The African Risk Capacity, a Specialized Agency of the African Union, is a development finance institution designed to help African Union member states resist and recover from natural disasters and adapt to climate change. Because droughts, floods and cyclones do not happen in the same year in all parts of the continent, pan-African solidarity in the creation of a disaster risk pool like ARC is financially effective. Pooling risk across the continent could save countries up to 50% in the cost of emergency contingency funds.
The African Risk Capacity (ARC) is seeking a qualified candidate for the position of Director General to be responsible for the overall leadership and management of ARC’s operational and administrative functions. Under the guidance of the ARC Agency Governing Board, the Director General will define the institution’s strategic vision and is accountable for its implementation and results achieved, as well as engagement with ARC Member States, regional organizations and partners. The Director General also coordinates the Agency’s relationship with its financial affiliate, the African Risk Capacity Insurance Company Limited.
The Director General is appointed by the ARC Conference of the Parties for a term of 4 years (renewable once) and serves as an ex-officio member of the ARC Governing Board, chaired by Hon. Dr. Ngozi Okonjo-Iweala, Coordinating Minister for the Economy and Minister of Finance for Nigeria. The ARC Director General shall be a national of a Party to the ARC Establishment Agreement.
Authority and Remuneration. As executive head of an African Union Specialized Agency, the ARC Director General shall have the authorities specified in the Establishment Agreement, and shall be appointed at a level and remuneration commensurate with an Assistant Secretary General of the United Nations. The ARC Agency is supported by the World Food Programme (WFP) under an Administrative Services Agreement. Its offices are temporarily co-located with those of the WFP in Johannesburg, South Africa.
Education. Advanced university degree in economics, politics, management, finance or related field.
Experience. At least extensive postgraduate, progressively responsible professional and managerial experience at both the national and international level including in resource mobilization for development; managing a large staff – preferably of multinational composition; and interacting with high-level government officials. Experience in disaster preparedness, food security or emergency assistance.
Languages. Fluency in one of the official languages of the African Union (Arabic, English, French or Portuguese). Excellent command of written and spoken English is an asset.
Deadline for applications is 30 April 2014. Applications accepted online by clicking on Apply.