Financial Sector 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.

The position is assigned to the Public Management, Financial Sector and Trade Division (SAPF) within the South Asia Department (SARD). The division is the focal for sector operations in finance and public sector management, supported by good governance practices and standards. In addition to the sector operations, SAPF will take a lead in intersectoral collaborative initiatives within SARD by helping develop capabilities in SARD to develop new and innovative financing sources. The division is also responsible for preparing and developing strategic operational studies across sectors and themes in line with the country partnership strategy (CPS) and government’s visions.

To view ADB Organizational Chart, please click here.Job Purpose

The Financial Sector Specialist contributes to the formulation and articulation of operationally relevant analytical studies on financial sector issues in SARD countries. The position will support the identification, development, processing, implementation and administration of loans, technical assistance (TA) projects, and provide relevant stakeholders with necessary technical support and knowledge for projects. The incumbent will report to the Director of SAPF and may supervise one or more national and administrative staff.

Responsibilities

• Supports the conduct of operationally relevant analytical studies related to development of financial sector for SARD countries, with focus on emerging trends in financial inclusion, climate finance, digital finance and related regulatory issues;
• Supports the identification, design, processing and administration of regional technical assistance (RETA) projects by undertaking activities, including gathering inputs from regional stakeholders, organizing sector working group meetings, conducting background research, drafting TA papers, monitoring projects, etc.;
• Monitors closely the financial sector in SARD countries, interacts with key stakeholders, including resident missions, and provides research inputs to structure sector specific investment programs;
• Maintains strategic partnership with external partners for knowledge and project opportunities. Responds to external inquiries as needed;
• Participates in and contribute to internal and external training and conferences on regional cooperation and other activities for advocacy, dissemination and knowledge building; and
• Leads, supervises, and supports reporting staff, including their performance and development.

Qualifications

Relevant Experience & Requirements

• University degree in finance, economics, business administration, or related fields, preferably at post-graduate level or its equivalent;
• At least 6 years of relevant professional experience in the any sector with in depth knowledge and expertise within a specific area of ADB’s operations (financial sector or thematic), or breadth across multiple areas;
• International experience working in several countries with knowledge of development issues in Asia.
• Good understanding and experience in the overall tasks needed in the preparation of
financial sector programs, including project identification and conceptualization, analysis of relevant policies, preparing studies and reports, and coordination with external stakeholders, consultants, and government agencies;
• Good skills and experience in coordinating and working with teams of professionals such as for technical, social and environmental safeguards, economic assessments, procurement, etc.;
• Excellent written and verbal communication skills in English;
• Please refer to the link for ADB Competency Framework for International Staff Levels 3 – 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.