Business and Finance

Recent Job at the African Development Bank Group (AfDB), 9th July

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: Treasury Officer

Reference: ADB/19/131
Location: Abidjan, Côte D’Ivoire
Position N°: 50000914
Grade: PL7

The Complex

  • The Vice Presidency for Finance (FIVP) oversees the financial management of the Bank Group.
  • This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.

The Hiring Department/Division

  • The Treasury department is responsible for raising funds from capital markets, managing and investing the Bank Group’s liquidity and shareholders’ funds, processing and settlement of all financial transactions and managing the institution’s banking relationships.
  • Under the supervision of the Division Manager Treasury Operations Division (FITR.2) and the Head of Client Services & SWIFT (CSS) section, the Treasury Officer handles the settlement of administrative expenses, salaries, payment cards administration and develops post settlement activities by ensuring the timely and accurate resolution of investigations related to the transaction payments. The incumbent also handles OFAC/KYC/AML queries

The Position
The objective of the job is to serve as SWIFT expert, SAP master data and Prepaid card management:

  • Manage the Bank’s payment systems (SWIFT and others).
  • Review, Verify and Monitor the Bank vendor’s payment instructions entered in SAP database
  • Administer Prepaid Cards and related payments
  • Manage investigations and OFAC/KYC/AML queries

Duties and Responsibilities
Under the supervision of the Division Manager of Treasury Operations, the responsibilities of the Treasury Officer includes, but are not limited to the following:

  • Manage the Bank’s payment systems (SWIFT and others).
  • Ensure that the Bank payment systems comply with International Payment Standards.
  • Conduct necessary tests to ensure database integrity during the migration of the Bank payment’s systems.
  • Maintain the SWIFT BIC code database and manage SWIFT Relationship Management Agreement (RMA)
  • Review, Verify and Monitor the Bank vendor’s payment instructions entered in SAP database
  • Ensure vendors (staff and suppliers) payments instructions are correctly defined in SAP and that amendments and additions are timely reflected.
  • Receive and verify in SAP, staff and suppliers payment details input by staff and received from accounting, human resources, procurement and administrative assistants in Country Offices.
  • Monitor and verify that account details and banks information comply with international standards and update vendor master records in SAP.
  • Update the banks master records in SAP.
  • Administer Prepaid Cards and related payments
  • Ensure that the prepaid cards are generated for all payments on the SAP [ERP] payment lists.
  • Monitor a Web-based system to provide real time transaction report of all prepaid  card expenses.
  • Provide timely customer services in delivering cards to users
  • Verify the cards printed and delivered to end users to ensure conformity with SAP payment list before release to beneficiaries.
  • Liaise with the Cash Management unit to ensure funds availability to replenish the card bank accounts.
  • Investigate rejected payments and follow up with accounting, payroll & pension or other departments of the Bank that has requested the cards for regularization.
  • Instruct and monitor the cancellation of general ledger account posting for cancelled payments.
  • Conduct ongoing review of exceptions of card payments and propose solutions for improvements in efficiency and controls.
  • Monitor fraud and alert management system to activate, suspend, and cancel a card
  • Ensure that for each end user cards the file contains exhaustive data as regards to OFAC/KYC/AML policy.
  • Manage payment investigations especially OFAC/KYC/AML queries
  • Check in GTMATCH and SWIFT the OFAC/KYC/AML request received from the correspondent
  • Liaise with the concerned departments (Accounting or Human resources) to resolve the investigations.
  • Upon receive the requested information, prepare the response in GTMATCH and send it via SWIFT to the correspondent
  • Follow up until the payment is released by the correspondent

Other assignments:

  • Participate in working groups as designated by the Treasury management,
  • Participate in capacity building missions with regional financial institutions for issues relating to payment administration.
  • Safekeeping of Bank’s cash and valuables.
  • Provide input to the financial control Department for the ongoing bank account reconciliation of outstanding items related to cards
  • Work with the prepaid cards service provider and the IT team for quick resolutions of any issues.
  • Prepare the monthly report for the management

Selection Criteria

  • Minimum of a Master’s Degree or equivalent qualification in Business Administration, Finance, Banking, Accounting, Economics or similar fields
  • 5 years’ relevant practical working experience in payments, investigations and SWIFT messaging
  • Good understanding of payment processing especially SWIFT messages
  • A strong knowledge of capital market operations and instruments
  • Demonstrable understanding and application of accounting principles
  • Strong Numerical and Analytical skills.
  • Marketing and presentation skills are needed to communicate with stakeholders
  • Client orientation: Ability to ensure that the client is considered to be of primary importance in all transactions and interactions. Strive to understand, and when appropriate, anticipate client needs, and ensure that the client receives the best possible service from the Bank.
  • Team work and relationship: Ability to work with others to maximize the effectiveness of the team as a whole, sharing the knowledge and workload. Develops strong working relationships with colleagues and contributes to creation of a positive team environment
  • Problem solving: Ability to apply business knowledge to the resolution of problems and identify solutions to the benefit of the client (internal and external) and the organization.
  • Strong ability to work under pressure
  • Demonstrated knowledge and use of a treasury system ( preferably SUMMIT), Bloomberg plus  common IT skills
  • Good written and verbal communication in English or French and preferably, a working knowledge of the other language.
  • Competence in the use of Bank standard software (Word, Excel, Access PowerPoint and SWIFT).  Knowledge of SAP or other integrated Enterprise Resource Planning (ERP) system preferably in TR-Treasury customization. SWIFT proficient and GTMATCH reconciliation and/or any other bank reconciliation module.

Deadline: 8th August, 2019.

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

Job Title: 
Division Manager, Finance

Reference: ADB/19/137
Location: Abidjan, Cote D’ivoire
Grade: PL2
Position N°: 50000650

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 (PRST0); Independent Development Evaluation Department (BDEV); Integrity and Anti-Corruption Department (PIAC); Compliance Review and Mediation Unit (BCRM); Secretariat to the Sanctions Appeals Board; Administrative Tribunal (BATR); Office of the Auditor General (PAGL); Group Risk Management Directorate; General Counsel and Legal Services Department (PGCL); Communication and External Relations Department (PCER); Staff Integrity and Ethics Office (PETH) and Office of the Secretary General & General Secretariat (PSEG).

The Hiring Department/Division

  • The role of the General Counsel and Legal Services Department (PGCL) is to provide legal support, legal advice and services to the Boards of the Bank Group, to the President, Vice Presidents, as well as the operational, financial and administrative Departments of the Bank
  • The role of the PGCL is also to protect the interest of the Bank from legal liability and, as necessary, to provide legal defence in cases filed against or brought by the Bank.
  • The Finance Division’s main activities are to provide legal and advisory services in the mobilization, investment and management of the financial resources of the Bank.

The Position
The position of Division Manager – Finance Division is established to achieve the following:

  • Lead all legal aspects of financial transactions/institutional issues and ensure the supervision and mentoring of staff under its supervision;
  • Ensure the correct interpretation of, and compliance with the various policies, guidelines and regulations applicable to financial transactions/instruments of the Bank,
  • Carry out the day to day administrative management of the Division;
  • Interact with all institutional entities of the Bank including senior management, management and Board of Directors as the case may be; and
  • Attend meetings of the Boards of Directors (formal and committees) and ensure that all legal issues related to financial transactions are adressed.

Duties and Responsibilities
Under the supervision and guidance of the General Counsel and Director-PGCL, the Division Manager PGCL 3 will:

  • Provide the technical leadership to Counsel delivering legal support for the mobilization, investment and management of the financial resources of the Bank Group.
  • Review and oversee legal documentation for the Bank’s derivatives and other risk management transactions, negotiating relevant master agreements and drafting and reviewing individual transaction documents.
  • Supervise the legal aspects of cash management, bank account agreements, anti-money laundering (know your customer) initiatives, and contracts for the custody or investment of the Bank’s financial resources.
  • Take the lead in reviewing legal documents concerning membership and subscription to the Bank’s capital, contributions to, and replenishments of, the African Development Fund and the creation of trust funds and special funds.
  • Interpret the Bank Agreement, the General Authority on Asset and Liability Management, financial regulations, policies and rules and participating in the work of the Bank’s Asset and
  • Issue legal opinions on regulatory institutional and financial issues arising from the interpretation and application of the Charter of the Bank; drafting legal documents relating to accession and participation in the Bank and the Fund; interpret and apply the Financial Regulations of the Bank.
  • Supervise the preparation of all necessary documentation for the Bank’s borrowings in the international capital and money markets.
  • Assign work in the Division among Counsel.
  • Coordinate the work products of each Counsel with other complexes of the Bank.
  • Review and supervise Counsel supporting and advising the Bank’s Treasury in the negotiation and drafting of documentation to effect Bank borrowings in the international capital and money markets, and drafting or reviewing all legal documents required for the implementation of the Bank‘s borrowing strategy and capital markets transactions.
  • Review, update and recommend for approval standard documentation, in accordance with market and industry practice, for use in derivative transactions.
  • Advise on contracts for the investment of liquid assets of the Bank and the African Development Fund.
  • Review, revise and recommend for approval global clearing, custody, execution and repurchase agreements to facilitate the Bank’s investment and risk management transactions.
  • Propose and design appropriate amendments to the Bank Agreement and other pertinent legal instruments, such as the Financial Regulations.
  • Support and advise the Bank Group Chief Risk Officer and the Asset-Liability Management Committee on the legal aspects of balance sheet optimization activities.
  • Provide legal advice on matters relating to investments and financial transactions of the Staff Retirement Plan.
  • Participate in meetings of the Asset-Liability Management Committee.
  • In consultation with the General Counsel, conceive and prepare the budget of the division and control the general administrative, strategic policy direction of the Division.
  • Handle certain legal issues of a complex and confidential nature in accordance with the instructions from the General Counsel and other Senior Management Staff of the Bank.
  • Carry out such other duties as may be assigned by the General Counsel.

Selection Criteria

  • Hold at least a Master’s Degree or its equivalent in Law, and admission to the Bar of one of the African Development Bank member countries; or a Juris Doctor (JD) and admission to the Bar of one of the African Development Bank member countries.
  • In-depth knowledge of Bank policies and procedures
  • Effective consulting and advisory skills that enable clients and help resolve their legal questions.
  • Ability to drive and manage change in line with in line with the Bank’s requirements.
  • Ability to be flexible, open minded and display a high level of integrity.
  • High level skills in communication and negotiation as well as the ability to build partnerships with a broad range of clients and deliver results that meet the needs of the Legal Service Department’s work program.
  • Having private sector experience will be an added advantage.
  • Leadership
  • A minimum of eight (8) years of relevant experience in similar jobs, preferably with a reputable international law firm, a legal department of a private or public entity, or an international financial institution with proven technical competence and experiences in international finance and banking practice.
  • Solid experience in applying legal knowledge to deliver full scope of strategic legal services in line with the Bank’s requirements.
  • Extensive experience of finance with the setting up of complex legal structures to set up investments with multi-stakeholders.
  • Communication
  • Problem solving
  • Client orientation
  • Team building and relations
  • Stakeholder management
  • Ability to manage multiple, simultaneous and shifting demands, priorities and tight deadlines
  • High level skills in communication and negotiation as well as the ability to build partnerships with a broad range of clients and deliver results that meet the needs of the General Counsel and Legal service Department’s work program.
  • Ability to work and deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues.
  • Ability to communicate effectively (written and oral) in English and/or French, preferably with a working knowledge of the other.

Deadline: 8th August, 2019.

How to Apply

Interested and qualified candidates should:
Click here to apply online


  • To apply for this position, you need to be national of one of AfDB member countries.
  • Applicants who fully meet the Bank’s requirements and are considered for interview will be contacted. Only online applications submitted with a comprehensive Curriculum Vitae (CV) and copies of the required degrees will be considered. The President, AfDB, reserves the right to appoint a candidate at a lower level
  • The African Development Bank is an equal opportunities employer. Female candidates are strongly encouraged to apply.
  • The African Development Bank Group (AfDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the Bank does not request information on applicants’ bank accounts
  • The African Development Bank Group declines all responsibility for the fraudulent publications of job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.

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