Senior Financial Sector Specialist
Job Vacancy | Wednesday, April 10, 2024
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- Reference Number 240259 Position Level IS 5 Department Sectors Group Division Finance Sector Office Location Asian Development Bank Headquarters Date Posted Wednesday, April 10, 2024 Closing Date Wednesday, April 24, 2024 11:59 p.m. (2359 Manila Time, 0800 GMT)
Join Our Mission to Foster Prosperity in Asia
Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.Organizational Setting and Reporting Relationship
The position of Senior Financial Sector Specialist is assigned to the Finance Sector Office (SG-FIN) within the Sectors Group (SG). You will be based at our Headquarters in Manila, Philippines.
You will report to Director, Finance Sector, and may oversee National Staff and Administrative Staff.Your Role
As a Senior Financial Sector Specialist, you oversee the formulation and articulation of finance sector policy and strategies, engaging Developing Member Country (DMC) governments in policy dialogue, conducting ADBโs activities to support finance sector policy and reforms, lead and support financial sector operations, engage in knowledge production and dissemination, and undertake other tasks in East Asia, the Pacific, and Southeast Asia. You will assist the Director in overseeing the finance sector workstream and help coordinate and respond to strategic initiatives in the bank, as well as undertaking operational reviews and assessments. The position will support collaboration with ADBโs regional and non-sovereign operations departments to accelerate the four shifts in ADBโs New Operating Modelโrealizing ADBโs ambition to be the regionโs climate bank; catalyzing private sector development; delivering holistic, knowledge-driven, innovative, and integrated solutions; and modernizing ADBโs approach to work by becoming more efficient, agile, and collaborative.You will:
โข Oversee and support the development of strategies for the finance sector in DMCs, covering areas such as banking sector, non-bank financial institutions, contractual savings, capital markets, financial infrastructure, financial governance, project finance, public-private partnerships, digital finance, municipal finance, among others, in consultation with relevant government agencies and Resident Missions (RMs).
โข Propose, develop, oversee, supervise, and support innovative projects and TAs in the finance sector and related operations on private sector development.
โข Lead and support work to explore global best practices and new innovations in the finance sector.
โข Lead and support knowledge production and dissemination.
โข Coordinate across ADB, especially with the Private Sector Operations Department (PSOD) to achieve a โone ADBโ approach to incorporating global best practices and new innovations in finance sector development.
โข Lead and support quality assurance and compliance across finance sector lending and non-lending products and operations.
โข Support the Financial Sector to interface, coordinate, and respond to other departments and offices on operational reviews and evaluations, strategic and procedural issues, development coordination, and other activities.
โข Lead and support the preparation of Country Partnership Strategies (CPSs) and Country Operations Business Plans (COBPs), as needed.
โข Maintain communications with and represent the Financial Sector in meetings with senior level government staff within the finance sector.
โข Lead and support regional financial cooperation in ASEAN, subregional cooperation groups, and other regional fora.
โข Participate in external conferences and events and serve as a liaison to industry standard setting bodies.
โข Coach and mentor teams and individuals within the Financial Sector, and across the department as necessary to ensure their on-going learning and development.
โข Supervise the performance of assigned staff, providing clear direction and regular monitoring and feedback on their performance.
โข Take other responsibilities and perform other tasks needed by the Financial Sector, the Solutions Group, and ADB.Qualifications
You will need:
โ Master's Degree, or equivalent, in Finance, Economics, or related fields. A university degree in related fields combined with at least 5 years additional relevant professional experience in the finance sector can be considered.
โ At least 10 years of relevant professional experience in finance sector development, with good knowledge of the Asia Pacific region and international experience working in several countries.
โ Experience in emerging areas of finance, such as sustainable and climate financing, is a plus.
โ Ability to steer ideas and projects to improve linkages between finance sector development, investment, and financial inclusion.
โ Significant expertise within a specific area of ADB's operations (finance sector), or breadth across multiple areas with in-depth knowledge within one area.
โ Expertise with recognized ability to lead projects and to share knowledge to benefit the broader ADB community.
โ Ability to perform effectively as a mission leader or team leader; proficiency in supervision, coordination, and planning responsibilities over multi-disciplinary team/unit.
โ Ability to effectively mentor and coach team members.
โ High level of maturity and ability to serve as an effective Officer-in-Charge when required.
โ Excellent oral and written communication skills in English.
โ Excellent capabilities in relationship management, strong client and impact orientation, effective communication skills, strong problem solving and solution-oriented approaches, strong ability for collaboration and teamwork, and a high degree of responsiveness and reliability.
Please refer to the link for ADB Competency Framework for International Staff level 5.Benefits
ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADBโs standards and comparator markets, taking into account your qualifications and experience.
โ Paid leave (including parental)
โ Medical and health benefits
โ Life and other insurance plans
โ Staff development
โ Retirement plan
โ Housing and education allowance (if applicable)
โ Expatriate benefitsAbout Us
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.
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.
Visit ADB Careers FAQ for more information.Stay up to date Subscribe to our newsletter and get the latest issues, news, events, jobs and data in your e-mail inbox.
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