1. The Asset and Liability Management Division (FIFM.1) is responsible for the formulation and promulgation of asset and liability management policies and guidelines for the Bank Group, ensuring internal consistency of all financial policies and guidelines including those initiated and developed by the other departments in the Finance Complex, and monitoring and reporting on compliance thereof. The division's primary focus is the management of financial risks associated with the Bank Group's capital mobilization, borrowing, lending, and investment activities. The division takes the lead in developing and implementing models for producing financial projections and for proposing measures to ensure satisfactory financial performance for the Bank Group.
2. FIFM.1 also serves as the Bank’s key liaison with international credit rating agencies (S&P, Moody’s, Fitch, and JCR), supporting the objective of maintaining strong creditworthiness and preserving the Bank’s triple-A rating and its access to capital markets on competitive terms. In this role, FIFM.1 coordinates the Bank’s engagement with the major rating agencies, facilitates the timely and consistent provision of financial, risk, capital, liquidity, and institutional information required for rating assessments, and supports Management in articulating the Bank’s financial strength, risk profile, capital adequacy, and policy framework. FIFM.1 also monitors developments in rating methodologies and assesses their implications for the Bank’s key rating metrics, providing analysis and strategic advice to help ensure that financial policies, balance sheet decisions, and capital management initiatives remain aligned with the Bank’s objective of safeguarding its credit standing and long-term financial sustainability.
B. Scope of work
The incumbent will assist the FIFM.1 division in discharging its asset and liability management duties for the Bank Group. More specifically, the role will involve:
ADF Market Borrowing Option (ADF MBO) • Supporting the team with the implementation of the ADF Market Borrowing Option; • Drafting of the Medium-Term Financial Outlook (MTFO) for the Fund • Providing support to the review of the ADF financial model to ensure long-term financial sustainability and to achieve/preserve the Fund’s target credit rating. The ADF financial model should have built in sufficient buffers to ensure that Donors will not be solicited beyond their regular subscriptions to the ADF.
Achieving “aaa” Standalone Credit Rating (SCP) from Fitch • Leading a taskforce to deliver the following in achieving an SCP of “aaa” from Fitch: o Improving the weighted average rating of loans and guarantees after Preferred Credit Status (PCS). o Maintaining a non-performing loan (NPL) below 1%. o Reducing the concentration of the five (5) largest exposures to total banking exposure (TBE) to below 20%. o Maintaining excellent FRA and E/A ratios with buffers. o Improving “Business Environment” notching. o Maintaining equity risk of ‘very low’ (below 5%) with the potential of issuing hybrid capital as equity investments. • Developing financial models and conducting scenario and sensitivity analyses to assess the impact of the above measures, as well as other balance sheet and financial management initiatives, on the Bank’s Fitch credit metrics and progress toward achieving an ‘aaa’ SCP. This includes evaluating the implications for the Bank’s financial position, prudential ratios, capital adequacy and lending capacity, and presenting strategic options and recommendations for Management’s consideration.
General: • Help in the elaboration of the key documents for the division; and • Perform any other task agreed with the division manager on an ad-hoc basis.
C. Deliverables Expected
The Consultant’s deliverables include, but are not limited to the following: • Provide support to the team on ALM matters and more specifically on the implementation process of the ADF MBO; • Drafting of the MTFO for the Fund • Leading a taskforce of deliverables in achieving an SCP of “aaa” from Fitch; and • Contribute to the formulation of adhoc reports that may be requested by Management in the course of the assignment.
D. Duration and Timetable for the Assignment
The duration for the Assignment will be six (6) months and planned to start from 01 December 2026.
E. Bank Contribution and Institutional Arrangement
The budget for this six months assignment is UA74000.
F. Duty Station
The assignment will be carried out primarily remotely. However, should the Consultant’s physical presence at the Bank’s headquarters be required, appropriate arrangements will be made accordingly.
G. Essential Specialized Skills/Knowledge/Competencies
1. The Consultant shall be a professional of high repute, who has at least 10 years working experience in Asset & Liability Management, Capital Markets and the Rating Process, Financial Projections, Debt Allocation, Interest Rate Risk, Liquidity risk and Currency Risk management, as well as solid knowledge of Fund Transfer Pricing concepts;
2. Experience of forecasting refinancing needs, P&L and balance sheet of financial services/banking entities;
3. Working experience with Excel worksheets;
4. Professional certificate in Finance/Accounting is an added advantage;
5. Should have good analytical skills and an eye for details;
6. Knowledge of how to assist an institution to achieve a superior credit rating and helping it prepare to execute borrowings in international capital markets is a core competency for the project;
7. He/she should be fluent in English or French with working knowledge in one of the other language;
8. Knowledge of the African Development Bank and its operations would be an advantage; and
9. Knowledge of the operations of Multilateral Development Banks is an added advantage.
H. Supervisor
The Consultant will report to the Manager of the Asset and Liability Management Division (FIFM1).
Consultancy Input Days
130.00
Qualifications
Qualification
Assessment
Regular Consultant
Less than 32 years old at the time of signing the contract and during contract execution
