REQUEST FOR EXPRESSIONS OF INTEREST

FOR AN INDIVIDUAL CONSULTANT / SENIOR CONSULTANT

AFRICAN DEVELOPMENT BANK

CCIA 25th Floor

Avenue Jean-Paul II, 01 BP 1387, Abidjan, Côte d’Ivoire

Treasury Department, Investment & Trading Division

Title of the assignment : Senior Consultant for Treasury Investment & Trading

Brief description of the Assignment : Assist with Treasury investment activities

Department issuing the request : Treasury Department

Place of assignment : Work from home

Duration of the assignment : 6 months

Tentative Date of commencement : 01 May 2021

Deadline for applications : 02 April 2021

Applications to be submitted to : [email protected]

Any questions and requests for clarifications may be sent to : [email protected]

Terms of Reference for : Senior consultant for Treasury Investments & Trading

  1. Introduction / Background :

Established in 1964, the African Development Bank (AfDB) is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 82 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 (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro -business, industrialization, regional integration and improving the quality of life for the people of Africa.

The key responsibility of the Investment & Trading Room Division (FITR3) is the management of all the Bank Group’s Treasury assets with the objective of capital preservation, liquidity maintenance and profitability in accordance with the Asset-Liability Management (ALM) Guidelines. Total treasury assets managed for the Bank Group entities averaged over UA 17 billion in 2020. The division is also responsible for the execution of foreign exchange transactions for loan repayments and disbursements and for ALM purposes, and the management of the European Commercial Paper (ECP) programme.

  1. Objectives of the Assignment :

The Treasury Department is looking for a senior-level consultant that will be responsible for assisting in a series of key assignments. The consultant will work under the guidance of the Division Manager.

  1. Main activities and deliverables :

The assignments are of the following nature :

  • Develop analytical tools/models for the division ;
  • Develop and upgrade existing tools including spreadsheets for monitoring investment portfolios ;
  • Assist with project management for the Division, including a new Portfolio Management System ;
  • Assist with the specifications & implementation of Front-Office performance attribution/contribution reports and value-at-risk reports ;
  • Assess, monitor and reconcile performance reports and value-at-risk reports produced by other Divisions ;
  • Develop and upgrade interface tools (ETL) between the Bank’s infrastructure (Summit, SAP, …) and other repositories in the Division, including Bloomberg PORT ;
  • Develop and upgrade the collection and the storage of historical performance, portfolio data, and instrument characteristics ;
  • Any other tasks as per the Division’s work program.
  1. Administration/reporting :

The consultant will report to the Division Manager.

  1. Duration of the assignment :

The estimated duration of services is six (6) months.

  1. Qualifications and Experience required :

The consultant should possess strong quantitative analytical skills, be well versed in analytical techniques and should be committed to the social and economic development of countries in Africa.

Eligibility criteria for the recruitment are :

  • Be a national of one of the member countries of the Bank ;
  • Either :
  • A Master’s degree or equivalent and at least five (5) years’ experience in the area of expertise of the assignment ;
  • Or a Bachelor’s degree and at least ten (10) years’ experience in the area of expertise of the assignment ;
  • Strong knowledge and understanding of financial instruments, particularly bonds, structured products, derivatives and risk management concepts ;
  • Strong quantitative analysis skills ;
  • Proven project management skills ;
  • Professional experience with some of the leading investment banks, hedge funds or asset managers in a front office quantitative function is highly desirable ;
  • Integrity and ability to work in team ;
  • Proficiency in Excel VBA, SQL, and Bloomberg API is a must ;
  • Proficiency in C++, python is a plus ;
  • Competence in trading and booking systems such as Bloomberg, Summit is a plus ;
  • Good listener with demonstrated ability to present and win support for ideas as well as make effective and timely decisions ;
  • The successful candidate should be methodical, analytical and someone who pays attention to detail ;
  • Ability to work independently and be creative and innovative; and
  • Proficiency in English and/or French, with a working knowledge of the other language.
  1. Remuneration :

Remuneration of the consultant will be a function of the consultant’s experience in accordance with procurement guidelines.

Please attach an updated Curriculum vitae on the basis of the template attached.

MODEL CURRICULUM VITAE – AFDB BAD PDF