Africa

Principal Credit Risk Officer Job at AFDB

• Position title: Principal Credit Risk Officer
• Grade: PL-4
• Position N°: NA
• Reference: ADB/10/118
• Publication date: 25/08/2010
• Closing date: 25/09/2010

Objectives

• Formulate, review and update policies, guidelines and procedures relating to the Bank’s non-sovereign credit risk management.
• Develop, review and update methodologies, processes and systems for assessing and managing commercial risk.
• Monitor compliance with non-sovereign credit, capital adequacy and country exposure management policies and advise on the quality of the non-sovereign portfolio.
• Prepare summary credit risk notes identifying risks of individual non-sovereign transactions and advising on their mitigation.
• Provide technical supervision to junior staff in the design and implementation of their work program.

Duties and responsibilities

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

• Review/Prepare Summary Credit Risk Note for adequacy of rating, pricing and security packages.
• Contribute significantly to the development and updating of commercial credit risk management policies and guidelines, including procedures and processes for their implementation.
• Play critical role in the development and upgrading of commercial credit risk identification and assessment methodologies, including appropriate assessment, monitoring and management tools and systems.
• Monitor compliance with commercial credit risk and exposure management policies and guidelines and perform proactively on the quality of the non-sovereign portfolio, sensitivity analysis and stress.
• Identify specific risks of individual non-sovereign transactions in the pipeline or the portfolio under execution and recommend appropriate credit enhancement or risk mitigation measures.
• Prepare risk mitigations notes for special transaction and the portfolio identifying risks of individual non-sovereign transactions and advising on their mitigation.
• Prepare background documentation for country team meeting management review committees on non-sovereign transactions
• Advise appropriate pricing terms and conditions for non-sovereign transactions in consultation with investment officers.
• Participate in due diligence missions on non-sovereign transactions and supervision missions on active projects contributing to a better understanding of risks associated with them and of options for their mitigation
• Monitor credit risks in the non-sovereign portfolio analyzing the evolution of its 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 commercial credit risk and related issues.

Selection Criteria

Including desirable skills, knowledge and experience

• At least a Master’s degree or its equivalent in Finance, Business Administration or applied Economic
• At least six (6) years of relevant experience, of which 2 years as commercial credit
• Very good understanding of non-sovereign lending strategies, policies and guidelines including methodologies and processes for non-sovereign risks assessment and management as well as monitoring compliance with them.
• Very good ability to think proactively and to be resourceful without overreliance on supervisor
• Good mastery of statistical methods and accounting
• 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).

Document download

Principal Credit Risk Officer (109 KB)

• Submitted by: Benson MAINA, Ag 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 (preferably electronically, to: recruit@afdb.org) a fully completed Personal History Form (PHF), available from the Bank’s web site, and attach a comprehensive Curriculum Vitae (CV) indicating date of birth and nationality. The President, ADB, 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.

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