Deputy Director, Corporate Strategy Division

INTRODUCTION

 

The Caribbean Development Bank (CDB/the Bank) is seeking to recruit a strategic and results-driven Deputy Director, Corporate Strategy Division.  The successful candidate will be based at CDB's headquarters in St. Michael, Barbados.

 

THE DIVISION

 

Corporate Strategy Division (CSD) is responsible for developing and coordinating the long and medium-term strategic plans of the Bank as well as preparing the annual work programme and budget in collaboration with the Operations and Corporate Services Areas of the Bank.  The Division has direct responsibility for:

 

  • the administration of the Special Development Fund, the Bank’s largest source of concessionary funding, including reporting annually to Contributors on the performance of the Fund and coordinating the exercises for replenishment of the Fund;

 

  • leading and coordinating the implementation of CDB’s Managing for Development Results (MfDR) Agenda;

 

  • maintaining the Corporate Results Monitoring Framework and reporting annually on the Bank’s development effectiveness and

 

  • coordinating capital increases for the ordinary capital resources and liaising with other donor agencies/financial institutions from which CDB obtains resources.

 

  • Additionally, the Division keeps existing operational and financial policies under continual review and makes recommendations for changes based on CDB’s requirements and/or the need to accord with the practices of other multilateral development banks (MDBs).

 

THE ROLE

The Deputy Director, Corporate Strategy Division (DD, CSD) will report to the Vice President (Operations). He/she will have responsibility for providing high level technical expertise in the review of financial and operational policies, strategies, plans and programmes, in support of CDB’s effectiveness and responsiveness in satisfying the needs/requirements of its Member Countries. The DD, CSD will be supported by a team of professional and administrative staff.

 

KEY RESPONSIBILITIES

The job will require the DD, CSD to:

 

i. contribute to the effectiveness of the Bank’s overall planning process by senior management with the following:

a. Strategic Plan and related documents;

b.The Annual Work Programme and Administrative and Capital Budget;

c.medium-term financial projections within the context of the Strategic Plan;

d.background documentation for resource mobilisation negotiations relating to SDF, the OCR, and other Funds;

e.reviews of, and recommendations on, corporate financial policies in areas such as, interest rates, arrears, sector and channel allocations, credit worthiness of borrowers, lending and borrowing headroom, liquidity, procurement, net income targeting;

ii. administer the performance-based allocation system and the allocation of funds to projects;

iii. implement the agenda on MfDR;

iv. contribute to the Bank’s reporting requirements and its relations with donors, associated institutions and the public by:

a.preparing the Annual Report for the Special Development Fund (Unified);

b.preparing reports on the status of implementation of the Strategic Plan;

c.maintaining  the  Bank’s  Results  Monitoring  Framework  and  preparing  the  Annual Development Effectiveness Review which reports on the Bank’s institutional performance;

d.assisting in the preparation of material for discussions with the rating agencies; and

e.contributing to the preparation of the Annual Report.

v.manage the CSD by:

a.managing the performance of the Division’s staff, and arranging for appropriate professional development in response to performance or business needs; and

b.leading the preparation of the Division’s annual work programme and budget, ensuring coherence with the Strategic Plan.

 

QUALIFICATIONS AND COMPETENCIES

This role requires an individual with a successful track record of developing positive relationships with government ministries, senior officials/authorities, Development Financial Institutions (DFIs), and donors and investors. The ideal candidate must demonstrate strong leadership, management and communication skills and the personal authority to harness effectively the cooperation of managers across departments.

 

The DD CSD will have exceptional analytical skills with the agility to identify emerging opportunities and risks; and must be able to advise the Bank’s leadership on appropriate responses and courses of action. The successful candidate will have highly developed strategic thinking skills and an ability to translate strategic concepts and general policy direction into implementation plans. Strong people management skills, the ability to motivate his/her team and influence boundary partners to deliver on business objectives will be required for success in the role.

 

EDUCATION AND EXPERIENCE

The successful candidate must have:

 

  • Master’s degree in Economics, Finance, Business, or other disciplines relevant to corporate planning in a development banking environment; and a first degree in any of the social sciences, natural sciences or disciplines relevant to development;

 

  • sound knowledge of strategic planning and corporate budgeting processes;

 

  • at least six (6) years’ experience at a senior level which includes managing/advising on strategic planning issues, working in a regional or international financial institution and managing and mentoring staff; and

 

  • a good understanding of the Bank’s mandate and the policy issues facing the Bank’s member countries.

 

Function-Specific Competencies

 

The DD, CSD must prove that he/she possesses the competencies necessary to succeed in the role by demonstrating:

 

  • a thorough knowledge of the workings of financial policies in the context of multilateral development banks;

 

  • the ability to communicate effectively, sending clear and persuasive messages to a diverse audience which includes executive management, the Board of Directors and government officials;

 

  • strong political acumen along with strong proficiency in decision-making, negotiation and influencing to yield positive outcomes with stakeholders;

 

  • strong interpersonal skills with ability to foster effective networks and partnerships;

 

  • the ability to operate with sensitivity in a multi-cultural environment, and to build effective working relationships with all stakeholders.

 

Organisational Competencies

Acting as a Champion for Change – ability to identify problems and opportunities for change, and to implement solutions where appropriate; to maintain effectiveness when experiencing major changes in work tasks or the work environment; and support people in their efforts to try new things.

 

Acting Decisively – ability to move quickly to make decisions and commit to a clear course of action; demonstration of comfort in making decisions based on partial information; to show willingness to take risks in order to maintain momentum; and to show a strong bias toward action.

 

Championing Customer Needs – ability to call attention to issues that impact customer satisfaction; to view situations from the perspective of customers; to encourage people to think about customers when making decisions; and to develop and sustain productive customer relationships.

 

Developing Talent – willingness to invest time and resources into building the capabilities of team members; helping people define career goals and establishing development plans to achieve them; and to give people constructive, developmental feedback and advice.

 

Driving for Results – demonstration of bottom-line orientation and ability to push self and others to achieve results; ability to keep current on project status, and to make sure people are aware of project status and what they need to do to keep things moving; ability to redirect project resources and activities to overcome setbacks, and elevate project concerns to senior levels of leadership when appropriate.

 

Managing Performance – ability to clearly define and communicate roles and responsibilities; hold people accountable for accomplishing objectives; to recognise and reward people who achieve results and deliver on performance expectations; and to provide effective feedback on performance.

 

Managing Risk – ability to effectively balance risks and opportunities; to think through potentially positive and negative outcomes, and to look for ways to mitigate risks.

 

Setting a Strategic Vision – ability to identify and articulate the strategic goals and direction of the company, division, or group; to establish connections between short-term goals and long-term objectives and directions; to communicate the vision through the organisation in the form of distinctive strategies, objectives and action plans that maximise competitive advantage; and to inspire and motivate entire divisions or organisations to adopt the vision.

 

TERMS OF APPOINTMENT

This is a full-time position with the successful candidate being contracted on a two-year basis, in the first instance, and with the possibility of renewal.  Salary is competitive and commensurate with qualifications and experience.  A pension plan, and life and medical insurances are included in the benefits package.
 

Before you proceed to apply, please consider the following requirements: 

 

  • You must be a national of one of CDB’s member countries.

 

  • You will be required to produce evidence of any educational and professional qualifications to support your application if you are selected for an interview.

 

  • All appointments are subject to satisfactory background checks and references.


CDB is an equal opportunity employer and does not discriminate on the basis of race, sex or religion.

 

CDB fully respects the need for confidentiality of information supplied and assures you that your background and interest will not be discussed with anyone, including references, without your prior consent.

 

The deadline for submission of applications March 11, 2021 at 11:59 pm AST. 

Reference
VAC-4964
Employer
Caribbean Development Bank
Hours
Employment Type
Salary and benefits
Salary and benefits info not provided.
Salary
Salary negotiable
Your Career Level
Early Career
Years Experience
At least Six (6) years'
Your Education Level
Master's Degree|in Economics
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