Objectives

The Credit Risk Management division (FFMA.2) is responsible for continuous assessment and monitoring of the risk profile of the Bank’s sovereign and non-sovereign portfolio. The Credit Risk Management Division makes recommendations with regard to credit risk ratings, impairment provisions and the efficient use of the Bank’s risk capital.

Duties and responsibilities

Under the general guidance and direction of the Division Manager, the incumbent will perform the following duties and responsibilities:

•   Review/Prepare Summary Credit Risk Note for adequacy of rating, pricing and security packages.
•   Contribute significantly to the development and updating of commercial credit risk management policies and guidelines, including procedures and processes for their implementation.
•   Play critical role in the development and upgrading of commercial credit risk identification and assessment methodologies, including appropriate assessment, monitoring and management tools and systems.
•   Monitor compliance with commercial credit risk and exposure management policies and guidelines and perform proactively on the quality of the non-sovereign portfolio, sensitivity analysis and stress testing.
•   Identify specific risks of individual non-sovereign transactions in the pipeline or in the portfolio under execution and recommend appropriate credit enhancement or risk mitigation measures.
•   Prepare risk mitigations notes for special transaction and the portfolio identifying risks of individual non-sovereign transactions and advising on their mitigation.
•   Advise appropriate pricing terms and conditions for non-sovereign transactions in consultation with investment officers.
•   Prepare background documentation for country team meeting management review committees on non-sovereign transactions.
•   Participate in due diligence missions on new non-sovereign transactions and supervision missions on active projects contributing to a better understanding of risks associated with them and of options for their mitigation.
•   Monitor credit risks in the non-sovereign portfolio analyzing the evolution of its risk profile and country, sector and obligor concentration, the adequacy of provisions and risk capital required to support non-sovereign credit exposure.
•   Prepare technical notes and/or papers on conduct studies of interest to the Board, Senior Management or the Department on commercial credit risk and related issues.

Qualification Required & Experience

Including desirable skills, knowledge and experience

•   At least a Master’s degree or its equivalent in Finance, Business Administration, Econometrics,  or applied Economics
•   At least six (6) years of relevant experience related to non-sovereign counterparty rating migrations, NAV adjustments for private equity funds, impairment provisions for loans, distressed assets and risk mitigations techniques
•   High level professional knowledge of credit risk instruments
•   Familiarity with project finance, corporate lending and lending to financial institutions
•   Ability to build up the risk tools and methodologies are desirable
•   Knowledge of risk syndication, collateral management and structured financial products and risk derivatives is an added advantage
•   Strong quantitative, software use and analytical skills
•   Excellent written and verbal communication skills in English and/or French, with a working knowledge of the other language. French skills are desirable.
•   Competence in the use of Bank standard software (Word, Excel, Access and PowerPoint).

Location: Ghana

How To Apply For The Job

Interested and qualified candidates should

Click Here To Apply Online

Closing Date: 03 October, 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