Reporting to the Director, Investments, the Treasurer will be responsible for tailoring and structuring deals to meet customer needs.
Principal duties and responsibilities:
Principal duties and responsibilities:
- Develop or update primary dealership and treasury manual to ensure that the documents are comprehensive and reflect best practice;
- Draft foreign exchange, loan pricing and trade finance policies for consideration and approval by the Management Committee (MAC);
- Prepare weekly Asset Management reports (ALM);
- Take responsibility for financial risk assessment and exposure management;
- Deal in inter-bank foreign exchange market, inter-bank placement and investment in Government securities;
- Exchange rate risk management;
- Monitor funding opportunities in various bond markets, including the review of private placement proposals, and ensure that cost-efficiencies and strategic objectives achievable in those markets are consistent with EADB’s borrowing program;
- Cultivate and maintain relationships with banks to ensure proactive and comprehensive coverage across various markets and products;
- Co-manage EADB’s bond issuance programme, including the review of cash flow projections and liquidity position, and analysis of currency requirements and allocation of borrowings across different lending windows;
- Structure new derivative products;
- Participate in the preparation of a developing a funding strategy in coordination with various divisions within the finance department;
- Monitor short-term funding requirements for bridge-financing and market-presence purposes;
- Execute bond and commercial paper issues and related forward exchange rate contracts, including negotiations of terms and conditions with dealers and counterparties;
- Review, negotiate, execute and finalize funding transactions with underwriters, ensuring that the terms and conditions of the borrowing and swap transactions are accurate and consistent with EADB’s policies and interests;
- Prepare various borrowing documents requiring management approval and intended for Board information, ensuring that the rationale for undertaking such transactions are communicated clearly and thoroughly;
- Initiate, lead and process documentation related to government approvals for EADB to undertake borrowing transactions, ensuring that such approvals are consistent with EADB’s policies and borrowing program objectives;
- Lead, coordinate and facilitate the documentation of new borrowings and swap transactions, with internal departments (e.g. risk, legal, finance) and external parties such as external auditors, rating agencies, underwriters and swap counterparties, ensuring timely and accurate completion of such documents;
- Lead, monitor, execute and finalize other types of funding transactions, such as direct borrowings and related swap transactions;
- Lead, coordinate and review with the legal department the required documentation for such transactions as these are issued off stand-alone documentation;
- Lead the timely and accurate preparation of EADB’s information statement and prospectuses/offering circulars for new borrowings, ensuring the accuracy of information contained therein, with regards to EADB’s policies, operations and financial indicators as such documents are provided to external parties like underwriters, regulatory authorities, rating agencies, stock exchanges, fiscal agents and investors;
- Lead in monitoring, analyzing and executing liability management transactions, such as buy-backs to generate cost savings for EADB as well as provide liquidity for EADB’s bonds in the secondary market, ensuring that such transactions are appropriately priced and settled;
Knowledge Management
- Facilitate the annual due diligence visits by credit rating agencies and lead the review of their reports on ADB, ensuring that EADB’s policies and operations are accurately and appropriate reflected in their ratings report;
- Undertake investor road shows to develop and maintain relationships with key institutional investors by regularly informing them and updating them about EADB and its activities, ensuring that marketing presentations are constructive, relevant and comprehensive;
- Contribute to the annual borrowing program paper by leading the review and analysis of the previous year’s borrowing strategy and transactions as well as a prospective outlook on the incoming year’s funding strategy, taking into account the size of the borrowing program;
Client Orientation
- Coordinate and facilitate with internal clients to ensure that new borrowings and swap transactions are documented accurately and appropriately; coordinate within finance department to ensure an accurate review of cash flow projections and liquidity position and currency requirements across different loan products;
Technical Knowledge and Skills
- A university degree in Finance, Accounting, Business Administration or related fields; preferably at post-graduate level or its equivalent;
- At least 10 years relevant experience;
- Ability to apply technical skills in a team leadership role to resolve and manage complex issues in relation to funding transactions;
- Ability to apply advanced technical knowledge, skills and expertise in funding transactions;
- Ability to use technical expertise to implement the borrowing program and assist stakeholders within and outside EADB;
- Capital Markets knowledge;
- Excellent oral and written communication skills in English;
- International experience gained working in several countries, international financial institution or organization will be an added advantage;
The Bank offers a competitive tax free compensation package and attractive benefits.
To apply, please submit your application, including a cover letter and curriculum vitae to admin @ eadb.org or apply online at http://www.eadb.org/jobs_online.php
The deadline for receipt of applications is Friday 16th April 2010.
Applicants must be nationals of the member states of EADB.
Only shortlisted candidates will be notified.
