TERMS OF REFERENCE

FRONT OFFICE FINANCIAL SECTOR ANALYST

FINANCIAL SECTOR DEVELOPMENT DEPARTMENT (PIFD)

Background :

The primary role of the Financial Sector Development (PIFD) Department is to help the Regional Member Countries (RMCs) increase the reach, depth, and breadth of their financial systems, while safeguarding financial stability. The Department has four long-term objectives: (i) development of a vibrant private sector through an inclusive access by households and enterprises to financial services; (ii) strengthening markets participants; (iii) developing efficient capital markets, and (iv) deepening regional financial integration.

Paired with other Industrialization, infrastructure and Private Sector complex departments, the PIFD Department is responsible for implementing the Bank Group’s Financial Sector Development Policy and Strategy 2014–2019 (PIFD) towards vibrant, innovative, robust and competitive financial systems, both national and regional, and in both the public and private sector levels of RMCs. The demand for financial sector interventions in the Bank’s Regional Member Countries (RMC’s) are increasing, as are the expectations of tangible outcomes from the Bank’s operations in the financial sector.

Objective of assignment :

As part of the Bank’s High 5 Flagship Programmes, the AfDB has commenced a new strategic collaboration with the EC called the ‘Social Impact Fund for Africa’ (or SIFA). The key objective of the Programme is to support African local entrepreneurs deploying mostly digital or tech solutions to address local community problems. Under this programme, the AfDB will be building up a portfolio of Social Impact Funds, support first time fund managers to draw up an Investment Memorandum that allows for the successful attraction of various investors, and support investee companies of the impact funds. The SIFA EC application was approved by the EC EFSD Board, and as a result needs to be operationalised within the AfDB. The incumbent is requested to assist with this process.

Scope of services :

The junior consultant’s primary responsibilities will be to perform the following tasks :

  1. Assist in the preparation of an internal AfDB SIFA programme proposal for internal processing and ultimate AfDB Board approval ;
  2. Support the internal processing of the said proposal ;
  3. Assist in the refining of the SIFA ‘Pipeline’ of social impact funds, and engage with selected Social Impact Fund managers to obtain relevant information that will assist the AfDB’s internal due diligence and appraisal processes ;
  4. Draw up one page Project Evaluation Notes (PENs) for management review and consideration of relevant social impact funds under AfDB’s SIFA Pipeline.

Deadline for applications : December 28th, 2018, 5 PM local time (Abidjan)

Applications to be submitted to : Robert Zegers (r.zegers@afdb.org) and Brou Eleonor (a.brou@afdb.org)

Required qualification and experience :

  • S/he should have at least a Master’s Degree in Finance, Accounting, Business Administration, or related fields with minimum of 2 years of relevant experience and maximum 5 years ;
  • S/he should be under 32 years of age ;
  • Excellent report writing skills and ability to work without close supervision ;
  • Excellent interpersonal and communication skills and demonstrated ability to communicate ideas effectively ;
  • Excellent computer skills: Word, Excel, PowerPoint, etc. ;
  • Excellent verbal and written communication skills in English and/or French. A good working knowledge of the other language would be an added advantage ;
  • Excellent knowledge of Bank’s rules and procedures would be an asset.

 

Accountability & reporting :

The consultant will be housed in the Financial Inclusion and Intermediation and will report to Mr. Robert Zegers, Chief Investment Officer.

Duration and payment :

Duration : The junior consultant will be employed for 3 months. The position will be based in Abidjan and the estimated starting date is September 4st, 2017.

Professional Fees and Reimbursable : The consultant will be paid a competitive monthly rate in accordance to Bank guidelines.

Travel : All travel arrangements and payment shall be in accordance with the Bank’s Travel Policy (P.I 003/2000 as amended).

Payment : Payment shall be made in USD or Euros not later than 45 days on the basis of monthly invoices (and copies of receipt invoices) submitted by the consultant after the end of the month induplicate, but only after submission and acceptance of any/all associated deliverables.

Please attach an updated Curriculum Vitae on the basis of the template below.

MODEL CV

 

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