Location: Abidjan, Côte d'Ivoire
Position Grade: PL3
Position Number: 50088977
Posting Date: 14-Jun-2024
Closing Date: 13-Jul-2024
THE BANK:
Established in 1964, the African Development Bank Group (AfDB) is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 81 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 Bank Group’s new Ten Year Strategy (2024 – 2033) and ensure greater developmental impact, five major areas (High 5s), will continue be used to guide Bank operations, namely; energy, agribusiness, industrialization, regional integration and improving the quality of life for the people of Africa.
THE COMPLEX:
The Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.
HIRING DEPARTMENT / DIVISION:
As part of the Finance Complex, the Resource Mobilization and Partnerships Department (FIRM) has fiduciary responsibility for strategic concessionary resource mobilization, as well as donor relationship management and reporting, with the aim to complement and leverage the financial resources and instruments of the African Development Bank Group.
FIRM is comprised of two divisions – FIRM.1 and FIRM.2 with primary accountability to increase the pool and types of funding available to the Bank's regional member countries (RMCs). FIRM.1 is responsible for resource mobilization initiatives and partnerships with sovereign entities. It is mandated to mobilize, allocate and monitor resources for the Bank’s statutory capital, including the African Development Fund (ADF) the concessional window. FIRM.1 leads the partnership with sovereign entities such as bilateral aid agencies and manages most bilateral trust funds of traditional partners. FIRM.2 is responsible for managing relationships with new partners, emerging economies and non-sovereign partnerships. The Division is responsible for trust fund policy, promotes co-financing with multilateral development banks and bilateral agencies and finds ways to partner with non-traditional donors. It also provides guidance and oversight for the implementation of trust funds and special funds.
As the global financial architecture evolves, the Bank Group (comprised of the African Development Bank, the African Development Fund and the Nigeria Trust Fund) strives to be a leader in best practices and emerging developments in relation to resource mobilization and partnership approaches. A new Trust Fund Policy was approved in 2021 to ensure that the Bank Group’s trust funds are fit-for-purpose and to respond to both current and evolving requirements. The 2021 Trust Fund Policy proposed, among others, the following two key changes: 1) in addition to grants, trust funds can now receive and provide reimbursable grants, loans, equity, guarantees, and any other financial instrument available to the Bank; 2) the creation of the Project Specific Vehicle (PSV).
In addition, FIRM.2:
1. Leads the institution’s partnership with emerging shareholder countries (e.g. China, Korea, India,
2. Brazil) and their bilateral aid agencies; multilateral bodies including the European Union, the United Nations and African Union; and non-sovereign partnerships such as corporates and philanthropic foundations (e.g. the Rockefeller Foundation, Bill & Melinda Gates Foundation).
3. Leads the strategic negotiations for the setting up of financial vehicles and institutional frameworks necessary for the institution to accept external resources, including all co-financing facilities and trust funds financed by external partners;
4. Oversees fiduciary management of the institution’s bilateral and thematic trust funds and special funds; that is, mobilize, allocate, monitor and support the management of non-statutory capital ensuring compliance with the African Development Bank Group’s rules and the commitments taken upon the replenishment negotiations, as applicable;
5. Monitors and manages relationships with existing and new partners; serving as the secretariat for the review committee for new partnerships (i.e. Standing Committee on Partnerships);
6. Identifies innovative ways to partner with non-traditional donors and leverage new resource mobilization tools and approaches (e.g. project specific vehicle, crowdsourcing, block chain) to evaluate their potential applicability and viability for the institution;
7. Researches and positions the institution to respond to emerging thematic resource mobilization trends;
8. Assists other organizational units of the Bank Group to identify resources for their initiatives (i.e. Jobs for Youth Program, Climate Action Window), including through the coordination of the resource mobilization experts sitting within other Bank Group business units;
9. Houses innovative financial products and risk mitigation instruments which catalyze private capital to finance development in Africa (e.g. Private Sector Credit Enhancement Facility) under a blended finance approach.
10. Reports globally on the use of resources placed in trust at the African Development Bank Group to management and to outside parties, as required;
11. Develops and disseminates to internal and external audiences trainings, capacity building, guidance papers and policy documents on resource mobilization at the African Development Bank (e.g. member to MDB Roundtable on Trust Funds and Co-Financing, Business Opportunity Seminars).
THE POSITION:
The Resource Mobilization and Partnerships Department (FIRM) is responsible for the strategic resource mobilization and the leveraging of the financial resources and instruments of the African Development Bank Group. The department’s role is to increase the pool and types of funding available to the Bank’s Regional Member Countries, particularly for transformative projects in line with the Bank’s Ten-year strategy and High5s Agenda.
FIRM.2 is responsible for managing relationships with new partners, emerging economies and non-sovereign partnerships. The Division is responsible for the Bank Group Trust Fund Policy, promotes co-financing with multilateral development banks and bilateral agencies and finds ways to partner with non-traditional donors. It also provides guidance and oversight for the implementation of trust funds and special funds.
1. In this regard, the Chief Resource Mobilization & Partnerships Officer (PL-3) plays a central role in the department and division.
2. The PL-3 position supports the Division Manager with team coordination responsibilities including work program development and setting team objectives.
3. The PL-3 position is expected to review and screen documents before the Division Manager’s clearance.
4. In addition, the selected individual will contribute directly to managing, coordinating, monitoring, evaluating and reporting on both institutional relationships with external partners and financial commitments, with a focus on delivering impact and results to colleagues, donors and senior management.
5. The successful candidate will be directly implicated in mobilizing and deploying the Bank Group’s resources, by contributing to the planning, conceptualization, elaboration and operationalization of key Bank Group key resource mobilization and partnerships processes, programs and projects.
KEY FUNCTIONS:
Under the supervision and guidance of the Division Manager, the Chief Resource Mobilization and Partnerships Officer will:
1. Take a leadership role in the organization and coordination of the Bank’s trust fund and non-core resource portfolio, including the management of relationships with key internal and external clients, as well as contributing to discussions, papers, presentations on trust funds and related issues (e.g., approaches to grow the trust fund and non-core resources; alternative sources of funding; innovative vehicles; crowdsourcing; blended finance etc.);
2. Lead and/or contribute to the development of strategic options for positioning the Bank Group in the global aid architecture, mobilizing and deploying its resources, by contributing to the planning, conceptualization, elaboration and presentation of the Bank Group key resource mobilization and negotiation documents;
3. Play a key role in coordinating resource mobilization through co-financing, trust funds, special initiatives and any other innovative partnership mechanisms; while also promoting the utilization of mobilized resources by user Departments, monitoring their disbursement, and preparing progress reports/financial reports to the respective Donors;
4. Facilitate the coordination and collaboration between Bank Group business units and external partners and/or sovereign donors as assigned;
5. Task manage specific resource mobilization efforts including but not limited to statutory and/or non-statutory replenishments, co-financing, fundraising for trust funds or special initiatives and launching of any other innovative partnership mechanisms with the Bank Group’s sovereign and non-sovereign partners;
6. Serve as a Fund Manager, overseeing the administration and monitoring of existing and new resource vehicles (trust funds), so as to ensure organizational compliance with donors’ financial and programmatic reporting requirements and with Bank policies, with a focus on impact and results for Africa’s development;
7. Consistently monitor and evaluate disbursement rates and grant-level activities, and review activity progress reports, project completion reports, audit reports and other evaluation outputs from the grantees;
8. collect financial statements from the accounting department to assess corrective actions if required; submit documents for review by the respective donor(s); ensure the legal and financial continuity of the Fund;
9. Serve as the external focal point for assigned donors and initiatives, responding to ad hoc queries and ensuring the highest level of visibility for the partner and the uses to which resources placed in trust have been applied;
10. Assure a support and oversight role for donor-funded Funds and other Initiatives managed by other Bank Group business units; ensure organizational compliance with donors’ financial and programmatic reporting requirements and with Bank policies, with a focus on impact and results for Africa’s development; participate in the different committee meetings (e.g. technical review committee, oversight committee) and review the documents submitted (e.g funding requests, annual report, annual work plan and budget); support donors relationship and resource mobilization efforts;
11. Build sector expertise related to the portfolio of Funds overseen to provide relevant guidance regarding potential donors, resource mobilization trends and opportunities for synergy with similar initiatives;
12. Provide internal stakeholders with technical advice and information on the priorities and availability of development partner and donor funding to strengthen opportunities for fundraising of targeted Bank Group initiatives;
13. Contribute to the design and implementation of key systems and processes for the strengthening of the operational environment for resource mobilization and management, and partnerships management, improving overall the quality of client services provided by the department; it includes contributing to the development of management systems (e.g. application, software), updating and or developing related implementation procedures and operational guidelines for receipt and use of funding or new financial instruments, and being responsive to the Bank Group business units’ needs;
14. Serve on the Secretariat of the Standing Committee on Partnerships (SCP) and contribute to the monitoring of new and existing partners, including supporting other Bank Group business units in the establishment of new partnerships and regularly evaluating the performance and strategic alignment of existing partnerships.
15. Assist or lead in the organization of regular internal and external outreach events for the benefit of staff and other stakeholders to explain the activities of the different funds, facilities and instruments of the Bank Group;
16. Participate in and contribute to key partnerships meetings and conferences (including those with other Multilateral Development Banks, international philanthropic organizations, global Funds annual meetings, thematic conferences) to seek new resource mobilization and partnership opportunities for the Bank Group;
17. Serve as an advisor on documentation presented for review to various relevant internal committees including Operations Committee (OPSCOM);
18. Provide significant support to the Division Manager in elaborating the Division’s objectives, work programs and their execution while ensuring that deadlines are met and that outputs meet the highest technical standard. Support to the Division Manager will include extensive reading, reviewing and writing of documents relating to the Division’s core business and which require, in some cases, the Manager’s clearance before submission to Senior Management.
19. Support the department’s engagement with donors on climate change issues (including climate finance) and serve as the department expert on the topic.
|
COMPETENCIES (skills, experience, and knowledge):
1. Hold at least a Master’s Degree in either: (a) Social sciences (law, public policy, international affairs, economics, politics, diplomacy, etc.), (b) Economics (including agricultural, environmental) and finance, (c) Environmental science, climate science, natural resource management, (d) Other relevant fields;
2. Have a minimum of six (7) years of relevant and work experience in resource mobilization and/or partnerships, preferably within a (i) public financial institution and/or non-profit sector; or (ii) private sector, with a clear and established operational track record of achieving results;
3. Strong grasp and understanding of key trends in international development finance (e.g. knowledge of ODA approaches and policies of major international donors as part of OECD-DAC, as well as emerging donors; bilateral and multilateral agency fundraising and partnership trends in the short-, medium-, and long-term) and an ability to identify the strategic fit of new partners, products and services in the global marketplace and what these may imply for the Bank Group’s fundraising efforts at any given time;
4. Mature donor relationship manager with ability to balance the needs and requests of external donors against the policy environment of a multilateral development bank;
5. Demonstrable experience in mobilizing climate finance, with experience in trust fund management would be an advantage
6. Excellent technical skills in climate change and deep knowledge of the various climate change conventions as well as ease in presentation of views on complex climate adaptation/mitigation issues in an effective manner would be an advantage
7. General knowledge of the Bank Group’s shareholders, various financial vehicles and facilities, capitalization ambitions, and volume of its lending activities;
8. Proven consultation and diplomacy skills, with track record of effectively contributing to the conclusion of complex negotiations with public and private institutions; proven ability to persuade, influence and win over a skeptical audience; and tailor arguments to all levels of stakeholders;
9. Strong professional network within the international development community;
10. Evidence of operational effectiveness in the execution of discrete tasks (e.g. demonstrable ability to meet fundraising targets);
11. Determined and client-oriented problem solver, willing to be flexible and use innovation & creativity in the face of challenges;
12. Ability to communicate effectively (written and oral) in English and/or French, preferably with a working knowledge of the other language; Ability to demonstrate cultural, gender, religion, race, nationality and age sensitivity and adaptability;
13. Competence in the use of standard software (Word, Excel, Access, PowerPoint); knowledge of SAP and Customer Relationship Management (CRM) software a plus.
14. Team player, with an ability to manage and supervise junior and/or support staff or consultants, as required.
THIS POSITION IS CLASSIFIED INTERNATIONAL STATUS AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.
Should you encounter technical difficulties in submitting your application, please send an email with a precise description of the issue and/or a screenshot showing the problem to: HR Direct HRDirect@AFDB.ORG(link sends e-mail)
Apply for this position
1- Regular Staff
If you are currently working at the African Development Bank as a regular staff, click on the button below to apply for this position.
2- External Candidate
If you are not currently working at the African Development Bank, or if you are a Short Term Staff (STS), a Technical Assistant or a Consultant at the Bank, click on the button below to apply for the position.
To apply for this position, you need to be national of one of AfDB member countries.
Applicants who fully meet the Bank's requirements and are considered for further assessment will be contacted. Applicants should submit a concise Curriculum Vitae (CV) and any additional documents that may be stated as required. The President of the African Development Bank reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer. Female candidates are strongly encouraged to apply. http://www.afdb.org
|
English 
FRENCH
