Director, Financial Management at the African Development Bank (AfDB)

African Development Bank Group (AfDB) - Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth.

We are recruiting to fill the position below:

Job Title: Director, Financial Management

Reference: No ADB/16/105
Location: Cote d'Ivoire
Grade: EL5

Objectives
The Complex:

• The Vice Presidency for Finance (FNVP) oversees the financial management of the Bank Group. This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.
• The Vice Presidency for Finance is also responsible for the development of and training on the financial products of the Bank Group. In addition, the Administrator of the Staff Retirement Plan (SRP) reports to the Vice-President Finance.

The Hiring Department/Division:

• The roles of the Financial Management Department (FFMA) are to develop and promulgate policies and guidelines relating to financial and financial risk management for the Bank Group.
• It also ensures internal consistency of all financial policies and guidelines, including those initiated and developed by the other Departments in the Finance Complex, as well as monitors and reports on compliance.

The Position

• The position of Director FFMA which reports to the Vice President FNVP, is key to ensuring the overall effectiveness of the financial management of the Bank Group, in particular through the Bank’s Income Model, Asset and Liability Management (ALM) policies and the monitoring and reporting thereof.

Duties and Responsibilities
The Director shall lead a team of high calibre professionals responsible for the formulation of financials, financial risk and ALM policies of the Bank Group and for monitoring the proper functioning and application of such policies and related practices and business processes.