DIVISIONAL MANAGER – SYNDICATIONS AND CO-FINANCING (FIST1) AT AFRICAN DEVELOPMENT BANK (AFDB) | MYLELO JOBS

Reference: ADB/17/143/3
Location: Côte d’Ivoire
Grade: PL2
Position N°: 50092453
 
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 Syndications and Financial Technical Services
department within the Finance complex will;
    Provide centralized syndications to the entire Bank
group cutting across both public and private sectors lending activities and
across products;
    Establish and coordinate the achievement of
bank-wide mobilization targets and Key Performance Indicators;
    Serve as a platform to build institutional capacity
for two related activities, namely balance sheet management (risk
mitigation on the existing portfolio) and agency functions which are the
back office activities needed to support a full service syndication
function.
 
The Position
Under the oversight of the Department’s Director,
the Division Manager has the overall responsibility to:
 
    Establish the African Development Bank as the
leading arranger of syndicated development co-financing in Africa;
    Mobilize funding from all external investors
– commercial banks, Development Finance Institutions, Export Credit
Agencies, Pension Funds, etc. – to leverage the development impact of
deployment of the Banks’s risk capital;
    Mobilize resources from the many development
partners and other related agencies with whom the African Development Bank
has ongoing relationships or with whom otherwise Memorandums of
Understanding have been signed;
    Integrate syndication and co-financing into
operations, so that the mobilization of external funding becomes the
standard business model;
    Support investment officers and task managers in
identifying co-financing opportunities  and promoting the unit’s
products to borrowers / sponsors;
    Assist with the structuring and pricing of
proposals by feeding back market intelligence;
    Enable the Bank to manage its existing portfolio of
assets through secondary sales/securitizations and any other balance sheet
optimization mechanism.
 
Duties and Responsibilities
The Divisional Manager-Syndications and Co- financing
will:
 
    Manage the resources of the division to maximize
its effectiveness in supporting investment officers and task managers,
marketing investors and executing transactions;
    Provide structuring guidance to Investment Officers
and actively participate in presenting proposals and mandate letters to
clients, emphasizing the benefits of syndication and financing;
    Establish working relationships with  the widest
possible group of commercial co-financiers;
    Execute A/B-loan co-financings and Development
Financial Institutions’ syndications, sharing responsibilities where
appropriate with co-arrangers;
    Conduct market soundings, pricing and provide risk
appetite feedback to senior management for their consideration;
    Review syndication guidelines and make
recommendations for amendments and improvements;
    Develop internal operational processes and
procedures for the division;
    develop training, communication and marketing
material and conduct staff and co-financiers information  campaign
    Act as deputy and Officer-In-Charge in the absence
of the departmental Director;
    Identify existing assets for potential secondary
sale, obtain market feedback on likely cost of sale and, where applicable,
seek all necessary approvals;
    Work with, inter alia, Operations (both public and
private) / Financial Control / Financial Treasury, Financial Management,
Legal and other departments within the Bank to establish capacity to act as
agent for all B-loans, Development Financial Institutions’
syndications and other co-financings.
 
Selection Criteria
Including desirable skills, knowledge and experience:
 
    Hold at least of a Master’s Degree or equivalent in
Finance, Economics or Business Administration or related disciplines
    A minimum experience of ten (10) years acquired in
a reputable financial institution and at least 5 which should be in a
supervisory capacity. A track record of direct responsibility for at least
5 successfully executed syndications deals is required;

    Private sector experience will be an added
advantage;
    The ability to propose innovative and creative
approaches to activities in order to enhance performance and create added
benefits to the Bank and its clients;
    The ability to communicate clearly and concisely
and work with others to maximize team effectiveness and develop strong
working relationships within and outside of the Organization.
    Ability to apply business knowledge to the
resolution of problems and identifies solutions to the benefit of the
client (internal and external) and the Organization
    Demonstrable knowledge and application of the
systems, procedures and culture within the Organization in order to deliver
the required results.
    Working knowledge of a range of financing
alternatives and financial instruments and ability to conduct a range of
financial analysis and understanding of project financing process.
    Strong analytical, quantitative and financial
market skills
    Ability to plan strategically in an uncertain
environment and achieve desired results timely.
    Good negotiating skills
    Ability to lead, guide, develop, mentor and
motivate staff members to achieve optimum performance in their roles.
    Ability to communicate effectively (written and
oral) in English or French with a good working knowledge of the other
language.
    Proficient in the use of standard MS Office
software applications, particularly Word, PowerPoint, Excel and SAP.
 
Application Closing Date
6th December, 2017.
Source: Mylelojobs

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