Vacancy title:
Principal 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) 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 responsibilities of the Principal Financial Risk Officer are to:

• Formulate and periodically review ALM policies and guidelines.
  Prepare and periodically update financial projections for the ADB, ADF and NTF.
  
• Ensure that Financial Risk Management limits are maintained within Board approved limits and the Asset and Liability Management Committee (ALCo) operating guidelines;
  
• Support the Bank Group’s resources mobilization efforts through the production of relevant data, projections, financial analyses and reports.
  
• Design, upgrade, implement and maintain the ALM Analytics
• System/Processes and financial models used by the Division to maintain an adequate risk management infrastructure
  

DUTIES AND RESPONSIBILITIES
Under the supervision of the Division Manager – FIFM1 the Principal Financial Risk Officer will perform the following:

• Formulate and periodically review the asset liability management policies and guidelines for the ADB, ADF and NTF.
  Develop, implement back-tests and monitor key financial models that drive the risk profile of the Bank Group’s balance sheet and income margin.
  
• Contribute to the elaboration of the Bank’s annual medium-term financial performance outlook (MTFO) paper and the Programme and Budget Document (PBD).
  
• Conduct pricing, valuation, and behavioral analysis of Balance Sheet products in order to ensure a fully integrated risk analysis.
  
• 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.
  

Selection Criteria
Including desirable skills, knowledge and experience

• Hold at least a Master’s Degree in Finance, Banking, Business Administration, Management Information Systems or in similar quantitative disciplines.
  
• Have a minimum of Six (06) years of relevant experience in a bank or a similar financial institution or a related consulting role, with at least 3 years in an ALM role or a related role in financial risk management.
  
• Experience in the preparation of Asset/Liability management policy documents, Capital Adequacy policy documents and guidelines for a MDB or a commercial Bank.
  
• Experience with an MDB or in the financial services industry with emphasis on quantitative risk, highly valuable.
  
• Expert knowledge of balance sheet management and complex financial instruments;