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: Chief Capital Markets Officer, PIFD2
Location: Abidjan, Cote d’Ivoire
Position N°: 50093724
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:
- Strengthen the enabling business environment, including private and financial sector development, for inclusive growth and sustainable development,
- Support the development of reliable and sustainable infrastructure, including cities and urban development, and
- 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
- The primary role of the Financial Sector Development (FSD) Department is to help the Regional Member Countries (RMCs) increase the reach, depth, and breadth of their financial systems, while safeguarding financial stability. The Department has four long-term objectives: (i) development of a vibrant private sector through an inclusive access by households and enterprises to financial services; (ii) strengthening markets participants; (iii) developing efficient capital markets, and (iv) deepening regional financial integration.
- Paired with other Industrialization, infrastructure and Private Sector complex departments, the FSD Department is responsible for implementing the Bank Group’s Financial Sector Development Policy and Strategy 2014-2019 (FSDPS) towards vibrant, innovative, robust and competitive financial systems, both national and regional, and in both the public and private sector levels of RMCs. FSD plays a transversal role across the Bank’s five strategic priorities, applying its financial deepening and access tool kit to the High Five (H5) agenda.
- Fundamentally, the scalability and policy momentum inherent in the H5 agenda create an important opportunity for expanded relevance of the FSD core skill-set: flexible financing instruments and delivery frameworks for financial inclusion, smart resource mobilization and capital markets development. FSD leverages partnerships to bring about greater developmental impact in financial sector development.
- The Capital Markets Division’s mandate within the Financial Sector Development Department is to lead and support projects and programs aimed at creating more efficient capital markets and institutions capable of mobilizing domestic savings and allocating scarce capital in the Bank’s regional member countries (RMCs). The Capital Markets Division works to ensure that the capital markets of RMCs are deepened, strengthened and developed to enable them to provide the capital necessary to achieve the high fives priorities of the Bank’s Ten-Year Strategy.
- The Chief Capital Markets Officer will lead and coordinate the operationalization and implementation of capital markets development policy and strategy through well identified, structured and approved projects Non-bank financial institutions and Regulatory authorities responsible for Capital Markets issues.
- The expert will support Sector Manager and other advisory experts at Headquarter with technical analysis, review of analytical work on capital markets risk mitigation, and product pricing. The incumbent will be based in HQ for a period of at least 1 year with a possibility of being decentralized to a region.
The purpose of the job is as follows:
- Lead the Bank’s interventions in Capital Markets (securitization, bonds, housing and mortgage finance) required for the broadening and deepening of target markets.
- Originate capital markets projects in line with the Bank’s broad objectives (High 5’s), private and public client needs within regional member countries and to the level of development of RMCs.
- Participate in the portfolio management private projects by ensuring proper implementation and early identification of challenges, constrains and advise on appropriate remedial actions.
- Promote the use of African Capital Markets in the mobilization of long-term funds for affordable mortgage and housing finance.
- Propose and support the development of innovative long-term instruments for the deepening of Capital markets.
Duties and Responsibilities
Under the supervision of the Division Manager, the Expert will perform the following duties:
- Lead the preliminary evaluation of both lending and non-lending projects. This involves the initial screening of project applications, carrying out of desk reviews and evaluation of feasibility studies, preparing preliminary evaluation notes for presentation to the Department Management Team and more detailed project concept notes to obtain concept clearance for full appraisal or fact-finding missions;
- Lead the planning and execution of appraisal and fact-finding missions. This includes developing terms of reference for the mission and for short-term consultants to be engaged for the mission, coordinating the work of the mission team which usually includes professional staff from other departments within the Bank, and carrying out independent research. The work also includes assessing the risks of projects and advising on appropriate structure or conducting preliminary negotiations with sponsors;
- Lead the preparation of project appraisal reports for presentation to the Department, the various review committees and finally to the Board of Directors. Develop innovative and appropriate financial structures for complex transactions;
- Ensure that all conditions precedent have been fulfilled on a timely basis and all fees are billed and collected from clients;
- Develop relationships within the Bank and with other institutions involved in financial markets development; represent the Bank at and participate in seminars, workshops and conferences dealing with financial markets issues;
- Play an active role in coaching and mentoring more junior investment officers;
- Coordinate closely with social environmental, and technical assistance colleagues in order to add value to our clients’ businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact;
- Assist in integrity due diligence for potential clients;
- Maintain knowledge of African financial markets/transaction structuring and provide market intelligence;
- Build and maintain strong relationships with clients, global and regional private businesses, banking and multilateral partners and government officials to further develop the sector and to develop specific investment opportunities
- A minimum of a Master’s degree in Business, International Development, Finance or Financial Economics or related disciplines.
- A minimum of seven (07) years of relevant post graduate professional experience with strong knowledge of socio-economic development issues and policies of African countries.
- A command of financial markets instruments and structuring with experience in Corporate Finance, Equity Investments and Housing Finance Projects.
- Strong financial and credit skill; with demonstrated ability to structure a variety of complex financial instruments (debt, quasi equity and equity).
- The ability to engage in a broad range of financial issues including a) Banking, b) Capital markets, c) Infrastructure Finance, d) Investments / equity funds, e) financial aspects of PPPs, f) Corporate finance, and g) Housing finance challenges and solutions
- Good knowledge of financial sector issues and demonstrated ability to engage in a broad range of development and policy issues regarding specifically the diversification though innovative products and solutions.
- Proven track record in capital markets development, banking, housing finance, and promotion and experience in infrastructure and corporate finance using a range of Bank products, such as loans, guarantee products and technical assistance, programs at national and regional levels
- Demonstrated knowledge of the operational policies, procedures and practices of major bilateral and multilateral development agencies.
- Innovation and creativity: The commitment to search for and produce innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients.
- Communication: Provides clear and concise oral and written communication; presents oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience.
- Problem solving: Applies business knowledge to the resolution of problems and identifies solutions to the benefit of the client (internal and external) and the organization.
- Client orientation: Ensures that the client is considered to be of primary importance in all transactions and interactions. Strives to understand, and when appropriate, anticipate client needs, and ensures that the client receives the best possible service from the Bank.
- Team working and relations: Works 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. Ability to work and cooperate with others from diverse backgrounds.
- Excellent organizational, analytical and coordination skills;
- Integrity, and ability to work under pressure and to deliver timely quality services
- Ability to work accurately, methodically and to meet deadlines;
- Ability to work independently or within a team; demonstrated mature sense of judgment;
- Operational project management: Demonstrates broad knowledge of project management tools and methodologies; identifies risks and mitigations measures; interprets background analysis and proposed solutions
- Demonstrated capacity in dealing with different type of clients (private / public) and projects (financial markets, infrastructure, and corporate finance).
- Sector representation: Demonstrates ability to coordinate, participate in, and act as a catalyst for, strategic cross-sector dialogues within the networks, across the country, among Bank colleagues and other development institutions, governments and other organizations.
- Financial economic policy: Demonstrates broad knowledge of economic policy development; demonstrates strong analytical skills and writing ability to help identify and assess policy issues in support of policy dialogue;
- Capacity to conduct independent research and analyses, identify problems, propose solutions, and make recommendations to Management.
- Capacity to prepare reports and documents. Capacity to present and defend the consistency of proposed programs and projects. Capacity to work within specified time limits.
- Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
- Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint).
Job Title: Senior Regional Security & Safety Officer, RDGE
Location: Nairobi, Kenya
Position N°: 50076302
- 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 ADB and the ADF.
- 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 (BSAB); Administrative Tribunal (BATR); Office of the Auditor General (PAGL); Group Risk Management Directorate (PGRF); 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:
- The African Development Bank’s Security Unit (PSEC) is a robust security function reporting to the President of the Bank. Deep global analytical capabilities combined with Africa wide security processes are in place in order to provide the full spectrum of security services to the Bank.
- PSEC detects, deters and reacts to a broad range of risks spanning the security spectrum; physical; political, information and reputational risks around the globe are monitored closely to address the changing security dynamic. Our security requirements include risk analysis, training, coordination with outside actors and implementation of security programs at the strategic, operational and tactical levels.
- PSEC is staffed by security risk specialists operating both at Headquarters and across Africa who can provide innovative solutions to security risks across the continent. PSEC is an action-oriented function that moves quickly and efficiently in order to address emerging security risks.
- The Senior Regional Security & Safety Officer objective is to be responsible for the provision of expertise and specialist support on all aspects of security and safety in the region based on International Standards and Bank Guidelines.
Duties and Responsibilities
The key duties and responsibilities of Senior Regional Security & Safety Officer are to:
- Contribute to security advice drafted for the Director General and all leadership personnel in assigned Country Offices
- Participate in the creation of corporate policies, strategies, standards and guidelines for Security and Safety
- Participate in the implementation of corporate policies, strategies, standards and guidelines for Security and Safety are implemented
- Monitor the effectiveness of policies, standards and processes and take necessary action when required
Operation & Networking:
- Threat Monitoring: Monitor and assess threats and ensure proactive measures are taken to mitigate potential risk to the AfDB operations
- Security Assessment and Review: Implement and manage a security risk and vulnerability assessment and review program to ensure the timely identification and management of threats including mitigation and prevention measures.
- Relationships: Maintain close liaison with Diplomatic Mission (e.g. UN, INGOs), International Organisations security officers, coordination and Networking with security officers / security focal points of all relevant actors in the region.
- Provide forward-looking advice and expertise on all security technology including access control, CCTV, Intrusion and security alarms.
- Emergency Plans: Contribute to the development and maintenance of emergency action plans to prepare for and respond to incidents including Active Shooter, civil unrest, terrorism and country evacuation.
- Regulatory compliance: Ensure that corporate operations meets and demonstrates compliance with all local security, safety and business continuity regulatory requirements.
Supply Partner Management:
- Liaise with suppliers to help ensure the timely delivery of goods and services
- Liaise with suppliers and the Bank’s procurement departments to ensure compliance with procurement practices and timely payment to suppliers.
- Contribute to the efficient use of budgets and ensure projects are delivered on time and within budget to agreed standards.
- Actively identify opportunities for cost savings through simplification or cross-party collaboration
- Holds at least a Master’s degree in Security Management or Business Administration, Political / Social Science or International Relations or in a related field, with focus on Security Management. Professional Security Certification by an internationally recognized security institution is desirable
- Have a minimum of five (05) years of progressive experience in the military, police, intelligence services coordinating security operations or in security administration within a security organization is required; and experience and exposure at the international level is required.
- Strong assessment, evaluation, analysis and strategic planning skills.
- Strong analytical and organizational skills with the ability to manage multiple complex tasks independently
- Strong knowledge in project management
- Ability to work independently with little supervision as well as part of a multicultural team
- Ability to be flexible, open-minded with integrity
- High level of experience in developing security-related technical tools guidelines and systems.
- Ability to teach basic personal safety and security landmine safety and awareness.
- Basic knowledge of contract employment, experience and skills in recruitment and selection.
- Excellent presentation and training delivery skills
- Innovation and Creativity – The commitment to search for and produce innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients.
- Communication – Provides clear and concise oral and written communication; presents oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience.
- Problem Solving – Applies business knowledge to the resolution of problems and identifies solutions to the benefit of the client (internal and external) and the organization.
- Client Orientation – Ensures that the client is of primary importance in all transactions and interactions. Strives to understand, and when appropriate, anticipate client needs, and ensures that the client receives the best possible service from the Bank.
- Team Working and Relationships – Works 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
- Operational Effectiveness – The Commitment to ensure that full use is made
- Accountable. sets achievable goals and enforces realistic standards while holding people accountable and setting the example by being held personally accountable at the same or a greater level than subordinates.
- Candor. not afraid to tell the truth especially up the chain or when it might make you unpopular. Honest in word and deed in order to build confidence and trust with subordinates.
- Courageous. fair-minded and resists the temptation to “manage upwards” in order to look out for the best interests of the working masses. Resists pressures and has the will power to stand up for subordinates when required.
- Loyal. both to subordinates and superiors. Enjoys engaging with subordinates, then promotes growth and upward movement of team members. Takes the blame when things go wrong and initiates corrective actions without blaming others for team failures. Empowers people with loyalty and transparency.
- Calm. Should be the rock under pressure. Does not panic or hide during a crisis but stands up and takes a leadership role by managing both people and processes no matter how difficult the situation.
- Judgement. Does not apply personal or country of origin specific policies in decision making but demonstrates a strong emotional intelligence that leads to a level of integrity with the best interest of the Bank and the people implicated in decisions. A good leader must have mental agility and should be forward looking in decision making, with an understanding of history in order to make sound decisions.
- Self-Confident. Has an authoritative leadership “presence” that exudes confidence and competence without the “big man” implications. Demonstrates full confidence in his or her own leadership skills and shows a never-ending enthusiasm even for tasks that may not be cool or sexy but will inspire subordinates to achieve results.
- Ability to communicate effectively (written and oral) in English or French preferably with a working knowledge of the other.
- Competence with standard MS Office packages, preferable experience of Microsoft project. Proficient in use other relevant software including Google maps. Database management is desirable.
Job Title: Director, Water Development and Sanitation Department, AHWS
Location: Abidjan, Cote d’Ivoire
Position N°: 50092408
The Vice Presidency for Agriculture, Human, and Social Development is a Sector Complex focusing on the delivery of the Bank’s Ten Year Strategy and leading on two of the High 5s priorities: “Feed Africa” and “Improve Quality of Life for the People of Africa”. The complex objectives are (i) to develop, policy and strategy; (ii) provide deep sector expertise to the Regions by gathering pool of experienced individuals who can be consulted to provide sector expertise on complex transactions; (iii) develop new financing instruments; (iv) originate, deliver and manage the portfolio of programmes and projects in Regional Member countries; (v) the Vice-President will act as the spokesperson to represent the Bank with external stakeholders on aspects of “Feed Africa” and Improve Quality of Life for the People of Africa”.
The Hiring Department:
- The Water Development and Sanitation Department is responsible for the coordination of the Bank’s water development and sanitation-related activities to enhance synergies and contribute to achievement of all High 5s (Feed Africa, Industrialize Africa, Power and Light up Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa).
- The Department leads Bank support to Africa’s economic transformation through the identification and promotion of sustainable and integrated solutions across the water value chain and for sanitation.
- The Department also supports regional hubs in the development and promotion of new knowledge, approaches and tools for green and inclusive water resources development and management, and for improved sanitation. In so doing, the Department leads the scaling-up of the Bank’s contribution to Africa’s efforts to attain water security and sanitation for sustainable socio-economic transformation.
Reporting to the Vice President for Agriculture, Human, and Social Development, the Director for the Water Development and Sanitation Department is responsible for providing leadership and supervising the personnel and work programs of three Divisions:
- Water Coordination and Partnerships (AHWS.1);
- Water Security and Sanitation, covering East and South Regions and Nigeria (AHWS.2) and;
- Water Security and Sanitation, covering West, Central and North Regions (AHWS.3). The Director for the Water Development and Sanitation Department is also responsible for the African Water Facility (AWF).
The main work objectives are to:
- Lead the development and review of the Bank’s policy and strategic work on water development and sanitation.
- Lead the identification, development, and implementation of operations in member countries, assuring their technical quality
- Strengthen Africa’s scientific research and innovation capacity in the water sector; as well as develop and disseminate knowledge and provide technical guidance and expertise to various Bank units and complexes.
- Lead the Department’s contribution to the Bank’s resource mobilization efforts for pertinent sectors and initiatives by fostering strategic partnerships with multilateral and bilateral organizations and regional organizations for leveraging funding and knowledge.
- Develop and implement innovative financing mechanisms, as well as technical and managerial approaches to promote access to water, sanitation, and hygiene across regional member countries, including through public-private partnerships and improvement of the overall governance of the water sector.
- Host, coordinate and steer the various water development and sanitation improvement initiatives in the Bank and ensure their effectiveness and efficiency for impact.
- Lead the Bank’s Water Coordination Committee.
Duties and Responsibilities
- Under the overall supervision of the Vice President for Agriculture, Human, and Social Development, the Director for Water Development and Sanitation Department manages staff of the Department and plans, organizes, supervises and directs the work to ensure efficient and effective Bank Group assistance. Specifically, the incumbent performs the following:
Directing and supervising the Department:
- Lead and administer the strategic direction of the three Divisions as well as the initiatives hosted within the Department (Rural Water and Sanitation Initiative, RWSSI, and the African Water Facility); evaluate their performance; and promote and organize teamwork among the staff to achieve the objectives of the Department.
- Determine and manage the human and financial resource requirements of the Department; participate in the selection of staff, allocate and provide management support to the staff and facilitate their full performance in technical work; determine the staff’s training and career development needs; approve their annual work programmes and performance evaluation; and resolve serious staff disputes/complaints.
- Lead and coordinate the work program of the Department, determining priorities, and allocating resources for the timely delivery of outputs; foster teamwork and communication among staff in the Department and across organizational boundaries; implement the work program of the Department; oversee the management of activities undertaken; and ensure that the key performance indicators set for the department are met.
- Oversee programmatic and administrative tasks necessary for the functioning of the Department, including preparation of budgets, reporting on the Department’s performance, evaluation of staff performance; recruit staff, taking due account of institutional values; and manage, guide, develop and train staff under his / her supervision.
- Participate in and / or chair meetings for the Departmental Management Team, the Water Coordination Committee, Donor and Partner meetings related to the initiatives and trust funds under the Water Development and Sanitation Department and other meetings related to the work of the Department.
- Foster an environment that stimulates and rewards innovation, creativity, and accountability for results, and motivate staff to contribute to delivering significant developmental impacts.
Sector Policy and Strategy Development and Monitoring:
- Provide expertise and leadership in the development and review of Bank Group’s policies, strategies, rules, regulations, norms and standards especially related to water development and management, sanitation and hygiene in support to the High 5s and in response to emerging trends and the needs of the Regional Member Countries.
- Advise on and promote the implementation of relevant sector policies and strategies within the Bank.
- Control the professional quality of reports and documents produced within the Department.
- Develop, implement, and monitor the Water Development and Sanitation Department’s business plans, KPIs, budgets and objectives.
- Identify opportunities and promote initiatives that enable the Water Development and Sanitation Department to increase its impact or to deliver innovative and differentiated services,
- Develop work programs in line with the sector strategy and the High 5 objectives and priorities,
- Develop a sound pipeline of sovereign and non-sovereign operations in the sector,
- Oversee the origination, delivery, and management of the portfolio of water supply sovereign and non-sovereign operations.
Sector Knowledge Development and Uptake, and Networking:
- Enhance knowledge management and provide technical guidance / advisory services and expertise to regional hubs and foster coherence of the Bank’s action in water development and management, and sanitation and hygiene.
- Supports the development and implementation of innovative financing mechanisms, as well as technical and managerial approaches to promote access to water and sanitation across regional member countries, including through public-private partnerships and improvement of the overall governance of the water sector. The Director will also facilitate the coordination function for water-related activities within the Bank.
- Provides advice to the Vice President and the President of the Bank on water development, sanitation and hygiene matters and defends papers originating from the Department at the Board.
- Approves and advises on the establishment and functioning of various communities of practice – the pools of experienced individuals who can be consulted to provide technical guidance/ advisory services and expertise on complex transactions and operations to regional hubs.
- Promotes and contributes to the strengthening of Africa’s scientific research and innovation capacity in the water sector.
- Develops and maintains cooperation and co-financing relations with other development agencies and organizations; Leads important and sensitive missions to the member countries and partner organizations and agencies; Represents the Bank Group in major international conferences and meetings especially on water development and management, and sanitation and hygiene. .
- Provides advice and technical expertise to support the Vice President’s role as the Bank’s spokesperson to external audiences.
- Supports the execution of the Feed Africa Strategy to enhance the contribution of the water sector in food and nutritional security, Jobs for Youth in Africa strategy to enhance the contribution of the water sector to job creation for youth, and health and human development-related strategies
- Represents the Bank on Boards, Committees and Panels of key global and regional water development and sanitation sector initiatives such as the World Water Council and the World Water Forum.
- Serves as Acting Vice President for the Agriculture, Human, and Social Development Complex when required.
- Performs other duties as assigned by the Vice President.
- Hold at least a Masters’ degree in Water Resources Engineering, Sanitary Engineering; Economics, Social Sciences, or closely related disciplines.
- Have a minimum of ten (10) years of extensive and progressive experience in internationally recognized financial or development institutions similar to the Bank; five (5) years of professional experience should be at a managerial level.
- Experience in water or sanitation sector development and policy support in Africa is a plus.
- Familiarity with the work of other multilateral and bilateral development finance institutions and the private sector is a plus.
- Having private sector experience will be an added advantage.
- Recognized as a thought leader externally for water development and management, and sanitation and hygiene.
- Knowledge of operational policies, rules, procedures and practices of the Bank or comparable institution.
- Knowledge of integrated water resources development; research and policy, particularly related to water, inequality, public health, social development, or related field.
- Ability to analyse and evaluate critical matters pertaining to a broad spectrum of socioeconomic issues and provide policy advice.
- Experience in planning, organizing, directing, and coordinating the activities of similar departments and supervising managers and department staff, organising teams, and providing managerial support.
- Experience in delivering high-quality operational products and services (sectoral analyses, research advice, sectoral studies and evaluations) in support of the Bank’s work.
- Communicate and write effectively in French or English, with a good working knowledge of the other language.
- Competence in the use of standard Microsoft Office Suite applications.
Deadline: 9th April, 2021.
Important Information & Notice
- This position is classified international an international recruitment and attracts international terms and conditions of employment.
- This position is classified as international recruitment and attracts international terms and conditions of employment.
- Should you encounter technical difficulties in submitting your application, please send an email with a precise description of the issue and / or a screenshot showing the problem to HR Direct via: HRDirect@AFDB.ORG
- 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.