The Role: The Vice President (Finance) & CFO is a senior management position that reports to the President of the IDB Group. The Vice President (Finance) & CFO is responsible for the financial management of the Bank to ensure the stable and sound financial growth commensurate with the Bank’s premier credit rating. The role is responsible for developing and implementing the financial strategies of the Bank and ensuring its long-term financial sustainability. It has direct line responsibility for following departments: Treasury Department, Islamic Financial Services Department, Financial Control Department, Budget & Corporate Performance Management Department, and the Financial Policies & Planning Office.
The position holder should contribute to the achievement of the Vision and Mission of IDB in line with the overall IDB Group Strategic objectives whilst adhering to the corporate values of the institution. Responsibilities involve supervision of the corporate plans of the Finance Complex and its implementation, ensuring the proper management and provision of financial resources to fund the developmental mandate of the institution. The position requires good knowledge and exposure to financial and risk management, particularly in the areas of asset-liability management, treasury, investments and Islamic Finance. The role entails chairmanship of important committees of the Bank such as ALCO and Investment Committee amongst others.
The required attributes of Vice President (Finance) & CFO entail teamwork, strong interpersonal skills along with building and sustaining trust among the Senior Management team in particular, and the staff in general. From time to time, the role will assume the role of other Vice-Presidencies in their absence and therefore, broad knowledge and experience in leadership and management in conjunction with requisite skills in organizational development, innovation and development of human capital is essential.
The Vice President (Finance) & CFO position requires direct interaction with the Board of Governors, the Board of Executive Directors, senior officials from member countries, central bank officials, international credit rating agencies, external clients, multi-lateral development institutions, the OIC, public and private sector organizations, and non-governmental organizations. Experience in Arab countries will be an added advantage.
The candidate must have the following profile:
Postgraduate academic qualification preferably in the area of economics, banking & finance, or other similar subjects.
Proven track record of at least 5 years at very senior leadership level with excellent people management skills.
Experience at management level in asset-liability management, treasury, investments and finance is essential whilst knowledge in Islamic finance is preferable.
Exposure and experience in reform, I.T. modernization and change management in areas related to finance complex is preferable.
Fluency and public speaking skills in English language and good knowledge of Arabic language. Knowledge of French is an added benefit
Applicants must be nationals of one of the IDBG member countries.
The IDB Group offers an internationally competitive remuneration package.
Employer want to submit job applications through their website at: Apply Online