Vacancy at African Development Bank for Principal Treasury Officer
Employment Nigeria
31-May-2017
AFRICA ,
Banking and Finance
African Development Bank - the premier pan-African development institution, promoting economic growth and social progress across the continent.
POSITION : Principal Treasury Officer
DESCRIPTION
- Under the supervision of the Division Manager, Capital markets & subscriptions, the Principal Treasury Officer contributes to the strategy and implementation and execution of the African Development Bank’s annual borrowing program, the management of subscriptions to the capital of the Bank, the African Development Fund and the Multilateral Debt Relief Initiative, technical discussions related to the Bank’s capital increases, replenishments of African Development Fund, rating reviews and financial policies.
The Principal Treasury Officer will carry out the following functions;
- Implementation of the borrowing program and management of liabilities:
- Identify and develop strategies for relevant products or markets
- Supervise all stages of the borrowing process
- Prepare the annual borrowing program
- Monitor bond markets through various information sources including Bloomberg
- Manage relationships with banks and maintain constant flow of discussions on bond market developments and a proactive and comprehensive coverage across markets and instruments
- Participate and/or design issuance strategy in various markets
- Draft, negotiate and finalize the technical documents required to launch new bond issues
- Source, analyze, price, negotiate and execute borrowing, derivatives, buyback trades and other liability management transactions
- Participate in the investors relations program to deepen and widen the Bank’s investor base, updating them on the Bank’s credit story
- Update the Bank’s borrowing documentation including the GDIF and GIS
- Administer resources and subscriptions of the African Development Bank, African Development Fund and Multilateral Debt Relief Initiative:
- Provide advice to the Manager on issues related to the administration of subscriptions
- Draft and prepare technical papers
- Review and control documents related to the implementation of the African Development Bank, African Development Fund resolutions and Multilateral Debt Relief Initiative
- Advise shareholders and internal parties on key issues related to their subscriptions
- Implement the relevant resolutions of capital increases, African Development Fund replenishments and Multilateral Debt Relief Initiative
- Work on the improvement / establishment of automated systems for the management of subscriptions and contributions
- Administrative management of subscriptions, contributions, payments and encashment
- Prepare the voting powers
- Prepare financial notes, briefs and status reports
- Participate in the Bank’s credit rating review process
- Contribute to the annual rating review process with Credit Rating Agencies
- Participate in the review of the Bank’s financial policies:
- Provide advice to the Manager on issues pertaining to financial policies
- Participate in the review the Bank’s financial policies
- Participate in the restructuring of the Bank’s balance sheet, discussions on the introduction of new lending instruments and the allocation of debt to pools of assets
- Prepare the Bank’s Financial Presentation booklet
- Prepare the administrative hedge of the Bank’s capital
- Perform other duties assigned by the Division Manager
Selection Criteria
- Master's or equivalent degree in Finance, Business Administration, Economics, Statistics or a related quantitative discipline.
- Professional certification such as Chartered Financial Analyst (CFA) or ICMA is an advantage
- Minimum of six (6) years of professional experience in the international Capital Markets, with a special emphasis on bond issuance. Practical experience of managing global bonds and /or public bonds issuance process, and using derivatives for hedging purposes.
- Knowledge and experience of capital markets, including structured products, derivatives, market rules and regulations, financial markets skills, and risk management concepts.
- Write clear, convincing and well-structured business documents and reports in English and/or French
- Wwork effectively with individuals of different views, culture, nationality, gender and age
- Cope with multiple demands and competing priorities
- Bring together people with complementary skills to ensure project’s success
- Take ownership for projects and ensuring that output is of the highest quality and delivered in a timely manner
- Command of standard computer software applications such as Word, Excel, PowerPoint
- Knowledge of Bloomberg, Summit/Numerix would be an advantage
- Communicate effectively (written and oral) in English or French preferably with a working knowledge of the other language.
Sorry the application deadline for this job has elapsed
