Principal Credit Risk Officer - Credit Risk Management Division

Objectives

Formulate, review and update policies, guidelines and procedures relating to the Bank’s non-sovereign credit risk management
Develop, review and update methodologies, processes and systems for assessing and managing commercial risk
Monitor compliance with non-sovereign credit, capital adequacy and country exposure management policies and advise on the quality of the non-sovereign portfolio
Prepare summary credit risk notes identifying risks of individual non-sovereign transactions and advising on their mitigation. Formulate and propose rating recommendations to the Internal Risk Committee (IRC)
Provide technical supervision to junior staff in the design and implementation of their work program.

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

Work in close cooperation with operations department to deliver the high quality, objective and time efficient credit risk analysis of complex transactions such as project finance, corporate lending and lending to Financial Institutions
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. Propose rating recommendations
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
Assist proactively in assessment of the quality of the non-sovereign portfolio, sensitivity analysis and stress testing
Participate in due diligence missions on non-sovereign transactions and supervision missions on active projects contributing to a better understanding of risks associated with them and of options for their mitigation
Prepare technical notes and/or papers or conduct studies of interest to the Bank on commercial credit risk and related issues.

Including desirable skills, knowledge and experience

At least a Master’s degree or its equivalent in Finance, Business Administration or applied Economics
At least six (6) years of relevant experience related to non-sovereign lending operations: non-sovereign credit risk analysis methodology, credit risk management policies and guidelines, and financial products in general
Strong credit and financial analysis for projects, corporate, banks, investment companies background and experience
Very good understanding and knowledge of financial statements, credit risk portfolio management
Very good understanding of the use of risk transfer and structured financial instruments for risk mitigation
Very good ability to think proactively and to be resourceful without overreliance on supervisor
Ability to make critical decisions such as assigning rating to new and old transactions
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).

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