Posted on :
24 Nov, 2009
24 Nov, 2009
The African Development Bank (AfDB) Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. With this objective in mind, the institution aims at assisting African countries – individually and collectively – in their efforts to achieve sustainable economic development and social progress
The key objectives of the Division are to:
Develop policies and guidelines, methodologies and systems relating to the credit risk assessment of the Bank’s lending portfolio;
Ensure internal consistency of all Bank’s credit risk policies and guidelines including those initiated and developed by other Departments; and Monitor and report on compliance with these policies and guidelines.
Duties and responsibilities
Under the general supervision and guidance of the Director of the Department, the incumbent’s duties and responsibilities will be as follows:
Manage and supervise the Division
Plan, organize and coordinate the activities of the Division
Set the overall objectives, develop work programs and oversee their execution, and ensure that deadlines are met and the highest technical quality of the Division’s output;
Establish a feedback mechanism and a workflow management and assignments monitoring system in compliance with Bank’s policies, guidelines and procedures in general and Bank’s credit risk management policies, guidelines and procedures in particular.
Enhance credit risk review process through better coordination between FFMA and other departments.
Lead the review and development of credit risk management policies and guidelines
Initiate and oversee the review and development of credit risk management policies, guidelines and systems, and credit risk assessment methodologies;
Propose proactively changes and revisions to the Bank’s credit risk management policies and guidelines to ensure that they remain pertinent and in line with the best practices
Coordinate and supervise the credit risk review of non-sovereign lending transactions and related tasks
Oversee the credit risk review of non-sovereign lending transactions and assigning a credit rating to them.
Lead the preparation of summary credit note for Board discussions of credit transactions
Coordinate the preparation of the quarterly and annual non-sovereign portfolio credit risk review report for presentation to different groups risk oversight organs.
Monitor compliance credit transactions with prescribed exposure limits and guidelines.
Lead and coordinate the execution of the annual country risk rating exercise and related tasks
Oversee the execution of the annual country risk rating survey and the preparation of the quarterly sovereign risk reports and other documents for presentation to relevant work groups; Mainstream the outcome
Mainstream the outcomes of risk review in the design of country assistance strategies, lending program preparation and the processing of specific sovereign and non-sovereign project lending and other investment operations so that the Bank’s financial integrity and viability are well preserved in support of regional member countries;
Coordinate and supervise the review of Country Strategy Paper, Sovereign Lending Operations and related documents
Including desirable skills, knowledge and experience
At least a Master’s degree or equivalent in Risk Management, International Banking or Economics
A minimum of 08 years work experience of which 5 years have been spent in private sector banking or multilateral development banking
Hands-on experience of credit risk assessment, deal negotiation and structuring in emerging and underdeveloped markets.
Good knowledge of credit risk management techniques and sophisticated risk mitigation products;
High degree of personal commitment, interpersonal skills with clear strategic vision and proven communication, leadership, management and supervisory skills;
Competence in the use of the risk analytics tools, with knowledge in Banking software and systems
Ability to communicate effectively (verbally and in writing) in English and/or French, with a working knowledge of the other language.
Ability to communicate effectively (verbally and in writing) in English and/or French, with a working knowledge of the other language
Job Application Method
Only applicants who fully meet the Bank’s requirements and are being considered for interview will be contacted. Applicants will only be considered if they submit (preferably electronically, to: [email protected]) a fully completed Personal History Form (PHF) available HERE, and attach a comprehensive Curriculum Vitae (CV) indicating date of birth and nationality. The President, ADB, reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply.