Vacancy for Division Manager, Treasury Risk Management at African Development Bank Group (AfDB)

Employment Nigeria 07-Oct-2017 AFRICA , Banking and Finance

African Development Bank Group (AfDB) - the premier pan-African development institution, promoting economic growth and social progress across the continent.

POSITION : Division Manager, Treasury Risk Management

The Hiring Department

The role of the Financial Management Department (FFMA) is to develop and promulgate policies and guidelines relating to the financial management for the Bank Group. It also ensures internal consistency of all financial policies and guidelines, including those initiated and developed by the other departments in the Bank, as well as monitors and reports on compliance.
The role of the Treasury Risk Management Division (FIFM2) is the management and reporting of treasury risk and the oversight of treasury activities that enable the Bank to make informed and profitable investment and borrowing decisions thereby preserving capital, optimizing profitability and maintaining a strong credit rating.

The Position

Identify, measure, monitor and report on treasury performance, compliance and counterparty credit risks in the Bank Group’s Treasury operations;
Ensure the timely recording, analysis and reporting of the treasury activities;
Implement an efficient control framework to ensure the adherence to the Bank’s policies, Assets and Liabilities Management (ALM) guidelines, principles of segregation of duties and to International Financial Reporting Standards (IFRS) where appropriate;
Provide appropriate information systems and analytical support tools to support and enhance the analytical, decision-making and reporting processes within the Bank Group Treasury and Treasury Risk Management activities.

Responsibilities

Monitor the implementation of projects designed to enhance the content and quality of information produced by the division for management and policy decision-making;
Identify and oversee acquisition and implementation of information and other vendor services for efficient risk management and reporting.
Set the division work programme and budget including the performance objectives of staff and regularly provide feedback, coaching and evaluation thereof
Provide leadership in ensuring the implementation and maintenance of an efficient and robust internal control and risk management framework
Keep abreast of treasury and risk management issues relating to regulatory developments and industry best practice through the development of a strong network with major MDBs
Manage a team of professional and support staff in developing, implementing, maintaining and enhancing static and dynamic market data, analytical and reporting systems used for the financial market activities of the Bank Group Treasury Department;
Oversee the development and maintenance of counterparty credit and financial risk exposure monitoring and reporting systems for investments, borrowings and derivatives activities of the Bank Group entities;
Lead the financial and risk contributions to negotiations of ISDA/CSAs with counterparties;
Review the preparation of regular financial, risk and performance reports for, Management, the Asset and Liability Management Committee (ALCO), Treasury and Financial Control Departments;
Provide leadership on the analysis and ad-hoc reports on performance, risk, and counterparty credit exposures in response to changes in market conditions;
Perform other duties as assigned by the supervisor.

Selection Criteria

At least a Master's Degree in Finance, Business Administration, Economics or related fields;
Professional qualification an added advantage, e.g. CFA, FRM, PRM
8 years of relevant professional experience in the areas of Treasury, Treasury Risk Management or Financial Risk Management;
Knowledge of Summit and Numerix highly desirable
Competence in the use of standard software used in the Bank such as Word, Excel, Access and Power Point and SAP.
Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other language.
Strong knowledge of fixed income and derivatives markets, financial/treasury risk management, counterparty credit risk management, valuation of securities, derivative products, and financing strategies;
Relevant private sector banking experience is an added advantage;
Strong analytical skills;

Sorry the application deadline for this job has elapsed

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Vacancy for Division Manager, Treasury Risk Management at African Development Bank Group (AfDB)

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