Chief Policy Analyst

Closing Date: April 20, 2022

Type of Vacancy: /

Details of the Post

The Caribbean Development Bank (CDB) has an excellent opportunity for a Chief Policy Analyst (CPA). The successful candidate will be based at CDB’s headquarters in St. Michael, Barbados.

THE DIVISION

The Corporate Strategy Division (CSD) develops and coordinates the long- and medium-term strategic plans of the Bank and prepares 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 (SDF), 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;

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 CPA coordinates and monitors and aligns the policies, strategies, plans and programmes of the Bank’s development agenda with the commitments given to the Board of Directors (BOD) and Contributors to the Bank’s SDF.  The CPA must be capable of providing high-level technical inputs both as a participant and as coordinator of multi-disciplinary teams of managers and officers that prepare and review these instruments regularly.

The CPA assists the Deputy Director, CSD (DD,CSD) with developing and coordinating the strategic planning process which leads to the production of the Bank’s Strategic Plan every four (4) years.  The CPA also engages in the development and tracking of performance initiatives that support the implementation of the strategic plan.

The CPA plays a key role in coordinating the annual meetings of the SDF Contributors and the negotiations for replenishment of SDF at the end of each cycle.  The CPA also supports the monitoring and reporting of key milestones achieved by the Bank in each SDF programme and works closely with the Chief Results and Portfolio Analyst (CRPA) to report on the overall performance of CDB based on agreed metrics, compliance with MfDR principles, and CDB’s value-for-money (VFM) agenda.  

KEY RESPONSIBILITIES

The job will require CPA to:

  • Formulate, analyse and review the corporate, financial, operational, and sectoral policies, to ensure the application of best practice and international standards in areas relating to lending and borrowing, liquidity, interest rates, arrears, sector allocations, headroom and net income targeting.
  • Draft inputs to support the development of the Bank’s corporate strategy
  • Prepare and review operational plans and targets (including financial projections) and provide annual and ad hoc updates of the medium-term financial projections within the context of the Strategic Plan.
  • Facilitate the preparation of the Annual Work Programme and Administrative and Capital Budget by coordinating the contributions from the Operations and Corporate Services Areas, crafting original content contextualising and explaining key aspects of the Bank’s work programme and conducting complex financial analysis.
  • Coordinate the formulation, implementation, monitoring and evaluation of initiatives as required to enhance the performance of the Bank in support of the attainment of strategic plan objectives.
  • Provide inputs to support the preparation and publication of the Annual Report of the Unified SDF including a review of the draft document.  
  • Provide inputs on the themes and issues to be discussed during negotiations for the SDF replenishment, and participate in  negotiation meetings. 
  • Monitor and maintain the Bank’s reporting for its VFM agenda in collaboration with the CRPA.
    1. develop and monitor key metrics and information to support the Bank’s internal and external reporting requirements; and
    1. review, and as appropriate, make recommendations on other key metrics for management decision-making.
  • Facilitate the preparation of the Bank’s Annual Report, particularly on such matters as policy review, approvals and disbursements.

QUALIFICATIONS

The successful candidate must have:

  • A Master’s degree in a field related to business, finance, economics and accounting or other relevant fields. 
  • At least five (5) years’ relevant experience with highly developed knowledge of development planning, strategic planning, policy analysis, and corporate budgeting.  
  • Thorough appreciation of the role of financial policies in the context of MDBs.

Function-specific Competencies

The CPA should have:

  • The ability to understand all of the Bank’s activities and how they must integrate to achieve the organisation’s strategic goals.
  • Well-developed interpersonal skills, to fulfil the diverse technical and managerial requirements of the role, and effectively coordinate with a wide range of stakeholders.
  • The ability to effectively communicate complex issues and positions to executive management, BOD, and government officials.
  • The ability to effectively mentor assigned staff, manage teams, and create an enabling work environment.
  • The ability to promote and support multi-disciplinary approaches to solving problems in development assistance strategies, policies and planning.  
  • The ability to forge consensus on disparate views from all levels of the organisation. 
  • Demonstrated breadth as well as depth of understanding of development needs and issues in the Caribbean region, and of significant changes in the international environment likely to affect Member Countries, especially Borrowing Member Countries. 

Behavioural Competencies

             CompetencyDefinition
Acting as a Champion for Change  Actively identifies problems and opportunities for change and implements solutions where appropriate. Maintains effectiveness when experiencing major changes in work tasks or the work environment; and supports people in their efforts to try new things.  
Acting Decisively  Moves quickly to make decisions and commits to a clear course of action; comfortable making decisions based on partial information; willing to take risks in order to maintain momentum; shows a strong bias toward action.  
Acting Strategically  Aligns day-to-day activities around broader organisational goals and objectives; prioritises resources based on the strategic objectives of the organisation; recognises and rewards people based on how their actions support the broader needs of the organisation.  
Championing Customer Needs  Calls attention to issues that impact customer satisfaction; views situations from the perspective of customers; encourages people to think about customers when making decisions and develops and sustains productive customer relationships.
Communicating Effectively  Consistently communicates with clarity and thoroughness to optimise audience understanding. Communicates information in a clear, concise, and timely manner. Demonstrates effective speaking and presentation skills.  
Delivering High Quality Work  Critically reviews work processes to ensure quality; addresses problems that could impact quality; makes sure project deliverables and services meet all requirements and expectations; does not make the same mistakes twice.  
Displaying Technical Expertise  Keeps his/her technical skills current; effectively applies specialised knowledge and skills to perform work tasks; understands and masters the technical skills, knowledge, and tasks associated with his/her job; shares technical expertise with others.  
Driving for Results  Bottom-line oriented and pushes self and others to achieve results. Keeps current on project status; makes sure people are aware of project status and what they need to do to keep things moving; redirects project resources and activities to overcome setbacks; elevates project concerns to senior levels of leadership when appropriate.  

TERMS OF APPOINTMENT

This is a full-time position with the successful candidate being contracted on a two-year basis in the first instance, with the possibility of renewal.  Salary is competitive and commensurate with qualifications and experience.  A pension plan, 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 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 is April 20, 2022 at 11:59 pm AST. 

The Caribbean Development Bank is an equal opportunity employer and values diversity. We encourage all qualified candidates to apply regardless of their racial, ethnic, religious, cultural background, gender, sexual orientation, or disabilities. Women are strongly encouraged to apply.

The Bank provides reasonable accommodation to individuals with disabilities who participate in the job application or interview process. Please contact us to request such accommodation.

Apply Now

Notice expires at 11:59pm on Wednesday April 20th, 2022

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