The Trade Finance Division (PIFD.3) in the Financial Sector Development Department (PIFD) of the African Development Bank (AfDB – the Bank) seeks to engage a consultant to conduct a comprehensive review of the Bank’s trade finance business, including a comparative analysis of those of peer multilateral development banks (MDBs) such as European Bank for Reconstruction and Development (EBRD), Asian Development Bank (AsDB) and International Finance Corporation (IFC) of the World Bank Group.
In line with evolving market developments and the Bank’s strategic direction, the assignment will identify areas of improvement to strengthen the Bank’s trade finance value proposition and operational efficiency.
The assignment will be home-based, with a requirement to travel to AfDB headquarters in Abidjan, Ivory Coast for some time during the assignment and a possibility of other travel for stakeholder consultations, subject to AfDB approval and applicable travel rules.
Responsibilities
The consultant shall conduct a comprehensive review of the Bank’s trade finance business, covering, but not limited to: (i) a desk review of product design in terms of appropriateness, relevance and pricing competitiveness; (iii) a review of the operating model, project/transaction approval processes within PIFD.3 and the wider trade finance ecosystem, including credit risk analysis, legal, Integrity Due Diligence (IDD), Environmental & Social (E&S) assessment, back office operations involving portfolio management, finance/accounting and treasury operations (SWIFT management) functions.
The assignment shall include both internal and external stakeholder consultations with Bank staff (including PIFD.3, credit risk management, legal and operations), peer MDBs, sample of partner clients including regional DFIs, global banks, regional banks, local banks and soft commodity aggregators.
Requirements
Minimum qualifications and experience of the individual consultant :
The consultant must demonstrate a strong track record in comparable assignments for multilateral development banks, development finance institutions, commercial banks or other relevant financial sector actors.
Required technical capabilities:
– Strong knowledge of trade finance instruments offered by MDBs and very good appreciation of process review/design
– Ability to conduct comparative institutional benchmarking and to translate findings into practical recommendations.
– Experience in reviewing operating models, organizational structures, staffing, processes and systems, including business origination, product development, Back-Office operations, risk assessment, legal and operations functions.
How to Apply
Apply for this position using this link
