Avis d’appel d’offre pour l’examen de la conformité de la trésorerie et de la documentation des dérivés, Côte d’Ivoire

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REQUEST FOR EXPRESSIONS OF INTEREST

AFRICAN DEVELOPMENT BANK

01 BP 1387 Abidjan 01,

Côte d’Ivoire

Treasury Department – Treasury Operations

E-mail : [email protected] Telephone : +225 27 20 26 25 68         Fax : 225 27 20 24 2070

1. The African Development Bank hereby invites Individual Consultants to indicate their interest in the following Assignment : Treasury compliance and derivative documentations review ; 

2. The services to be provided under the Assignment include : The implementation of the Bank Group policies related to Know Your Customer (KYC), Anti Money Laundering (AML), Foreign Account Tax Compliance Act (FATCA), USA PATRIOT Act laws and Office of Assets Control (OFAC) or any other regulatory policies that may affect the Treasury Operations. The review of borrowing documentations and the process of derivative contracts to ensure compliance with the Bank’s Asset and Liability Management (ALM) guidelines.

The key activities are as follows : Anti-Money Laundering and Compliance

• Liaise with the Legal, Integrity and Anticorruption departments to prepare standard responses to recurrent AML/KYC queries to be used by the treasury department ;
• Review and respond to all queries related to AML/KYC in coordination with legal, integrity and anticorruption and ethic departments ;
• Stay current with money laundering and terrorist financing behaviours, issues, policies, regulations, criminal typologies, industry best practices, and developing trends ;
• Investigate and assess alerts relating to potential money laundering risks in the organization ;
• Ensure efficient identification and monitoring of activities and transactions considered suspicious ;
• Ensure timely and efficient reporting of transactions considered suspicious ;
• Daily assessment of SWIFT and AML reports relating to potential suspicious activity ;
• Help in identifying potential weaknesses in processes, analyze the roots ;
• Act as a subject matter expert to employees, providing guidance on what actions to take in dealing with high risk accounts ;
• Assist with addressing queries from corresponding banks relating to money laundering matters ;
• Conduct proper investigation of money laundering alerts or transactions considered suspicious ;
• Help with AML compliance training on how to identify and report suspicious transactions ;
• Collect documentary proof and build and maintain case files for transactions deemed suspicious ;
• Arrange weekly, bi-weekly, monthly, quarterly, and annual reports ;
• Ensure proper record-keeping of data collected and analyzed.

Review of borrowing documentations :

• Review borrowing documentations in coordination with Legal and Financial risk departments and ensure compliance with the ALM guidelines and the Treasury open mandate’s terms ;
• Ensure that a confirmation is received for each derivatives transaction on a timely basis ;
• Verify the accuracy of the borrowing and derivative contracts against trade tickets and transaction’s final terms sheets. Report discrepancies to the traders or counterparties for regularization ;
• Monitor and manage discussions between the Bank’s Legal department, Treasury Risk management’s division, Operations (Private and Public sectors), Accounting department and counterparties to achieve agreement on the financial and legal terms of the confirmation ;
• Ensure, after  Legal’s  clearance,  that  confirmations  are  signed  by  the  authorized  signatory  (The Treasurer), archived and subsequently forwarded to the counterparty ;
• Maintain an adequate record of the status of all confirmations.

Implement the sanction filtering and SWIFT KYC registry applications

• Work with the IT, the Legal, Integrity and anticorruption departments to implement sanction filtering IT system to be used for detecting from any entrance point potential suspicious vendor and payment on the sanction designated list or countries or the Bank own group sanction list ;
• Work with the IT team, the Legal, Integrity and anticorruption to implement Know Your Customer application (SWIFT KYC registry) that will enable the Bank exchange KYC information with correspondent banks on a secured and automated manner. This tool will enhance the Bank’s current paper-based procedure of bilateral exchanges of KYC data and reduce operational and reputational risks ;
• Work with the Legal, Integrity and anticorruption departments to investigate and assess alerts relating to potential money laundering risks in the organization ;
• Implement detailed research of client expected activity in order to monitor payment patterns or unusual movement ;
• Manage the queues for sanction and uncommon activity alerts everyday ;
• Confirm the suitable action is undertaken where a true positive match is recognized; sanction matches must be raised with the treasury management immediately ;
• Providing advice and training on anti-money laundering, sanctions and privacy matters including carrying out AML risk assessments ;
• Support with the provision of training and raising attentiveness of new staff members to their responsibilities.

3. Essential specialized skills/competences :

• The consultant shall be a professional of high repute, who has at least 10 years operational experience on anti-money laundering, counter terrorist financing and counter illicit financial flows ;
• He/she shall have a master’s degree in anti-corruption, compliance, law, public policy or related fields in the social sciences ;
• Professional certificate in compliance are an added advantage ;
• He/she shall have at least 10 years of work experience in areas of anti-money laundering, counter terrorist financing or combating illicit financial flows in international organizations, multi-lateral development banks, financial institutions and corporations or government institutions with thorough experience in :
• Integrity, prevention, investigation into money laundering, terrorist financing, illicit financial flows ;
• Combating money laundering, terrorist financing, illicit financial flows in operations of Multilateral Development Banks /Institutions, global banks or large financial institutions ;
• Reviewing ISDA/CSA and derivative transactions documentation ;
• He/she should be fluent in English or French with working knowledge in one of them.

4. The Treasury Operations Division invites Individual Consultants to indicate their interest in providing the above-described services. Interested Consultants shall provide information on their qualifications and experience demonstrating their ability to undertake this Assignment (documents, reference to similar services, experience in similar assignments, etc.) ;

6. The eligibility criteria, the establishment of a short list and the selection procedure shall be in conformity with the Bank’s Procurement Policy for the recruitment of Corporate Consultants ;
7. Please, note that interest expressed by a Consultant does not imply any obligation on the part of the Bank to include him/her in the shortlist ;
8. The estimated duration of services is twelve months and the estimated starting date is 14 April 2021 ;

8. The consultant will be based in Abidjan, Côte d’Ivoire, for the duration of the consulting period ;

9. Interested Individual Consultants may obtain further information at the address below during the Bank’s working hours: 09h00 – 17h00 ;

10. Expressions of interest must be received at the address below no later than 07 March 2021 at 24h00 local time and specifically mentioning “Treasury compliance and derivative documentations review”.

For the attention of :

Ms. Chieyum Mireille Kamga

African Development Bank

Treasury Department

01 BP 1387 Abidjan 01,

Côte d’Ivoire

Tel : +225 27 20 26 25 68 / +225 27 20 26 24 98

Email : [email protected]

ESTABLISHMENT OF THE SHORT LIST

11. A shortlist of three to six individual consultants will be established at the end the request of expressions of interest. The consultants on the shortlist will be judged on the following criteria on the basis of their updated resume.