Career Opportunities at The African Development Bank

The Position:

The position of Director FFMA which reports to the Vice President FNVP, is key to ensuring the overall effectiveness of the financial management of the Bank Group, in particular through the Bank’s Income Model, Asset and Liability Management (ALM) policies and the monitoring and reporting thereof.

Duties and Responsibilities

• The Director shall lead a team of high calibre professionals responsible for the formulation of financials, financial risk and ALM policies of the Bank Group and for monitoring the proper functioning and application of such policies and related practices and business processes.
• Under the general supervision of the Vice President, the duties and responsibilities include the following:
• Formulate and review all policies pertaining to the management of the assets and liabilities and related credit, liquidity, market and operational risks of the Bank Group.
• Provide regular and timely feedback and advice to Senior Management and the Boards of Directors regarding the functioning of these policies;
• Participate in the formulation and recommendation of appropriate instruments and strategies, and related guidelines for approval by the Board;
• Liaise with counterparts at other institutions, particularly MDB’s, to exchange ideas on financial policies, asset management approaches and risk management methodologies, or to explain policies to the financial community as well as the rating agencies;
• Analyze the impact of policy changes on the financial position of the Bank.
  Supervise the implementation of asset and liability management activities to optimize asset allocation, ensure proper application of guidelines, reduce costs of borrowing, and control risk;
• Coordinate all interactions with relevant international rating agencies;
• Advise and participate in the shareholder capital increases of the Bank and member replenishments of the Fund;
• Develop work programs of the Department and related budgets;
• Supervise the work of the Division Managers and evaluate their performance;
• Provide strategic leadership and vision on the risk management culture of the Bank Group;
• Develop capacity building programs for investment officers and African Central Banks.

Qualifications for the Financial Management Director

• Including desirable skills, knowledge and experience
• Hold at least a Master’s degree in Finance, Business Administration, Economics or related fields.
• Have a minimum of ten (10) years of relevant professional experience with heavy emphasis in the areas of ALM and Financial Risk Management, including 5 years at a managerial level.
• Should be able to use financial knowledge to ensure optimal utilization of financial resources;
• Strong communication skills in English or French; ability to communicate in both languages a plus;
• Proven excellence in presenting and effectively communicating complex financial and risk management concepts or models to a non-technical audience;
• Competence in the use of standard software used in the Bank such as Word, Excel, Access and Power Point, knowledge of SAP highly desirable.

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The Position:

The Director CLSD reports to the Vice President HRCS, and is key to the attainment of the Bank’s transformative agenda for Africa by ensuring the Bank’s languages services facilitate the communication among staff; and between staff, partners and stakeholders. He/she will ensure that there is a sound translation and interpretation strategy and effective and quality process regarding the translation of Bank’s documents into the Bank’s official languages and any other language. He/she should also ensure that the Bank’s meetings and conferences are duly interpreted. To that end, the Director has the overall responsibility to plan, organize, direct and control the activities of the Department.

Key Functions of the Director:

• The Director plans, organizes, directs and controls the activities of the department whose functions are to provide translation, interpretation, and editing services, and promote multilingualism to enhance communication among staff and with the Bank’s clients and partners. Amongst others, he/she will perform the following duties:
• Manage a department that provides translation and interpretation services to the Bank;
• Set objectives, formulate policies, establish priorities, define and monitor the key performance indicators of the department;
• Plan, organize and coordinate all operational language activities in CLSD;
  Ensure that the department produces a high-quality output within available resources, by making the best use of its human, financial and technological assets, and by monitoring and enforcing efficiency targets;
• Ensure effective communication between the Management and staff of the Bank, the authorities of member countries, officials from other organizations;
• Promote and encourage, through training and sensitization, staff efforts to use both official languages of the Bank, so as to strike a reasonable balance in the production of documents in French and English;
• Supervise budget preparation and follow its execution, and advise senior management on the budgetary and financial impacts of the department’s operations;
• Monitor best practice in the industry and, as appropriate, liaise with counterparts in other organizations;
• Promote the sharing of best practice across the translation, editorial and interpretation areas;
• Represent CLSD as needed in bank-wide working groups;
• Determine the appropriate organizational structure of the department, assigning staff and material resources based on priorities and workload, coordinating and evaluating the work of staff and providing guidance on work problems;
• Assess the training needs of staff in the Department, monitor and evaluate their performance, and recommend personnel actions to the Vice President;
• Perform language services when appropriate and necessary.

Qualifications for the Director Job:

• Including desirable skills, knowledge and experience
• Hold at least a Master’s degree or its equivalent in translation or interpretation or related disciplines;
• Have a minimum of ten (10) years of extensive and progressive experience in a similar organization, five (5) years of which must be at a managerial level;
• Demonstrated ability to take prudent business risks and make effective, timely and well-determined decisions;
• Proven ability to build and lead motivated and committed teams across functional boundaries, and utilize talent and expertise of team members in a productive way;
• Strong managerial, interpersonal and communication skills; strong negotiating skills; ability to think strategically;
• Ability to work under pressure, prioritize work programs, and handle multiple tasks simultaneously;
• Ability to gain the confidence of senior management in delivering an efficient and effective service within agreed time and cost constraints;
• Ability to work effectively with other technical and management professionals of diverse occupational and cultural backgrounds in a cooperative team environment;
• Demonstrated ability to present and win support for ideas; a good listener; high level of integrity, discretion and confidentiality;
• Competence in the use of Microsoft Suite of applications such as Word, Excel, Access, and PowerPoint;
• Excellent written and verbal communications in English and French.