Chief Financial Markets Officer - OFSD.3 at the African Development Bank (AfDB)

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

Job Title: Chief Financial Markets Officer - OFSD.3

Reference: ADB/15/065
Location: Nigeria
Grade: PL-3
Position N°: NA

Objectives

• The primary role of the Financial Sector Development Department (OFSD) is to help the regional member countries (RMCs) increase reach (e.g. financial inclusion), depth (e.g. financial intermediation), and breadth of financial systems (e.g. capital market, cross-border development).
• The mission of the Department has four long-term objectives: (i) development of a vibrant private sector through an inclusive access by households and enterprises to financial services; (ii) strengthening markets participants; (iii) developing efficient capital markets, and (iv) deepening regional financial integration.
• The Financial Markets Division (OFSD3) of OFSD will focus on projects aiming to create more efficient financial markets and institutions capable of mobilizing domestic savings and allocating scarce capital.
• Because investment finance provided by the development community supplies only a minute fraction of the capital used by private agents across Africa, OFSD3 will endeavor to channel the Bank Group’s resources in ways that develop Africa’s financial markets.

Duties and Responsibilities
The Chief Financial Markets Officer will work under the guidance and supervision of the Division Manager.

Her/His duties and responsibilities will include:

• Maintain a thorough understanding of African’s financial transactions in markets, provide market intelligence and analysis and develop strong business networks;
• Build and maintain strong relationships with clients, global and regional private businesses, banking and multilateral partners and government officials to further develop the sector and to develop specific investment opportunities;
• Develop a strong pipeline of good quality Financial Markets investment opportunities;
• Lead and manage transactions. This involves leading project identification and appraisal missions of both lending and non-lending programs such as guarantee programs and/or advisory business development. Undertake the preliminary evaluation of project proposals to assess their feasibility for financial assistance and/or technical support by the Bank. This involves leading and coordinating the initial screening of project applications, carrying out of desk reviews, preparing preliminary evaluation notes for presentation to the Department Management Team to determine a project’s suitability for inclusion in the pipeline or project concept notes for public sector projects; and the preparation of project appraisal reports for presentation to the Department, the various review committees and finally to the Board of Directors;
• Evaluate, oversee structure, negotiate, and close new transaction;
• Lead the development of innovative and appropriate financial structures for complex transactions;
• Coordinate closely with social environmental, and technical assistance colleagues in order to add value to our clients’ businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact;
• Assist in integrity due diligence for potential clients;
• Advising on developing and promoting new financial markets products.

Requirements

Selection Criteria
Including desirable skills, knowledge and experience:

• At least a Master's or its equivalent in Development Economics, or any other discipline that is relevant to the operations of the Bank; strong knowledge of socio-economic development issues and policies of African countries.
• Preferably a minimum of eight (8) years of relevant professional experience;
• Experience in finance with a proven track record of financial market transaction sourcing, project management and closing sound investments, and with experience in credit finance across all aspects of a Bank-financed transaction, including:

1. Credit analysis,
2. Assets evaluation,
3. Relationship management,
4. Origination,
5. Execution
6. Negotiation.

• A command of financial markets instruments. With strong financial and credit skills.
• The ability to engage in a broad range of financial policy issues including: a) Financial sector policy and regulation, b) Banking, c) Capital markets, d) Insurance, e) Investments/equity funds, f) financial aspects of PPPs, g) SME finance, and h) Trade Finance.
• A capacity to advise Bank’s Organizational Units and external stakeholders on financial markets issues.
• Outstanding knowledge of RMCs, the capacity for conceptual and strategic analysis, and perfect command of financial markets issues so as to be able to analyse and evaluate financial markets division projects critically and exhaustively.
• Strong interpersonal skills and ability to interact directly and independently with senior management of potential clients, financial and technical partners, and government officials, and colleagues from various cultural backgrounds.
• A successful track record in leading the above type of project finance transactions would be highly desirable,

Application Closing Date
29th May, 2015.

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