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: Division Manager, Strategy and Transaction Support - PINS1
Reference: ADB/18/157
Location: Côte d’Ivoire
Grade: PL2
Position N°: 50092436
The Complex
- The Vice Presidency for Private Sector, Infrastructure and Industrialization is central to the Bank’s mission of developing the private sector, improving infrastructure and accelerating industrialization.
- The complex main functions are to (i) strengthen the enabling environment for private sector [and financial sector] development conducive to inclusive growth and sustainable development, (ii) support the development of reliable and sustainable infrastructure, including cities and urban development, and (iii) place renewed emphasis on industrial and trade performance in support of structural transformation across Africa.
- The Complex leverages knowledge, co-financing, and partnerships to attract private capital and work with governments on delivering the Bank’s development agenda.
The Hiring Department
- For effective, coherent and harmonized Private Sector Operations performed by the 5 sectoral departments of the Bank (Energy, Infrastructure, Industry and Trade, Agriculture and Social Services, Financial services) a Central Support Department for NSOs-related activities (PINS) was recently put in place.
- The primary role of PINS is to: (i) assist Sector Departments to efficiently design and monitor NSOs, in a coherent manner, in line with the best market practices and in consistency with the Bank’s related Strategies, Policies and Guidelines, including the Bank’s Private Sector Development Strategy and Policy, (ii) manage the corporate portfolio and provided shared services to other NSO departments
The Position
- The Division Manager is responsible for the Strategy and Transaction support Division, providing support to NSO Departments and internal stakeholders parties in charge of origination of transactions in various industries in the Bank.
- The incumbent leads and oversees the work performed by the staff of the Division.
- The jobholder’s responsibilities cover matters related to transaction origination guidance, structuring and modelling support as well as Global client management, strategies & policies and technical assistance.
- The Division Manager advises Management and participates in technical discussions related to private sector development issues.
Duties and Responsibilities
Under the supervision of the Director, the Division Manager will perform the following duties:
Transaction Structuring and Modelling:
- Lead and coordinate the support to origination teams in evaluating the best economic and financial options and selecting the most appropriate model to optimize use available financial instruments and legal structures in NS transactions.
- Advice origination teams on best structuring approaches to adopt in order to optimize use of available financial instruments and legal structures in Non Sovereign (NS) transactions,
- Lead the development of norms and standards related to investment analysis, project modeling, structuring of Bank private sector lending;
- Manage, coordinate and provide guidance to the Equity Cluster team
- Lead the work to ensure that lessons learned, from project investment, financial and economic Modelling and structuring are shared with various NSO departments and external stakeholders.
- Plays a key role in the development of strategic options for positioning the Bank Group as a modelling Bank;
Technical Assistance Activities:
- Lead the development of Technical Assistance vision and agenda in the Bank and conceptualize technical assistance operations in the Bank
- Lead the design and origination of technical assistance operations to support PSD in Transition States;
- Lead the support to be provided in preparation and monitoring technical assistance transactions within the Bank;
- Supervise the Update, Operation and Management of the Technical Assistance Platform;
- Manage the development of training curriculum and capacity building of Bank’s wide staff in the area of TA.
Global Client Management:
- Lead the formulation of a long-term Global client Management framework and execution of a Client Relationship Management process required for Private Sector Development within the Bank.
- Manage the conceptualization and design of a system which will support the private sector business origination activities of the regional directorates and the Bank’s Business development Department
- Act as a focal point for communication with other DFI on global client management practices and guide on the identification and design of private sector business development events by the Bank
- Develop and implement outreach strategies for private sector including a business intelligence platform
- Manage the development of tools and instruments required to manage global client funding and non-funding requests.
Policies and Strategies:
- Manage the Division’s participation and inputs in the various Policies and Strategies of the Bank related to Private Sector Development
- Play a key role in the conceptualization and regular review of NSO policy and guidelines for the roll-out of NSO transactions in the Bank
- Provide key analytical inputs in the design and review of NSO’s lending instruments and their regular reviews and updates
- Coordinate the Division’s active participation in Country Strategy Paper missions and provide key inputs related to Private Sector Development challenges and opportunities in Bank’s Regional Member Countries.
Others:
- Staffing: Seek the attention of the Director and other institutional leaders to beef up staffing via recruitment, selection, training, and the development of additional staff.
- Leads on the organization of regular internal and external outreach events for the benefit of staff and
- other stakeholders to explain the activities of the Department/Division as required
- Provide advice to the Director on issues relating to private sector development, initiatives to be undertaken and enhancement deemed necessary.
- Lead on ad hoc assignments related to General Capital Increase, ADF Mid-term Review, Annual Meetings, MDBs technical working groups, AIF, NSOs in Transition Countries,
- Represent the Bank on private sector issues at technical, policy and strategic levels.
- Coordinate the private sector development activities with private sector managers in NSO Departments and Regions.
- Mentors and coaches the division’s staff, as required.
Selection Criteria
Including desirable skills, knowledge and experience:
- Hold at least a Master's Degree or its equivalent in Business, Finance or Economics.
- Have a minimum of eight (8) years of relevant experience in project investment and transaction out of which some should be at a managerial level and in-depth experience in policies & strategies.
- Extensive and in-depth experience in the fields of corporate project finance, structured finance, equities, global risk management/mitigation, transaction advisory services
- In-depth awareness of the latest trends and developments in financing for development to make effective business decisions; including a solid appreciation of the various clients' needs and drivers to advance colleagues' thinking around business issues
- Demonstrated leadership in creative financial instruments and a track record of supporting various financing structures utilizing various financial instruments
- Wide network of contacts among relevant investors and be able to identify potential investors that fit various asset and risk management products,
- Have managed during the past three years multi-disciplinary teams of minimum of 10 staffs;
- Strong experience with Credit enhancement instruments and good knowledge of tailored products for sector based investments;
- Ability to apply information from both inside and outside the Bank Group and to work with a wide range of clients, including (i) internal ones (senior management and line managers in both PIVP and other Complexes,
- Operations staff both at HQ and in the Bank’s representative missions, Executive Directors and their advisors); and (ii) external partners (governments, other MDBs, international organizations)
- Comprehensive state-of-the-art understanding of investment techniques and familiarity with relevant strategies, policies, procedures and practices of development finance institutions; Knowledge of MDB’s private sector business will be an added advantage.
- Leading organizational change through stakeholder management and communication plans and training development and delivery on NSO portfolio management
- Establishes and maintains effective working relationships with internal and external customers, partners and stakeholders and maintaining very strong and successful partnerships
- Ability to develop initiatives, continuously expand understanding of relevant business practices and systems/technology and share knowledge and NSO departments
- Demonstrated leadership skills, strong team work and communications skills in a highly diverse environment.
- Proven ability to effectively plan, direct, organize and administer diverse activities to ensure effective delivery of work program with excellent people management and problem solving skills
- Ability to plan and manage staff to achieve high quality results and encourage innovation in an open team-based environment, inspiring trust and influencing and resolving differences across organizational boundaries.
- Ability to communicate effectively (written and oral) in English or French, with a working knowledge of the other.
- Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint).
Application Closing Date
13th September, 2018.
Method of Application
Interested and qualified candidates should:
Click here to apply online