REQUEST FOR EXPRESSIONS OF INTEREST

FOR AN INDIVIDUAL CONSULTANT

AFRICAN DEVELOPMENT BANK GROUP

Rue Joseph Anoma, 01 BP 1387

Abidjan 01, Cote d’Ivoire

Group Risk Management Function

Operational Risk Unit

Subject : Assistance in operational risk management function of the African Development Bank

 

  1. The African Development Bank (the “Bank”) hereby invites Individual Consultants to indicate their interest to provide assistance in the operational risk management process of identification, assessment, control, monitoring and reporting, and internal control over financial reporting (ICFR) ;
  1. In ICFR, the consultant will provide assistance in the process documentation using Microsoft Visio, identification of key risks, preparing and updating risks and controls matrices on Key business processes of the Bank as well as the control test scripts ;
  1. The assignment is with the Operational Risk Management and internal control over financial reporting team and will entail :
  • Assisting in the coordinating of Risk Control Self-assessment (RCSA with the business units ;
  • Guiding in Key Risk Indicator sessions and follow up on data collection for KRI monitoring ;
  • The identified risks will be assessed in terms of likelihood of occurrence and their impact in both financial and reputational terms, should these risks materialize ;
  • Updating the operational risk dashboard and risk register ;
  • The consultant will assist in documenting business processes including those that impact on the Bank’s financial statements, identification of key risks within the processes and determination of adequacy of controls instituted to mitigate those risks and offering recommendation where necessary to improve existing controls ;
  • Design and/or update risk and control matrix for key business processes which will form a basis of determining key controls to be periodically tested ;
  • Design and/or update test scripts to be used in testing key controls identified during the risk assessment exercise and, as necessary, compile results of periodic tests of controls and work with business units to remediate ineffective controls ;
  • Any other task of a similar nature.

Given the aforementioned scope, the consultant is expected to demonstrate experience in operational risk management process and knowledge of operational risk management tools such as RCSA, KRIs etc., business processes analysis and documentation, risk and controls matrix, and test of controls by using the COSO framework. The consultant must have a demonstrated track record for handling similar assignments and a strong experience in implementing an operational risk management framework, and internal controls over financial reporting including in field offices. Key skills necessary for this assignment include extensive experience in risk, control identification and assessment, identification of key risk indicators, processes documentation and tests of controls. A minimum of five (5) years of professional experience and a master’s degree is essential. Proficiency in both English and French will be an added advantage. The consultant will be paid a monthly lump sum of USD 5,052 during the duration of the assignment and commensurate with the number of years of work experience, in accordance with Bank’s remuneration guidelines for Consultants.

  1. The Operational Risk Unit invites individual Consultants to indicate their interest in providing the above-described services. Interested Consultants shall provide information on their qualifications and experience demonstrating their ability to undertake this Assignment (CV, documents, reference to similar services, experience in similar assignments, references, etc.) ;
  2. The eligibility criteria, the establishment of a short list and the selection procedure shall be in conformity with the Bank’s Procurement Policy for Recruitment of Corporate Consultants. Please note that interest expressed by a Consultant does not imply any obligation on the part of the Bank to include him/her in the shortlist. It is expected that interested Individual Consultants shall already be registered or register in the Bank’s DACON System for consultants. The link to the relevant registration website is https://econsultant.afdb.org:44356/welcomedacon# ;
  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 submission; level of education in general, years of experience in general, number of years of experience relevant to the assignment, language skills, knowledge of the working environment, regional and prior Bank experience ;
  2. The estimated duration of service is 3 months and the estimated starting date is first week of September 2020 at the Bank’s Headquarters in Abidjan, Cote d’Ivoire ;
  3. Interested Individual Consultants may obtain further information and clarifications from rukunga@afdb.org during the Bank’s working hours between 8:00 to 17:00 GMT ;
  4. Expressions of interest must be received at the address below no later than 24 August 2020 (Monday) at 12:00 GMT and specifically mentioning “Assistance in operational risk management function of the African Development Bank ”:

Ms. Ruth Kendi Rukunga

African Development Bank

Group Risk Management Function (PGRF)

Via email to : r.rukunga@afdb.org with a copy to o.mensah@afdb.org and s.jain@afdb.org

 

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