Apply: Recruitment Of Director Of Financial Management At The African Development Bank

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Company Brief

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 financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth.

Job Description

The company is hiring experienced and educated individuals for the position


  1. Provide strategic leadership and vision on the financial risk and Asset and Liability Management (ALM), including treasury related risk, of the Bank Group.
  2. Formulate and review all policies and guidelines pertaining to the management of treasury risks including interest rate, currency, counterparty credit, liquidity and ALM risks of the Bank Group.
  3. Provide regular and timely feedback, reporting and advice to Senior Management and the Boards of Directors regarding the functioning of these policies and guidelines;
  4. Participate in the formulation and recommendation of appropriate instruments and risk management strategies, and related guidelines for approval by the Board;
  5. Responsible for the review and monitoring of the capital and liquidity adequacy assessment framework of the Bank;
  6. Undertake periodic financial and financial risk management reporting to Senior Management and the Bank’s Board of Directors through key reports such as the Medium-Term Financial Outlook, Net Income Allocation, Financial Projections
  7. Liaise with counterparts at other institutions, particularly MDB’s, to exchange ideas on financial and financial risk management policies, asset and liability management approaches and methodologies, or to explain policies to the financial community as well as to rating agencies;
  8. Analyze the impact of policy changes on the financial position of the Bank or of the African Development Fund.
  9. Coordinate in liaison with the Bank’s Chief Risk Officer, all interactions with international rating agencies;
  10. Provide analytical and strategic support for discussions with member countries on proposed capital increases and on replenishments of the African Development Fund;
  11. Develop work programs of the Department and related budgets;
  12. Supervise the work of the Division Managers and evaluate their performance.


  1. Hold at least a Master’s degree in Finance, Business Administration, Economics, Computational Methods Actuarial Science or other related fields.
  2. Have a minimum of ten (10) years of relevant professional experience with heavy emphasis in the areas of ALM, Financial Risk and Treasury Risk Management or in the Financial Services Sector, including 5 years at a managerial level.
  3. Certification in professional qualifications such as CFA or FRM is desirable
  4. Sound knowledge of financial risk management and Asset and Liability Management concepts and principles, managerial, organizational, strategy, financial modeling and systems, and other issues
  5. Ability to use financial knowledge to ensure optimal utilization of financial resources
  6. Ability to be flexible, open-minded with integrity
  7. Ability to present and effectively communicate complex financial and risk management concepts or models to a non-technical audience
  8. Should be able to use financial knowledge to ensure optimal utilization of financial resources;
  9. Ability to work independently with little supervision as well as part of a multicultural team
  10. Ability to direct and chair management meetings and strategic committees, task forces and working groups of the Bank
  11. Ability to lead multicultural teams
  12. Strong communication skills in English or French; ability to communicate in both languages a plus;
  13. Proven excellence in presenting and effectively communicating complex financial and risk management concepts or models to a non-technical audience;
  14. Experience of working in a recognized MDB or similar IFI in the fields of ALM, Financial Risk or Treasury Risk management;
  15. Knowledge of SAP S4 Hana and of financial risk and Asset and Liability Management software and tools highly desirable
  16. Competence in the use of standard software used in the Bank such as Word, Excel, Access and PowerPoint.

Application Deadline

Interested candidate must submit their application letter and Cv by 20th May 2020

How To Apply

To apply for this position send your CV and application letter to the official website. Visit here to apply