The Arab Bank for Economic Development in Africa (BADEA) is an independent international financial institution owned by eighteen (18) Arab countries, members of the League of Arab States. It is governed by the provisions of its Establishing Agreement and the principles of international law. BADEA aims at strengthening economic, financial and technical cooperation between Arab World and Sub -Saharan African countries and the embodiment of Arab African solidarity based on equality and friendship. To achieve these objectives, BADEA was mandated to execute the following functions
- Contribute to the financing of economic development of African countries.
- Encourage the participation of Arab capital in African development.
- Contribute to the provision of the necessary technical assistance for development in Africa
BADEA is headquartered in Riyadh, the capital of the Kingdom of Saudi Arabia
Job Purpose :
provide analytical support and risk oversight to the Investments Department in the management and investment of BADEA’s liquid assets and investments portfolio, within the general governance framework of the Board Approved Liquidity Policy, Asset and Liability Management (ALM) Policy, Investments Policy Statement, and Credit Risk Exposure Management Policy (CREMP).
Duties and Responsibilities :
Ongoing monitoring of BADEA’s business processes and financial profile to identify any changes that might have an impact on BADEA’s credit rating and recommending the necessary responses.Ongoing liaison with international rating agencies and the main point of contact for all matters related to BADEA’s external rating.Collect all required information from different departments of BADEA and accurately complete all rating models and provide any other information required by rating agencies.Develop and update internal data models linked to the external rating agency models to ensure accurate, faster and efficient rating / review processes.Liaise with external consultants involved in the credit rating processContribute towards internal and external initiatives to improve BADEA’s own / internal credit ratings for beneficiary entities, projects and countries to better measure and manage BADEA’s credit risk.
Requirements of the post :
Qualifications :
Hold at least a master’s degree or its equivalent in Business Administration, Finance, Banking or related field (5 years of banking experience in Market Risk).Familiarity with the credit rating methodologies of international rating agencies (Moodys, Fitch and S&P) preferably with prior working knowledge / experience in the same.Strong analytical skills with a deep understanding of financial statement analysis and accounting concepts.Ability to deal with large volumes of data, proficiency with figures and the ability to maintain accuracy and be detail oriented while complying with deadlines.Strong Excel / Word / PowerPoint and database application skills. Ability to prepare forecasts based upon reasoned assumptions will be required.Professional certification in Risk and / or Finance such as Financial Risk Manager (FRM), Professional Risk Manager (PRM), Chartered Financial Analyst (CFA) or Certificate in Quantitative Finance (CQF) will be advantageous.Have a minimum of four (4) years of relevant professional experience in International Financial Institutions or Investment Banks, with a large scope of credit analysis.Ability to communicate effectively (written and oral) in English (required), Arabic (strong advantage), and French (desired).Able to work effectively in a fast-paced environment, possesses strong interpersonal and communication skills, is customer-oriented, and demonstrates excellent presentation skills in front of internal and external audiences.Personal and Behavioural Skills :
Uphold integrity and confidentiality, adhering to professional transparency standards while operating and leading in a multicultural environment.Administrative and leadership skills with the ability to work independently, and in a collaborative team spirit.Adaptability and adherence to regulations, laws, and compliance standards.High communication, negotiation, and interpersonal skills.Strong organizational, coordination, and follow-up abilities.Charismatic personality with eloquence.Creative thinking, effective planning, team collaboration, and initiative spirit.Ability to successfully adapt to and lead changes and promote best practices.Self-motivation, initiative, professionalism, and commitment to continuous learning and development.Working under pressure with flexibility.Efficient time management and performance management.Duration of the contract :
One year, renewable, with a three-month probation period.
Advantages :
BADEA provides competitive compensation based on academic qualifications and work experience.#J-18808-Ljbffr
