EOI - Consultant for Capital Markets & Subscriptions Division (FITR) at the African Development Bank Group (AfDB)

The African Development Bank (AfDB) 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.

We are recruiting to fill the position below:

Job Title: Expressions of Interest: Consultant for Capital Markets & Subscriptions Division - FITR

Location: Abidjan, Cote d'Ivoire
Consultant Type: Individual Consultant
Department Issuing the Request: Treasury Department
Duration of the Assignment: Six months (Renewable)
Tentative Date of Commencement: 15th May 2023
Report to: the Division Manager.
Job Family: Finance

Brief Description of the Assignment

• Assist with Environment, Social and Governance (ESG) activities within the Capital Markets & Subscriptions division.

Introduction / Background

• 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 Bank’s development mandate by raising cost effective resources from the capital markets.
• Treasury Department strives to ensure timely access to the major capital markets for primary debt and takes all necessary measures to increase investor awareness of its financial condition so as to enhance its new issuance and secondary trading activities. The Bank is rated triple A by the major rating agencies which it relies on to raise cost effective resources from capital markets.
• The Bank’s high credit rating is underpinned by conservative prudential financial policies such as maintaining substantial holdings of liquid assets.

Objectives of the Assignment

• The Treasury Department is looking for a senior-level consultant that will be responsible for a series of assignments related to ESG, as well as potentially assisting with other funding related projects and investor relations.
• The consultant will work under the guidance of the Manager of the Division.

Main activities and Deliverables
The assignments are of the following nature:

• Provide strategic input, advice on ESG rating and help develop marketing documentation.
• Advise and structure content on ESG microsite/website/corporate accountability.
• Review and advise on setting up an ESG investment portfolio.
• Development of world-class ESG content and materials for communication externally and internally at both a product and firm level.
• Provide ESG training for staff involved in green and social bonds from operations and provide advice on ESG integration.
• Provide expert advice on ESG hybrid capital.
• Facilitate discussions and information sharing on the sustainability aspects of hybrid capital.
• Develop and also provide strategic advice and review on ESG marketing material including presentations and newsletters.
• Provide expert advice on broader investor presentation materials and help develop other marketing materials such as funding newsletters, briefings and fact sheets.
• Provide expert and technical advice on funding, investors relations and database systems.
• Review funding current strategy and advise on potential ways to expand cost effective arbitrage.
• Draft a note on social impact bond and ability of AfDB to issue such a structure.
• Any other tasks as per the Manager’s guidance.

Required Expertise and Qualifications

• The consultant should possess strong quantitative and analytical skills, be well versed in finance and treasury techniques and should be committed to the social and economic development of countries in Africa.

Eligibility criteria for the recruitment are:

• A Master's Degree with at least 8 years relevant professional experience, preferably in finance.
• Strong knowledge and work in international debt capital markets, and sustainable debt markets.
• Knowledge of market platforms, e.g. Bloomberg, considered a plus.
• Good analytical insight, ability to draft concisely in English and, ideally, French.
• Excellent verbal and written communication skills ideally gained in a financial context.
• Strong working knowledge of ESG rating and sustainable debt markets.
• Be a national of one of the member countries of the Bank.
• Competent in the use of Bank’s standard software (Word, Excel, Access, PowerPoint, and web tools) and Treasury systems.
• Professional experience with some of the leading investment Banks is desirable.
• Fluency in English or French, with preferably a working knowledge of the other language.
• Integrity and ability to work in a team.
• Good listener with demonstrated ability to present and win support for ideas as well as make effective and timely decisions.
• The successful candidate should be methodical, analytical and someone who pays attention to detail.
• Ability to work independently and be creative and innovative.

Remuneration

• Remuneration of the consultant will be a function of the consultant's experience in accordance with procurement guidelines.

Application Closing Date
2nd May, 2023.