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The African Development Bank Group
Chief Commercial Credit Officer - Non - Sovereign Credit Risk
Côte d'Ivoire
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The African Development Bank Group
Division Manager, Governance And Economic Management (ECGF1 And ECGF2)
Côte d'Ivoire
Chief Commercial Credit Officer - Non - Sovereign Credit Risk
Closing: May 19, 2024
Closing todayPublished: May 1, 2024 (18 days ago)
Job Requirements
Education:
Work experience:
Language skills:
Job Summary
Contract Type:
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- Hold at least a Master's Degree in Risk Management, International Finance or Economics
- Have a minimum of 7 years of work experience in credit assessment in private sector banking or multilateral development banking.
- Hands-on experience in credit risk assessment, deal negotiation, and structuring in emerging and underdeveloped markets.
- Familiarity with project finance, corporate lending, lending to financial institutions and private equity funds.
- The ability to build risk tools and methodologies is desirable.
- Knowledge of capital adequacy standards is required.
- Considerable knowledge and experience of credit risk management techniques, sophisticated risk management products, and risk management best practices.
- High degree of personal commitment, interpersonal skills with clear strategic vision and proven communication and leadership skills.
- Teamwork and Relationships: Works with others to maximize the effectiveness of the team as a whole, sharing the knowledge and workload. Develops strong working relationships with colleagues and contributes to the creation of a positive team environment.
- Operational effectiveness: The commitment to ensure that full use is made of the systems, procedures and culture within the organization in order to deliver the required results.
- Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolution.
- Innovation & Creativity: The commitment to search for and produce innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients.
- Communication: Provides clear and concise oral and written communication; presents oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience.
- Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
- Competence in the use of standard Microsoft Office Suite applications (Word, Excel, Access and Power Point); knowledge of SAP (or other integrated document management system or quantitative and qualitative data analysis packages is an added advantage.
Responsibilities
- Hold at least a Master's Degree in Risk Management, International Finance or Economics
- Have a minimum of 7 years of work experience in credit assessment in private sector banking or multilateral development banking.
- Hands-on experience in credit risk assessment, deal negotiation, and structuring in emerging and underdeveloped markets.
- Familiarity with project finance, corporate lending, lending to financial institutions and private equity funds.
- The ability to build risk tools and methodologies is desirable.
- Knowledge of capital adequacy standards is required.
- Considerable knowledge and experience of credit risk management techniques, sophisticated risk management products, and risk management best practices.
- High degree of personal commitment, interpersonal skills with clear strategic vision and proven communication and leadership skills.
- Teamwork and Relationships: Works with others to maximize the effectiveness of the team as a whole, sharing the knowledge and workload. Develops strong working relationships with colleagues and contributes to the creation of a positive team environment.
- Operational effectiveness: The commitment to ensure that full use is made of the systems, procedures and culture within the organization in order to deliver the required results.
- Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolution.
- Innovation & Creativity: The commitment to search for and produce innovative and creative approaches to activities in order to enhance performance and create added benefits to the Bank and its clients.
- Communication: Provides clear and concise oral and written communication; presents oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience.
- Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
- Competence in the use of standard Microsoft Office Suite applications (Word, Excel, Access and Power Point); knowledge of SAP (or other integrated document management system or quantitative and qualitative data analysis packages is an added advantage.
Under the overall supervision and guidance of the Unit Head PGRF1, the Chief Commercial Credit Officer performs the following:
Assess non-sovereign credit risks by:
- Preparing Summary Credit Notes, advising appropriate credit risk ratings, and making recommendations with respect to the further processing of individual transactions.
- Regularly reviewing existing transactions and their credit ratings as well as the adequacy of impairment provisions.
- Assessing specific risks of proposed individual non-sovereign transactions and recommending appropriate credit enhancement or risk mitigation measures.
- Advising operations departments on the correct structuring of transactions with a view to mitigating risk.
- Participating 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 risk mitigation options.
- Advise appropriate pricing terms in consultation with syndication and investment officers.
- Participate in the development and updating of commercial credit risk management policies, guidelines, processes, and procedures for their implementation by:
- Regularly reviewing the adequacy and appropriateness of policies, guidelines, and procedures and proposing amendments as they may become necessary.
- Participating in the development and upgrading of commercial credit risk identification and assessment methodologies, including appropriate assessment, monitoring, and management of tools and systems.
Participate in portfolio monitoring and reporting by:
- Monitoring of compliance with existing credit limits, KPIs, and thresholds.
- Establishing and forecasting trends with respect to portfolio concentrations and proposing portfolio management initiatives to mitigate concentration risks.
- Preparing technical notes and/or papers or conduct studies of interest to the Bank on commercial credit risk and related issues.
Participate in risk-related discussions by:
- Participating in management review committees and Board Committee sessions on non-sovereign transactions.
- Propagating a risk culture and serving as the technical focal point.
- Interacting with Internal and External Auditors and Rating Agencies.
- Be responsible for the functioning of the Credit Risk Committee (CRC) Secretariat by:
- Preparing meeting minutes and decision notes related to the CRC.
- Coordinating the process flow between sector departments, regions, and other committees.
- Assume supervisory responsibilities and provide training, mentoring, and coaching to junior staff and the wider ecosystem.
- Lead ad hoc assignments related to non-sovereign credit risk issues and technical working groups
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