The African Development Bank is hiring a Risk Management Officer: Apply Now!
Application Deadline: 27 April 2025
The African Development Bank is hiring a Risk Management Officer: Apply Now!
Overview
Established in 1964, the African Development Bank (AfDB) 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 The African Development Bank (AfDB) is the premier multi-lateral development finance institution fostering economic growth and social progress in Africa. The AfDB’s primary goal is to reduce poverty and improve living standards by mobilizing resources in and outside Africa, and providing financial and technical assistance for development projects and programs in Africa
The Position
Under the Supervision of the PSF Administrator, the objective of Risk Management Officer (RMO) is to ensure all round risk management in the Facility’s management with emphasis on the PSF’s core-business of credit risk taking, treasury management and asset and liability management functions. The RMO ensures the integrity of financial risk models and the reasonableness of assumptions used in each risk participation, analyses the portfolio on the evolution of the risk profile and the PSF’s risk bearing capacity and ensures that the Facility’s capital adequacy, risk profile, treasury risk, as well as Asset and Liability Management functions are performed on time and effectively.
The jobholder ensures compliance with the PSF risk management requirements, optimizes the sizing of individual risk participations recommended with regard to various portfolio quality and performance parameters, and formulates, review and update policies, guidelines and procedures relating to the PSF’s risk management and capital adequacy.The job entails a high-level professional knowledge and understanding of financial risk (credit and asset and liability management) related to non-sovereign operations.
Key Functions:
The key duties and responsibilities of Risk Management Officer are to:
Process and analyze data and perform other related duties in support of credit risk measurement, assessment, monitoring and management for the Private Sector Facility. Monitor credit risks of the PSF portfolio analyzing the evolution of the risk profile and country, sector and obligor concentrations, the adequacy of provisions and risk capital required to support the non-sovereign credit exposure. Prepare at a glance reports and tables of exposure indicators;
Maintain and update the PSF’s stand-alone models. Monitor and review PSF treasury and liquidity position, for committed and uncommitted capital. Prepare financial projections for PSF. Undertake data processing and computational work required in support of quarterly and annual PSF risk reviews. Coordinate with the Risk organizational units to collect all the necessary risk information. Coordinate with the Treasury Department as regards management of the PSF treasury. Coordinate with the Financial Control Department as regards production of financial statements and billing. Coordinate the preparation of relevant ALM and risk reports and decision-making documents. Contribute to the preparation and review of PSF guidelines in respect of risk, treasury management, and Asset and Liability Management aspects.
Competencies
- At least a Master’s degree in Risk Management, International Banking or Actuarial Science. Additional qualifications like Chartered Financial Analyst, Certified Risk Management (or other relevant risk management and financial analyst qualifications), desirable.
- At least six (6) years of relevant experience related to non-sovereign credit risk assessment and portfolio management;
- Hands-on experience of Non-Sovereign risk assessment in emerging and frontier markets;
- Outstanding ability and experience in financial modelling and quantitative analysis is required in order to solve statistical analysis issues of portfolio and treasury;
- Quantitative modelling skills to assess the balance sheet impact of transactions;
- Strong knowledge of rating agencies’ models as well as capital adequacy requirements;
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