African Development Bank Chief Investment 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 Institutions Division (OFSD1) of OFSD focuses on supporting FIs to
on-lend to infrastructure, agribusiness, women businesses, SMEs, etc. In
particular the Division: (1) engages in intermediation through FIs (primarily
commercial Banks as well as credit unions, savings banks, post offices, etc.);
(2) Conducts rigorous evaluations of FIs to extends support to enhance FIs
on-lending to SMEs; (3) Engages in dialogue with apex bodies and initiatives to
promote access to finance; (4) Supports equity investments in the FSD
ecosystem, and incubates work on remittances, collateral registries, credit
bureaus, etc.

Duties and responsibilities

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

Guiding
more junior staff in their work and act as Officer Staff in absence of the
Division Manager
Designing
specific innovative transactions, projects and initiatives that will
contribute to improved access to finance, market functioning and inclusive
growth
Leading
the preliminary evaluation of both lending and non-lending projects,
including screening of project applications, desk reviews and evaluation
of feasibility studies, preparing preliminary evaluation notes and more
detailed project concept notes to obtain concept clearance for full
appraisal or fact-finding missions;
Leading
the planning and execution of appraisal and fact-finding missions. This
includes developing terms of reference for the mission and for short-term
consultants to be engaged for the mission, coordinating the work of the
mission team which usually includes professional staff from other
departments within the Bank, and carrying out independent research. The
work also includes assessing the risks of projects and advising on
appropriate structure or conducting preliminary negotiations with
sponsors;
Leading
the preparation of project appraisal reports for presentation to the
Department, the various review committees and finally to the Board of
Directors. Develop innovative and appropriate financial structures for
complex transactions;
Ensuring
that all conditions precedent have been fulfilled on a timely basis and
all fees are billed and collected from clients;
Developing
relationships within the Bank and with other institutions involved in
financial markets and financial institutions; represent the Bank at and
participate in seminars, workshops and conferences dealing with access to
finance, financial markets, (M)SMEs;
Playing
an active role in coaching and mentoring more junior investment officers;
Lead
and or prepare technical assistance proposals with the aim to build
capacity of financial institutions or other market players involved in
enhancing the market supply and demand for credit. Ensure the approval,
disbursement and implementation of such TA projects are done successfully.
Coordinating
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;
Maintaining
knowledge of African financial markets/transaction structuring and provide
market intelligence;
Building
and maintaining strong relationships with clients, global and regional
private businesses, banking and multilateral partners to deepen the
financial sector and to develop specific investment opportunities.

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;

Demonstrated
good knowledge of RMCs or developing economies, the capacity of conceptual
and strategic analysis, and good command of undertaking comprehensive due
diligence including financial analysis of financial institutions, including
banks, non-bank financial institutions and private equity funds;
Demonstrated
good knowledge of applying a variety of financial intermediation
instruments such as debt, equity, guarantees, and other complex financial
deal structuring;
Ability
to identify possible shortcomings of client (financial) institutions and
to propose solutions, formulated through detailed technical assistance
proposals;
Capacity
to conduct independent research and analyses, identify problems, propose
solutions, and make recommendations to Management.
Capacity
to present and defend the consistency of proposed programs and projects.
Capacity to work within specified time limits;
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;
Excellent
communication and organizational skills to support and guide more junior
staff and to manage the division in absence of the substantive manager.