Chief Financial Market Officer needed at AfDB
jobs in Nigeria
The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund.
Job Title: Chief Financial Markets Officer
Administration, Secretarial, Sales, Marketing
The primary role of the Financial Sector Development Department, OFSD is to help the regional member countries, RMCs increase reach e.g. financial inclusion, depth e.g. financial intermediation, and breadth of financial systems e.g. capital market, cross-border development. The mission of the Department has four long-term objectives:
development of a vibrant private sector through an inclusive access by households and enterprises to financial services
strengthening markets participants
developing efficient capital markets,
deepening regional financial integration.
Duties and Responsibilities
Maintain a thorough understanding of African’s financial transactions in markets, provide market intelligence and analysis and develop strong business networks;
Build and maintain strong relationships with clients, global and regional private businesses, banking and multilateral partners and government officials to further develop the sector and to develop specific investment opportunities;
Develop a strong pipeline of good quality Financial Markets investment opportunities;
Lead and manage transactions. This involves leading project identification and appraisal missions of both lending and non-lending programs such as guarantee programs and/or advisory business development. Undertake the preliminary evaluation of project proposals to assess their feasibility for financial assistance and/or technical support by the Bank. This involves leading and coordinating the initial screening of project applications, carrying out of desk reviews, preparing preliminary evaluation notes for presentation to the Department Management Team to determine a project’s suitability for inclusion in the pipeline or project concept notes for public sector projects; and the preparation of project appraisal reports for presentation to the Department, the various review committees and finally to the Board of Directors;
Evaluate, oversee structure, negotiate, and close new transaction;
Lead the development of innovative and appropriate financial structures for complex transactions;
Coordinate closely with social environmental, and technical assistance colleagues in order to add value to our clients’ businesses, find pragmatic solutions to the specific sector challenges, and achieve sustainable development impact;
Assist in integrity due diligence for potential clients;
Advising on developing and promoting new financial markets products.
At least a Master’s or its equivalent in Development Economics, or any other discipline that is relevant to the operations of the Bank; strong knowledge of socio-economic development issues and policies of African countries.
Preferably a minimum of 8 years of relevant professional experience;
Experience in finance with a proven track record of financial market transaction sourcing, project management and closing sound investments, and with experience in credit finance across all aspects of a Bank-financed transaction, including
Outstanding knowledge of RMCs, the capacity for conceptual and strategic analysis, and perfect command of financial markets issues so as to be able to analyse and evaluate financial markets division projects critically and exhaustively.
Strong interpersonal skills and ability to interact directly and independently with senior management of potential clients, financial and technical partners, and government officials, and colleagues from various cultural backgrounds.
A successful track record in leading the above type of project finance transactions would be highly desirable