Job Reference number: EADB/HI/2013
Job Location: Uganda – tenure up to three (3) years
About East African Development Bank:
The East African Development Bank (EADB) is an international development finance institution, whose mandate is to promote the sustainable economic development of Kenya, Uganda, Tanzania and Rwanda. Shareholders of the EADB include the African Development Bank (AfDB), and other international financial institutions.
The EADB seeks to identify competent, professional and experienced individuals committed to the development of East Africa to take up the following positions:
About the Job
The Head of Investment is responsible for advising the EADB on how best to manage its funds in order to achieve its mandate, including the socio economic development of the East African region. The position’s primary roles are to assist the EADB acquire funds for investment, to assist and guide management in making astute investment decisions and to provide timely and accurate financial information.
Key Job responsibilities
- Develop and implement the EADB’s investment strategy, policies and guiding principles to ensure that the department and the Bank operate within the EADB’s mandate.
- Develop and implement fund development plans and revenue generation strategies to enable the Bank meet its financial objectives.
- Develop growth strategic initiatives for the Bank including market expansion opportunities and present them to the Director General and the Board for consideration.
- Devise means of acquiring funds for the Bank and ensure that it has the necessary funds to meet its business and operational requirements.
- Advise management on investment decisions and management of associated risks to ensure that all investments yield the projected returns.
- Actively assess the market place to understand the EADB’s market needs to facilitate the development of suitable investment products.
- Liaise with the Bank’s clients to understand their strategies and needs to effectively support and align their investment needs to the EADB’s investment goals and financial objectives.
- Establish appropriate financial models to address the client needs and support solution delivery.
- In collaboration with the communication team, develop strategies of generating demand for the EADB’s products and services.
- Liaise with decision makers to understand the strategic direction and development focus of the member states in order to position the EADB appropriately to contribute to that development.
- Conceptualize, negotiate and document innovative alliances/ business arrangements with development partners.
- Market the EADB internationally in order to attract investment partners to enable the Bank achieve its mandate.
- Match investment partner interests with the EADB’s financial needs at the lowest cost whilst ensuring that the EADB’s values and mandate are not compromised.
- Study and anticipate market trends in order to provide effective investment advisory services to internal and external stakeholders.
- Conceptualize, structure and negotiate complex business transactions on behalf of the Bank.
- Monitor and ensure that the EADB promptly repays its debts and meets all other financial and statutory obligations.
- Continuously assess the performance of the EADB’s investments and document/ communicate the returns and impact to East Africa’s development.
- Collaborate with finance, risk, legal and operations staff to build a congruent team of investment bankers and deliberately share investment knowledge to unify the team’s vision and objectives.
- Research local, regional and international regulations and trends to determine their impact to the EADB’s investments.
- Ensure availability of economic information to facilitate investment decisions.
- Advocate for and participate in development and/ or review of financial policies at local, regional and international level that support the EADB’s mandate.
- Account for and report the EADB’s investment performance to the Director General and the Board on a quarterly and annual basis.
- Participate in stakeholder management to meet partner and client expectations and facilitate stakeholder retention.
- Perform any other duties assigned by Management.
Bachelor’s degree in Economics (Econometrics), Mathematics (with a financial specialisation), Commerce (Accounting option) or other relevant field from a recognised university.
Master’s degree in Accounting, Business, or Finance from a recognised university.
Formal accounting qualification (CPA, ACA, ACCA, CIMA, CFA or CIPFA) from a recognised Accounting body and membership in the relevant professional body.
Experience
- A minimum of ten (10) years’ experience heading a finance function in a large development or investment or multinational bank, and a minimum of three (3) years working in the Treasury Department of a similar financial institution with a track record of success in business and financial management.
- Knowledge of development finance and astute investment management.
- Experience in managing a portfolio of currencies.
- Experience in resource mobilisation and capital markets transactions in particular.
- Expert knowledge of financial and accounting procedures preferably in a development finance institution; knowledge of International Financial Reporting Standards, International Public Sector Accounting Standards and International Standards on Auditing.
- Experience in treasury operations; asset/liability management; swap book management and liability funding; credit management, funds transfer pricing and product pricing. Practical experience in concluding resource mobilization transactions in the local and international capital markets, donor community and IT literacy.
- Familiar with structuring and negotiating documentation for complex transactions. Such documents include transactions agreements and security documentation for, but not limited to, secured and unsecured cross border lending and borrowing transactions, swaps and derivative transactions, cross border capital market or corporate finance transactions (bonds, IPOs).
- Strong financial acumen, drive, strategic vision, inspirational leadership qualities, and proven capacity to manage multi-discipline and multi-national teams and to deliver success through change management.
Additional skills.
Strong negotiation skills.
Excellent communication, networking and relationship management skills.
Proven strategic thinking, problem solving and leading abilities.
Excellent at building relationships across different levels, stakeholders and culture.
Well organized with attention to detail.
Applications procedure.
If your career aspirations match these challenging and exciting roles, please write in confidence quoting the position title on the subject of the email or cover letter .
Applications, including your curriculum vitae, a working e-mail address, daytime telephone contacts, qualifications, experience, present position, current remuneration, names and addresses of three referees should be sent to esdeadb@kpmg.co.ke.
Applicants for all positions must be nationals of the EADB Member States except where expressly indicated. Applicants who had earlier applied for re-advertised positions should not apply for the same positions.
Applicants will be required to address the following information directly to KPMG:
1) A reference letter from their immediate past employer.
2) A character reference from an individual who has known the applicant for at least 3 years.
The EADB reserves the right not to offer or make any appointments, and to offer and make appointments on other terms and conditions. Successful candidates should be ready to assume duty before 1 October 2013.
EADB will only contact applicants being considered for an interview.
Closing date for applications:- Monday 22nd July 2013.
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