Job Title: Senior Treasury Officer
Position Number: 5078336
Location: Abidjan, Côte d’Ivoire
Position Grade: PL5
The Complex
- The Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management (ALM) for the Bank Group.
The Hiring Department / Division
- The Treasury department is responsible for raising funds from the capital markets, managing and investing the Bank Group’s liquidity and shareholders’ funds, processing and settling all financial transactions and managing the institution’s banking relationships.
- The role of the Capital Markets and Financial Operations Division is to:
- Raise cost-effective resources from the capital markets
- Contribute to the Capital Increase process and administer the subscriptions of shareholders to the capital of the African Development Bank
- Contribute to the African Development Fund (ADF) replenishment negotiations and administer the subscriptions of donors to the ADF and Multilateral Debt Relief Initiative (MDRI).
The Position
Under the supervision of the Division Manager, Capital Markets & Subscriptions, the Senior Treasury Officer will :
- Ensure that the Bank’s strategy is implemented and that funding and hedging activities are effective and in line with the Division’s processes:
- Carefully monitor assigned capital markets to source funding opportunities, ensure that pricing is assessed and commensurate with the Bank’s objectives, execute transactions in line with the Bank’s ALM strategy and policies, follow up on relevant documentation, due diligence and report on trades.
- Monitor and report the secondary market performance of the Bank’s bond issues.
- Contribute to working groups’ discussions. Lead or participate in roadshows.
- Ensure that the borrowing process is smooth: Prepare a well-written and structured annual borrowing program for board approval in line with the Bank’s requirements, ensure that consents are obtained for markets where funding opportunities exist, ensure that all transactions are immediately reported in the division’s internal dashboard (borrowing model). Track and report the secondary market performance, flows and turnover of the Bank’s bonds.
- Ensure that the Bank’s borrowing documents (Global Debt Issuance Facility, General Information Statement), listing and SEC filing, among others, are completed and coordinate the 10b-5 due diligence exercise and any other relevant documentation process.
- Ensure an effective and quality investor relations program: Organize dealer days, prepare the annual roadshow program identifying investors to target and identify events that should be attended. Build and update a relevant and comprehensive database of investors. Ensure that the Bank’s websites, including the green bond page and Japanese website are continuously updated.
- Manage subscriptions to the capital of the Bank and replenishments of ADF and MDRI: Administer the subscription process requesting, monitoring and reporting on subscriptions, payments and encashments. Prepare the relevant voting powers documents. Contribute to capital increases, replenishment or voting discussions. Administer all financial aspects of subscriptions.
- Manage the download/publishing of currency exchange rates vs the UA (the Bank’s reporting currency), and prepare and execute the administrative hedge of the Bank.
- Prepare documents for technical discussions with credit and ESG rating agencies.
- Prepare the annual Financial Presentation of the Bank to be presented to stakeholders.
Key Functions
The Senior Treasury Officer will carry out or contribute to completing the following functions:
Funding and Hedging Activities:
- Identify and source attractive funding opportunities by monitoring primary market activity, utilizing cross-currency (swap) calculators, maintaining a good working relationship with dealers, being aware of market trends and developments, etc.
- Ensure that the pricing of any new borrowing transaction is in line with the objectives and strategy of the division and mitigate any cost of carry by liaising with the Bank’s ALM and investment divisions.
- Ensure the seamless execution of funding transactions by being alert to market conditions, economic and issuance calendars, keeping informed of investors’ preferences, ensuring that sufficient credit limits exist for settling and swapping transactions, etc.
- Monitor the secondary performance of the Bank’s bond issuances by following market-making action and flow on electronic platforms, being aware of weekly pricing indications received from dealers, information on secondary market flows, and by maintaining a good dialogue with dealers in the Bank’s bond issues.
- Monitor economic and capital markets rules and regulations in assigned markets to ensure the smooth implementation of the borrowing program.
- Lead or participate in investor roadshows and prepare and/or update a comprehensive, accurate, high quality and well-designed investor presentation.
