Job
Description
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
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 national financial systems.
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 national financial systems.
Duties and responsibilities
The
Principal Financial Markets Officer will work under the guidance and
supervision of the Division Manager.
Her/His duties and responsibilities will include:
Principal Financial Markets Officer will work under the guidance and
supervision of the Division Manager.
Her/His duties and responsibilities will include:
- Participating
in or leading the preliminary evaluation of both lending and non-lending
projects. This involves the initial screening of project applications,
carrying out of desk reviews and evaluation of feasibility studies,
preparing preliminary evaluation notes for presentation to the Department
Management Team and more detailed project concept notes to obtain concept
clearance for full appraisal or fact-finding missions; - Participating
in or 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; - Preparing
or 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 development; represent the Bank at and participate in
seminars, workshops and conferences dealing with financial markets issues; - Playing
an active role in coaching and mentoring more junior investment officers; - 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 and government
officials to further develop the sector and to develop specific investment
opportunities.
Selection Criteria
Including
desirable skills, knowledge and experience
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 six (6) years of relevant professional experience;
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 six (6) years of relevant professional experience;
- Demonstrated
good knowledge of the operational policies, procedures and practices of
major bilateral and multilateral development agencies; - Good
operation experience in the Bank, with broad skills in operations
evaluations, stakeholder engagement, and with strong analytical skills in
assessment of institutional capacities and projects implementation; - Excellent
organizational, analytical, coordination and communication skills; - Integrity,
and ability to work under pressure and to deliver timely quality
services; - Ability
to work accurately, methodically and to meet deadlines; - Ability
to work independently or within team; demonstrated mature sense of
judgment; - Ability
to work and cooperate with others from diverse backgrounds; - Excellent
written and verbal communication skills in English and/or French, and
preferably with a working knowledge of the other language; - Competence
in the use of Bank standard softwares (word, Excel, Access and Power
point).
How
to Apply
to Apply
Submit
your CV and Application online : Click Here
your CV and Application online : Click Here