Senior Credit Risk Officer, PGRF.1, Abidjan, Côte d'Ivoire
Full emptiness title: Senior Credit Risk Officer, PGRF.1
Location: Abidjan, Côte d’Ivoire
Position Grade: PL5
Position Number: 50078360
Posting Date: 18-Dec-2024
Closing Date: 17-Jan-2025
THE BANK:
Established in 1964, the African Development Bank is the premier pan-African improvement establishment, selling financial development and social progress throughout the continent. There are 81 member states, together with 54 in Africa (Regional Member Countries). The Bank’s improvement agenda is delivering the monetary and technical assist for transformative tasks that may considerably cut back poverty by way of inclusive and sustainable financial development. In order to sharply focus the aims of the Ten-Year Strategy and guarantee higher developmental affect, 5 main areas, all of which can speed up our supply for Africa, have been recognized for scaling up, specifically; vitality, agro-business, industrialization, integration and enhancing the standard of life for the individuals of Africa.
THE COMPLEX:
The President, plans, supervises and manages the enterprise of the Bank Group. Under the course of the Boards of Directors, the President conducts the enterprise of the Bank and the African Development Fund and manages operations and actions in accordance with the Agreements establishing the African Development Bank and the African Development Fund. The President supervises a number of Departments and Units together with Office of the President ; Independent Development Evaluation Department ; Integrity and Anti-Corruption Department; Compliance Review and Mediation Unit ; Secretariat to the Sanctions Appeals Board ; Administrative Tribunal ; Office of the Auditor General ; Group Risk Management Function; General Counsel and Legal Services Department ; Communication and External Relations Department ; Staff Integrity and Ethics Office and Office of the Secretary General & General Secretariat.
THE HIRING DEPARTMENT:
The Group Risk Management Function (PGRF) develops insurance policies and pointers, methodologies and methods referring to credit score danger evaluation, market danger and operational danger and ensures inside consistency of all the Bank’s danger administration insurance policies and pointers, together with these initiated and developed by different departments. The important mandate is to safeguard the Bank’s monetary integrity and consolidate all core danger administration actions of the Bank to be able to train complete oversight over the Bank’s danger publicity. In delivering its mission, PGRF focuses largely on selling the Bank Group’s strategic targets inside an outlined danger tolerance framework.
THE POSITION:
The key aims of the Non-Sovereign Credit Risk Unit (PGRF1), throughout the broad mandate of Risk Management Function (PGRF), are to:
- Ensure satisfactory evaluation of credit score danger of latest non-sovereign operations in addition to common overview of the Bank’s non-sovereign credit score portfolio;
- Develop insurance policies and pointers, methodologies and methods referring to non-sovereign credit score danger evaluation and administration for the Bank;
- Ensure inside consistency of all Bank’s non-sovereign credit score danger insurance policies and pointers together with these initiated and developed by different Departments;
- Monitor and report on compliance with insurance policies and pointers;
- Contribute to the event of strategic danger metrics and a danger tradition throughout the group by way of the next: (i) Managing the danger profile of the Bank’s non-sovereign portfolio to guard the Bank’s AAA credit standing and repute; and (ii) Strengthening the Bank’s inside danger framework by enhancing credit score processes; and
- Ensure the functioning of the Credit Risk Committee Secretariat.
KEY FUNCTIONS: Under the general supervision and steering of the Unit Head PGRF1, the Senior Commercial Credit Officer performs the next:
- Assess non-sovereign credit score dangers by:
- Preparing Summary Credit Notes, advising applicable credit score danger rankings and making suggestions with respect to the additional processing of particular person transactions;
- Regularly reviewing current transactions and their credit score rankings in addition to the adequacy of impairment provisions, if required;
- Assessing particular dangers of proposed particular person non-sovereign transactions and advocate applicable credit score enhancement or risk mitigation measures.
- Advising operations departments on the proper structuring of transactions with a view to mitigate danger.
- Participating in due diligence missions on new non-sovereign transactions and supervision missions on energetic tasks, contributing to a greater understanding of dangers related to them and of danger mitigation choices;
- Advise applicable pricing phrases in session with syndication and funding officers.
- Participate within the improvement and updating of business credit score danger administration insurance policies, pointers, processes and procedures for their implementation by:
- Regularly reviewing the adequacy and appropriateness of insurance policies, pointers and procedures and proposing amendments as they might turn out to be essential;
- Participating within the improvement and upgrading of business credit score danger identification and evaluation methodologies, together with applicable evaluation, monitoring and administration of instruments and methods.
- Participate in portfolio monitoring and reporting by:
- Monitoring of compliance with current credit score limits, KPIs and thresholds;
- Establishing and forecasting tendencies with respect to portfolio concentrations and proposing portfolio administration initiatives to mitigate focus dangers.
- Preparing technical notes and/or papers or conduct research of curiosity to the Bank on business credit score danger and associated points. ehs77kj DfRqJ5
- Participate in danger associated discussions by:
- Participating in administration overview committees and Board Committee periods on non-sovereign transactions.
- Propagating a danger tradition and serving as technical focus.
- Interacting with Internal and External Auditors and Rating Agencies.
- Participate within the functioning of the Credit Risk Committee (CRC) Secretariat by:
- Preparing assembly minutes and determination notes associated to the CRC
- Coordinating the method stream between sector departments, areas and different committees.
- Participate in advert hoc assignments associated to non-sovereign credit score danger points and technical working teams.
COMPETENCIES (abilities, expertise and data):
- Hold at the very least a Master’s diploma or equal in Risk Management, International Finance, Economics or in a associated discipline;
- Have a minimal of 5 years work expertise in credit score evaluation in non-public sector banking or multilateral improvement banking;
- Hands-on expertise of credit score danger evaluation, deal negotiation and structuring in rising and underdeveloped markets;
- Familiarity with undertaking finance, company lending, lending to monetary establishments and personal fairness funds;
- Ability to construct danger instruments and methodologies;
- Knowledge of capital adequacy requirements is required;
- Considerable data and expertise of credit score danger administration methods, refined danger administration merchandise and danger administration finest follow;
- High diploma of private dedication, interpersonal abilities with clear strategic imaginative and prescient and confirmed communication and management abilities;
- Teamwork and Relationships: Works with others to maximise the effectiveness of the workforce as a complete, sharing the data and workload. Develops sturdy working relationships with colleagues and contributes to the creation of a constructive workforce setting;
- Operational effectiveness: The dedication to make sure that full use is fabricated from the methods, procedures and tradition throughout the group to be able to ship the required outcomes;
- Problem-solving and decision-making abilities, with the power to analyse advanced info to determine the important thing situation/motion and drive decision;
- Innovation & Creativity: The dedication to look for and produce modern and inventive approaches to actions to be able to improve efficiency and create added advantages to the Bank and its purchasers;
- Communication: Provides clear and concise oral and written communication; presents oral info with readability and applicable type and adapts language and elegance to swimsuit the necessities of a specific viewers;
- Ability to speak successfully (written and oral) in English or French, ideally with a working data of the opposite;
- Competence in the usage of normal Microsoft Office Suite purposes (Word, Excel, Access and Power Point); data of SAP (or different built-in doc administration system or quantitative and qualitative information evaluation packages is an added benefit.
THIS POSITION IS CLASSIFIED AS INTERNATIONAL RECRUITMENT AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.
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