Senior Commercial Credit Officer (Portfolio Management) 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: Senior Commercial Credit Officer (Portfolio Management)

Position Number: 50097590
Location: Abidjan, Côte d'Ivoire
Position Grade: PL5

The Complex

• The President, plans, supervises and manages the business of the Bank Group. Under the direction of the Boards of Directors, the President conducts the business of the Bank and the African Development Fund and manages operations and activities in accordance with the Agreements establishing the African Development Bank and the African Development Fund.
• The President supervises several Departments and Units including Office of the President; Independent Development Evaluation Department; Integrity and Anti-Corruption Department ; Compliance Review and Mediation Unit ; Secretariat to the Sanctions Appeals Board ; Administrative Tribunal ; Office of the Auditor General ; Group Risk Management Function ; General Counsel and Legal Services Department ; Communication and External Relations Department ; Staff Integrity and Ethics Office and Office of the Secretary General & General Secretariat.

The Hiring Department / Division

• The Group Risk Management Function (PGRF) develops policies and guidelines, methodologies and systems relating to credit risk assessment, market risk and operational risk and ensures internal consistency of all of the Bank’s risk management policies and guidelines, including those initiated and developed by other departments.
• The main mandate is to safeguard the Bank’s financial integrity and consolidate all core risk management activities of the Bank in order to exercise comprehensive oversight over the Bank’s risk exposure. In delivering its mission, PGRF focuses largely on promoting the Bank Group’s strategic goals within a defined risk tolerance framework.

The Position
The key objectives of the Non-Sovereign Credit Risk Unit (PGRF1), within the broader mandate of Risk Management Function (PGRF), are to:

• Ensure adequate assessment of credit risk of new non-sovereign operations as well as regular review of the Bank’s non-sovereign credit portfolio;
• Develop policies and guidelines, methodologies and systems relating to non-sovereign credit risk assessment and management for the Bank;
• Ensure internal consistency of all Bank’s non-sovereign credit risk policies and guidelines including those initiated and developed by other Departments;
• Monitor and report on compliance with policies and guidelines; and
• Contribute to the development of strategic risk metrics and a risk culture within the organization through the following: (i) managing the risk profile of the Bank’s non-sovereign portfolio to protect the Bank’s AAA credit rating and reputation; and (ii) Strengthening the Bank’s internal risk framework by improving credit processes.
• Ensure the functioning of the Credit Risk Committee Secretariat.

Key Functions
Under the overall supervision and guidance of the Unit Head PGRF.1, the Senior Commercial Credit Officer (Portfolio Management) performs the following:
Participate in portfolio monitoring and reporting by:

• Maintaining the risk rating database.
• Monitoring compliance with existing credit limits, KPIs and thresholds.
• Measuring and forecasting trends with respect to portfolio concentration and portfolio credit risk and proposing portfolio management initiatives to mitigate such risks. 
• Reviewing adequacy of impairment provisions and net asset value adjustments on a quarterly basis.
• Monitoring and regularly updating the watchlist portfolio.
• Preparing quarterly non-sovereign credit risk reports.
• Preparing technical notes and/or papers or conduct studies of interest to the Bank on commercial credit risk and related issues.
• Assisting to identify transactions for Balance Sheet Optimization initiatives.

Participate in the development and updating of commercial credit risk management policies, guidelines, processes, and procedures for their implementation by:

• Regularly reviewing the adequacy and appropriateness of policies, guidelines and procedures and proposing amendments as they may become necessary.
• Participating in the development and upgrading of commercial credit risk identification and assessment methodologies, including appropriate assessment, monitoring and management of tools and systems.
• Participating in the development of new initiatives regarding Environmental Social and Governance Risk and particularly climate risk measurement and management. 

Participate in risk related discussions by:

• Participating in management review committees and Board Committee sessions on non-sovereign transactions.
• Propagating a risk culture and serving as technical focal point.
• Interacting with Internal and External Auditors and Rating Agencies.
• Sharing key trends and findings from the portfolio metrics in the Private Sector ecosystem. 

Assist in the functioning of the Credit Risk Committee (CRC) Secretariat by:

• Preparing meeting minutes and decision notes related to the CRC.
• Coordinating the process flow between sector departments, regions and other committees.
• Participate to ad hoc assignments related to non-sovereign credit risk issues and technical working groups.

Requirements

• Hold at least a Master's Degree or its equivalent in Risk Management, International Banking or Economics.
• Have a minimum of five (5) years of relevant experience related to commercial credit risk assessment and portfolio management with familiarity of project finance, corporate lending, lending to financial institutions and private equity funds.
• Knowledge of capital adequacy standards is required, as well as strong quantitative and analytical skills.
• Good knowledge of credit risk management techniques and sophisticated risk mitigation products.
• High level professional knowledge of qualitative and quantitative credit portfolio management techniques and structured credit instruments, risk derivatives and collateral management.
• Hands-on experience in credit portfolio management and reporting.
• Having private sector experience will be an added advantage.
• Hands-on experience of credit risk assessment, deal negotiation and structuring in emerging and underdeveloped markets will be an advantage.
• Ability to assess financial statements and complex financial models and evaluate complex financial structures.
• Quantitative modelling skills to assess the balance sheet impact of transactions.
• Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
• Competence in the use of standard Microsoft Office Suite applications; knowledge of SAP is an added advantage.

Application Closing Date
23rd June, 2024.