Treasury Specialist

IMPORTANT INFORMATION:

Close relatives¹ of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.

¹Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle

Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).

In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category.

Overview

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.

ADB only hires nationals of its 68 members.

To view ADB Organizational Chart, please click here.

Job Purpose

The Treasury Specialist will: (i) analyze and evaluate derivatives and associated valuation adjustments related to intermediation charges and collateral; (ii) analyze valuation of borrowings and swaps and impact on unrealized losses and gains as reported in the Financial Statements; (iii) analyze and assess the costs associated with ALM-related transacations; (iv) monitor, evaluate and execute funding opportunities in various capital markets with particular focus on derivatives and with a view to raising cost efficient funds as part of the ADB’s annual borrowing program; (iv) formulate funding strategy and lead the execution of individual borrowings and swaps, including public offerings, structured private placements and retail-targeted transactions; (v) work with both external (e.g., underwriters, rating agencies, regulators, external auditors) and internal parties such as the Department of Communications (DOC), Office of the Auditor General (OAG), Office of the General Counsel (OGC), Office of Risk Management Unit (ORM), Controller’s Department (CTL), and other relevant departments to ensure all requirements relating to individual bond issues and derivatives transactions are completed in a timely and effective manner; (vi) maintain relations with external stakeholders such as credit rating agencies, underwriters, investors, governments and regulators to facilitate the achievement of the borrowing program objectives; and (vii) undertake relevant LIBOR transition-related tasks and deliverables identified by the Alternative Reference Working Group and Project Management team.

The incumbent will report to Assistant Treasurer, TDFD and will supervise national and administrative Staff.

Responsibilities

1. Funding Transactions

• Monitors funding opportunities in various bond markets, including the execution of borrowings and swaps, and ensures that cost-efficiencies and strategic objectives achievable in those markets are consistent with ADB’s borrowing program.
• Leads the review, negotiation, execution and finalization of funding transactions with underwriters, ensuring that the terms and conditions of the borrowing and swap transactions are accurate and consistent with ADB’s policies.
• Analyzes and evaluates derivatives and relevant swap intermediation charges and collateral arrangements.
• Analyzes valuation of borrowings and swaps and impact on unrealized losses and gains as reported in the Financial Statements.
• Analyzes and assesses the costs associated with ALM-related transactions.
• Formulates execution strategy for execution of ALM-related hedging.
• Coordinates closely with internal ADB departments to facilitate major currency operations, including reviewing of new structures and markets and ensuring compliance with ADB policies.
• Leads the preparation of various borrowing and TDFD-related documents, including those requiring Management approval and intended for Board information, ensuring that the rationale for undertaking such transactions are communicated clearly and thoroughly.
• Leads, coordinates and facilitates the documentation of borrowings and swap transactions, with internal (e.g. OGC, ORM, OAG, CTL) and external parties, such as external auditors, rating agencies, underwriters and swap counterparties, ensuring timely and accurate completion of such documents.
• Cultivates and maintains relationships with banks, regulators and other market participants to ensure proactive and comprehensive coverage across various markets and products.

2. Liability Management

• Monitors, analyzes and executess liability management transactions, such as buying back ADB’s bonds that generate cost savings for ADB as well as provide liquidity for ADB’s bonds in the secondary market, ensuring that such transactions are appropriately priced and settled.

3. Knowledge Management

• Undertake investor roadshows to develop and maintain relationships with key institutional and retail investors by regularly educating and updating them about ADB and its activities, ensuring that presentations are constructive, relevant and comprehensive.
• Contributes to regular reports, such as the Treasury Quarterly Report, Borrowing Program papers.
• Facilitates and coordinates the annual reviews by credit rating agencies and assists in the review of the relevant reports to ensure that these are accurate and appropriate.
• Undertakes relevant LIBOR transition-related tasks and deliverables identified by the Alternative Reference Rate Working Group and Project Management Team.

4. Staff Supervision

• Provides leadership and support to reporting staff.
• Supervises the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
• Ensures the ongoing learning and development of reporting staff.

Qualifications

Relevant Experience & Requirements

• Master’s Degree, or equivalent, in Finance, Economics, Accounting, or related fields. University degree in Finance, Economics, Accounting, or related fields combined with specialized experience in similar organization/s, may be considered in lieu of a Master’s degree
• Minimum of 8 years of relevant professional experience
• Excellent written and verbal communication skills in English is required

• International experience working in several countries
• Please refer to the link for ADB Competency Framework for International Staff Level 4

General Considerations

The selected candidate, if new to ADB, 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 to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.

Please note that the actual level and salary will be based on qualifications of the selected candidate.