April 19, 2024

Apply for Chief Quantitative Risk Officer Job Recruitment at African Development Bank Group (AfDB). This AfDB Vacancy and ongoing recruitment is open candidates, so kindly apply as quickly as attainable.

Chief Quantitative Risk Officer Job Recruitment on the African Development Bank Group (AfDB)

Job Title: Chief Quantitative Risk Officer

Position Number: 50076381
Location: Abidjan, Cote d’Ivoire
Position Grade:  PL3

The Complex

  • The President, plans, supervises, and manages the enterprise of the Bank Group. Under the route of the Boards of Directors, the President conducts the enterprise of the Bank and the African Development Fund and manages operations and actions in accordance with the Agreements establishing the African Development Bank and the African Development Fund.
  • The President supervises a number of Departments and Units together with the Office of the President; Independent Development Evaluation Department; Integrity and Anti-Corruption Department; Compliance Review and Mediation Unit; Secretariat to the Sanctions Appeals Board; Administrative Tribunal; Office of the Auditor General; Group Risk Management Directorate; General Counsel and Legal Services Department; Communication and External Relations Department; Staff Integrity and Ethics Office and Office of the Secretary General & General Secretariat.

The Hiring Department

  • The Risk Management Department (PGRF) develops insurance policies and tips, methodologies, and programs referring to credit score danger evaluation, market danger, and operational danger, and in addition to ensures inner consistency of the entire Bank’s danger administration insurance policies and tips, together with these initiated and developed by different departments.
  • The division’s major mandate is to safeguard the Bank’s monetary integrity and consolidate all core-risk administration actions of the Bank to be able to train complete oversight over the Bank’s danger publicity. In delivering its mission, PGRF focuses largely on selling the Bank Group’s strategic targets inside an outlined danger tolerance framework.

The Position

  • The total function of the Chief Quantitative Risk Officer is to determine and monitor the credit score danger and make sure the integrity of economic danger fashions and the reasonableness of assumptions used.
  • The job holder ensures compliance with the capital adequacy coverage and International Financial Reporting Standards necessities, optimizes the area lending program concerning the focus danger and formulates, critiques and updates insurance policies, tips and procedures referring to the credit score danger administration and capital adequacy.

Key Functions
Under the supervision and steering of the Market & Sovereign Risk, Division Manager (PGRF.3), the Chief Quantitative Risk Officer will:

  • Lead the event and updating of insurance policies and tips, together with procedures and processes referring to the financial institution’s capital adequacy.
  • Lead the calibration of the Bank’s danger parameters: Model Probabilities of Default, Loss Given Defaults, calculate anticipated losses of the portfolio, and carry out correlation evaluation.
  • Lead evaluate, stories, and ensures compliance of the Bank with the Capital Adequacy framework and accounting guidelines (i.e., International Financial Reporting Standards 9).
  • Lead the periodic validation of danger score fashions.
  • Lead the event and upgrading of danger identification and evaluation methodologies, together with applicable evaluation, monitoring, and administration instruments and programs.
  • Manage prudential limits and focus danger and guarantee compliance with danger urge for food limits.
  • Lead the evaluation of the lending situation and assess the influence on the Bank’s prudential ratios in addition to on the nations’ publicity limits.
  • Lead information evaluation and stress testing outcomes.
  • Lead the area nation working teams and advise on the lending headroom.
  • Participate within the sovereign and non-sovereign credit score danger evaluation.
  • Monitor and take part within the totally different working teams on the optimization of the Bank’s steadiness sheet (e.g., Exposure Exchange Agreement).
  • Discuss points pertaining to the Bank’s scores with score businesses.
  • Participate within the Global Emerging Market consortium.
  • Maintain a detailed relationship with key companions, together with the Bretton Woods Institutions, to evaluate the Bank Group’s credit score administration insurance policies and tips.

Competencies (Skills, Experience, and Knowledge)

  • Holds a Master’s Degree in Risk Management, Financial Engineering, Quantitative Finance, Applied Finance, or a associated area.
  • A minimal of seven (7) years of related expertise associated to monetary modeling. Strong information of credit score danger fashions in addition to capital adequacy requirements and International Financial Reporting Standards is required in addition to robust quantitative and analytical expertise. Experience with an Multi Development Bank (MDB) with an emphasis on quantitative danger is a bonus.
  • Very Strong information of credit score danger fashions, Capital Adequacy necessities, steadiness sheet optimization transactions, and score businesses fashions
  • Problem-solving: Applies enterprise information to the decision of issues and identifies options to the good thing about the consumer (inner and exterior) and the group
  • Communication: Provide clear and concise oral and written communication; current oral data with readability and applicable type and adapts language and magnificence to swimsuit the necessities of a selected viewers.
  • Operational effectiveness: The Commitment to make sure that full use is product of the programs, procedures, and tradition throughout the group to be able to ship the required outcomes
  • Innovation & Creativity: The dedication to seek for and produce progressive and inventive approaches to actions to be able to improve efficiency and create added advantages to the Bank and its shoppers.
  • Teamwork & Relationships: Work with others to maximise the effectiveness of the crew as an entire, and share the information and workload. Develop robust working relationships with colleagues and contribute to the creation of a constructive crew setting
  • Good information of credit score danger administration strategies and complicated danger mitigation merchandise;
  • High-level skilled information of qualitative and quantitative credit score portfolio administration strategies, structured credit score devices, and credit score danger derivatives.
  • Ability to speak successfully (written and oral) in English and French, ideally with a working information of the opposite. Fluency within the nationwide language(s) of the Region could also be an added benefit relying on the Region.
  • Competence in the usage of commonplace Microsoft Office Suite functions. Knowledge of SAP is an asset.

Application Closing Date
ninth August, 2023.

Method of Application
Interested and certified candidates ought to:
Click here to apply online


  • This place is assessed worldwide standing and attracts worldwide phrases and situations of employment.
  • Should you encounter technical difficulties in submitting your utility, please ship an e mail with a exact description of the difficulty and/or a screenshot exhibiting the issue to: HR Direct HRDirect@AFDB.ORG

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