Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 67 members, 48 of which are from the Asia and Pacific region. ADB’s mission is to reduce poverty and promote sustainable economic growth in the region. ADB’s main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.
ADB only hires nationals of its 67 member countries.
The position is assigned in the Public Management, Financial Sector, & Trade Division (SEPF) within the Southeast Asia Department (SERD). SERD is responsible for maintaining client relations and delivering ADB assistance to countries in the Southeast Asian region. SEPF is responsible for policy development and dialogue, knowledge management, project quality assurance, sector analytic work, and loan and technical assistance processing and administration in the public management, financial sector, and trade sectors.
To view ADB Organizational Chart, please click here.
Job Purpose
The Senior Finance Specialist will actively identify, design, develop, process and implement loan projects and technical assistance and other non-lending projects on structured finance in infrastructure, housing, disaster risk financing, and other ADB financial products in Southeast Asia. S/he will be expected to promote innovation in structured finance projects. S/he will actively contribute to policy dialogue and program loans in the finance sector. The incumbent will report to Director, SEPF and may supervise one or more National and Administrative Staff.
Responsibilities
- Create new finance sector business opportunities in structured finance and financial intermediation projects in infrastructure, housing, disaster risk financing, among others, and in close collaboration with other sector teams.
- Support in the development of policies and strategies to advance the development of the finance sector in ADB’s developing member countries (DMCs).
- Closely collaborate and coordinate with ADB’s Office of Public-Private Partnerships (OPPP) and Private Sector Operations Department (PSOD), and with relevant stakeholders in DMCs to promote a One-ADB approach to identifying and developing opportunities for sovereign and non-sovereign operations.
- Provide inputs to Country Partnership Strategy and Country Operations Business Plans.
- Develop networks and strategic partnerships with government, private sector, academia and civil society counterparts, and coordinate on the management of ADB-projects and programs.
- Identify, design, develop, process and implement selected loan, TA and grant projects in structured finance and financial intermediation in infrastructure, housing, disaster risk, establishment of domestic credit guarantee facilities, among others.
- Identify and foster partnerships with other development partners and private sector and identify and advance opportunities for co-financing.
- Ensure key technical, economic, financial, institutional, safeguards, and crosscutting issues are incorporated into projects.
- Participate in finance sector group and other related sector and thematic networks in ADB and maintain current knowledge of international best practice and development issues related to infrastructure.
- Conduct and proactively support economic, thematic and sector work for the finance sector.
Qualifications
Relevant Experience & Requirements
- Master’s degree in, or equivalent, in Finance or other related fields. Alternatively, university degree in related fields combined with additional relevant professional experience can be considered;
- At least 10 years of relevant experience in finance with both private and public sector experience;
- Excellent oral and written communication skills in English;
- Some understanding of multilateral development bank’s policies and procedures;
- Excellent leadership qualities and interpersonal skills; and
- Strong analytical, organizational, and negotiation skills.
- International experience working in development in several countries in finance.
- Please refer to the link for ADB Competency Framework
General Considerations
The selected candidate is appointed for an initial term of 3 years.
ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB’s standards and computation, taking into account the selected individual’s qualifications and experience.
ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates who are nationals of ADB member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.
This is a re-advertisement. Previous applicants need not apply. Applications received in response to previous posting will be considered together with applications received in response to this advertisement.
To apply visit http://www.adb.org/careers/170818
Deadline for applications is on 19 December 2017.
Deadline for applications is on 19 December 2017.
Please note that the actual level and salary will be based on qualifications of the selected candidate.
