Investment Assistant Job at African Development Bank

• Position title: Investment Assistant
• Grade: GS-8
• Position N°: NA
• Reference: ADB/14/063
• Publication date: 12/11/2014
• Closing date: 26/11/2014

Objectives

The role of the Capital Markets and Financial Operations Division (FTRY.1) is to: (1) Raise resources in a cost effective manner from the capital markets; (2) Contribute to the Capital increases process and administer the subscriptions of shareholders to the capital of the African Development Bank; and (3) Contribute to the ADF replenishment negotiations and administer the subscriptions of donors to the African Development Fund and Multilateral Debt Relief Initiative. The division is also responsible for the preparation of the Bank's annual financial presentation, contributing to the rating review process, managing the download and publication of the UA exchange rates and the administrative hedge of the Bank's budget.

Duties and responsibilities

Under the supervision of the Division Manager, the incumbent will :

1. Assist in the management of subscriptions to the Multilateral Debt Relief Initiative (MDRI):

• Prepare letter requesting /acknowledging receipt of Ioc, payments and encashment
• Monitor,process and record instrument of commitments (Iocs) received, payments and encashments
• Prepare and update payment schedules/encashment schedules
• Prepare accelerated encashment scenario
• Update reports on the status of subscriptions, payment and encashment
• File electronically   and in hard copies all MDRI related information
• Participate in the design of the subscription system.

2. Assist in the management of subscriptions to the African Development Fond/African Development Bank:

• Record instrument of subscriptions received
• Prepare letter acknowledging receipt/requesting Instrument of subscriptions, payments and encashrnent
• Monitor, process and record payments and encashments received
• Prepare and update encashrnent calendar
• Prepare accelerated encashrnent scenario
• Update reports on the status of subscriptions, payment and encashment
• File electronically and in hard copies all ADF related information
• Prepare the "Statement of Voting Powers" Board document
• Assist in the launching of the Share transfer rules exercise
• Prepare audit report
• Operate and update subscription  system to ensure the completeness and integrity of  data
• Prepare Briefs on subscriptions
• Answer questions raised by auditors related to subscriptions
• Prepare scenarios for ADF replenishrnents /ADB capital increases
• Participate in the design of the subscription system
• Monitor shareholders' ratings and prepare the monthly callable capital report
• Contribute to the preparation of financial note for new members
• Maintain and update all the relevant data bases

3. Assist in borrowing related activities:

• Prepare the daily and weekly market monitor using Bloomberg and market data
• Contribute to the preparation of the Asset-Liability Management Committee (ALCO) and Board reports.
• Follow up on and ensure that documentation is processed fully and timely for each trade, including trade tickets and pricing supplements.
• Monitor calls on borrowing, and ensure timely management of calls.
• File electronically (network and DARMS) ad in hard copy all borrowing related records.
• Update the borrowing data base and prepare league tables.
• Maintain data base of investors.
• Ensure that the Bank rules and procedures are strictly followed (ALM guidelines, financial regulation) and that a procedure manual is maintained.
• Update and maintain the consent data base.
• Assist in clients documentation queries.

4. Ensure that all documents are properly filed both in the network, physical files and DARMS. Ensure that the network, DARMS and files are updated and well organized.
5. Prepare PowerPoint presentations including for the Financial Presentation and Investor presentation Prepare periodic reports and data as required by the Division Manager and/or Director Treasury and perform any  other  activities  assigned  from time  to time  as related  to this  function  including  the  downloading  and publishing of the Bank's exchange rates and the preparation of PowerPoint presentations.

Selection Criteria

Including desirable skills, knowledge and experience

(including requisite skills, knowledge and experience)

• At least a Bachelor’s degree or equivalent qualification in Business administration, Finance, Economics or other related fields.

• Preferably a minimum of six (6) years of relevant professional practice.
• Knowledge of basic finance (Bonds, Swaps, Time value of money).
• Excellent oral and written communication skills in English or French, with practical knowledge of the other language.
• Excellent skills in providing services to clients and capacity to work as part of a team.

Competence in the use of Bank standard software (Word, Excel, Access and PowerPoint). Excellent knowledge of Excel (organization of data with Excel data base, Pivot tables) and PowerPoint will be desirable.

Apply online

Apply for this position 

To apply for this position, you need to be national of one of AfDB member countries.

• Submitted by: Division Manager, CHRM.1
• Approved by: Director, CHRM

Only applicants who fully meet the Bank's requirements and are being considered for interview will be contacted. Applicants will only be considered if they submit an online application, and attach a comprehensive Curriculum Vitae (CV). The AfDB President reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply: www.afdb.org/jobs