Principal Financial Sector Specialist

Full Time
Manila, Philippines
Posted 2 months ago

 

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About The Asian Development Bank

The 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 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 the ADB Organizational Chart, please click here.

The Role

The Principal Financial Sector Specialist is expected to oversee the formulation and articulation of financial sector policy and strategies, engaging Developing Member Country (DMC) governments in policy dialogue, and conducting ADB’s activities to support financial sector policy and reforms. His/her scope of work includes the following: banking sector, non-bank financial institutions, contractual savings, capital markets, financial infrastructure, financial governance, project finance and public-private partnerships. He/she will also assist the Director in overseeing a variety of complex workstreams and help respond to strategic initiatives across the Bank, and coordinate on operational reviews and assessments to ensure their quality.
The incumbent will report to Director, SEPF and may supervise National and Administrative staff.

Responsibilities

• Oversee the development of strategies for the financial sector in DMCs, covering areas such as banking sector, non-bank financial institutions, contractual savings, capital markets, financial infrastructure, financial governance, project finance and public- private partnerships, among others, in consultation with relevant government agencies and Resident Missions (RMs) within the region.
• Propose, develop, oversee and supervise innovative loan and TA projects in financial sector and related operations on private sector development, in
any regional DMC, with high levels of risk and complexity, and multiple stakeholders.
• Lead work to explore global best practices and new innovations in the financial sector, particularly in financial regulation, and capital market and contractual savings reforms.
• Coordinate across the Bank to help the department and division achieve a “one ADB” approach to incorporating global best practices and new innovations
in financial sector development and financial stability to promote a better investment climate, economic growth and reduced income inequality in DMCs.
• Support the division and the department to interface, coordinate and respond to other departments in the Bank with regard to the historical perspective of ADB engagements, operational reviews and evaluations, strategic support and procedural issues, and coordination of development activities.
• Maintain communications with and represent the division and department as appropriate in meetings with senior level government staff within the financial sector in the region’s DMC’s.
• Participate in external conferences and events and serve as a liaison to industry standard setting bodies such as ICMA and ISDA.
• Provide coaching and mentoring to team and individuals within the division, and across the department as necessary to ensure their on-going learning and development.
• Supervise the performance of assigned team members providing clear direction and regular monitoring and feedback on performance.
• Support the Director in portfolio and program management of the division.

Qualifications

• Master’s Degree, or equivalent, in Finance, Commerce, Economics, or related fields. Alternatively, university degree in related fields combined with additional relevant professional experience can be considered.
• At least 12 years of relevant professional experience in financial sector development reforms such as banking supervision and reforms, nonbank financial institution reforms, treasury operations, capital market development and contractual savings reforms.
• Experience in the development of financial sectors in developing economies overing areas such as banking reform, nonbank financial sector reforms, capital market development and contractual savings reforms is a significant advantage.
• Experience in financial sector projects in the operations of multilateral development organizations, with demonstrated experience in project design and administration is an advantage. Experience in the following countries is particularly encouraged: Philippines, Indonesia, Viet Nam, Cambodia and Myanmar.
• Experience in private sector development, public-private partnership (PPP) and non-sovereign operations (NSO) is an advantage.
• Ability to steer ideas and projects to improve linkages between financial sector development, investment climate and financial inclusion is preferred.
• Experience in managing teams and mentoring junior staff is required.
• Ability to coach team members to develop their capabilities/potential is required.
• Excellent oral and written communication skills in English.
• Please refer to the link for ADB Competency Framework for International Staff IS6.

Job Features

Job CategoryDawn, Governmental and International Organisations, Mark W
LocationMetro Manila, Philippines (remote upon consideration for the time being)
SalaryCompetitive salary with benefits
Closing Date30th November 2021
ImportantApplications will be reviewed on a rolling basis

Apply Online

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Job Features

Job CategoryDawn, Governmental and International Organisations, Mark W
LocationMetro Manila, Philippines (remote upon consideration for the time being)
SalaryCompetitive salary with benefits
Closing Date30th November 2021
ImportantApplications will be reviewed on a rolling basis

Apply Online

Mark Willett
Mark Willett

Associate Consultant, AsiaPac

adb@oxfordhr.co.uk