African Development Bank Group Division Manager, Capital Market Development Jobs in Nigeria
African Development Bank Group Division Manager, Capital Market Development Jobs in Nigeria
The PositionThe Manager, Capital Markets Development is responsible for the Bank's vision for capital markets in Africa and its prospective areas of intervention in the sector.
The Manager, Capital Markets Development will be responsible for ensuring that all the Bank’s operational Vice Presidencies have efficient and predictable access to expertise and instruments related to capital markets finance as well as development policies to grow the various RMCs’ capital markets sector.
Duties and Responsibilities
Lead Capital Markets Development in Africa and align it with institutional objectives within the High 5 priorities of the Bank, at the strategic and operational levels Duties/Responsibilities/tasks will focus on how AfDB can best support the deepening of domestic capital markets to mobilize long-term financing for needed investments critical to development in Africa
Lead Capital Market Solutions to face major crisis (health, financial, other disasters) in Africa. Duties/Responsibilities/Tasks will focus on how AfDB can support at due time in an emergency context the countries affected by the crisis to raise domestic financial resources able to reduce the impact of the crisis
Capital Markets Development Policy & Strategy
Develop, maintain and revise the Capital markets development policy and strategy of the Bank in consultation with internal and external stakeholders (including Regional and non-Regional Member Countries) and taking into account of medium to long-term trends in capital markets and the development of the continent;
Ensure the appropriate implementation of the policy and strategy in a one-bank approach and define a monitoring and evaluation framework;
Develop a cost-benefit perspective to pricing and build the logical and quantitative frameworks for addressing market failures.
Capital Markets Deal structuring and advisory
Establish and lead as the focal point on the Bank’s Capital Markets Development Advisory offering a suite of the following services to RMCs (private and public sector):
AfDB Affordable Housing Finance Advisory Services
Advise and promote bond programs such as Municipal Bond, Green Bond and securitization programs
Assist with reforms on Pension Funds, Insurance and Asset Management industry in Africa
Advise on Capital Markets regulatory frameworks and reforms for broadening market participation
Advise on financial stability and governance in capital markets sector
Provide cutting edge advice on capital markets infrastructure solutions, securities and commodities exchange/regulator establishment, operations, and/or development;
Provide direct support to Capital Markets Development operations staff in the field, particularly in order to improve the impact and the financial and economic analysis of projects;
Advise operational staff on capital markets trends and the consequences they have for future project development and design
Supervise African Financial Market Initiative Team
Africa Capital Markets Knowledge
Coordinate and work alongside key partners, such as other MDBs and the World Economic Forum to design capital markets development-based programs and solutions for the economic and social development of Africa;
Publish major studies and reports on capital markets development including bond Market, taking into account the comparative advantage that the Bank can bring to bear to any specific subject or theme.
Convene associated workshops and media events to solidify the learning across Africa;
Develop and maintain, in collaboration with partners, a detailed database of statistics and economic models relating to capital markets development, both in Africa and global in nature, to support proper analysis of the impact of the sector for development and the relative state of capital markets development in Africa including but not limited to ABABI, BADBC, and BADBX
Represent the Bank at global, regional and national conferences and workshops on capital markets development.
The Technical Oversight
Plan, organize and supervise the activities and staff of the Division;
Build and maintain strong relationships, through a high-level dialogue, with capital markets regulators (including relevant government officials and ministries), stock exchanges, capital markets leaders, clients, global and regional private businesses, local and foreign institutional investors, banking and multilateral partners and government officials to further develop the sector and to develop specific investment opportunities within the H5 priorities of the Bank
Lead in implementing, processing and
closing efficient capital markets and related transactions through offering ongoing guidance and sector knowledge and ensuring the consolidated Bank KPIs for capital markets development are achieved
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Lead in structuring and implementing innovative capital market solutions to face new challenges regarding especially climate change and gender;
Monitor and analyse economic developments in regional member countries;
Lead targeted resource mobilisation initiatives towards traditional development partners and donors and well as non-traditional donors, with the aim of mobilising concessional financings and grants to support the Bank’s work
People Management
Be a collaborative member of the Management Team, contribute and share expertise and input and foster a collegial environment.
Build strong relationship management and understand the business needs to assist in developing practical and effective solutions.
Leadership
Lead complex missions involving negotiations with government officials and private investors.
Improve customer service orientation of staff of the Division and ensure provision of efficient services to clients.
Staff engagement
Promote collaboration and facilitate teamwork across teams and across organizational units, particularly with the Regional Operations Manager Offices;
Selection Criteria
A minimum of a Master’s or its equivalent in Finance, Development Economics, Business Administration or any other discipline that is relevant to the operations of the Capital Markets Development Division;
Sound knowledge of financial sector issues and a demonstrated ability to engage in a broad range of development and policy issues facing Africa’s capital markets.
A minimum of 8 years of relevant professional experience in Infrastructure, Industrialization and Public Private Partnerships, preferably within the Financial Sector. 3 years of which should be in a management position or leadership role.
Demonstrated knowledge of having previously worked in a capital markets environment, including a capital markets transactional environment or within a capital markets regulatory environment, or capital markets securities exchange environment.
Proven track record in the structuring of a range of Bank instruments, such as loans, guarantee products and technical assistance, programs of reforms. Experience in managing the delivery of programmes.
Leading and developing teams and managing projects and programmes
Familiarity with strategies, policies, procedures and practices of multilateral development institutions.
Comprehensively understands projects structures, including project design, planning, risk management strategy, issue management strategy, communication management strategy, lessons learned and handover, and other critical success factors, strategies, policies, procedures and practices of multilateral development banks.
Knowledgeable in the structuring and execution of debt and equity investments in the Capital Market sector projects and programmes.
Professional Expertise: Continuously expands understanding of relevant business products, practices and systems/technology.
Highly developed strategic thinking skills allied to an ability to translate strategic concepts and direction into the implementation of workable and sustainable projects and programs.
Ability to pull together all aspects of project origination and drive the process to deliver the lending program.
Excellent Professional written and verbal communications in English or French with a working knowledge of the other.
Competence in the use of standard MS office applications (Word, Excel, Access, and PowerPoint) and Financial Market software such as Blomberg.
Application Closing Date
27th August, 2020.
How to Apply
For more information and job application details, see; African Development Bank Group Division Manager, Capital Market Development Jobs in Nigeria
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