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Principal Quantitative Analyst Officer - Credit Risk Management Division

7:46:00 PM
  • Grade: PL-4
  • Position N°: NA
  • Reference: ADB/11/107
  • Publication date: 25/05/2011
  • Closing date: 17/06/2011

Objectives

  • Quantitative and qualitative credit risk analysis with a large involvement in financial analysis and the development of quantitative tools to apply to counterpart and transaction structure assessment
  • Development of new credit rating models driven by financial fundamentals, market indicators and upgrade of existing tools
  • Development of quantitative credit portfolio analysis and management tools used by Credit Risk Division
  • Support to the financial department in the quantification of credit risk of structured transactions and other complex products
  • Financial analysis of corporates, investment funds, banks and other financial institutions, as well as projects and financial products
  • Develop and update guidelines, methodologies, processes and systems for assessing and managing commercial risk as well as analysing and managing the credit portfolio risk

Duties and responsibilities

Under the general guidance and direction of the Division Manager, the incumbent will perform the following duties and responsibilities:

  • Propose, develop and implement quantitative and qualitative analysis tools to make assessment and risk rating of complex financial projects as well as of counterparts such as corporates, banks and investment companies
  • Identify specific risks of individual non-sovereign transactions in the pipeline or in the portfolio under execution and recommend appropriate risk mitigation measures
  • Prepare Summary Credit Risk Note for adequacy of rating, pricing and security packages
  • Make a critical assessment for existing risk analysis tools and provide their validation. Propose alternatives, if necessary
  • Play critical role in the development and upgrading of commercial credit risk identification and assessment methodologies, including appropriate risk monitoring and management systems
  • Help to build up the high quality non-sovereign portfolio analysis, management and reporting tools including sensitivity analysis and stress testing
  • Monitor credit risks in the non-sovereign portfolio analysing the evolution of its risk profile, the country, sector and obligor concentration, the adequacy of provisions and risk capital required to support non-sovereign credit exposure
  • Assist in preparing technical notes and/or papers or conduct studies of interest to the Board, Senior Management or the Department on commercial credit risk issues.

Selection Criteria

Including desirable skills, knowledge and experience

  • At least a Master’s degree or its equivalent in Finance, Econometrics, applied Economics or other related disciplines
  • At least six (6) years of relevant experience related to financial analysis for projects, corporate, banks, investment companies is required
  • Very good understanding and knowledge of technical financial analysis tools: regression techniques, generalized linear models, time series analysis, panel data and nonparametric estimation
  • Knowledge of risk management, Basel II & III
  • Knowledge of relevant quantitative techniques including modern credit risk modelling, and portfolio risk measurement
  • Very good understanding and knowledge of financial statements and structured credit products
  • Very good technical skills: programming skills in Excel, Visual Basic and/or SQL are required
  • Knowledge and experience of statistical programming (i.e. R, Matlab, Stata) would be an advantage
  • Very good understanding of the Bank’s non-sovereign lending strategies, policies and guidelines including methodologies and processes for non-sovereign assessment
  • Ability to interpret and propose changes to the Bank’s non-sovereign credit risk mitigation techniques and products
  • Excellent written and verbal communication skills in English and/or French, with a working knowledge of the other language
  • Competence in the use of Bank standard software (Word, Excel, Access and PowerPoint).

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Principal Quantitative Analyst Officer - Credit Risk Management Division (86 KB)

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To apply for this position, you need to be national of one of AfDB member countries.

  • Submitted by: Mohamed Youssouf, Chef de Division, CHRM.1
  • Approved by: Gemina Archer-Davies, Directeur, CHRM

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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