Reference: ADB/17/538 Location: Côte d’Ivoire Grade: PL4 Position N°: 50076382 The Complex
The Vice Presidency for Finance oversees the financial management of the Bank Group.
This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.
The Hiring Department/Division
The role of the Financial Management Department (FIFM) 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.
As an integral part of the financial management process of the Bank Group, the FIFM.1 division is responsible for developing and direct the Asset and Liability Management (ALM) function, which is concerned with strategic balance sheet management involving risks caused by changes in the interest rates, exchange rates and the liquidity position of the Bank Group.
The Position The responsibilities of this Position are to:
Prepare and periodically update financial projections for the ADB, ADF and NTF.
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 IT 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:
Develop, implement back-tests and monitor key financial models that drive the risk profile of the Bank Group’s balance sheet and income margin.
Liaise with CHIS for the development or enhancement of the ALM IT infrastructure.
Contribute to the elaboration of the Bank’s annual medium-term financial performance outlook (MTFO) paper and the Programme 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.
Prepare background working papers on the Bank’s and Fund’s resource mobilization initiatives such as general capital increases and ADF replenishments.
Maintain of the integrity of Risk Management Analytics System/Processes with consideration for data, assumptions, processes and reporting through automation, reconciliation, and documentation.
Provide diligent response to analytic requests from senior management, generated in the requested format or, in the absence of a suggestion, in a format that will be most useful to the senior manager’s purpose.
Selection Criteria Including Desirable Skills, Knowledge and Experience
Hold at least a Master’s Degree in a quantitative field such as Finance, Statistics, Mathematics, Economics or related discipline.
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.
Proven experience in implementation of ALM Framework and in financial modelling
CFA and FRM/PRM professional qualification.
Experience with an MDB or in the financial services industry with emphasis in quantitative risk, highly valuable.
Private sector experience is advantageous
Expert knowledge of balance sheet management and complex financial instruments;
Excellent analytical skills
Experience of forecasting P&L and balance sheet of a financial services / banking entity.
Project management skills
Proficiency in programming (e.g. VBA, SQL, MatLab etc…)
Knowledge of Risk Management Software
Knowledge and experience of a broad suite of FM (financial management) products/solutions would be an advantage.
Knowledge of SAP and SUMMIT is advantageous
Innovation & Creativity
Communication
Client Orientation
Problem Solving
Team working and relationships
Operational Effectiveness
Ability to communicate effectively (written and oral) in English or French preferably with a working knowledge of the other.
Competence in the use of standard MS office applications (Word, Excel, Access, and PowerPoint) and SAP.
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