Senior Investment Assistant at African Development Bank Recruitment 2019 | How to Apply
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African Development Bank Recruitment 2019
The African Development Bank Job Vacancies 2019 advertisement has been published for the various positions available below. All Eligible and Interested applicants may apply online for the available vacancies before the recruitment application deadline. The 2019 African Development Bank Job Recruitment details like education qualification, requirement, location, stipend & salary scale, selection process, application form, how to apply, closing date, important links and others are available below on Ghloud.com as well as on the official website.
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African Development Bank Job Positions 2019
THE BANK:
Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas, all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.
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 Treasury department is responsible for raising funds from capital markets, managing and investing the Bank Group’s liquidity and shareholders’ funds, processing and settling all financial transactions and managing the institution’s banking relationships.
The Division is responsible for treasury investment activities including the management of several fixed income portfolios, the execution of foreign exchange and money market transactions and innovations in investments.
THE POSITION:
Under the supervision of the Division Manager, the incumbent will:
- Execute money market transactions for all portfolios under management within the Bank Group based on the approved investment guidelines and risk parameters.
- Execute foreign exchange transactions in the absence of the foreign exchange trader.
Duties and responsibilities
The Senior Investment Assistant will carry out the following functions;
MONEY MARKET TRADING:
• Ensure that funds of the AfDB Group are invested by executing money market and reverse repo transactions for over 40 separate entities in currencies of the Special Drawing Rights basket and ZAR.
• Monitor cash flows and outstanding transactions by maintaining records of term deposits and reverse repo transactions.
FINANCIAL POLICIES & REPORTING:
• Contribute to the review the AfDB Group’s financial policies by actively participating in ALCO’s Working Groups.
• Ensure that Process Manuals of the Division are up-to-date by contributing to their periodic review.
• Keep Division Manager and Treasurer up-to-date on transaction execution by (i) contributing to the counterparty bank briefs on a periodic basis, detailing trading volumes, counterparty rankings and status of trading relationship, among others (ii) ensuring the accuracy of reports transmitted to the Asset and Liability Management Committee (ALCO).
EXTERNAL RELATIONSHIPS:
• Maintain and manage professional relationships with the investment community, dealer counterparties, central banks and other professionals operating in financial markets, by providing responses to information requests, representing the Bank.
• Support the onboarding of new counterparties by providing input in approval request note.
BUSINESSS CONTINUITY:
• Execute foreign exchange transactions in the absence of the foreign exchange trader.
Selection Criteria
- Knowledge and understanding of financial instruments, particularly money market products and risk management concepts
- Bachelor’s Degree or its equivalent in Finance or other related disciplines
- Relevant professional certification such as Chartered Financial Analyst (CFA) or ICMA is a plus
- Minimum of six(6) years of relevant practical working experience in the finance sector.
- Knowledge and practical experience in bilateral and triparty repos is a plus
How to Apply For African Development Bank Job Vacancies
Submit your CV and Application on Company Website : Click Here
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