Objectives

The organizational unit is the cash Management Unit of Treasury Operations and Banking Relationship Division (FTRY2) of the Treasury Department. The objective of the section is to serve as the focal point for management of the Bank Group's current accounts, correspondent banking relationships, foreign exchange processing and investigations. In this regard, the Unit provides a full range of support functions to the Treasury Department for cost-effective and secure payments.

Duties and responsibilities

Under the supervision of the Division Manager, FTRY.2, the incumbent will offer support in areas of  Accounts Management, Correspondent Banking, Foreign Exchange Settlements and Investigations Section of the division:

Execute the timely settlement of the Bank Group’s obligations with regards to:

•   Loan disbursements
•   Global cash management, Foreign exchange, cash forecasting and transaction reporting
•   Administrative expenses (salaries, advance for missions, pensions and other payments.)
•   Manage cashflow requirements and ensure idle balance are kept to minimum

Safe keep the Bank’s cash and valuables  

•   Mitigate Operational Risk e.g. fraud attempts by monitoring movement in bank statements

Correspondent Banking

•   Periodic review of the terms and conditions offered by the Bank Group's correspondent banks, based on which non-performing and dormant accounts are identified for closure and recommendations are made to the Division Manager and Director for opening new accounts.

Manage general ledger postings in SAP system  

•   Monitor all general ledger postings for all Bank Group account statements in order to ensure accuracy of bank statements and general ledger balances.

Investigate all financial transactions with respect to the Bank Group Operations  

•   Ensure that investigations are concluded in order to formulate strategies to implement systematic control and management process to analyze and solve problems in a timely manner; reduce operating cost, errors, fines and losses; Negotiate compensation to be paid or received on accounts of settlement failures;

Qualification Required & Experience

Including desirable skills, knowledge and experience

•   At least a Master's degree in Finance, Economics or Statistics and/or a professional qualification in one of these fields: certified Treasury Professional.
•   Knowledge of the use of technology and ability to apply technology to improve the efficiency and effectiveness of settlement and processing operations.  Ability to use SAP, SUMMIT, Reuters, Bloomberg and reconciliation system;
•   At least five years experiences in commercial, central Bank in cash management and reconciliation areas
•   Excellent communication skills necessary to work effectively in close collaboration with finance and legal staff, investment banks and financial institutions, and be a good team player;
•   Strong ability to work under pressure; Clear-thinking ability, meticulous and well-organized;
•   Proficiency in both English and French to participate in technical discussions with Bank’s financial counterparties; and review financial transactions reports and confirmations.

Location: Ghana

How To Apply For The Job

Interested and qualified candidates should

Click Here To Apply Online

Closing Date: 22 August, 2013

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 an online application, and attach a comprehensive Curriculum Vitae (CV). The African Development Bank is an equal opportunities employer and female candidates are strongly encouraged to apply