Grade: PL-2 Position N°: 50001040 Reference: ADB/15/052 Publication date: 22/04/2015 Closing date: 13/05/2015ObjectivesThe Coordinator of the Special Program (SP) is responsible for delivering an enhanced syndication, blended-financing financing function and captive products for the department’s non-sovereign operations (NSO). This function aims to enable the Bank to:
Respond to growing demand for private sector financing, by mobilizing and deploying innovative solutions to bankability challenges facing operations in its priority sectors (infrastructure and real economy) and across all markets (from middle-income post-conflict);
Optimize the risk capital deployed by the Bank in NSO transactions, in line with the Bank’s catalytic and resource mobilization mandate and ensure the Bank continues to comply with key capital adequacy and risk management policies at sector, portfolio, instrument and country levels.
Fostering the implementation of programs and special initiatives funded by third party funds aimed at mainstreaming captive products in the Bank’s operations in particular in low income countries.
In addition, the Coordinator will also establish and grow a special function dedicated to equity investment anchor program.In delivering these mandates, the Coordinator will supervise distinct in-house sub-teams and coordinate with other divisions and departments participating in the Bank’s NSO to:
(i) Scale up primary and secondary syndication with commercial and DFI investors through active arranging;(ii) Facilitate the deployment of concessional co-financing/blending solutions from facilities and instruments managed by third party entities both within and outside the Bank, for enhanced bankability of the department’s NSOs;(iii) Consolidate and develop the department’s equity investment capability;(iv) Design, fundraise, and manage captive financing facilities (trust/special funds) geared to co-finance or finance on a stand-alone basis NSO transactions in specific sectors/countries and instruments (i.e. including structured debt products, risk-sharing, equity, technical assistance).
Duties and responsibilitiesReporting to the head of the Department and working closely with internal and external stakeholders. The incumbent’s role includes but not limited to:Technical Oversight:
Plan and supervise the implementation, monitoring and reporting of the divison’s work program, budget and performance against key performance indicators;
Provide advice to the Director and Management on cofinancing, syndications, captive financing instruments and facilities (including department-hosted trust and special funds), blending instruments and facilities (ADF, climate funds, etc.), financial innovation, equity investments;
Coordinate and contribute to the development of innovative structures of risk participations or co-financing targeted to meet the specific requirements of each business segment, alongside special initiatives, products and vehicles to mobilize third parties funds on commercial and concessional terms;
Plan and execute capacity building program and deal-flow screening sessions for investment teams on relevant internal and external co-financing and bankability solutions as well as equities;
Facilitate the deployment of and coordinate Bank-Group and external financing, risk-management products and technical assistance programs in support of projects under preparation or implementation;
Oversee the incubation, fund-raising and operationalization of new and existing captive off-balancing financing and risk-sharing solutions to scale up the Bank’s footprint and capability in sectors and countries where bankability issues are most acute;
Plan, incubate and develop an equity investment and management function and team to consolidate all equity and equity-like activities;
Manage the operational end of existing and new trust funds /financing facilities for which the Department acts as focal point;
Ensure that the Bank utilizes the full palette of Bank instruments to crowd-in co-financiers and investors, including A/B loan, partial risk and credit guarantees, equity, blended instruments and the mobilization of parallel sovereign investment;
Ensure that loan and equity process and transaction documentation provides for eventual secondary syndication, risk-sharing and sell-down;
Advise the Deal Clearance committee on co-financing potential and bankability solutions of transactions being considered for entry into the department’s pipeline;
Periodically review and execute, in collaboration with the portfolio management team, opportunities for secondary syndications (outright or partial disposal) of debt, guarantee and equity assets in the portfolio.
People Management:
Manage a team of Lead, professional and support staffs in providing efficient and high quality financing, bankability services, equity investment and trust/special fund management;
Be a collaborative member of the Management Teams of the Vice-Presidencies and foster a collegial environment and enable synergies;
Serve as a role model, leading by example, with integrity, building alignment and commitment by displaying courage in challenging others to move the Bank forward;
Build strong relationship management and understand the business needs, as well as external and internal relations to assist in developing practical and effective cofinancing;
Set realistic performance goals and motivate team members to meet them, both for individual staff and for the team as whole;
Manage the team’s staffing and resources competently and responsibly to achieve the Division’s objectives;
Leadership:
Lead and execute the provision of project bankability, mobilization and risk-capital optimization objectives at transaction and portfolio level;
Lead the establishment of a framework for centralized equity investment management with an associated team responsible for delivering the Bank’s catalytic investor role, deploying seed and growth equity as well as equity-like investments directly to corporates and project vehicles as well as indirectly through funds;
Lead the structuring and operationalization of a revised mutual reliance framework with partner MDBs, DFIs, official development agencies and donor funded vehicles, to provide innovative risk mitigation structures to improve the credit quality of infrastructure and industrial projects;
Lead the design, fund-raising and operationalize of new and existing captive off-balancing financing and risk-sharing solutions in collaboration with originating and portfolio divisions, as well as other Bank departments involved in third-party resource mobilization, as appropriate;
Lead complex missions involving negotiations with government officials, bilateral and multilateral development finance institutions and donor agencies, private and institutional investors and financiers;
Improve customer service orientation of staff of the division and ensure provision of efficient services to internal and external clients.
Agent of Changes
Serve as a role model for transformation in implementing the enhanced mobilization and catalytic investor culture;
Manage change by proactively identifying and facilitating buy-in, drive changes towards desired outcomes of enhanced syndication, co-financing and equity investing
Ensure good corporate governance principles are complied with in the design, structure, workflows and management of captive financing vehicles and instruments, in delivering fee-earning arranging mandates and as regards equity investments– to mitigate self-dealing or conflict of interest risks, and ensure adherence to fiduciary roles;
Develop outreach initiatives to clients and departmental counterparts to ensure open and regular communications on the Bank’s programs, projects and fiduciary rules and requirements.
Organisational Competencies
Able to identify opportunities and threats to deliver the mandate of the division, and to plan and execute work-processes, team structure and modus operandi to ensure effective delivery;
Develop and cultivate a network of co-financing partners – commercial banks, DFIs, institutional investors, fund managers, concessional/blending as well as captive wholesale co-financiers and risk sharing facilities;
Continuously seek to acquire and share operational and organizational knowledge, with an innovation-oriented approach;
Client-oriented to ensure the division effectively performs its role throughout the project/asset life cycle;
Demonstrate sound problem-solving and decision-making ability;
Manage own time, information and resources effectively, and provides clear and effective communication to subordinates that enable them to prioritize their respective deliverables against competing priorities;
Contribute effectively to the Complex and Department’s management team, and facilitate collaborative work environment between the teams in the division and other divisions in the department;
Communicate effectively to creates understanding between self and others;
Build and maintain effective internal and external cofinancing, co-investment, and mobilization relationships;
Develop, track and communicate clear performance management metrics, translating corporate and department-level Key Performance Indicators, into division, team and individual staff member level performance indicators.
Selection CriteriaIncluding desirable skills, knowledge and experienceAt least a Master’s or equivalent degree in business administration, financial engineering, finance, investment management, law or risk management;A minimum of 8 years relevant experience in any investment banking, management consultancy, transaction advisory, or asset management capacity; Knowledge of multilateral development banking, investment banking, co-financing, blending solutions, equity investment, fund managements, tail-end equity risk management; Experience of working in middle-income and low-income countries (transition and fragile countries experience desirable), multi-cultural and multi-lingual professional environment; Track record of leading and developing teams and managing projects, programs, transactions, structuring and innovative financing solutions using commercial and donor funds; Problem-solving skills, innovative and pragmatic; Resilient in the face of adversity; Integrity, with an ability to detect and proactively mitigate conflict of interest situations that may arise in performing fiduciary roles associated with the management of trust/special funds while in parallel delivering fee-earning arranging mandates; Good coaching, mentoring and conflict resolution skills; Demonstrated ability to multi-task and manage their time effectively to deal with multiple and competing demands and deadlines.CORE COMPETENCIES:Communicate and write effectively in French or English, with a good working knowledge of the other language; Competence in the use of Bank standard software applications (SAP, word, Excel, Access and PowerPoint); Strong leadership and coaching skills, with a proven track record of working with multi-disciplinary teams and creating an empowering and self-development oriented work environment; Commitment to ensure that full use is made of the systems, procedures and culture within the organization in order to deliver the required results; Commitment to search for and produce innovative and creative approaches to activities in order to enhance performance and create added benefits to the bank and its clients; Apply business knowledge to the resolution of problems and identifies solutions to the benefit of the client (internal and external) and the organization; Continuously expand understanding and share knowledge and expertise with others of relevant Bank and external business products, practices and systems/technology (commercial and concessional); Provide clear and concise oral and written communication; present oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience; Ensure that the client (internal or external) is considered to be of primary importance in all transactions and interactions. Strive to understand, and when appropriate, anticipate client needs, and ensure that the client receives the best possible service from the Bank;Work with others to maximize the effectiveness of the team as a whole, sharing the knowledge and the workload. Develop strong working relationships with colleagues and contributes to creation of a positive team environment
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