PRINCIPAL INVESTMENT
OFFICER / SENIOR INVESTMENT OFFICER
OBJECTIVES
The primary role of the Financial Sector Development Department (OFSD) is to help the regional member countries (RMCs) increase reach (e.g. financial inclusion), depth (e.g. financial intermediation) and breadth of financial systems (e.g. capital market, cross-border development). The mission of the Department has four long-term objectives: (i) development of a vibrant private sector through an
inclusive access by households and
enterprises to financial services; (ii) strengthening markets participants;
(iii) developing efficient capital markets, and (iv) deepening regional
financial integration.The primary role of the Financial Sector Development Department (OFSD) is to help the regional member countries (RMCs) increase reach (e.g. financial inclusion), depth (e.g. financial intermediation) and breadth of financial systems (e.g. capital market, cross-border development). The mission of the Department has four long-term objectives: (i) development of a vibrant private sector through an
The Financial Institutions Division (OFSD.1) of
OFSD focuses on supporting FIs to on-lend to infrastructure, agribusiness,
women businesses, SMEs, etc. In particular the Division: (1) engages in
intermediation through FIs (primarily commercial Banks as well as credit
unions, savings banks, post offices, etc.); (2) conducts rigorous evaluations
of FIs to extends support to enhance FIs on-lending to SMEs; (3) engages in
dialogue with apex bodies and initiatives to promote access to
finance; (4) supports equity investments in the FSD ecosystem, and incubates
work on remittances, collateral registries, credit bureaus, etc.
DUTIES AND RESPONSIBILITIES
Under the general supervision of the Manager, OFSD.1, the Principal/Senior Investment Officer will perform the following duties and responsibilities:
1. Participating in or leading the preliminary evaluation of both lending and non-lending projects. This involves the initial screening of project applications, carrying out of desk reviews and evaluation of feasibility studies, preparing preliminary evaluation notes for presentation to the Department Management Team and more detailed project concept notes to obtain concept clearance for full appraisal or fact-finding missions.
Under the general supervision of the Manager, OFSD.1, the Principal/Senior Investment Officer will perform the following duties and responsibilities:
1. Participating in or leading the preliminary evaluation of both lending and non-lending projects. This involves the initial screening of project applications, carrying out of desk reviews and evaluation of feasibility studies, preparing preliminary evaluation notes for presentation to the Department Management Team and more detailed project concept notes to obtain concept clearance for full appraisal or fact-finding missions.
2. Participating in or leading the
planning and execution of appraisal and fact-finding missions. This includes
developing terms of reference for the mission and for short-term consultants to
be engaged for the mission, coordinating the work of the mission team which
usually includes professional staff from other departments within the Bank, and
carrying out independent research. The work also includes assessing the
risks of projects and advising on appropriate structure or conducting
preliminary negotiations with sponsors.
3. Preparing or leading the preparation
of project appraisal reports for presentation to the Department, the various
review committees and finally to the Board of Directors. Develop
innovative and appropriate financial structures for complex transactions.
4. Ensuring that all conditions precedent
have been fulfilled on a timely basis and all fees are billed and collected
from clients.
5. Developing relationships within the Bank
and with other institutions involved in financial markets development;
represent the Bank at and participate in seminars, workshops and conferences
dealing with financial markets issues.
6. Playing an active role in coaching and
mentoring more junior investment officers.
7. Coordinating closely with social
environmental and technical assistance colleagues in order to add value to our
clients’ businesses, find pragmatic solutions to the specific sector
challenges, and achieve sustainable development impact.
8. Assist in integrity due diligence for
potential clients.
9. Maintaining knowledge of African
financial markets & transaction structuring and provide market intelligence.
10. Building and maintaining strong
relationships with clients, global and regional private businesses, banking and
multilateral partners to deepen the financial sector and to develop
specific investment opportunities.
SELECTION CRITERIA
Including desirable skills, knowledge and experience
1. A minimum of a Master’s degree or its equivalent in Development Economics, or any other discipline that is relevant to the operations of the Bank; strong knowledge of socio-economic development issues and policies of African countries.
Including desirable skills, knowledge and experience
1. A minimum of a Master’s degree or its equivalent in Development Economics, or any other discipline that is relevant to the operations of the Bank; strong knowledge of socio-economic development issues and policies of African countries.
2. A minimum of six (6) years of relevant
professional experience for PL-4 grade level and a minimum of five (5) years
for PL-5 grade level.
3. Demonstrated good knowledge of RMCs or
developing economies, the capacity of conceptual and strategic analysis,
and good command of undertaking comprehensive due diligence including financial
analysis of financial institutions, including banks, non-bank financial
institutions and private equity funds.
4. Demonstrated good knowledge of
applying a variety of financial intermediation instruments such as debt,
equity, guarantees, and other complex financial deal structuring.
5. Ability to identify possible
shortcomings of client (financial) institutions and to propose solutions,
formulated through detailed technical assistance proposals.
6. Capacity to conduct independent
research and analyses, identify problems, propose solutions, and make
recommendations to Management.
7. Capacity to prepare reports and
documents. Capacity to present and defend the consistency of proposed programs
and projects. Capacity to work within specified time limits.
8. Strong interpersonal skills and
ability to interact directly and independently with senior management of
potential clients, financial and technical partners, and government officials,
and colleagues from various cultural backgrounds.
9. Excellent communication skills to
support and guide more junior investment officers.
10. Ability to communicate and write
effectively in French and/or English. Capabilities in both languages will be an
asset.
11. Competence in the use of standard MS
office applications (Word, Excel, Access, and PowerPoint)
DUE DATE: 6
December, 2015
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