Foreword:

The Arab Bank for Economic Development in Africa (BADEA) is an independent international financial institution owned by eighteen (18) Arab countries, members of the League of Arab States. It is governed by the provisions of its Establishing Agreement and the principles of international law. BADEA aims at strengthening economic, financial and technical cooperation between Arab World and Sub -Saharan African countries and the embodiment of Arab African solidarity based on equality and friendship. To achieve these objectives, BADEA was mandated to execute the following functions

• Contribute to the financing of economic development of African countries.
• Encourage the participation of Arab capital in African development.
• Contribute to the provision of the necessary technical assistance for development in Africa

BADEA is headquartered in Riyadh, the capital of the Kingdom of Saudi Arabia

 

Job Purpose:

the Investment & Hedging Expert leads the strategy, execution and management of BADEA’s internalized investment portfolios and its hedging framework. They implement the liquidity-led Strategic Asset Allocation (SAA) across the four liquidity portfolios, deliver optimal risk-adjusted returns within capital-preservation mandates, and structure and execute derivative transactions (IRS, cross-currency and FX swaps) to hedge BADEA’s structural currency, interest-rate and tenor mismatches back to its USD/SOFR base within ALM Framework limits.

Technical Duties and Responsibilities:

Investment Portfolio Management

• Manage the internally run investment book across the four liquidity portfolios in line with the Liquidity Management Policy and investment guidelines.
• Implement the liquidity-led Strategic Asset Allocation, respecting each portfolio’s role, quality floor and duration band.
• Execute fixed-income strategies across sovereign, supranational, agency and high-grade corporate instruments (and, for the Excess Liquidity Portfolio, broader eligible assets within limits).
• Measure investment performance against the FTP benchmark at duration.

Hedging & Derivatives Execution

• Design, structure and execute interest-rate swaps (IRS) to convert fixed-rate bond issuance, investments and fixed-rate loans to the USD/SOFR base.
• Execute cross-currency swaps (CCS) for non-USD lending and FX swaps for short-term currency management.
• Apply back-to-back hedging at origination: loans disbursed only after the hedge is confirmed.
• Manage the macro-hedge on existing exposure, rebalanced periodically.
• Negotiate and manage ISDA/CSA documentation and counterparty lines with international counterparties, within ALMF limits and the Risk Appetite Statement.

Portfolio Onshoring (Transition)

• Support the phased onshoring of the externally managed portfolio (transition-manager consolidation → partnered trading → full internalization).
• During transition, monitor external managers and evaluate performance attribution; wind down external mandates as internalization completes.

Governance & Coordination

• Execute within ALCO- and Board-approved limits and escalate breaches.
• Coordinate with Risk (methodologies, independent challenge), Finance (settlement, hedge accounting), Legal (ISDA/CSA) and the Middle Office (analytics, structuring, control).