Junior Consultant - Assisting in Debt Capital Market Activities - FITR (EOI) at the African Development Bank Group (AfDB)

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: Expressions of Interest: Junior Consultant - Assisting in Debt Capital Market Activities - FITR

Location: Abidjan, Cote d'Ivoire
Consultant type: Junior Consultant
Job family: Other
Department issuing the request: Treasury Department
Place of assignment: Abidjan
Duration of the assignment: 6months
Tentative Date of commencement: 1 April 2023

Introduction

• The African Development Bank is a regional multilateral development bank whose shareholders include the 54 countries in Africa and  27 non-African countries from the  Americas,  Asia, and Europe. The Bank was established in 1964 with its headquarters in Abidjan, Cote d’Ivoire. The Bank’s primary objective is to promote the economic development and social progress of its regional member countries, individually and jointly. The central goal of the Bank’s activities is promoting sustainable growth and reducing poverty in Africa.  
• The Bank thus finances a broad range of development projects and programs.
• The AfDB provides financial assistance to its member countries using resources primarily raised in the capital markets.
• One of the key objectives of the Treasury Department is to support the development mandate by raising cost-effective resources from the capital markets.
• The Treasury department strives to ensure timely access to major capital markets for primary debt and take all necessary measures to increase investor awareness of its financial condition so as to enhance its new issues and secondary trading activities.
• The Bank is rated triple-A by the major rating agencies.

Purpose of the Consultancy

• The Treasury Department is looking for a Junior Consultant that will be responsible for assisting in a series of key assignments. The consultant will work under the guidance of the Manager of the Capital Markets and Financial Operations Division.
• The consultant will need to understand the AfDB Group, its strategy, achievements and how the Treasury department facilitates the Bank Group’s mission. He/she will have knowledge of the international debt capital markets.

Background

• The AfDB’s goal is to achieve a preferred investor status by being a regular and responsive issuer in the capital markets.
• The funding strategy focuses on raising cost-effective funding while maintaining a diversified investor base. Products offered to investors range from plain vanilla bonds to structured bonds to commercial paper, public issues to private placements, global bonds to African currency bonds to Uridashi issues that cater to our Japanese investor base.
• Investor relations is an important component of the funding strategy and is key to the Bank’s borrowing activities.

Duties and Scope of Work

• The Treasury Department is looking for a Junior Consultant that will be responsible for assisting in a series of key assignments. The consultant will work under the guidance of the Manager of the Capital Markets and Financial Operations Division.
• The consultant will need to understand the AfDB Group, its strategy, achie vements and how the Treasury department facilitates the Bank Group’s mission.
• He/she will have knowledge of the international debt capital markets.
• The assignments are of the following nature:
• Monitoring of debt capital markets, both primary and secondary
• Maintenance of the various databases of the division
• Regular updates of the investor presentation and the Bank’s borrowings website
• Preparation of the Bank’s Green and Social Bond newsletter
• Maintenance of the Bank’s Green and Social Bond webpages
• Update of Bank’s legal documentation for borrowings
• Information to rating agencies (including ESG rating agencies)
• Similar tasks as per the Division’s requirements.

Requirements

• The Junior Consultant should possess strong organizational, writing and analytical skills and must be very detail-oriented.
• The candidate shall be well-versed in research techniques and should be committed to the social and economic development of the African continent.

The Eligibility Criteria for the recruitment are:

• At least a Master’s Degree (or its equivalent) in Financial Markets;
• Minimum of two years and a maximum of five years of relevant experience in a relevant discipline related to the assignment;
• Strong knowledge of international debt capital markets;
• Professional experience with some of the leading investment Banks is desirable;
• Competent in the use of Bank standard software (Word, Excel, PowerPoint, and web tools);
• Be under 32 years of age;
• Be a national of one of the member countries of the Bank;
• Fluent in English and/or French, with preferably a working knowledge of the other language.

Application Closing Date
15th March, 2023.