Principal Treasury Risk Officer - Treasury Risk Division

The role of the Special Operations Division is to carry out the middle office functions of the Treasury Department and to ensure the timely reporting and risk management monitoring of the Treasury Department activities. The Division is in charge of building an efficient control framework to ensure adherence to the Bank’s policies and guidelines. The Division also provides efficient information systems and analytical support tools to the Treasury Department to improve the decision-making process.

Under the supervision of the Division Manager of the Treasury Risk Division, the incumbent’s duties and responsibilities will include the following

Duties and responsibilities

To manage the credit risk exposure of the Treasury Department:

• Monitor the credit exposure of investment and liability portfolios, and the daily production of credit reports.
• Monitor the credit quality and liquidity of Treasury’s investments in asset-backed and mortgage-backed securities.
• Monitor and recommend limits for credit risk exposure by categories and types of assets.
• Report changes in credit rating of counterparties and depository banks to which the Bank is exposed.
• Manage the credit support annexes of ISDA agreements and the posting of collateral with counterparties.
• Report compliance with guidelines to the Asset and Liability Management Committee.

To monitor the activities of the Bank’s external portfolio managers:

• Monitor the performance of external portfolio managers and the payment of their management and performance fees.
• Review financial aspect of service contracts signed with external portfolio managers.
• Supervise the compliance of portfolio managers’ activities with guidelines.
• Monitor credit exposure of portfolio managers by categories of assets.

To coordinate proposals for reforms on the Treasury’s guidelines and procedures:

• Elaborate and formulate policy proposals for amendments of Asset and Liability Management guidelines when necessary.
• Update procedure manuals of the Treasury department to maintain best market practices.

To supervise Treasury Department’s relationship with the Legal department:

• Monitor outstanding Treasury legal issues with the Legal Department.
• Coordinate the confirmation of offering memoranda, pricing supplements and swap agreements for Treasury activities.
• Monitor approved lists of ISDA, ISMA, depository banks, brokers and futures counterparties.

To supervise reporting and risk management activities:

• Supervise reporting and risk management activities of the investment division;
• Supervise reporting and risk management activities of the capital market division.

Selection Criteria

Including desirable skills, knowledge and experience

• At least a Master’s degree in Business Administration, Finance, Banking, Accounting, Economics. Professional qualification in risk management will be a plus;
• At minimum of 6 years of relevant professional experience in banking, treasury management, risk management or comparable professional practice;
• Working experience in the implementation of Treasury credit monitoring and portfolio management systems used by Investment Banks and Multilateral Development Banks;
• Good knowledge of treasury financial instruments, fixed income securities, derivatives, equity products and risk management concepts;
• Good mastery of standard computer applications (Microsoft office package), and competence in modelling and quantitative methods;
• Ability to communicate and write effectively in French and/or English, with a working knowledge of the other language;
• Good team worker with strong interpersonal and communication skills.

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Principal Treasury Risk Officer - Treasury Risk Division (97 KB)

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