REQUEST FOR EXPRESSIONS OF INTEREST
FOR AN INDIVIDUAL JUNIOR CONSULTANT
AFRICAN DEVELOPMENT BANK GROUP
Rue Joseph Anoma, 01 BP 1387
Abidjan 01, Cote d’Ivoire
Client Solutions Division
Syndication, Co-financing and Client Solutions Department
Finance Vice Presidency
Email:fist2@afbd.org
The African Development Bank (the “Bank”) hereby invites Individual Consultants to indicate their interest in the following Assignment: Junior Consultancy Services for Financial Technical Services.
The Assignment will entail working with the Client Solutions Division (“FIST2” or the “Division”) of the Syndication Cofinancing and Client Solutions Department in supporting the origination, design, structuring and execution of transactions related to securitization, credit risk insurance, political risk insurance and asset sell down. Other responsibilities will include supporting the general dissemination and implementation of Bank Group’s financial products, assisting in providing financial and technical expertise to projects by applying a broad knowledge of the operational and financial aspects of the relevant Bank Group product(s). The Consultant must have some knowledge of the full range of the Bank Group’s financial products including loans (senior and subordinated), credit enhancement instruments (guarantees), risk management instruments (interest rate, currency swaps, etc.), equity and quasi equity products.
Under the overall supervision of the Division Manager of FIST2, key responsibilities will include but not limited to:
- Assisting in financial analysis and modeling of solutions related to balance sheet optimization transactions
- Assisting in the review on all matters relating to the premium payments for the balance sheet optimization transactions;
- Assisting in the development of the bank’s models, tools, databases and associated documentation for ongoing reporting and monitoring of the executed transactions;
- Monitor the underlying loan portfolios for the balance sheet optimization transactions;
- Reviewing of assigned project documentation, including term sheet and loan agreement as well as preparing summary of key findings for direct reporting staff review;
- Assisting with the development of training, communication and marketing materials for the dissemination of the balance sheet optimization initiative and the Bank’s financial products to internal and external stakeholders,
- Assisting with the development of new financial products related to the implementation of the Ten Year Strategy though operationalization of the High 5’s;
- Assisting the Division’s staff in executing risk management hedging solutions as contemplated by risk management features embedded in specific loan products;
- Other tasks, as may be assigned.
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 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. The selection criteria will be primarily based on the evaluation of the submission of a curriculum vitae in either English or French, and the relevant experience in undertaking similar activities to the Assignment above. The candidate may be invited to a telephone or in-person interview.
Qualifications and Experience required
- Minimum M.Sc. degree in Finance or MBA with concentration in Finance;
- 2 to 4 years of relevant work experience in project finance, investment banking/syndications, or risk management;
- Experience with MDBs and DFIs products and/or prior experience with Development Finance Institutions (DFIs) or international commercial banks Excellent verbal and written English language skills, preferable;
- Personal integrity and ability to work in team as well as independently with minimal supervision;
- Be under 32 years of age;
- Fluency in English with strong working knowledge of French or vice versa.
The Bank offers a salary on a scale, strictly related to the consultant’s level of experience and area of expertise. The consultant will be remunerated through a lump sum (including fees, accommodation and subsistence allowances). The candidate will be responsible for obtaining personal health insurance at his or her own cost. The coverage should include all medical expenses, including those resulting from illness or injury incurred during the duration of the assignment.
The Client Solutions Division 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 (documents, reference to similar services, experience in similar assignments, etc.).
The estimated duration of services is 12 months and the estimated starting date is 4th March 2019 at the Bank’s headquarters in Abidjan, Cote d’Ivoire.
Interested Individual Consultants may obtain further information and clarifications from m.b.gueye@afdb.org.
Expressions of interest must be submitted to: Financial Technical Services Division, Email: to Mbaye GUEYE, Email: m.b.gueye@afdb.org and must be received no later than 22th January 2019 at 17:00 Abidjan time and specifically mentioning Junior Consultancy Services for Financial Technical Services.