Vacancy title:
Chief Financial Risk Officer - FIFM1

Jobs at:
African Development Bank

Deadline of this Job:
4th December 2018

Duty Station:
Tanzania

Summary
Date Posted: 15th November 2018 , Base Salary: Not Disclosed , Employment Type: Full-Time

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. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.

JOB DETAILS:

THE POSITION:
The Chief Financial Risk Officer ensures that Asset and Liability Management exposures are identified, measured and reported and, where necessary, mitigated. He/she provides analytical expertise for assessing the financial impact of strategies, initiatives, products, etc. on Bank Group entities and ensures that financial risks are maintained within Board approved limits and the Asset and Liability Management Committee guidelines.

DUTIES AND RESPONSIBILITIES
Under the supervision and guidance of the Division Manager, Asset and Liability Management, the Chief Financial risk Officer will perform the following:

• Lead the formulation and periodic review of asset liability management policies and guidelines for the African Development Bank, the African
• Development Fund and the Nigeria Trust Fund.
  
• Co-ordinate the upgrade and update the Bank Group’s medium and long-term financial projections models for the African Development Bank, African Development Fund and Nigeria Trust Fund.
  
• Lead the preparation of the Bank’s annual medium-term financial performance outlook paper, accompanying Board seminar and the
• Programme and Budget exercise
  
• Lead the study of specific products and how their structure should be modeled in order to reflect how their profiles impact the Bank Group risk profile.
  
• Lead the preparation of background working papers on the Bank’s and Fund's resource mobilization
  

SELECTION CRITERIA
Including desirable skills, knowledge and experience

• Hold at least a Master's degree or its equivalent in a quantitative field (Finance, Statistics, Mathematics, Economics and/or other relevant fields). CFA or FRM/PRM professional qualification is advantageous.
  
• Have a minimum of seven (7) years of relevant professional experience in a bank, similar financial institution or related consulting role, with at least five (05) years in an Asset and Liability Management or related role in financial risk management.
  
• Having private sector experience will be an added advantage.
  
• Experience with a Multilateral Development Bank is highly desirable.
  Strong ability to guide and supervise a small team.