Chief Syndication - Co-Financing Officer

• Position title: Chief Syndication - Co-Financing Officer
• Grade: PL-3
• Position N°: 50078334
• Reference: ADB/13/082
• Publication date: 31/05/2013
• Closing date: 21/06/2013

Objectives

The Syndication & Co-financing Unit within OPSM.1 is responsible for arranging financing under the Bank’s A/B-loan programme with commercial investors and syndicating facilities to other Development Finance Institutions. The objectives of this include to:

• establish ADB as the leading arranger of syndicated development co-financing in Africa;
• mobilise funding from all external investors – commercial banks, DFIs, ECAs, funds, etc. – to leverage the development impact of the deployment of the Bank’s risk capital;
• support the team head in integrating syndication and co-financing into OPSM’s operations, so that the mobilisation of external funding becomes the standard business model;
• support the team head in developing new initiatives and products within the evolving context of the unit’s work within the Bank’s mission
• support investment officers (IOs) in identifying co-financing opportunities  and promoting the unit’s products to borrowers / sponsors;
• assist with the structuring and pricing of proposals by feeding back market intelligence;
• enable the Bank to manage its portfolio through the sale of existing assets.

Duties and responsibilities

Under the supervision of the Division Manager and with guidance from the Lead Syndication Officer, the incumbent’s duties and responsibilities will include :

• provide structuring guidance to IOs and actively participate in presenting proposals and mandate letters to clients, emphasising the benefits of syndication and co-financing;
• establish working relationships with  the widest possible group of commercial co-financiers;
• execute complex A/B-loan co-financings and DFI syndications , sharing responsibilities where appropriate with co-arrangers;
• perform market soundings and provide risk appetite feedback to OPSM management for their consideration of all private sector facilities;
• research and develop new initiatives and products which may include amongst others risk mitigation instruments including guarantees, new forms of co-financing, integration of an agency function, etc.;
• under the guidance of the team head, provide coaching and monitoring to more junior team members to ensure the organic growth, and operational continuity and stability of the team in its growth phase;
• identify existing assets for potential secondary sale, obtain market feedback on likely cost of sale and, where applicable, seek all necessary approvals.

Selection Criteria

Including desirable skills, knowledge and experience

• At least a Master’s degree in Business, Finance or Economics;
• A minimum of 7 (seven) years of relevant professional experience in the MDB’s or an investment or commercial banking, business development and with experience of syndication and cofinancing work;
• 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 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).

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Chief Syndication - Co-Financing Officer (90 KB)

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

• Submitted by: Clement Opare, OIC, CHRM.1
• Approved by: Joseph O. Badaki, Director, 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