AFRICAN DEVELOPMENT BANK
VACANCY NOTICE No. ADB/09/57
Position Title :SENIOR INVESTMENT OFFICER / GRADE:
PL5
/ Position Nº:1648 / Closing date:
15 April 2009
Department/Division :
TREASURY (FTRY), INVESTMENT AND TRADING ROOM DIVISION (FTRY.3) / Supervisor's Name and Title :
Olivier CARROLAGGI, DIVISION MANAGER, FTRY.3
The role of the Investments Division is to manage all the Bank Group’s Treasury assets with the objective of capital preservation, profitability and liquidity maintenance in accordance with the Bank Group’s specific investment guidelines. Currently, the Bank Group manages approximately USD 15 Billion of funds in the Special Drawing Rights (SDR) component currencies (US dollar, Japanese Yen, Pounds Sterling, Euro and the South African Rand) for several entities and accounts such as: the African Development Bank (ADB), the African Development Fund (ADF), the Nigeria Trust Fund (NTF), the Heavily Indebted Poor Countries (HIPC) Initiative, etc
Duties and Responsibilities : Under the supervision of the Division Manager, FTRY.3, the incumbent will carry out the following functions:
· Manage the Bank’s assets versus the specific benchmark or fixed liability schedule with the objective of capital preservation, profitability and liquidity maintenance in accordance with the Investment Guidelines of the specific fund;
· Determine the optimal asset allocation to maximize risk-adjusted returns through the identification and recommendation of investment products and trading strategies;
· Conduct scenario analysis and stress testing of investment proposals and strategies;
· Monitor and control the interest rate and credit risk exposure of the portfolios under management;
· Perform portfolio analytics, including but not limited to, portfolio performance attribution analysis;
· Perform credit analysis on financial institutions and asset-backed securities (ABS) issuers;
· Propose and implement hedging strategies, via the use of derivatives, for all portfolios;
· Provide periodic oral and written reports to management on capital and credit market developments;
· Participate in the review of the Bank Group’s investment management framework, financial policies, guidelines, benchmarks and procedures,
· Provide advisory services and technical assistance to African Central Banks and other financial institutions on fixed income investment management.
Selection Criteria: (including desirable skills, knowledge and experience)
· A minimum of a Master’s degree (or its equivalent) in Finance, Economics, Mathematics or Statistics and preferably with a Chartered Financial Analyst (CFA) certification or any other relevant discipline.
· A minimum of 5 years of relevant and practical experience in International Capital Markets;
· Strong knowledge and understanding of financial instruments, particularly, bonds, Asset-Backed and Mortgage-Backed Securities (ABS/MBS), derivatives, structured products and risk management concepts;
· Proven credit analysis and financial modeling skills;
· Familiarity with Treasury systems such as Summit and Numerix;
· Ability to work as a team player with excellent interpersonal skills;
· Competence in the use of standard Microsoft office applications (Word, Excel, Access, and PowerPoint)
· Excellent written and verbal communications in English or French with a working knowledge of the other language.
Submitted by:
Benson Maina, Acting Division Manager, CHRM.1 / Date:
Approved by:
Daniel Tytiun, Director, CHRM / Date:
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 a fully completed Personal History Form (PHF) available from the Bank’s web site and attach a comprehensive Curriculum Vitae (CV) showing date of birth and nationality and preferably submitted electronically to: . African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply. http://www.afdb.org/jobs