Vacancy for a Director, Syndication and Financial Technical Service at African Development Bank
Employment Nigeria
17-Mar-2017
AFRICA ,
Banking and Finance
African Development Bank (AfDB) - The premier pan-African development institution, promoting economic growth and social progress across the continent.
POSITION : Director, Syndication and Financial Technical Service
The Hiring Department:
- The role of the Syndications and Financial Technical Services Department is to mobilize and increase in Africa and outside Africa resources for the financing of investment projects and programmes; and promote investment in Africa of public and private capital in projects or programmes designed to contribute to the economic development or social progress of regional member countries.
Responsibilities
The Position:
- The position of Director of the Syndications and Financial Technical Services Department which reports to the Vice President for Finance, is responsible for providing centralised syndications, co-financing and financial technical services (client services) to the entire Bank Group cutting across both public and private sectors lending activities.
Key Functions:
- Under the general supervision of the Vice President, the duties and responsibilities include the following:
- Manage the resources of the unit to maximize its effectiveness in supporting investment officers and task managers, marketing investors and executing transactions.
- Provide structuring guidance to investment officers and task managers and actively participate in presenting proposals and mandate letters to clients, emphasizing the benefits of syndication and co-financing.
- Establish working relationships with the widest possible group of commercial co-financiers.
- Execute A/B-loan co-financings and Development Finance Institutions syndications, sharing responsibilities where appropriate with co-arrangers.
- Perform market soundings, pricing and provide risk appetite feedback to senior management for their consideration.
- Review syndication guidelines and make recommendations for amendments and improvements.
- Develop internal operational processes and procedures for the department as well as financial instruments and performance metrics to incentivize, mainstream and scale-up co-financing, syndication and leveraging activities.
- Identify existing assets for potential secondary sale, obtain market feedback on likely cost of sale and, where applicable, seek all necessary approvals.
- Work with, inter alia, Operations (both public and private) / Financial Control / Financial Treasury, Financial Management, Legal and other departments within the Bank to establish capacity to act as agent for all B-loans, Development Finance Institutions syndications and other co-financings.
- Development of the Bank Groups Financial Products.
- Provision of Financial Technical Services to Sovereign and Non-Sovereign Transactions in Project Teams.
- Lead Domestic Capital Markets Funding activities.
- Lead the Development and Adaptation of Financial Policies and Programmes as applicable to the activities of the department.
- Serve as Acting Vice President for Finance Complex when required.
- Perform other duties assigned by the Vice President.
Selection Criteria
Desirable Skills, Knowledge and Experience:
- A minimum of a Master’s degree or equivalent in Economics, Finance and/or Business Administration or related disciplines.
- A minimum of ten (10) years of relevant experience acquired in reputable financial institutions. At least five (5) years of this experience should have been in a managerial level.
- Knowledge of market instruments and market sources of financing (sovereign bond financing, municipal/sub-sovereign financing, syndicated lending/infrastructure finance), other sources of financing and risk management/hedging products.
- Knowledge of fund raising and on-lending activities in developing capital markets, particularly in Africa.
- Excellent understanding of financial issues affecting sovereign and non-sovereign clients in developing countries and policy associated with the Bank’s mandate.
- A full understanding of the capital markets and demonstrated understanding of project finance and the use of risk mitigation instruments to catalyze private capital.
- Strong customer focus, ability to interface effectively with clients and business contacts at a senior land team level.
- Strong background in investment and development banking with experience in working with private sector projects, state owned entities, utilities/infrastructure authorities and government.
- Candidate must have a strong track record of excellence in written communication.
- Strong leadership skill to support and mentor staff in the Department.
- Strong business judgment and analytical decision making skills.
- Strong problem-solving skills.
- 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 (Word, Excel, Access, PowerPoint); knowledge of SAP is highly desirable.
Information on the Position:
- The African Development Bank Group Has Retained Ca Global Headhunters (Pty) Ltd To Assist With This Appointment.
How to Apply
Candidates should send their CV's with a supporting statement highlighting your experience and skills against the requirements of the role to: danelle@caglobalint.com
Please Quote The Code Dlr001 In The Subject Heading Of The Email.
Telephone: +27 (0) 21 659 9200.
Sorry the application deadline for this job has elapsed
