Director & Treasurer at African Development Bank: Position title: Director & TreasurerGrade: EL-5Position N°: 50000891Reference: ADB/ 14/080Closing date: 26/01/2015ObjectivesThe Treasurer of the African Development Bank Group oversees the following critical functions: mobilize funds from capita...Position title: Director & TreasurerGrade: EL-5Position N°: 50000891Reference: ADB/ 14/080Closing date: 26/01/2015ObjectivesThe Treasurer of the African Development Bank Group oversees the following critical functions: mobilize funds from capital markets for the Bank’s activities; develop investment strategies and manage the liquidity of the Bank Group; manage the banking relationships and effect payments authorized; and develop new financial products and provide related services in support of the Bank Group’s operational activities. In addition, the Treasurer is expected to actively contribute to or provide leadership on several important Bank Group initiatives.Duties and responsibilitiesUnder the general direction of the Vice President - Finance, plans, directs, coordinates and supervises the work of the Treasury Department. Key activities are summarised below:Leadership and Supervisory Role: Provide strategic leadership and vision on all departmental activities.Financial Policies and Operating Framework: Review and implement all policies that pertain to borrowing and investment activities, and foreign exchange and interest risk management. Makes appropriate policy recommendation to the Asset-Liability Management Committee of the Bank (ALCO).Oversee the activities pertaining to the Bank’s borrowings in capital markets.Supervise the implementation of liability management activities.Participate in the annual review meetings with the rating agencies.Advise and participate in the capital increase of the Bank and replenishments of the Fund.Management of Investment Portfolios: Provide guidance in the formulation, determination and implementation of investment strategies and optimum asset allocation. Ensure that portfolios are managed within the Bank’s guidelines and risk parameters.Cash flow management: Liaise with other departments and units of the Bank for cash flow management, and effecting payments including for disbursements and debt services.Financial Technical Services: Maintain proactive knowledge of the Bank Group clients’ needs and leads the development of new financial products.Maintains appropriate contacts with the financial community (investment banks, central banks, local regulators and investors), countries (including shareholders), rating agencies, external auditors, and other multilateral development banks (MDBs) and borrowers.Administration: Monitor cash flow requirements to ensure funds availability and approve and execute all payments, and maintain an on-going dialogue with other departments of the Bank in order to improve payment and accounting procedures.All other related tasks as requested including representing the Vice President Finance when required. dlvr.it/82TXP0
Posted on: Wed, 07 Jan 2015 15:27:35 +0000
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