Recrutement d’un consultant junior en risques, Abidjan, Cote d’Ivoire

REQUEST FOR EXPRESSION OF INTEREST

Individual Consultant

African Development Bank Headquarters-Abidjan (Cote d’Ivoire)

Avenue Joseph Anoma 01 BP. 1387, Abidjan 01 Cote d’Ivoire

Title of the Assignment: Junior Risk Consultant

Brief Description:

To carry out its mandate related to Market risk and Counterparty Credit Risk on Market Operations, Treasury Risk Division is seeking two proactive, highly motivated Junior consultants, Treasury Middle Office, to provide functional oversight for the unit. The Junior consultant will collaborate closely with colleagues in Treasury, Treasury Risk, AfDB Controller’s and Information and Technology Solutions, and other units to ensure goals are aligned, clients needs are met, and that internal daily processes work effectively. He/she will be based in Abidjan, report directly to the Market Risk and/or Counterparty Credit Risk Principal Treasury Risk Officer.

Department issuing the request: FIFM

Number of of Consultants: Two (2)

Place of Assignment: HQ, Abidjan, Cote d’Ivoire

Duration of the Assignment: 6 months

Tentative Date of Commencement: 15 August 2021

Deadline for Applications: 06 August 2021

Applications to be submitted to: [email protected]; [email protected] ;   t.noundou@afdb.org ; [email protected]; [email protected]

Please submit your proposal including Curriculum Vitae on the basis of the template attached. 

Thank you.

Key Qualifications:

Please provide (i) a summary of your experience and training highlighting the most relevant for the proposed assignment, and (ii) the responsibilities which you exercised. Utilize one half-page maximum.

Education (University Level and above only)

Name of University – City – Country

Period

Diploma Obtained

Main Topic / Major

Professional Training:

Name      of       Training

Institution-       City       –

Country

Type of Training

Period

Certificates or Diploma Obtained

Employment Record:

Begin with your most recent employment.  For each job since your Master Degree achievement, please indicate:

• Name of the Employer ;
• Type of Activity/Business of the Employer ;
• Title / Function ;
• Place of Employment ;
• Brief Description (three lines maximum) of main accomplishments and responsibilities.

Reference:

Please indicate the name and address of three persons with no family relationship with yourself, familiar with your character and titles.

I hereby certify that the responses which I provided above are all, to the best of my knowledge, true, complete and accurate. I acknowledge that an inaccurate statement or essential omission in a personal declaration or another document required by the African Development Bank might result in the rejection of my application, termination of my Contract or any other administrative sanction by the Bank. The African Development Bank may verify any statements which I made in this application.

Date: ____________

Signature :

TERMS OF REFERENCE FOR THE HIRING OF JUNIOR RISK CONSULTANT

Introduction

The African Development Bank (AfDB) is the premier multi-lateral development finance institution fostering Africa’s economic growth and social progress. The AfDB’s primary goal is to reduce poverty and improve living standards by mobilizing resources in and outside Africa, and providing financial and technical assistance for development projects and programs in Africa.

The role of the Financial Management Department is to safeguard and improve the Bank Group’s risk bearing capacity while seeking ways to improve its efficient use for the benefit of clients, shareholders and staff. The role of the Treasury Risk Management Division (FIFM2) is to measure, monitor and report on the Bank Group’s treasury activities.

Henceforth, FIFM is often required to provide quality information on Treasury activities (Valuation and performance analysis, Counterparty exposure reports) for managerial and policy-making decision.

The Financial Management Department (FIFM) within the African Development Bank is looking for a qualified consultant to support the implementation of the transition from IBORs Rates.

Background

In an ever-changing financial landscape, the role of the treasury risk division has never been more critical. A robust risk management culture helps to reinforce African Development Bank’s (AfDB) resilience. The function identifies, aggregates, manages and mitigates risk across the core activities of market risk management and credit risk management, supporting the bank’s Treasury activities.

Duties and Responsabilities

The Consultant will work under the guidance of the Principal Treasury Risk Officer.

The Consultant will need to understand the AfDB Group, its strategy, achievements and how the financial management department facilitates the Bank Group’s mission. He/she will also have an in-knowledge of fixed income financial instruments and portfolio management in the context of treasury investments.

The Junior Consultant’s primary responsibilities will include, but not be limited to the following duties and responsibilities:

Take part in the implementation and development of the new Treasury Valuation and Analytics support, Middle Office functions, ensuring that services and activities are integrated and that processes are properly controlled.

Under the principal treasury risk officer supervision :

• Take part on all valuation requirements such as:
• Valuation and Pricing Calculation;
• Bond Price Verification;
• Leveling;
• Market Data and Static Data Maintenance;
• Valuation reconciliation,
• liaise with auditors as required.

Take part in all performance and Risk Reporting requirements such as:

• Daily and monthly performance;
• Monthly Liabilities Reporting;
• NAV and P&L verification;
• Compliance and trade support;
• Benchmark Maintenance Static Data Maintenance.
• Contribute to the counterparty risk management framework:
• Confirm breaches before external notification,
• perform checks on ratings (securities and counterparties)
• Check collateral eligibility.
• Assist with exposure reporting.
• Provide ad hoc analyses.
• Help develop, plan and execute the Treasury Risk Division strategy for supporting AfDB Treasury’s operations and business growth within the control framework.
• Contribute to the design of systems and controls in support of division’s mandates and activities; perform regular gap analysis for opportunities for straight-through-processing, process improvements, cost-effectiveness, and reducing operational risk.
• Monitor operational performance and optimize delivery models to allow greater efficiency and effectiveness.
• Any other tasks as per the Division’s work program

Requirements

• Advanced degree (e.g., MBA, MSc) in Finance and substantial professional experience in Risk management, Middle Office or Front Office (typically the successful candidate will have at least 3 years of experience in positions of increasing complexity and responsibility) in derivatives and cash instruments;
• Professional experience with some of the leading investment banks is highly desirable;
• A reliable team player with the motivation to work in a dynamic, international, and diverse environment.
• A committed and motivated individual for self-development and growth.
• Ability to work independently and be creative and innovative;
• Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint)
• Experience in using Treasury systems such as Summit, Bloomberg, Reuters, Numerix , as well as a knowledge programming or database languages like Excel VBA, SQL, R, Python or C++ would be an advantage
• Must have the nation the nationality of a Bank Member Country;
• Must hav a minimum of 2 and maximum 4 years relevant experience;
• Must be less than 32 years age;
• Proficiency in English and/or French, preferably with a working knowledge of the other language.