Division Manager (Financial Institutions Division)
- Grade: PL-2
- Position N°: NA
- Reference: ADB/11/016
- Publication date: 22/02/2011
- Closing date: 25/03/2011
Objectives
The Private Sector and Microfinance Department is responsible for all private sector operations falling within the umbrella of the Bank Group’s private sector development strategy. The department plans, organizes and carries out the activities related to private sector project identification, preparation, appraisal, implementation and portfolio management. The department provides financial and technical assistance for private sector projects and programs. It also supports the Bank’s diagnostic and enabling environment reform programs to improve the investment climate in Africa.
The Financial Institutions (OPSM4) is responsible for originating all financial sector operations without a sovereign guarantee for the purpose of financial sector development and enhancing access to finance (including MSME’s). This includes non-sovereign projects in all financial institutions including commercial and development banks, leasing, mortgage and other financial intermediaries including microfinance and trade finance and contributes generally to financial sector development. The division leads project teams that identify, appraise and process financial sector projects until first disbursement, at which point primary responsibility is passed to the portfolio management division. The division also implements technical assistance programmes in these areas.
Duties and responsibilities
Under the supervision of the Department Director, the Manager of OPSM4 is responsible for overseeing the origination of private sector operations in the financial sector. In this capacity, the Manager will:
- Plan and coordinate conferences and missions to promote the Bank’s non-sovereign financial sector operations and to identify potential operations.
- Plan and coordinate the preparation of preliminary evaluation notes on new projects for submission to the Department Management Team.
- Plan and coordinate the establishment of project appraisal teams for projects that have been cleared for inclusion in the pipeline.
- Plan and coordinate the preparation of project concept notes and their submission to the appropriate country teams and the operations committee for review.
- Plan and coordinate due diligence missions for projects cleared for appraisal.
- Plan and coordinate the preparation of project appraisal reports and their submission to the appropriate country teams and the operations committee (or the vice president) for review and clearance.
- Plan and coordinate the submission of project appraisal reports to the Board of Directors for approval including consultation with Executive Directors, the preparation of Q&A notes, and attendance at the Board meetings.
- Plan and coordinate negotiations with client and the preparation of final project documentation for signature.
- Plan and coordinate the clearance of conditions precedent and the submission of documents to ensure effective disbursement of committed projects.
- Regularly update the annual project processing schedule and participate in the weekly PSO coordination meeting.
- Develop and maintain relations with counterparts at other DFIs.
- Ensure the effective implementation of internal process controls for all private sector projects.
- Contribute to the improvement/fine-tuning of the strategy of the Private Sector
- Plan and coordinate the preparation and utilization of the budget for the division.
- Undertake annual performance evaluations of all staff in the division.
- Oversee the recruitment of new staff for the division.
Selection Criteria
Including desirable skills, knowledge and experience
- At least a Master’s degree (or its university equivalent) in Business, Finance or Economics;
- Preferably a minimum of 8 years of relevant professional experience in the Bank or a similar institution and/or investment or commercial banking, with focus on financial sector transactions;
- Demonstrate strong knowledge of the African region with special attention to financial sector development issues and programs
- Comprehensive state-of-the-art understanding of investment and portfolio management techniques and familiarity with relevant strategies, policies, procedures and practices of other similar institutions;
- Client and results oriented individual, with strong analytical and communication (both verbally and in writing) skills, sense of accuracy and attention to detail;
- Ability to deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues;
- Strong leadership and coaching skills, with a proven track record of working in teams and creating an empowering and self-development oriented work environment;
- Ability to build partnership and deliver results that meet the needs and long term interest of clients and the Bank;
- Demonstrate ability to take prudent risks and make effective and timely decisions;
- Ability to communicate and write effectively in English and/or French, with a good working knowledge of the other language; on top of the aforementioned language requirements, command of Arabic and Portuguese (both verbal and in writing) would be an advantage;
- Competence in the use of Bank standard software (Word, Excel, Access, PowerPoint) and preferably including SAP and OCS.
Document download
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To apply for this position, you need to be national of one of AfDB member countries.
- Submitted by: Mohamed M. YOUSSOUF
- Approved by: Gemina ARCHER-DAVIES
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
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