are emerging, formulates and recommends an appropriate policy response;
  • Provide technical knowhow working through Bank departments or third party service providers to ensure that the range of financial management related activities associated with the PSF are undertaken timeously and effectively
  • Experience working in the Africa region and/or other frontier/emerging markets is highly desirable.
  • Proactively proposes changes and revisions the financial management related guidelines of the PSF to ensure that the PSF maintains a sound financial management framework and that it is not exposed to foreseeable risks;
  • Proven outstanding analytical capabilities, report writing skills and ability to deal with FM issues innovatively and independently.
  • Proven professional report writing ability.
  • Problem solving : Applies business knowledge to the resolution of problems and identifies solutions to the benefit of the client (internal and external) and the organization;
  • Communication: Provides clear and concise oral and written communication; presents oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience;
  • Operational effectiveness :The Commitment to ensure that full use is made of the systems, procedures and culture within the organization in order to deliver the required results;
  • Innovation & Creativity: The commitment to search for and produce innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients;
  • Teamwork & Relationships: Works with others to maximize the effectiveness of the team as a whole, sharing the knowledge and workload. Develops strong working relationships with colleagues and contributes to creation of a positive team environment;
  • Ability to communicate effectively (written and oral) in English or French with a good working knowledge of the other language.
  • Proficient in the use of standard MS Office software applications, particularly Word, PowerPoint, and Excel as well as SAP. Knowledge of SAP would be an advantage
  • Ability to communicate effectively (written and oral) in English is a requirement for this position. (Bilingual in English and French, desirable)
Application Closing Date
16th August, 2019.

How to Apply
Interested and qualified candidates should:
Click here to apply online

  • 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.
  • 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.


Comments (0)

Post a Comment
Name: *
Email: *
Comment: *