The Young Professionals Program of the African Development Bank The African Development Bank (AfDB) is Africas premier development finance institution dedicated to providing quality assistance to its 53 regional member countries with a view to helping them attain economic growth and sustainable development. The AfDB has, since 1964, engineered significant initiatives to achieve its goals by combating poverty and improving living conditions on the continent. Officially headquartered in Abidjan, Côte dIvoire, the Bank maintains field offices in more than twenty countries and is currently temporarily relocated in Tunis, Tunisia, due to the political crisis in Côte dIvoire. The AfDBs operations and strategic focus is driven by the challenges and opportunities faced by the continent. In recent years, Africa has witnessed a number of positive developments including broad-based economic growth, falling external indebtedness, successful political transitions and heightened international focus. The AfDB strives to leverage these successes, and make valuable and effective contributions to alleviate existing constraints to development. As part of the Banks Young Professionals Program (YPP), you will have the opportunity to work across the continent, and be at the forefront of exciting Bank initiatives that are helping to shape Africas future. * OVERVIEW * ELIGIBILTY REQUIREMENTS * SELECTION CRITERIA * APPLICATION PROCEDURES * EMPLOYMENT CONDITIONS - COMPENSATION AND BENEFITS Young Professionals Program (YPP) Overview The Young Professionals Program (YPP), formerly known as the Program for Senior Analysts (PSA) is a highly competitive program targeting motivated, talented, young professionals under the age of thirty-two (32) committed to making a difference on the African continent. Upon acceptance and entry, successful applicants will undergo unique on-the-job training and development to prepare them for a rewarding career and future leadership roles within the Bank. Successful candidates must be committed to Africas development and demonstrate outstanding academic and professional achievement, as well as effective team work and leadership potential. If you meet these criteria, the Young Professionals Program is the perfect point of entry from which to join our team. The Bank seeks to hire approximately twenty (20) individuals each year for the YPP. The Program enables each professional to receive extensive exposure and experience of the Banks various departments and development programs through job rotation. Participants will rotate through at least three (3) assignments over a 3-year period, which may include one assignment at an AfDB Field Office. Participants will also benefit from a coaching/mentoring arrangement and a wide range of relevant training opportunities. At successful program completion, the participant will graduate into a professional level position. YPP assignments span all departments/functions at the Bank. The following list provides some examples of the types of assignments previous YPP participants have completed: * Project Implementation hands on experience in design, procuring and processing of Bank projects; * Financial Analysis developing country lending strategies; * Risk Management advising on loan portfolio performance and managing currency, interest rate and liquidity risks; * Asset Management managing the Bank Groups assets in the Treasury; * Negotiations participating in consultations with regional member countries, other development organizations and the Banks services providers; * Capacity Building conducting capacity building training courses in regional member countries; * Legal Services providing legal advice and drafting loan agreements and grant protocols; * Support providing critical corporate functions from human resources management to communications and strategic planning Eligibility Requirements * Citizen of a member country (regional and non-regional) of the AfDB * Born on or after 1 October 1975 (32 years of age or younger when assuming duty in September 2008) * A minimum of a Masters degree or equivalent in Economics, Engineering, Social Sciences, International Development, Business Administration, Finance, Banking or any discipline that is relevant to the business of the Bank * Fluent in English and/or French with a good working knowledge of the other language Selection Criteria * Multi-disciplinary background and a minimum of two years relevant work experience * Outstanding academic credentials * Demonstrated commitment to African development (field experience on the continent and/or in other developing countries is an added advantage) * Excellent written and verbal communication skills in English and/or French with a working knowledge of the other language (working knowledge of a third language that is relevant to the Banks operation is an advantage) * Ability/motivation to work in a multi-cultural work environment * Demonstrated high leadership potential * Demonstrated strong analytical skills, dynamism, results-orientation, and problem-solving capability Application Procedures For consideration for the AfDB Young Professionals Program for 2008, please submit the following to the address below by the deadline, 15 March 2008: * Cover letter explaining your motivation in joining the program and why you believe you meet the selection criteria * Resume or Curriculum Vitae * Personal History Form (PHF) Application form Please note that incomplete applications (missing any of the items listed above) will not be considered. Please forward your applications to: firstname.lastname@example.org or write to: AfDB Young Professionals Program Staff Planning and Recruitment Division Human Resources Management Department African Development Bank Angle des trois rues: Avenue du Ghana, Rue Pierre de Coubertin, Rue Hedi Nouira BP 323, Tunis Belvedere 1002 Tunisia Fax: (216) 71 832 713 Employment Conditions - Compensation and Benefits The African Development Bank offers a competitive international remuneration package (salary and benefits), which includes a tax-free salary, full relocation, installation allowance, dependency allowances, education grant/education travel, comprehensive medical insurance coverage, staff retirement plan with generous employer contribution, group life insurance, annual leave and home leave. The pay grade for the Program is a PL-6 level position with a minimum salary of UA 47,398 per annum (April 2007 exchange rate is UA 1 = US$ 1.49088 ; UA 1 = EURO 1.15487 ).