Economic Commission for Africa Chief, Innovative Finance & Capital Markets Section - Private Sector Development & Finance Division Jobs in Addis Ababa Ethiopia
Economic Commission for Africa Chief, Innovative Finance & Capital Markets Section - Private Sector Development & Finance Division Jobs in Addis Ababa Ethiopia
Org. Setting and ReportingECA’s mission is to deliver ideas and actions for an empowered and transformed Africa; informed by the 2030 SDGs and Agenda 2063.
The mission is guided by ECA’s five new strategic directions which are: advancing ECA’s position as a premier knowledge institution that builds on its unique position and privilege to bring global solutions to the continent’s problems and take local solution to the continent; developing macroeconomic and structural policy options to accelerate economic diversification and job creation; designing and implementing innovative financing models for infrastructure, and for human, physical and social assets for a transforming Africa; contributing solutions to regional and transboundary challenges, with a focus on peace security and social inclusion as an important development nexus; advocating Africa’s position at the global level and developing regional responses as a contribution to global governance issues.
Private Sector Development and Finance Division
The Private Sector Development and Finance Division (PSDFD) is headed by a Director and reports to the Deputy Executive Secretary (Programme).
The Division is responsible for supporting member States in their endeavour to achieve sustained economic growth and transformation through leveraging the role and resources of the private sector with an emphasis, improving the business environment, increasing private sector investment in agriculture, infrastructure, energy and services (technology), and promoting innovative financing models.
It is divided into three sections: Agriculture and Business Enabling Environment; Energy, Infrastructure and Services; and Innovative Finance and Capital Markets.
The core functions of the Division are as follows:
Assisting member States in designing and implementing policies and strategies to improve the business environment on agriculture and land-related policies;
Assisting member States in designing and implementing policies and strategies that promote innovative financing for developing capital markets to support private sector development and attract investment;
Contributing to the establishment and implementation of policies and programmes aimed at increasing private sector investment in infrastructure, energy and services, leading to improved infrastructure, job creation and economic growth;
Improving the enabling environment for business, harmonizing regulation and advocating in favour of Africa’s private sector at the national, regional and global levels;
Working with Governments to ensure that the basic infrastructure to boost the competitiveness of the private sector and the necessary energy, infrastructure and services are in place and are efficient, affordable and sufficiently well-structured to attract the private sector;
Deepening the financing architecture and the development of capital markets to increase savings and investments pools and mobilize more investment capital;
Producing evidence-based policy research to support the efforts of member States to further the development of small and medium-sized enterprises;
Promoting agricultural transformation through the development of knowledge products on smart and sustainable agriculture and regional agricultural value chains;
Creating regulatory frameworks for standardized infrastructure markets in the areas of energy, transport, and information and communications technology;
Developing regional platforms for financing Africa’s development through innovative tools.
Responsibilities
• Provides advice/guidance on the development of capital markets in the region including the development of commodity and stock exchanges;
• Advises on development and management of sovereign bond issuances and work towards the development of more corporate bond issuances. Work to establish local rating agencies on the continent and ensure corporate compliance to legal regulations. Deepen involvement of securities, pensions and insurance sector contribution to market development;
• Works to develop innovative asset classes to help finance human, and physical infrastructure;
• Develops/maintains close working relationship with continental and international supervisory bodies to ensure international legislation is consistent with continental aspirations;
• Works closely with ECA's African Centre for Statistics to develop a database of on-time financial information to ensure accurate data availability for policy and decision making especially regarding systemic markets and agencies;
• Provides policy guidance to the Director, on conceptual strategy development and management of the implementation of overall strategies
and intra and interdivisional/departmental policies and procedures;
• Manages, supervises and carries out the work programme of the Section under his/her responsibility. Co-ordinates the work carried out by the Section; provides programmatic and substantive reviews of drafts prepared by others;
• Provides substantive input in the preparation of position papers and reports for presentation to intergovernmental bodies such as the Advisory Committee on Administrative and Budget Questions, Committee for Programme Coordination, Economic and Social Council, the General Assembly and other policy-making organs, as appropriate;
• Contributes to the reporting to intergovernmental bodies on budget/programme performance or on programmatic/ substantive issues, as appropriate, particularly those presented in biannual and/or annual reports;
• Represents the Organization at inter-agency meetings, seminars, etc. on substantive-related issues;
• Participates in international, regional or national meetings and provides programmatic/substantive expertise on an issue, or holds programmatic/substantive and organizational discussions with representatives of other institutions;
Technical Cooperation
• Develops and maintains relations with senior officials of member governments and ensures a response to requests for advice and/or assistance on social issues and policies;
• Negotiates with donor and recipient governments on technical assistance programmes and projects;
• Organises and coordinates cooperation among Member States on social programmes or issues;
• Designs, monitors, backstops and assesses the implementation of technical cooperation programmes and projects;
• Leads or participates in technical cooperation missions.
Programme Support
• Contributes to the personnel and financial management of the work unit, to include the development and implementation of work plans and budgets;
• Carries out and supervises key programme activities, including key missions and other initiatives; leads and directs a team of staff; may oversee activities for a discrete work section or equivalent; plans and allocates work assignments; coaches, mentors and evaluates staff; participates in recruitment, selection and training of new staff and in the development of training programs;
• Performs other duties as required.
Competencies
Professionalism
Knowledge of the substantive field of work in general and of specific areas being supervised, particularly markets and finance instruments, bond markets and strategies, innovative finance products and structures, banks and other financial institutions.
Ability to produce reports and papers on technical issues and to review and edit the work of others.
Ability to apply UN rules, regulations, policies and guidelines in work situations
Accountability
Takes ownership of all responsibilities and honours commitments; delivers outputs for which one has responsibility within prescribed time, cost and quality standards; operates in compliance with organizational regulations and rules; supports subordinates, provides oversight and takes responsibility for delegated assignments; takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.
Managerial Competencies
Leadership
Serves as a role model that other people want to follow: empowers others to translate vision into results; is proactive in developing strategies to accomplish objectives; establishes and maintains relationships with a broad range of people to understand needs and gain support; anticipates and resolves conflicts by
Education
Advanced university degree (Master's degree or equivalent) in business or public administration, economics, finance, accounting, law or related area.
A first-level degree (Bachelor’s or equivalent) in the specified fields with two additional years of relevant work experience may be accepted in lieu of the advanced university degree.
Work Experience
A minimum of ten years of progressively responsible experience in financial sector, banking and/or capital market or related field is required.
Previous experience working in capital markets is desirable.
Previous related experience in the African context is desirable.
Languages
English and French are the working languages of the UN Secretariat.
Fluency in one of the working languages of the UN Secretariat, English or French, (both oral and written) is required; knowledge of the other is desirable.
Knowledge of another UN official language is an advantage.
How to Apply
For more information and job application details, see; Economic Commission for Africa Chief, Innovative Finance & Capital Markets Section - Private Sector Development & Finance Division Jobs in Addis Ababa Ethiopia
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