Banking finance Jobs at World Bank Group, British International Investment, Absa Bank Limited, Bank of Africa Kenya Limited and Stanbic Bank

JOB DETAILS:
Senior Investment Officer

Duties and Accountabilities:
Officers working in Upstream activities are responsible for:
• Coordinating with key stakeholders to create the enabling environment to mobilize private sector investment through regulatory and policy reforms.
• Developing business models and platforms that can be scaled across regions, countries, and sectors, and facilitating transformational projects.
• The timeline for these activities to progress from concept launch to final investment is 2-3 years or longer and, as such, staff in these roles have multi-year objectives with concrete deliverables (i.e., milestones) for each fiscal year. The overall objective is to create enabling environments and advance sector markets across Africa, especially in LIC / FCS countries.

The specific roles and responsibilities of the position will include but not be limited to the following:
Program Management:
• Work with IFC and other World Bank Group (WBG) stakeholders to prioritize Upstream projects and initiatives and ensure they are incorporated in relevant sector, country, and regional strategies.
• Scope and prioritize work program based on these agreed upon strategies and stakeholder engagements.
• Create development metrics and monitoring approaches to ensure continuous progress in all aspects of the team's work.

Programmatic Approaches:
• Identify and harness technologies, business models, and opportunities for new approaches that can accelerate development impact within a region or across countries and sectors.
• Work across IFC and WBG to facilitate standardization and wholesale approaches to increase scale and efficiencies as well as innovate, including through warehousing and blending to de-risk projects and diversify the investor base.
• Disseminate knowledge and experience across the industry group to support adoption of new approaches and best practices.

Transformational Project Facilitation:
• Source projects and initiatives by engaging with senior officials in WBG, governments, other development organizations, and the private sector and by uncovering needs through strategic analysis, including WBG Country Private Sector Diagnostics, Country Strategies and similar initiatives.
• Connect expertise from investment and advisory staff, and external partners to projects and initiatives.

Sector Engagement:
• Participate in the identification of needed market and regulatory reforms and design of sector interventions to create enabling environments in new markets.
• Partner with sister organizations in the WBG and others to provide input to the development of sector-specific development strategies, from diagnostics to implementation.
• Provide input and guidance to the development of IFC's country strategy and provide substantive input to country diagnostics and WBG strategy documents.
• Coordinate a network of staff working on Upstream activities across their sectors to ensure efficiency and collaboration of efforts.

General:
• Develop innovative, scalable approaches for creating enabling environments for private sector investment.
• Manage individual initiatives that support Upstream priorities.
• Coordinate with internal and external stakeholders related to initiatives and disseminate knowledge across teams.
• Ensure coordination and integration of approaches with mainstream Investment colleagues.
• Draw on investment and advisory staff, industry specialists, and external consultants as needed.
• Supervise, mentor and coach junior staff and share experiences.

Selection Criteria
• At least a Master's degree, or equivalent professional qualification, in Business, Finance, Economics, Engineering, or Law.
• Minimum 12 years of experience in the developing world on non-routine financing or development of private or PPP infrastructure projects in challenging environments. Familiarity with project development, management, documentation and negotiations (PPAs, concessions, EPC and O&M contracts, etc.) and limited recourse project financing. Deep understanding of bankability constraints for greenfield projects, and a track record of resolving them, is a must.
• Excellent analytical, investment, business development, networking, integration, negotiation, and relationship management skills to facilitate working successfully across IFC/WBG, industry sectors, regions, business lines, and external stakeholder groups (both public and private sector).
• Commitment to the mission, strategy and values of IFC and the wider WBG.
• Good understanding of IFC's strategies, systems, functions and abilities.
• Experience in IFC (or other DFI) 'mainstream' investment operations a distinct advantage.
• Mastery of IFC/WBG's products (including de-risking products) and services as well as approaches for mobilizing private sector funding.
• Track-record of engaging with client companies, shareholders, and government officials to encourage pioneering business and market development.
• Strong capacity for innovation and challenging the status quo to build the business.
• Strong written and verbal communications skills. Strong inter-personal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds.
• Ability to mentor and coach junior staff, share experiences and ensure quality.
• Willingness to travel extensively.


JOB DETAILS:
Investment Manager, Consumer and Industrials Equity (East Africa)

Location
This role is based in Nairobi or could start in London with a view to transferring to Nairobi within 6 months.

Team and role overview
• The Consumer & Industrials Group at BII covers equity investments in manufacturing, waste management, healthcare, education, retail & business services investments.
• We are a team of 11 people. The majority of the team is based in London with the rest based in India and Egypt. We are looking to add more talented members on the ground in Africa.
• Our typical equity investment is $20-200m of growth capital for the expansion of profitable companies with high quality management, although we do invest in exceptional earlier-stage companies when they are the leading players in the development of a rapidly growing new market.
• Our investments are in Africa and South Asia (SAARC), and we have a particular focus on businesses that are in or expanding to the more economically challenged parts of those geographies as well as businesses with the potential for substantial job creation.
• This is a unique opportunity to join a small but growing & entrepreneurial team within BII and be at the front-line of our markets.

Responsibilities
There are 5 levels in the team – Associate, Executive, Manager, Director, and Team Head. The team is flat and people at all levels are involved hands on and in real detail, and in representational work, both to Investment Committee and externally.

There are 3 parts to the job (at all levels):
• Origination – sector mapping, finding & evaluating investment opportunities, and building and maintaining relationships with companies.
• Execution – analysing companies in detail, conducting due diligence, navigating the Investment Committee process, agreeing legal terms.
• Portfolio management – analysing companies in detail, preparing for Board meetings, helping the companies wherever we can, preparing for follow-on investments, roll-ups and/or exits.
As an Investment Manager, you will be a core member of the Team in building our consumers & industrials African portfolio. You will spend a majority of your time sourcing unique opportunities across Eastern Africa that align to our strategy (whilst looking at the wider SSA markets), meeting and maintaining relationships with stakeholders on the ground, managing and executing multiple deals. The role will also involve active portfolio management of the investments the team makes in the region.

We are looking to add an exceptional individual to our Team with excellent interpersonal skills, with high adaptability & ability to collaborate with highly driven and motivated colleagues. A core part of the role requires assisting the Team in developing our insight and knowledge of key sectors we cover within these markets. Where required, you will help facilitate introductions to the Team and help advance the Team’s pipeline.

The role will also require an ability to maintain strong relationships with functional and product teams across BII such as corporate debt, ESG, development impact etc based out of London.

The candidate
Background, skills, aptitude
• Suitable relevant experience in finance / corporate finance, investment advisory from either a Private Equity or Investment Banking background; or else corporate development within industry or equivalent role. This must include a professional track record in private equity and investing
• Proven deal track record especially in end-to-end deal management and leading relevant workstreams (due diligence, valuation, legal drafting, internal investment committee process etc)
• Highly desirable if can demonstrate experience in portfolio management including involvement in the boards of portfolio companies, portfolio coaching, monitoring and reporting
• Experience in investing in companies in African markets highly valued, especially if experience is Kenya or the region
• Previous deal experience in manufacturing & consumer investments desirable but not necessary
• A genuine interest and appreciation of criticality and relevance of sustainability and development impact within the investing mandate
• Strong origination capacity of proprietary investments
• Have existing strong local & regional network with banks, financial institutions, fund managers and investors, strategic corporate investors, companies and entrepreneurs etc
• Excellent commercial judgement and financial analysis skills, including rigorous quantitative and deal structuring skills with strong mastery of financial & operational modelling
• The individual must possess the following characteristics:
• Highly fluent in English
• Exceptional attitude and excellent communication (written and verbal) skills.
• Flexible with frequent travelling
• Be inquisitive, tenacious, and highly driven
• To be self-motivated and work independently
• Have exceptional interpersonal skills and be a great team player
• Ability to build and maintain relationships & network
• Very good commercial acumen and intuition
• Creative and solution-finder – our markets are complex and coupled with our impact mission requires sometimes thinking out of the box
• A passion for emerging markets especially Africa
• Multi-tasking and be able to work on several deals / projects
• MBA not required
• Candidates should be strongly motivated by BII’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity.


JOB DETAILS:
Head of Sustainability

Job Summary
To provide managerial support in the development and implementation of business enablement planning, service delivery processes, methods and techniques; enabling the provision of well-researched information to inform organisational decision making.

Job Purpose
• Develop a corporate sustainability and citizenship strategy
• Manage and oversee execution of strategies that support sustainability and citizenship agenda
• Communicate and coordinate with management, shareholders, customers, and employees to address sustainability and social impact issues.
• Support establishment and implementation of the Environmental and Social Sustainability Framework across the bank.
• To manage and coordinate the in-country citizenship and community investment programmes, working closely with the AGL teams to ensure alignment to the RI’s strategy.

Key Accountabilities
Strategy Formulation & Implementation
• Develop the Sustainability and Citizenship strategy for the company aligned to the frameworks and policies we have signed up to and to the AGL Role in Society (RiS) strategy
• Ensure implementation of appropriate Group Sustainability Framework policies throughout various business units and continuous refinement
• Lead the strategic sustainability and citizenship mapping process for departments and functions
• Research on new sustainability thinking to match to the business needs and ensure that Absa stays ahead of the curve
• Collaborate with functional representatives and sustainability champions to manage citizenship and sustainability plans and strategies, execution timelines and deliverables
• Ensure quarterly reporting on progress of implementation of agreed sustainability and citizenship action plans.
• Enhancing the Banks environmental and social credentials and representing the approach and strategy to both internal and external audiences
• Identify and manage actual or potential reputational risks.
• Communicate the business value of sustainability citizenship activity, creating awareness regarding its importance and impact.
• Implement the community investment strategies and sustainability, aligned with the AGL brand, governance and reporting frameworks, driving market differentiation for the business.
• Design and oversee the implementation of employee engagement programs, for example fundraising and employee volunteering programs.
• Prepare and deliver reports on the performance of citizenship investment activity results across the business.

Partnerships and Stakeholder Management
• Build trusted and value adding partnerships, in a proactive and commercially astute manner to enhance our agenda locally, regionally, and even globally.
• Maintain relationships with the business community, government, regulators, and other key stakeholders
• Appraise and create meaningful and sustainable relationships with suppliers and related structures through meetings, stakeholder networking events and programme partnerships
• Manage and ensure that the reputation and image of Absa is protected at all time
• Development the partnership engagement framework for the team
• Lead the strategic partnership mapping process for the team to ensure mutuality
• Collaborate with the partners to ensure that the purpose agenda stays top of mind

Governance, Reporting and Strategic Programs
• Develop and constantly evaluate progress and status of implementation of formulated projects and programmes evaluating the return on investment
• Oversee the formulation, implementation and review of Absa’s sustainability and citizenship programme and projects aligned to RiS, SDGs, PRBs, UNGC among others
• Continuous engagement with the internal stakeholders to keep them abreast of Sustainability issues
• On behalf of Absa management oversee the development of the sustainable business report / sustainability report
• Manage and address all in-country and regional compliance requirements.
• Manage the embedding of all Head Office and regional governance policies and procedures for the function in the region including the Anti-Bribery and Corruption Policy requirements as well as the risk and controls for the directly held investment budget and employee programmes budget supported by AGL Citizenship
• Work closely with Finance and Reporting/Analyst to deliver regular governance reports for Leadership
• Embed and implement the monitoring and evaluation framework to understand and capture the social and business impact of both the sustainability and citizenship programmes

Thought Leadership and People Management
• Consistently monitor next frontier sustainability thinking, environment management and environment regulations of strategic interest and provide input on changes taking place in the industry
• Research on new areas that Absa can gain strategic advantage over its competitors
• Positioning of Absa’s sustainability portfolio locally and globally through contribution and participation fora to shape thought leadership in both sustainability and social impact
• Ensure that the team is exposed to trainings in the relevant skill area to enable them to discharge their duties adequately.
• Ensure that the team works in harmony to deliver the key objectives
• Undertake all talent management activities and routines that ensure a team that is continuously engaged, rewarded and developed
• Monitor the performance of all team members and support department head in providing on-going feedback

Role/ Person Specification
Education and experience required
• Business related Degree in Sustainability / Commerce and/International Relations or Environmental and Social Management, or equivalent NQF level 6 qualification or Higher.
• Experience in Sustainability (Environmental Risk and Social discipline, preferably in financial sector.
• Experience in a Citizenship or Community Investment role
• Proficient in MS Office (Word, Excel, PowerPoint and Outlook)

Knowledge and skills: (Maximum of 6)
• Ability to recognize and address overall Sustainability (environmental and social risks, implications and impacts:
• Thorough understanding and practical experience of Sustainability management and financial products.
• Extensive understanding of the environmental arena, including legislative (both existing and emergent), social and market developments, regarding environmental
• issues, technical issues, industry issues and the implications of all these
• developments for the bank’s customers, employees, stakeholders and shareholders.
• Membership and active participation in appropriate industry associations and bodies

Competencies: (Maximum of 8 competencies)
• Deciding and initiating action
• Learning and researching
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating


JOB DETAILS:
Assistant Manager, Operational Risk

Job Purpose
Spearheading Operational Risk Management through risk identification, analysis, control and reporting in line with BOA Kenya’s Risk Management Framework. Ensuring Business Continuity.

Responsibilities and Accountabilities
Implementation of the Risk Management Framework and Governance through:
• Policies formulation and review for the various bank’s units
• Attendance to the various Operational risk related Committees as per the terms of reference.

Operational Risk management (Risk Identification, analysis, and control) by:
• Update of the Operational Risk register through the annual process analysis and risk mapping. Follow up on agreed action points for risk mitigation.
• Review of risk events for risk identification, root cause analysis and follow up for implementation of agreed mitigants

Customer Service and support on Internal clients
• Second level check on executed profile requests (Igor and M-pesin adherence to the internal SLA.
• Monthly review for update of profiles in relation to staff movements.
• Review of Audit Confirmations for accuracy of details and adherence to the Service Level Agreements (SLA).

Group and Local reporting:
• Quarterly Board Input on Operational Risk
• Review of monthly and quarterly reports and ensure submission to the Group in time

Key Performance Indicators
• Review and update the 6 BCP procedures(annually) and all other Bank policies (every 2 years or when need arises).
• Continuous monthly and comprehensive annual update of the Bank’s risk register with newly identified risks.
• Annual testing of the Business continuity plan.
• 100% Adherence to Service level agreements to internal & external customers
• Quarterly staff training on BCP and Risk Management.
• Risk Assessment on all new products and tracking of identified risks for remediation.

Minimum Requirements
• University Degree preferably in Business related field from recognized institution by Commission for University Education.
• Knowledge and Experience in Branch Operations, Central & Global Operations, Credit and Treasury.
• Minimum 6 years’ banking experience with a good understanding of Bank policies, procedures, and external regulations.
• Professional Qualification in CPA/ CIA/ ACCA/ APRM/ CRA / PRM/ FRM is an added advantage

JOB DETAILS:
Officer Finance

Job Purpose
This role is responsible for the following accounting functions: accounts payable, accounts receivable, reconciliation of vendor/control accounts and functions relating to the maintenance of a complete and accurate general ledger.

Key Responsibilities/Accountabilities
Support financial management
• Accountable for transactional financial data and information integrity through gathering, analysing, interpreting and reporting of financial information.
• Review transactional financial data and information integrity to ensure they accurately reflect the operating results of the business.
• Analyse and interpret data in order to provide financial management information to business stakeholders for decision making.
• Prepare and process all accounting journals and verify that supporting documentation to journals is available.
• Analyse and motivate for approval expenditure and in line with supporting documentation. Identify deviations from policy and escalate to finance manager.

Perform a reasonability test on statutory payments due and verifying records against transactional information by performing calculations using specific formulae and procedures
• Undertake all functions associated with confirming recording and payment of both internal and external vendors
• Ensure that all payments are recorded, authorized and properly paid in accordance with Bank Policies, tax guidelines and in a timely manner.
• Responding to payment queries in a timely manner
• Preparation of payment runs in the system.
• Processing of foreign currency payments.
• Processing of staff claims for payments.
• Ensure secure and appropriate filling for all documents and vouchers.
• Preparation of supplier payment reconciliations
• Providing ad-hoc request at the request of management

Preferred Qualification and Experience
• First Degree in Finance, Accounting, Business or Economics (Second class upper and above)
• Recognized professional certification (CPA (K)/ACCA/CIFA) is a plus.
• Ability to analyse and synthesize information, interpret data, retrieve information and communicate the results concisely.
• Good data analytics skills.
• Working knowledge of accounting software. (Knowledge of SAP, NBOL, Model Bank (T-24), Coupa will be an added advantage.)