AfDB Division Manager, Financial Technical Services Jobs in Nigeria

AfDB Division Manager, Financial Technical Services Jobs in Nigeria

The Position

Under the Supervision of the Director, the Division Manager has the responsibility to:

Design products and financial services that are competitive, responsive to the evolving needs of the clients and consistent with the development objectives of the Bank and specifically the High5s;

Design and develop Balance Sheet Optimization instruments to enhance the management of the Bank’s capital, and lead the efficient and effective deployment of the Bank Group’s risk instruments.

Provide financial technical expertise and advisory services to project teams, support task managers in originating, structuring, appraising, negotiating, restructuring, secondary sales and closing of transactions.

Assist Bank’s clients to manage risk through customized derivative based hedging solutions.

Lead the Bank's initiative to develop African capital markets through the provision of long-term local currency funding solutions and swaps.

Lead the general dissemination and implementation of the Bank Group’s financial products, including developing and delivering training workshops, awareness and capacity building for Bank’s staff and clients

Duties and Responsibilities

The Division Manager will undertake the following functions:

People management:

Manage staff performance in line with the Bank’s guidelines, ensuring that clear objectives are set and agreed upon with the team in the work program and that annual performance cycles are effectively managed in line with the Bank’s calendar;

Mentor, coach and guide staff ensuring their clear understanding of their roles and promote a supportive work environment that is responsive to personal development of staff, ongoing feedback and development, including long term career development.

Development of innovative Financial Products and
Balance Sheet Optimization Products:

Design and implement new and/or enhanced financial products for financing, leverage of Bank Capital and for risk management purposes; write product specifications, technical guidelines and implementation modalities for the Bank’s financial products.

Design and Implement innovative balance sheet optimization structures including but not limited to cash and synthetic securitization, insurance, complex guarantee structures, credit default swaps etc..

Monitor the performance of products and services, and where necessary, analyze, develop and implement changes to existing product range to ensure that they continue to adequately meet borrower needs.

Manage the preparation of product competitor analysis and keep abreast of financial innovation, monitor economic and political trends in the international capital and money markets, and assess their impact on the Bank’s competiveness

Support the general dissemination of the Bank’s financial products. This involves developing and delivering training, marketing and communication modules, helping to resolve important funding and risk management issues, and applying a broad knowledge of financial markets and operational issues of each product to ensure high quality outcomes for the Bank and its clients.

Provide financial advisory and technical services including debt management and an understanding of Bank products and financial services to clients.

Build and maintain highly effective and successful relationships with key internal and external stakeholders, including financial advisors, investment banks, multilateral development banks and other financial institutions.

Financial Solutions, Advisory on Finance and Technical Expert Support:

Provide financial technical expertise and advisory services on project teams in originating, structuring, appraising, negotiating, restructuring, secondary sales and closing of transactions in various sectors utilizing the breadth of available instruments.

Lead the expansion of Bank’s project pipeline targeted to mobilize private sector financing. This includes (i) identification of opportunities and candidates, and (ii) relationship building and management with both internal clients and external clients (banks, institutional investors, private project participants etc.).

Review and negotiate complex project documentation, including mandate letters, term sheets, loan agreements and common term agreements.

Lead the Divisions interventions in supporting task managers developing guarantee transactions (for e.g. but not limited to infrastructure projects and capital market financings), including support during upstream preparation, structuring, negotiation, and closing of the transactions. Draft, as appropriate, project related documentation, including guarantee term-sheets and in collaboration with Legal Counsel, finalize the terms and conditions of

Bank’s support. Contribute to the operational documents and provide support for internal processing, review transaction agreements, and coordinate across project components with other team members.

Support task managers to design appropriate structures and solutions to meet the growing and evolving needs of clients;

Develop a fair and equitable pricing of the Bank’s lending products and assist Bank’s clients in their debt management strategies through the design of customized derivative based hedging solutions.

Assist clients in developing expertise and maintain appropriate systems for identifying and assessing risks associated with their external liabilities.

Domestic Capital Markets Funding:

Lead the Bank’s initiative to issue domestic bonds in African Capital markets and on-lend to projects.

Manage the process of local currency papers preparation to seek President’s approval to designate specific regional member countries currencies as approved lending currencies of the Bank and thereafter establish medium term note programs in the underlying countries.

Selection Criteria

Hold at least a Master's or equivalent degree in Finance / Banking, Business Administration, Economics, Accounting or related discipline. A professional qualification in one of the aforementioned fields is an added advantage.

A Chartered Financial Analyst (CFA) charter holder or ICMA will be a plus.

Have a minimum of eight (8) years of relevant professional experience with good market knowledge – particularly in relation to transaction structures, products, balance sheet optimization structures, fixed income, derivatives, equity, African capital markets, due diligence and financial analysis of project finance and corporate finance lending and equity investments, risk management instruments.

Proven experience in structuring at least 3 balance sheet optimization transactions.

Knowledge of market instruments and market sources of financing (sovereign bond financing, municipal/sub-sovereign financing, syndicated lending/infrastructure finance), other sources of financing (e.g., other IFIs, export credit agencies, concessionary bilateral financing, etc.); and risk management/hedging products (e.g., swaps, forwards, futures, options, etc.).

Knowledge of fund raising and on-lending activities in developing capital markets, particularly in Africa.

Excellent understanding of financial issues affecting sovereign and non-sovereign clients in developing countries and policy associated with the Bank’s mandate.

A full understanding of the capital markets and demonstrated understanding of project finance and the use of risk mitigation instruments to catalyze private capital.

Strong customer focus, ability to interface effectively with clients and business contacts at a senior level and work successfully as part of a team.

Demonstrated leadership in creative financial engineering and a track record of supporting various financing structures utilizing various financial instruments.

Strong background in investment and development banking with experience in working with private sector projects, state owned entities, utilities/infrastructure authorities and government

Competence with standard MS Office software applications, particularly Word, PowerPoint, and Excel including SAP.

Competence in the use of Treasury Systems – Summit, Reuters and Bloomberg applications

Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other language.

How to Apply

For more information and job application details, see; AfDB Division Manager, Financial Technical Services Jobs in Nigeria


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