African Development Bank (AfDB): Manager – FTRY2:

Position title: Manager – FTRY2
Grade: PL-2
Position N°: 3923

Reference: ADB/10/69
Publication date: 24/05/2010
Closing date: 16/06/2010

Objectives:

The Cash and Current Accounts Division provides a full range of support functions for the Bank’s Treasury’s asset management, capital market and banking operations. In this regard, the Division negotiates and manages banking agreements and custody relationships, and determines appropriate use of telecommunications and computer technologies to provide cost-effective and secure payments.

It ensures the timely processing of loan disbursement for the Bank’s development programs and projects. The Division is organized into three main activities: Cash Management, Loan Operations and Investigations Section, Back Office Section, and Cashier Section.

Duties and responsibilities:

Under the supervision of the Bank’s Group Treasurer, and with strict compliance to guideline as edited by the Bank’s financial regulations and long-standing practices, the Division’s procedures manual, the Swift procedures manual and best practices for settlement of capital markets transactions, the Manager will develop and lead the Division’s work program.

He/she shall particularly:

Design, plan and monitor the implementation of the Division’s yearly work program

• Set overall objectives of the Division in the context of the overall strategic framework of the department
• Determine new projects and activities
• Exercise supervision and providing technical guidance
• Set performance indicators and monitoring tools
• Ensure compliance to guidelines and procedures

Plan and manage staff to achieve quality results:

• Develop realistic plans with available human resources
• Define key results areas of the job and establish performance standards and targets
• Assess performance of staff throughout the year
• Take appropriate steps such as coaching and training to improve performance

Manage the Swifnet payment system:

• Ensure that all relevant standards and policies are applied to the SWIFNET system
• Ensure that all operators are adequately trained in relation to their duties, including any responsibilities for security that they have
• Ensure regular update of disaster recovery procedures
• Decide on the relevant profile for each user and approve all access request forms prior to implementation
• Approve all installation, upgrade and maintenance operations on the system

Provide a leadership role in the implementation of the Bank’s internal control framework Treasury operations:

• Ensure that all business processes in Treasury operations are documented and complied with
• Identify and pursue opportunities to improve productivity within a secure control framework
• Design procedures to mitigate risks and tighten controls in identified weak areas
• Plan, organize and facilitate regular discussion sessions with staff to review the processes for all the Division’s activities

Play a leadership role in procedural innovation in Treasury operations:

• Perform regular review of processes and evaluation of adequacy of control strategy
• Perform regular benchmarking with multilateral development Banks
• Recommend changes in policies/procedures and coordinate the implementation of new IT systems and/or software
• Formulate strategies to implement systematic control and management process to analyze and solve problems in a timely manner; reduce operating costs, errors, fines and losses

Manage Business Continuity Plan for the Division:

• Supervise the regular update of the Plan to ensure permanent readiness
• Ensure awareness of staff and appropriation of the specifics of the BC plan

Coordinate periodic audit exercises:

• Be the focal point of communication for the Division during external and internal audit exercises
• Prepare the division’s response to audit findings included in the Management’s letter
• Lead the implementation of the recommendations of external and internal auditors by introducing new procedures, processes or controls

The incumbent shall also oversee teams responsible for the following:

• Timely and accurate clearing and settlement of the Bank’s funding, investment and banking operations
• Selection and oversight of correspondent banks and custodians
• Execution of SAP general ledger postings for all Bank Group account statements and verification of accuracy of data migrated to the general ledger
• Investigation of financial transactions in respect of Bank Group operations
• Activity reports
• Safe custody of the Bank’s cash and valuables
• Manage capacity building initiatives

Selection Criteria:

Including desirable skills, knowledge and experience

• At least a Masters Degree in Finance, Business Administration or related field.
• At least 8 years of relevant and extensive professional experience in various areas of finance: treasury management, capital market operations (assets and liabilities), foreign exchange trading
• Wide knowledge of the Banking industry, international payment standards, regulations and practices, for all the countries(about 60) in which the Bank Group maintains correspondent banks
• Extensive in-depth practical knowledge of clearing and settlements operations for capital markets transactions including security custody operations
• Thorough understanding of finance-related IT systems, industry practices, policies and current developments in transaction processing
• Thorough understanding of anti-money laundering compliance issues
• Good understanding of the complexities and interdependence's of all SAP specifications
• Good understanding and experience of Summit or similar treasury systems
• Good understanding of the COSO framework as applied to MDBs operations
• Good understanding
• Excellent inter-personal, communication (written and verbal including the capacity to communicate complex technical issues in simple terms) skills. Ability to communicate and write effectively in French and/or English, with a good working knowledge of the other language.
• Competence in the use of standard software used in the Bank (Word, Excel, Access, Power Point); and knowledge of SAP is highly desirable.

To Apply:

Only applicants who fully meet the Bank’s requirements and are being considered for interview will be contacted.

Applicants will only be considered if they submit (preferably electronically, to: recruit@afdb.org) a fully completed Personal History Form (PHF), available from the Bank’s web site, and attach a comprehensive Curriculum Vitae (CV) indicating date of birth and nationality.

The President, ADB, reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply.

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