Senior Treasury Risk Officer, FIFM2

African Development Bank

THE BANK:

Established in 1964, the African Development Bank Group (AfDB) is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 81 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 Bank Group's new Ten Year Strategy (2024 – 2033) and ensure greater developmental impact, five major areas (High 5s), will continue be used to guide Bank operations, namely; energy, agribusiness, industrialization, regional integration and improving the quality of life for the people of Africa.

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/DIVISION:

The overall objective of the Financial Management Department (FIFM) is to safeguard and improve the Bank Group's risk bearing capacity while looking to optimize efficiency to benefit clients, shareholders and staff.

The role of the Treasury Risk Management Division (FIFM2) is the management of treasury risk and the oversight of treasury activities that enable the Bank to make informed treasury investment and borrowing decisions with adequate and manageable hedging mechanisms. The Division's objectives are :

- To identify, measure, monitor and mitigate market and credit risks in the Bank's Treasury operations;
- To ensure the timely reporting of the Treasury Department activities;
- To build an efficient control framework to ensure the adherence to the Bank's policies, Assets and Liabilities Management (ALM) guidelines and to International Financial Reporting Standards (IFRS);
- To provide efficient information systems and analytical support tools to the Treasury Department to improve the decision-making process.
THE POSITION:

As part of the Treasury Risk Management Division, the Senior Treasury Risk Officer will be responsible for reporting on treasury activities and related market and counterparty credit risk exposures and monitoring treasury operations compliance with the Bank's Asset and Liability Management guidelines.

KEY FUNCTIONS:

Under the supervision of the Manager of the Treasury Risk Division, the incumbent's duties and responsibilities will be as follows:

1-Report on the Bank's investment and liability management activities

- Ensure the timely production of reports monitoring investment and liability activities for staff, management, the Financial Control Department (FIFC) and the Assets and Liability Management Committee (ALCO);
- Perform PnL calculation, performance attribution, hedge effectiveness for investment portfolio;
- Reconcile the valuation of portfolio positions with market data.
- Keep abreast of developments in IFRS and their impacts on reporting activities in the financial statements.
2-Provide support to the Front Office Divisions for transaction and risk analysis

- Review the terms of new funding proposals received by counterparties;
- Analyze and assist investment officers to evaluate complex investment structures;
- Ensure that the Bank has the internal capacity to fair value new borrowing transactions proposed by counterparties;
- Participate in the design and implementation of decision support tools that improve the efficiency of investment and liability management activities;
- Conduct and coordinate the training of Front Office staff on the use of pricing, risk analysis and risk monitoring systems.
3-Ensure the proper maintenance of the key treasury systems used to monitor investment  and liability management activities

- Monitor the day to day use of the Treasury pricing and risk analysis and monitoring systems and the integrity of market and trade data;
- Maintain systems and participate in migrations to new versions to improve the accuracy of security valuations and risk reporting;
- Participate in the analysis and calibration of trades in Treasury systems during audit reviews.
4-Ensure an efficient control framework for treasury investment and liability management activities

- Monitor and report on the compliance with guidelines for investment and liability management transactions.
5-Counterparty Credit Risk Assessment for Liability Portfolio

- Conduct comprehensive evaluations of counterparty credit risk associated with liability portfolio. This includes analysing the creditworthiness of counterparties and assessing exposure limits.
- Implement ongoing monitoring of counterparty exposures within the liability portfolio, preparing detailed reports that highlight significant changes in credit risk profiles.
- Analyse market risk factors impacting the investment portfolio, including interest rate fluctuations, market volatility, and credit spread movements. 
6-Structured Trade Valuation

- Structuration and valuation of structured product trades in the Numerix OneView application.
- Conduct thorough analysis of structured products to assess risk and return profiles.
- Collaborate with trading and risk management teams to ensure accurate pricing and valuation.
- Prepare detailed reports and presentations on structured product performance and market trends.
- Stay updated on market developments and regulatory changes affecting structured products.
COMPETENCIES (skills, experience and knowledge)

- Hold a minimum of a Master's degree in Business Administration, Finance, Banking, Accounting, Economics. Professional qualification in risk management will be a plus; 
- A minimum of five (5) years of relevant professional experience in IFI's, with a large scope of treasury activities;
- Working experience in the implementation of Treasury credit monitoring and portfolio management models and stress testing tools used by IFI's and/or Multilateral Development Banks;
- Good knowledge of treasury financial instruments, fixed income securities, derivatives, and risk management;
- Proficiency in using Numerix OneView for trade structuration and valuation.
- Strong understanding of pricing models and their application in structured products.
- Basic knowledge of yield curve construction and basis spread.
- Ability to interact with IT team to customize and upgrade functionalities of new treasury systems and tools; 
- Capacity to follow and to adjust to new markets developments
- Good team worker with strong interpersonal skills.
- Ability to communicate and write effectively in French and/or English, with a working knowledge of the other language;
- Good mastery of standard computer applications (Microsoft office package), and competence in modelling and quantitative products, and SAP.

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Secteur: Services sociaux et pour la communauté/Associations à but non lucratif

Poste: Autre

Taux d'occupation: 80-100% / 100%

Type d'emploi: Staff (Permanent and Fixed Term)

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