Key Career Opportunities Under the African Union Peace Fund: Custodian Bank and Fund Manager Roles – Apply by 6 June 2025

The African Union (AU) Peace Fund is a pivotal financial instrument established to support peace and security initiatives across the African continent. As part of its commitment to ensuring efficient management and deployment of resources, the AU Peace Fund is currently inviting applications for two critical institutional roles: Custodian Bank and Fund Manager. These positions are essential to the fund’s operational integrity, transparency, and long-term impact, and the deadline for applications is 6 June 2025.

About the African Union Peace Fund

The AU Peace Fund is designed to provide sustainable financing for African-led peace support operations, conflict prevention, and peacebuilding activities. It aims to reduce dependence on external donors by mobilizing domestic resources to finance peace and security initiatives effectively.

Given the sensitive nature of the fund and its strategic importance in promoting peace across Africa, the AU places a high emphasis on governance, accountability, and fiduciary responsibility. Selecting the right partners to oversee the management and custody of the fund’s assets is crucial to ensuring trust and operational success.

Role 1: Custodian Bank – Safeguarding Assets with Expertise

The Custodian Bank plays a critical role in the secure management and safekeeping of the AU Peace Fund’s assets. Institutions with demonstrated expertise in compliance, transparency, and asset protection are encouraged to apply for this role. The custodian bank is responsible for holding and protecting the financial assets of the fund, ensuring that all transactions are conducted according to strict regulatory and fiduciary standards.

Responsibilities of the Custodian Bank include:

• Safekeeping of all fund assets and maintaining accurate records.
• Monitoring and ensuring compliance with investment guidelines and regulatory requirements.
• Providing regular reporting on asset holdings, transactions, and valuations to the AU Peace Fund governance bodies.
• Supporting audit processes by maintaining transparent records and facilitating due diligence.
• Ensuring timely settlement of financial transactions and mitigating risks associated with custody.

The custodian bank must be an institution with a robust compliance framework, global operational capability, and a commitment to transparency. This role is foundational to maintaining the fund’s credibility with stakeholders and ensuring that the resources allocated for peace and security are well protected.

Interested institutions are invited to submit their applications via the designated portal: Apply as Custodian Bank.

Role 2: Fund Manager – Driving Strategic Capital Management

The Fund Manager is responsible for actively managing the investment portfolio of the AU Peace Fund to achieve sustainable, long-term growth and maximize value aligned with the fund’s mission. This role requires a professional institution dedicated to managing capital with purpose, precision, and a long-term investment horizon.

Key responsibilities include:

• Developing and implementing investment strategies that balance risk and return in line with the fund’s objectives.
• Monitoring market trends and adjusting portfolios to respond to economic and geopolitical changes affecting Africa.
• Ensuring compliance with the fund’s investment policy, including environmental, social, and governance (ESG) considerations.
• Providing regular performance reports and strategic advice to the fund’s oversight committees.
• Engaging with stakeholders to align investment activities with broader peace and security goals.

The Fund Manager must demonstrate a strong track record in managing large portfolios, preferably with experience in development finance or impact investing. A commitment to ethical investment practices and understanding the socio-political context of African markets are essential.

Applications for the Fund Manager role should be submitted through the following link: Apply as Fund Manager.

Why These Roles Are Crucial to the AU Peace Fund

The selection of the Custodian Bank and Fund Manager will significantly influence the operational success and reputation of the AU Peace Fund. Proper custody and strategic fund management ensure that resources are protected and effectively utilized, which in turn supports the AU’s broader goal of sustainable peace and security.

By entrusting these functions to qualified, reliable institutions, the AU Peace Fund aims to:

• Enhance accountability and build confidence among member states and donors.
• Maximize financial returns without compromising ethical and social responsibilities.
• Facilitate transparent reporting and governance structures.
• Promote sustainable financing solutions to Africa’s peace and security challenges.

Application Process and Deadline

Institutions interested in either role are advised to review the specific requirements and submit their applications before the deadline of 6 June 2025. Both roles require extensive documentation demonstrating expertise, capacity, and alignment with the fund’s objectives.

The AU Peace Fund encourages applicants to highlight their experience with compliance, fiduciary responsibility, asset management, and commitment to supporting peacebuilding initiatives across Africa.

Call to Action

The African Union Peace Fund offers a unique opportunity for financial institutions to contribute strategically to the continent’s peace and security agenda. By serving as the Custodian Bank or Fund Manager, institutions will play a vital role in ensuring the fund’s assets are managed prudently and used effectively to foster long-term stability.

Qualified institutions with proven expertise are urged to apply promptly and join the AU in advancing Africa’s peace and development goals.

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Disclaimer: Global South Opportunities (GSO) is not the hiring company. For any inquiries, please contact the hiring organization directly. Please do not send your applications to GSO, as we are unable to process them. Due to the high volume of emails we receive daily, we may not be able to respond to all inquiries. Thank you for your understanding.