Chief Portfolio Management Officer Credit Risk Officer - Credit Risk Management Division

Objectives

• Forward looking proactive credit risk portfolio analysis and management
• Correlation analysis, diversification and quantitative stress testing to create a new risk mitigation proposition in line with overall Balance Sheet management view
• Development and implementation of the structured credit products solutions for portfolio and risk optimization. Provide assistance for risk pricing and new product development
• Leadership on separate projects such as portfolio modelling and implementation of portfolio, hedging and collateral management instruments
• Formulation, review and update of policies, guidelines and procedures relating to the Bank’s sovereign and non-sovereign credit risk and portfolio management
• Upgrading of the Bank’s credit risk portfolio reporting standards to the state of the art levels
• Proactive credit risk portfolio monitoring including analysis and evaluation of credit risk of complex project finance deals and corporate sponsors for existing transactions

Duties and responsibilities

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

• Lead the development and updating of commercial credit risk and risk portfolio management policies and guidelines, including procedures for their implementation
• Drive the design and implementation of the new credit risk report template of the Bank within the Risk Dashboard framework
• Developing and upgrading the credit risk portfolio analysis, management and reporting. Provide supervision, expertise and training to portfolio management staff
• Monitor credit risks in the sovereign and non-sovereign portfolio analysing the evolution of 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 or conduct studies of interest to the Bank on portfolio management, diversification and risk mitigation
• Participate in critical due diligence missions on new key non-sovereign exposures and workouts
• Introduce the use of structured products for credit risk mitigation. Introduce the use of risk diversification and collateral management for credit portfolio optimization. Advice credit officers on risk mitigation
• Be the focal point for technical interaction with other internal Financial Department units in charge of credit portfolio monitoring as well as outside client institutions and individuals
• Lead technically staff of the portfolio Management Sector and the Credit Risk Division to ensure that tasks assigned are well executed and on time according to standards
• Be part of the Internal Risk Committee (IRC) by making recommendations to the Bank’s institutional risk oversight bodies

Selection Criteria

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 seven (7) years of relevant experience related to commercial credit risk and portfolio management: development of new instruments, policies and guidelines as well as methodologies and procedures
• Previous experience in the state of the art credit portfolio management in a complex financial institution is needed
• High level professional knowledge of qualitative and quantitative credit portfolio management techniques and structured credit 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
• Knowledge of capital adequacy standards is required
• 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
• Competence in the use of Bank standard software (Word, Excel, Access and PowerPoint).

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Chief Portfolio Management Officer Credit Risk Officer - Credit Risk Management Division (261 KB)

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Apply for this position

To apply for this position, you need to be national of one of AfDB member countries.

• Submitted by: Mohamed Youssouf, Division Manager, CHRM.1
• Approved by: Gemina Archer-Davies, Director, CHRM

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 AfDB President 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: www.afdb.org/jobs