About Afreximbank: African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade.
For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. The Bank disbursed more than US$104 billion between 2016 and 2023. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”). The Bank is headquartered in Cairo, Egypt.
Job Summary:
The nature and scope of the job is to support the funding process of the Bank whilst ensuring that risk is mitigated at all times by maintaining strong relationships with investors, depositors and creditors from the African continent and also playing a key role in new initiatives aimed at mobilising funding resources.
Key Responsibilities:
- Fundraising – Strategy Formulation and Funding Execution
- Provide input in the formulation of the Africa-focus Funding Mobilisation Strategy and designing a fit-for-purpose implementation roadmap;
- Participate in the implementation of the Africa-focus Funding Mobilisation Plan with the help of the Director of Resource Mobilisastion;
- Contribute to Treasury’s initiatives of raising targeted local currency funding from the African Continent in line with the Bank’s wider strategy of diversifying its funding base;
- Assist with the establishment of Debt and Capital Market Programmes in targeted local markets in Africa where the Bank, as part of the wider strategy, targets to raise local currency funding;
- Consummate wholesale deposits takings in line with the Bank’s guidelines;
- Treasury funding product formulation and sales/marketing
- Participate in client conference calls/meetings to assess client needs;
- Identify product solutions for client needs, working with the origination functions and other partners in various African countries to obtain product information, pricing and contacts;
- Presents features/benefits of products to clients under the supervision of the Director of Resource Mobilisation;
- Build expertise in particular regions or economic blocks: North, West, East and South;
- Work jointly with the origination functions to leverage on the existing wide client base of the Bank;
- Prepare presentations that are used by the Treasury Division for engagement with clients/investors;
Work with the Strategy and the wider Resource Mobilisation teams to develop additional product offerings.
- Investor Relationship Management
- Establishing and nurturing bilateral relationships of all deposit related counterparties domiciled in the African Continent;
- Management of all relationships with African Central Banks, other deposit funding institutions and fixed income investors;
- Make treasury roadshow arrangements with targeted African domiciled institutions;
- Project a smart, friendly, polite and professional image by providing the highest standard of customer care to satisfactorily negotiate and retain deposits efficiently with targeted counterparties;
- Communicate effectively with all stakeholders, internal and external;
- Ability to handle difficult situations and arrive at win-win solutions;
- Develop and implement partnerships with regional blocks.
- Reporting and Record Keeping
- Analysis and reporting of progress of the Africa-focus funding Mobilisation Plan/Strategy on a periodic basis;
- Managing the deposit-taking portfolios of the Bank and liaising with the treasury back-office team to ensure that all deposits are properly accounted for, settled and reported;
- Ensure compliance with in-country deposit regulations, treasury administrative processes and procedures;
- Pricing Management
- Development and ownership of a fit-for-purpose market standard deposit-taking pricing model;
- Periodic and timely circulation of updated deposit pricing information to all target counterparties;
- Engaging and liaising with relevant counterparties on all pricing related issues;
- Ownership of the deposit portfolio contribution to the Bank’s overall weighted average cost of funds ensuring that optimal target levels set by the Bank are achieved at all times
- Contingency Funding Plan Management
- Develop and implement a contingency funding plan for the deposit taking portfolio with the help of the wider treasury team;
- Documentation of processes and procedures of the Bank’s deposit contingency funding process and maintaining these going forward; and
- Working to ensure the harmonisation of the deposit portfolio specific contingency funding plan with the Bank’s wider treasury contingency funding plan.
- Other
- Any other tasks that may be assigned by the Director of Resource Mobilisation, the Group Treasurer and Senior Management from time to time.
Compliance Responsibilities
- Understand and adhere to the Bank's AML, Regulatory and Conduct Compliance policies and procedures, notably.
- Staff Handbook (has code of conduct provisions)
- Anti-Money Laundering (AML), Counter Financing of Terrorism and Counter Proliferation Financing
- Conflicts of Interest and Policies on Staff Involvement in External Engagements/Activities
- Anti-Bribery & Corruption
- Insider Trading Guidelines
- Report any suspicious or non-compliant activities or matters relating to the Bank’s staff or the customers to the Compliance Department.
- Complete the Annual Compliance Training/Assessment.
Minimum Qualifications:
- A Bachelor’s Degree from a leading University in either Finance, Economics, Accounting, Business Administration or other disciplines relevant to the position plus a post graduate degree in a relevant field.
- A relevant Treasury financial professional qualification (e.g. AMCT, ACI, CTP).
Years & Nature of Experience:
- Relevant Treasury and Markets experience of at least 5 years gained while working in international banks and/or multilateral development finance institutions.
- Demonstrated knowledge and experience of relevant Treasury product sales and marketing experience in the financial services industry.
- Resource Mobilisation Department is a fast-paced and demanding environment with result measurement as key. Dealing with Central Banks, Pension Funds, Insurance Companies, and large institutions including corporates in Africa requires that one be a strong and resilient character who is result focus and a confident communicator with the ability to attract new deposit relationships, resolve issues effectively within a timely manner, all while delivering and driving exceptional levels of customer service within the Bank Deposit Guidelines.
Technical Competencies:
- Proficiency
- High-level understanding of theoretical concepts.
- Potential to deal with more complex data in addition to qualitative information.
- Primarily collaborate and have impact on immediate team but may evolve to impact more senior team members.
- Problems that need resolution are routine in nature but may involve formulation of new ideas that impact individual work.
- Leadership Skills
- Comfortable supervising and overseeing junior members of staff where required to support the delivery of projects within their remit.
- The ability to communicate effectively and collaborate with others to influence internal and external stakeholders.
- Ability to articulate their vision and expectations clearly to their team and supports in preparing and delivering training programmes to junior members of staff.
- Interpersonal Skills
- Builds and maintains effective working relationships with peers, related teams, and external counterparts to support project outcomes.
- May directly input into decisions at functional level drawing from professional experience.
- Identifies tasks, shares relevant knowledge and provides direction to foster growth and development of team members.
- Problem Solving & Business Impact
- Solves non-routine problems based on the analysis of multiple data sources, identification of trends and range of technical knowledge gained from more extensive experience.
- Supports business impact at a function-level by contributing to initiatives that support functional proficiency and (in some cases) wider business’ growth and competitive advantage.
- Supporting Afreximbank Mandate
- Has a good understanding of Afreximbank Group’s products and services and how own area fits within the wider function to achieve Afreximbank’s values and mission.
- Understands the political, economic and trade landscape in which Afreximbank Group operates and is able to hold conversations internally and with external counterparts.
- Proactively keeps abreast of historical and current affairs and developments on the continent and the African diaspora, and shares information with more junior colleagues.
Behavioural Competencies:
- Team Collaboration and Communication
- Ability to communicate and function in a culturally diverse and change oriented setting with good knowledge of banking practices.
- Ability to interact with senior officials of banks, corporates and governments officials with ease.
- Leadership Experience
- Demonstrate leadership capabilities, including ability to organize and manage junior staff from varied cultural backgrounds to attain goals
- Ability to oversee affairs within their remit as well as guide smaller teams of junior staff.
- Influential Change Agent
- Contribute new ideas and develop new ways of working in the Investment family, and in particular, Resource Mobilisation.
- Ability to make decision in a fast-moving environment like international capital market and to negotiate with counterparties
- Skills, Knowledge, and Attitude
- Practical on the job experience in raising wholesale deposits, bilateral loans negotiation and debt capital markets experience.
- Good Excel skills and very strong financial modelling skills required.
- Excellent verbal and written communication skills in English or French. Knowledge of the Bank's other working languages is an added advantage (Portuguese and Arabic).
Afreximbank’s Core Values:
- Commitment to Africa and supporting the emancipation and empowerment of Africans
- Uncompromising integrity
- Passion for Learning and Drive
- Teamwork
- Trust and Respect for the Individual
- Innovation, Excellence and Flexibility
- Professionalism and Responsiveness
