African Development Bank Chief Financial Markets Officer Job Vacancy In Ghana

Job
Description

Objectives

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: (i) development of a vibrant private sector through an
inclusive access by households and enterprises to financial services; (ii)
strengthening markets participants; (iii) developing efficient capital markets,
and (iv) deepening regional financial integration.

The
Financial Markets Division (OFSD3) of OFSD will focus on projects aiming to
create more efficient financial markets and institutions capable of mobilizing
domestic savings and allocating scarce capital. Because investment finance
provided by the development community supplies only a minute fraction of the
capital used by private agents across Africa, OFSD3 will endeavor to channel
the Bank Group’s resources in ways that develop Africa’s financial markets.

Duties and responsibilities

The
Chief Financial Markets Officer will work under the guidance and supervision of
the Division Manager.
Her/His duties and responsibilities will include:

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.

Selection Criteria

Including
desirable skills, knowledge and experience

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 eight (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 1) credit analysis, 2) assets evaluation, 3)
relationship management, 4) origination, 5) execution 6) negotiation.
A
command of financial markets instruments. With strong financial and credit
skills.
The
ability to engage in a broad range of financial policy issues including:
a) Financial sector policy and regulation, b) Banking, c) Capital markets,
d) Insurance, e) Investments/equity funds, f) financial aspects of PPPs,
g) SME finance, and h) Trade Finance.
A
capacity to advise Bank’s Organizational Units and external stakeholders
on financial markets issues.
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,