REQUEST FOR EXPRESSIONS OF INTEREST

FOR AN INDIVIDUAL CONSULTANT

AFRICAN DEVELOPMENT BANK

CCIA 25th Floor

Avenue Jean-Paul II, 01 BP 1387, Abidjan, Côte d’Ivoire

Treasury Department, Investment & Trading Division

Title of the assignment: Consultant for Treasury Investment & Trading

Brief description of the Assignment: Assist with Treasury investment activities

Department issuing the request: Treasury Department

Place of assignment: Work from home; and Abidjan, Côte d’Ivoire

Duration of the assignment: 6 months

Tentative Date of commencement: 14 June 2021

Deadline for applications: 4 June 2021

Applications to be submitted to: [email protected]

Any questions and requests for clarifications may be sent to: [email protected]

Terms of Reference for: Consultant for Treasury Investments & Trading

  1. Introduction / Background

Established in 1964, the African Development Bank (AfDB) is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 82 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, regional integration and improving the quality of life for the people of Africa.

The key responsibility of the Investment & Trading Room Division (FITR3) is the management of all the Bank Group’s Treasury assets with the objective of capital preservation, liquidity maintenance and profitability in accordance with the Asset-Liability Management (ALM) Guidelines. Total treasury assets managed for the Bank Group entities averaged over UA 17 billion in 2020. The division is also responsible for the execution of foreign exchange transactions for loan repayments and disbursements and for ALM purposes, and the management of the European Commercial Paper (ECP) programme.

  1. Objectives of the Assignment

The Treasury Department is looking for a consultant that will be responsible for assisting in a series of key assignments. The consultant will work under the guidance of the Division Manager.

During the term of his/her Contract, the Consultant shall devote all his working time to the performance of the services he/she has been assigned to, and shall not engage, directly or indirectly, in any work, business or professional activities other than the performance of the services and his/her other duties and responsibilities.

  1. Main activities and deliverables

The assignments are of the following nature:

  • Develop analytical tools/models for the division;
  • Develop and upgrade existing tools including spreadsheets for monitoring investment portfolios;
  • Assist with project management for the Division, including a new Portfolio Management System;
  • Assist with the specifications & implementation of Front-Office performance attribution/contribution reports and value-at-risk reports;
  • Assess, monitor and reconcile performance reports and value-at-risk reports produced by other Divisions;
  • Develop and upgrade interface tools (ETL) between the Bank’s infrastructure (Summit, SAP, …) and other repositories in the Division, including Bloomberg PORT;
  • Develop and upgrade the collection and the storage of historical performance, portfolio data, and instrument characteristics;
  • Any other tasks as per the Division’s work program.
  • Administration/reporting

The consultant will report to the Division Manager.

  1. Duration of the assignment

The estimated duration of services is six (6) months.

  1. Qualifications and Experience required

The consultant should possess strong quantitative analytical skills, be well versed in programming techniques and should be committed to the social and economic development of countries in Africa. Eligibility criteria for the recruitment are:

  • Be a national of one of the member countries of the Bank;
  • A Master’s degree or equivalent and at least two (2) years’ experience in the area of expertise of the assignment;
  • Strong knowledge and understanding of financial instruments, particularly bonds, structured products, derivatives and risk management concepts;
  • Strong quantitative analysis skills;
  • Proven project management skills;
  • Professional experience with some of the leading investment banks, hedge funds or asset managers in a front office quantitative function is highly desirable;
  • Integrity and ability to work in team;
  • Strong programming technique;
  • Proficiency in Excel VBA, SQL, and Bloomberg API is a must;
  • Proficiency in C++, python is a plus;
  • Competence in trading and booking systems such as Bloomberg, Summit is a plus;
  • Good listener with demonstrated ability to present and win support for ideas as well as make effective and timely decisions;
  • The successful candidate should be methodical, analytical and someone who pays attention to detail;
  • Ability to work independently and be creative and innovative; and
  • Proficiency in English and/or French, with a working knowledge of the other language.

  1. Remuneration

Remuneration of the consultant will be a function of the consultant’s experience in accordance with procurement guidelines.

Please attach an updated Curriculum vitae on the basis of the template attached. For short-listed candidates, an interview will validate & clarify the information provided in the CV.

Title of the Assignment:            
Department:              
Surname:     First Name:      
Birth Date:     Nationality:      
Address:     Country:      
Telephone:     E-mail:      
                 
  Are any of your family members (spouse/partner,   YesNo
  father/mother, brother/sister, son/daughter,  etc.)   If  « Yes »,  the  following  data
  employed in the African Development Bank?   must be provided
  Name Relationship Organisation Unit   Place of Assignment
                 
                 
               
  Language Level Read   Written   Spoken  
  English Fair   Fair   Fair  
    Good   Good   Good  
    Excellent   Excellent   Excellent  
  French Fair   Fair   Fair  
    Good   Good   Good  
    Excellent   Excellent   Excellent  
  Other (specify) Fair   Fair   Fair  
    Good   Good   Good  
    Excellent   Excellent   Excellent  

Key Qualifications:

Please provide (i) a summary of your experience and training highlighting the most relevant for the proposed assignment, and (ii) the responsibilities which you exercised. Utilise one half-page maximum.

Education (University Level and above only):

Name of University – City Period   Diploma Obtained Main Topic /
– Country       Major
From To  
     
         
         
         
         
         

Professional Training:

Name of Training Type of Training Period   Certificates or Diploma
Institution- City –   From From Obtained
Country    
       
         
         
         
         

Employment Record:

Begin with your most recent employment. For each job since your Master Degree achievement, please indicate:

  • Name of the Employer
  • Type of Activity/Business of the Employer
  • Title / Function
  • Place of Employment
  • Brief Description (three lines maximum) of main accomplishments and responsibilities

Reference:

Please indicate the name and address of three persons with no family relationship with yourself, familiar with your character and titles.

I hereby certify that the responses which I provided above are all, to the best of my knowledge, true, complete and accurate. I acknowledge that an inaccurate statement or essential omission in a personal declaration or another document required by the African Development Bank might result in the rejection of my application, termination of my Contract or any other administrative sanction by the Bank. The African Development Bank may verify any statements which I made in this application.

Date: ____________

Signature: