African Development Bank (AfDB) Current Employment Openings

African Development Bank (AfDB) – In September 1964, a group of Africans met in Khartoum, Sudan, to ratify the multinational agreement to set up the African Development Bank. They were representing the continent’s newly formed twenty-five governments. They had the same mission and bore the same hope. Their hope was to see the new institution contribute to the continent’s development and unity.

By this act, Africa was taking its destiny into its own hands in the early 1960s. From the very early stages, and often with reference to major market networks of pre-colonial Africa, its leaders had designed the institution so that it would be one hundred percent African. Africa wanted to be in charge of its own destiny and wanted to be distant from the ideological and linguistic divides of the time. Thus, the African Development Bank (AfDB) was created.

Below is the current job vacancy at AfDB:

Job Title: CHIEF TREASURY OFFICER – FTRY

Grade: PL3
Location: Nigeria
Reference: 50053475

Objectives
The role of the Capital Markets and Financial Operations Division (FTRY.1) is to: (1) Raise cost effective resources from the capital markets; (2) Contribute to the Capital Increases process and administer the subscriptions of shareholders to the capital of the African Development Bank; and (3) Contribute to the ADF replenishment negotiations and administer the subscriptions of donors to the African Development Fund and Multilateral Debt Relief Initiative.

Duties and Responsibilities
Under the general supervision of the Division Manager, FTRY.1, the incumbent will carry out the following functions, namely:

Implementation of the borrowing program and management of liabilities:
Monitor bond markets
Advise on regulatory developments in capital markets
Manage relationships with banks and maintain constant flow of discussions on bond markets developments and a proactiveand comprehensive coverage across markets and instruments
Participate and/or design issuance strategy in various markets
Draft the annual borrowing program of the Bank. 
Draft, negotiate and finalize the technical documents required to launch new bond issues
Source, analyze, price, negotiate and execute borrowing, derivatives, buyback trades and other liability management transactions
Update the Bank’s borrowing documentation including the Global Debt Issuance Facility and General Information Statement
Participate in the investors& relations program to deepen and widen the Bank’s investor base, updating them on the Bank’s credit story. Manage relationships with investors.

Administer resources and subscriptions of the ADB, ADF and Multilateral Debt Relief Initiative (MDRI) :
Responsible for the administrative management of subscriptions of the African Development Fund, the African Development Bank and the Multilateral Debt Relief Initiative
Advise Management and participate in discussions on capital increases and ADF replenishments; prepare relevant technical papers
Prepare, review and control documents related to the implementation of the ADB, ADF resolutions and MDRI
Manage relationships with member countries and donors Administrative management of subscriptions, contributions, payments and encasements
Prepare financial notes, briefs and status reports

Requirements
Including desirable skills, knowledge and experience
At least a Master’s degree in Finance, Economics, Statistics or related quantitative discipline
Preferably a minimum of seven (7)years of professional experience in international Capital Markets, fixed income markets
Ability to produce well-structured business documents and reports in English and/or French
Excellent communication and presentation skills required in French and/or English, working knowledge of the other language preferred. English language skills should allow candidate to effectively interact with international investors
Excellent knowledge and understanding of financial instruments, particularly bonds, derivatives, structured products, and risk management concepts
Strong knowledge of the regulatory environment of capital markets
Ability to work effectively with individuals of different views, culture, nationality, gender and age
Strong ability to cope with multiple demands and competing priorities under pressure
Very good presentation skills
Ability to bring together people with complementary skills to ensure a project’s success
Command of standard computer software applications such as Word, Excel, PowerPoint
Knowledge of Bloomberg, Summit/Numerix would be an advantage.

Application Deadline: 4^th of November, 2014.

Click here to Apply