Job Vacancy at African Development Bank (AfDB) for Senior Investment Officer

The overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.The Bank Group achieves this objective by:

• mobilizing and allocating resources for investment in RMCs; and


• providing policy advice and technical assistance to support development efforts.

One of our greatest assets is our diversity and we are bound by shared values, committed to our mission and proud to be a leading development finance institution on the continent. While our size and range of business activities mean we have many different kinds of jobs and working environments, you will find the most important things that make us who we are right across our organization.

The following vacancy exists:

Job Title: Senior Investment Officer - Investment & Trading Room Division

Duties and responsibilities

Under the supervision of the Division Manager, FTRY.3, the incumbent will carry out the following functions:

• Participate in the management of the Bank’s assets versus a specific benchmark or fixed liability schedule with the objective of capital preservation, profitability and liquidity maintenance in accordance with the Investment Guidelines of the specific fund;


• Determine the optimal asset allocation to maximise risk-adjusted returns through the identification and recommendation of investment products and trading strategies;


• Assist in the execution of FX transactions and money market management;


• Conduct scenario analysis and stress testing of investment proposals and strategies;


• Perform credit analysis on financial institutions and asset backed securities (ABS/MBS);


• Provide periodic oral and written reports to management on capital and credit market developments;


• Participate in the review of the Bank Group’s investment management framework, financial policies, guidelines, benchmarks and procedures;


• Monitor political, economic and market developments and assess their implication for the Bank’s assets and investment strategy


• Prepares monthly and quarterly ALCO reports presenting performance results and market developments


• Maintain and manages professional relationships with investment community, dealer counterparties, central banks


• Provide advisory services and technical assistance to African Central Banks and other financial institutions on fixed income investment management;

Selection Criteria

Including desirable skills, knowledge and experience

• At least a Master's degree in Finance, Economics or Statistics or related disciplines; a professional qualification in one of these fields is an added advantage;


• A minimum of five (5) years of relevant and practical experience in International Capital Markets, with a particular focus on fixed income portfolio management;


• Strong knowledge and understanding of financial instruments, particularly, bonds, ABS, MBS, derivatives, structured products and risk management concepts;


• Proven credit analysis and financial modelling skills;


• Ability to pre-empt market movements, with good forecasting capabilities and techniques


• Experience in dealing in fast paced environment and under stress;


• Familiarity with Treasury systems such as Reuters Dealing, Summit, Numerix and Bloomberg add-ins;


• Ability to work as a team player with excellent interpersonal skills;


• Command of standard computer software applications;


• Communicate and write effectively in French and/or English, with a good working knowledge of the other language.

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