Avis d’appel d’offre pour la mise en œuvre des recommandations de la gap et rapport analyse de la devise de la banque, Côte d’Ivoire

REQUEST FOR EXPRESSION OF INTEREST FOR AN INDIVIDUAL CONSULTANT

IMPLEMENTATION OF ALM’s RECOMMENDATIONS & REPORTING CURRENCY ANALYSIS OF THE BANK

AFRICAN DEVELOPMENT BANK

Avenue Joseph Anoma, 01 B.P. 1387, Abidjan, CÔTE d’IVOIRE

Financial Risk Management Department (FIFM1)

E-mail: [email protected]; [email protected];

Telephone: (+225) 20 26 46 69/ (+225) 20 26 17 85

 

  1. The African Development Bank (AfDB) hereby invites Individual Consultants to indicate their interest in the following Assignment: IMPLEMENTATION OF ALM’s RECOMMENDATIONS & REPORTING CURRENCY ANALYSIS OF THE BANK ;
  1. The services to be provided under the Assignment include :
  • To implement ALM’s recommendations (Moody’s Analytics recommendations) ;
  • To review and recommend reporting currency for the Bank; and
  • To finalize LTFS deliverables requested by the Board of Directors.

The key activities are as follows :

Implementation of ALM’s Recommendations :

  • Lead the implementation of the Consulting Firm’s (Moody’s Analytics) recommendations from the review of the Financial and Risk Management policies of the Bank. The recommendations span the following key areas ;
  • Liquidity Risk ;
  • Reduce time lag of liquidity risk report from 90-day lag to 30-day lag ;
  • Update the ALM Policies & Guidelines to include the daily comparison of estimated eligible liquidity to the PML ;
  • Currency and Counterparty Risk ;
  • Resolve the inconsistency between 1-year time horizon of market VaR and 6-month time horizon of ALM VaR ;
  • Set explicit limits for net asset holding in non-SDR currencies ;
  • Stress Testing ;
  • Liaise with PGRF to establish an enterprise-wide stress test that takes into consideration all material risks including operational risk, pension risk and liquidity risk ;
  • Pricing Policies ;
  • Liaise with PGRF to establish an ex-ante RAROC to determine pricing that will ensure that the expected returns are in alignment with the target rate of return ;
  • Use of expected credit loss in the pricing framework to ensure that the risk is adequately captured in the pricing ;
  • An independent review of the methodologies used in pricing to ensure that the models are fit for purpose ;
  • Strengthening the financial and risk management framework to ensure its robust and alignment of the various policies.

Review of the Reporting Currency of the Bank :

  • Review the reporting currency of the Bank and assess its continuing adequacy and relevance vis-à-vis the evolution of the Bank’s activities ;
  • Evaluate the pros and cons for using the Unit of Account (UA) as the Bank’s reporting currency ;
  • Elaborate the additional values and benefits to the Bank if changing the current reporting currency by replacing it with the United States dollars (USD) ;
  • Perform comparative analysis using the current Unit of Account (UA) and the USD as reporting currency for the Bank – Pros and Cons of selected reporting currency ;
  • Benchmark reporting currency with peer MDBs ;
  • Assess and analyze the impact of reporting currency on currency risk management (mainly translation risks) ;
  • Provide recommendations with support from analytics above.

Finalizing LTFS deliverables requested by the Board of Directors :

Finalize LTFS deliverables requested by the Board of Directors in the following areas :

  • Sovereign Loan Pricing ;
  • Cost-to-Income ratio ;
  • Cost Containment Framework.
  1. More details about the scope of services required under the assignment are shown in Annex 1 (Terms of Reference) ;
  1. The Financial Risk Management Division (FIFM1) invites eligible Individual Consultants to indicate their interest in providing the above services. Interested consultants shall provide information on their qualifications and experience demonstrating their ability to provide the services (documentation, references for similar services, experience in comparable assignments, etc.) ;
  1. Essential specialized skills/competences :
  • The Consultant shall be a professional of high repute, who has at least 10 years working experience in the formulation and development of financial sustainability framework, cost containment through operating efficiency, and performance management ;
  • Professional certificate in Finance/Accounting is an added advantage ;
  • A working experience in Financial Strategy, Sustainable Capital Resources, Capital Adequacy, and reporting currency of a Multilateral Development Bank are added advantage ;
  • He/she should be fluent in English or French with working knowledge in one of the other language.
  1. The eligibility criteria, the establishment of a short list and the selection procedure shall be in conformity with the Bank’s Rules and Procedure for the Use of Corporate Consultants. Please, note that interest expressed by a Consultant does not imply any obligation on the part of the Bank to include it in the shortlist ;
  1. The estimated duration of services is six (6) months starting from February 2022. Interested Consultants may obtain further information at the address below during office hours: 09:00 to 17:00 hours, Abidjan Local Time ;
  1. Expressions of interest must be sent by email at the address below before Friday, 28 January 2022, 17:00 hours, Abidjan Local Time and mention “Expression of Interest  for  the  Implementation  OF  ALM’s  RECOMMENDATIONS  & REPORTING CURRENCY ANALYSIS OF THE BANK”.

For the attention of : ALM’s Recommendations Recruitment Team African Development Bank Financial Risk Management Department (FIFM1) Avenue Joseph Anoma, 01 B.P. 1387, Abidjan, CÔTE d’IVOIRE

Tel: (+225) 20 26 46 69/ (+225) 20 26 17 85

Email: [email protected]; [email protected]

ESTABLISHMENHT OF THE SHORTLIST :

  1. A shortlist of three to six Individual Consultants will be established at the end of the request of expressions of interest. The Consultants on the shortlist will be judged on the following criteria on the basis of their updated resume :
•  General qualifications and adequacy for the proposed Assignment20%
•  Similar experience in the area of expertise of the Assignment60%
•  Experience with the Bank or other international donors10%
Language proficiency5%
Knowledge of the Region (environment of the Assignment)5%

Téléchargez le TDR ici