Director, Syndication and Financial Technical Service at the African Development Bank (AfDB)

African Development Bank (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. In order to sharply focus the objectives of the Ten Year Strategy (2013 - 2022) and ensure greater developmental impact, five major areas (High 5s), have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.

We are recruiting to fill the vacant position below:

Job Title: Director, Syndication and Financial Technical Service

Reference: ADB/17/012
Location: Cote d’Ivoire
Grade: EL5
Position N°: 50092178

The Complex

• The Vice Presidency for Finance 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 Hiring Department:

• The role of the Syndications and Financial Technical Services Department is to mobilize and increase in Africa and outside Africa resources for the financing of investment projects and programmes; and promote investment in Africa of public and private capital in projects or programmes designed to contribute to the economic development or social progress of regional member countries.

Duties and responsibilities
The Position:

• The position of Director of the Syndications and Financial Technical Services Department which reports to the Vice President for Finance, is responsible for providing centralised syndications, co-financing and financial technical services (client services) to the entire Bank Group cutting across both public and private sectors lending activities. 

Key Functions:

• Under the general supervision of the Vice President, the duties and responsibilities include the following:
• Manage the resources of the unit to maximize its effectiveness in supporting investment officers and task managers, marketing investors and executing transactions.
• Provide structuring guidance to investment officers and task managers and actively participate in presenting proposals and mandate letters to clients, emphasizing the benefits of syndication and co-financing.
• Establish working relationships with the widest possible group of commercial co-financiers.
• Execute A/B-loan co-financings and Development Finance Institutions syndications, sharing responsibilities where appropriate with co-arrangers.
• Perform market soundings, pricing and provide risk appetite feedback to senior management for their consideration.
• Review syndication guidelines and make recommendations for amendments and improvements.
• Develop internal operational processes and procedures for the department as well as financial instruments and performance metrics to incentivize, mainstream and scale-up co-financing, syndication and leveraging activities.
• Identify existing assets for potential secondary sale, obtain market feedback on likely cost of sale and, where applicable, seek all necessary approvals.
• Work with, inter alia, Operations (both public and private) / Financial Control / Financial Treasury, Financial Management, Legal and other departments within the Bank to establish capacity to act as agent for all B-loans, Development Finance Institutions syndications and other co-financings.
• Development of the Bank Groups Financial Products.
• Provision of Financial Technical Services to Sovereign and Non-Sovereign Transactions in Project Teams.
• Lead Domestic Capital Markets Funding activities.
• Lead the Development and Adaptation of Financial Policies and Programmes as applicable to the activities of the department.
• Serve as Acting Vice President for Finance Complex when required.
• Perform other duties assigned by the Vice President.

Selection Criteria