Recrutement d’un consultant individuel, spécialiste opération des marchés de capitaux, Côte d’Ivoire

AFRICAN DEVELOPMENT BANK GROUP

Financial Sector Development Department (PIFD)

REQUEST FOR EXPRESSION OF INTEREST INDIVIDUAL CONSULTANT – CAPITAL MARKETS OPERATIONS SPECIALIST

1. We have the pleasure to inform you that the Capital Markets Development Division of the Financial Sector Development Department of the African Development Bank (“AfDB” or the “Bank”) will require the Services of a Capital Markets Operations Specialist hereafter the ‘Consultant” to support in the design, implementation and supervision of ongoing Technical Assistance (TA) operations as well as other projects and initiatives of the Division’s growing business operations and activities in Africa.

2. The estimated duration of services is six (6) months and the estimated starting date is April 16, 2021.

3. Appendix 1 contains the Terms of Reference (TOR) indicating the scope of the assignment to be undertaken as well as the services required from the selected Consultant. Should you be interested, you are kindly requested to comment on the TOR (in no more than 2-pages) for the proposed assignment, present your practical experience and updated Curriculum Vitae.

4. The eligibility criteria, the establishment of a short list and the selection procedure shall be in conformity with the Bank’s Rules and Procedure for Acquisition of Consulting Services funded by the Administrative or Capital Expenditure Budget. 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. The proposals to be submitted by the consultants shall be evaluated on the basis of the following criteria:

General qualification and suitability for the task to be performed : 30 points

Experience in the specific assignment described in the TOR : 45 points

Experience with international donor agencies : 15 points

Language capacity : 5 points

Knowledge of the Africa region : 5 points.

5. A shortlist will be established at the end the request for expressions of interest. Only the proposals scoring 70 points or above shall be considered for this assignment. All the consultants shall be ranked, and the highest ranked consultant will be selected for the said assignment if his/her fees are within budget limits ;

6. The consultant shall bear all his/her insurance and medical costs for the duration of his/her services ;

7. The consultant shall take steps to obtain the visas or certificates of residence required to perform his/her duties and fulfill his/her obligations under this contract. The Bank will assist the consultant in these tasks whenever necessary ;

8. Interested Individual Consultants may obtain further information at the email address below during the Bank’s working hours: from 09 :00 to 17 :00 hours (Abidjan Time) ;

9. You are kindly requested to submit your proposal in writing by March 22, 2021 before 17:00 (Abidjan time) to the addressee mentioned in paragraph 10 below clearly mentioning : ‘Individual Consultant – Capital Markets Operations Specialist’ ;

10. Kindly submit your proposal as indicated for the submission of proposals before the specified closing date above. Any proposal received after the closing date shall be rejected. Your proposal should be submitted (emailed) at the following address :

11. The AfDB looks forward to receiving your proposal and thanks you in advance for your consideration of this request for expression of interest.

APPENDIX 1

TERMS OF REFERENCE (TOR)

1. INTRODUCTION :

The Capital Markets Development Division of the Financial Sector Development Department of the African Development Bank will require the Services of a Capital Market

Operations Specialist (hereinafter “the Consultant) to support in the design, implementation and supervision of ongoing technical assistance operations as well as other projects and initiatives of the Division’s growing business operations and activities. The proposed assignment is for an estimated period of six (6) months and the Consultant will be based in the Bank’s Headquarters in Abidjan – Cote d’Ivoire.

2. BACKGROUND :

Over the last decade, AfDB has been a main contributor to the Financial Sector Development (FSD) agenda in Africa, using a mix of resources and instruments. However, its role becomes even more crucial as to help Regional Member Countries (RMCs) navigate the ensuing complex financial sector development landscape going forward. In particular, RMCs face the challenge of developing vibrant, robust financial systems with effectively functioning capital markets and improved access to financial services.

The Long-Term Strategy (2013-2022) of the Bank provides a vision of how the Bank will build on its solid achievement to better support Africa’s transformation at a time of great change and promise. The Financial Sector Development Policy and Strategy, which was approved by the Board in October 2014, has two primary objectives: increased access to financial services and broadening and deepening Africa’s financial systems; thereby facilitating increased private sector credit to key development sectors, for both short-term and long-term financing.

The Financial Sector Development Department comprises: (i) Financial Intermediation and Inclusion Division; (ii) Capital Markets Development Division; and (iii) Trade Finance Division.

3. OBJECTIVES :

Under the overall supervision and guidance of the Capital Markets Development Division Manager, the Consultant will work with the Bank’s Capital Markets Development Division to undertake a full range of duties and responsibilities related to design, implementation, monitoring and supervision of technical assistance operations as well as other lending and non-lending operations and activities of the Division aimed at developing solid and vibrant capital markets in RMCs.

4. TASKS TO BE PERFORMED :

The consultant’s primary responsibilities will be to perform the following tasks :

• Support design, implementation, monitoring and supervision activities, in particular related to Technical Assistance (TA) and non-lending activities of the Division. This includes but is not limited to working with clients / TA beneficiaries on non-lending project execution, procurement activities, progress reports preparation, disbursements completion and evaluation ;
• Support in data collection and analysis, research and literature reviews, editorial and presentations, establishment, operationalization, implementation of capital markets related projects, initiatives and programs including but not limited to ONE4A and African Corporate Bond Program ;
• Support the team in originating new transactions to be considered under but not limited to ONE4A and African Corporate Bond Program ;
• Carry out collection, analyses and processing of supervision data, and procurement data of active projects in the portfolio with particular focus on reporting on the performance of active projects and giving special attention to projects at risk ;
• Support in the delivery of lending and other activities, initiatives or programs of the Division aimed at promoting development of robust capital markets in RMCs ;
• Establish working relationships and engage different ecosystem stakeholder, subject matter experts and other critical resources during the process of supervision activities. These include but is not limited to procurement, financial management, disbursement and trust fund coordinator (s) and other ecosystem experts ;
• Monitor continuously and/or frequently the portfolio assigned by the Division manager ;
• Contribute to the preparation of monthly, quarterly, annual and ad hoc reports on the management and performance of the assigned portfolio inclusive but not limited to loan/grant effectiveness, supervision rating, disbursement trends, loan cancellation, status of project audits and, status of Project Completion Reports ;
• Provide support or inputs to reports on the compliance of the Borrower with the Bank’s General Conditions and covenants applicable to loans and grants ;
• Assist in ensuring that all reports and activities comply with Bank requirements in terms of Rules, Policies and Presidential Directives that eliminate any audit finding pertaining to tasks ;
• Provide support specifically for the preparation, screening, processing and delivery of priority projects facilitating access to capital markets for the Bank’s clients ;
• Support in the preparation of project preliminary evaluation notes, concept note and project appraisal reports for presentation to various review committees of the Bank ;
• Providing direct and indirect operational support that contribute to the Country or Regional output and mandate ;
• Develop relationships within the Bank and with other partner institutions involved in the promotion of capital markets in RMCs ;
• Contribute to knowledge generation and dissemination of knowledge products through various communication channels ;
• Support other assigned ad hoc tasks related to the Division’s growing activities and operations.

This assignment is NOT limited to the above listed responsibilities, and the Consultant may be requested to perform other relevant duties as required by business needs.

5. SCHEDULE OF ACTIVITIES/TASKS :

The proposed assignment is for an estimated period of six (6) month(s).

6. CONSULTANT PROFILE : 

• Advanced degree at Masters level in project management, economics, business administration, finance, law or any other relevant discipline ;
• At least seven (7) years of relevant experience involving lending or investment and non-lending operations or activities aimed at capital market development ;
• Comprehensive understanding of projects structures, including project planning, project monitoring, risk management, lessons learned & critical success factors, policies, procedures and practices of other similar institutions ;
• He/she will have proven analytical capacity and relevant experience in the interface of finance; ideally the Consultant will have professional experience in financial markets products and instruments, institutions, financial markets infrastructure and ecosystem ;
• Knowledge and experience in international development and public policy, with public and private sector versatility in the financial sector would be highly desirable ;
• Good understanding of capital markets including experience working and interacting with equity or bond markets in RMCs or capital market operators / stakeholders ;
• Understanding of the elements essential for the effective delivery and measurement of development impacts throughout project and program implementation life cycle ;
• The ideal candidate should also have strong technical expertise, such as in financial markets, banking, financial regulation and supervision, corporate finance, etc.;
• Good understanding of the organization’s systems and capabilities; ability to analyze business operations to understand possible strengths and weaknesses that facilitate informed decision making ;
• Project management – competency in project cycle management ;
• Proficiency in English and/or French (spoken and written) is essential including the ability to draft at a professional level in this language ;
• Ability to work effectively as a member of a team, and independently with appropriate guidance ;
• Command of standard computer software applications; proficiency in the use of MS Office applications (Word, Excel, and PowerPoint) and financial market software and data platforms.

7. CONSULTANCY SERVICES CONTRACT :

A consultancy service contract will be signed with the Bank.