African Development Bank Principal 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

Under
the general supervision of Manager OFSD.1 the Principal Investment Officer will
perform the following duties and responsibilities.
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 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 six (6) years of relevant professional experience;
Demonstrated
a 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 prepare reports and documents. Capacity to present and defend the
consistency of proposed programs and projects. Capacity to work within
specified time limits.
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.
Excellent
communication skills to support and guide more junior.