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 Financial Sector Office (FIN) within Sectors Department 3 (SD3). SD3 aims to deliver impactful sector strategy initiatives and integrated solutions that advance ADBs strategic agenda in the region. SD3 which is comprised of the Finance Sector Office (FIN) Human and Social Development Sector Office (HSD) and Public Sector Management and Governance Sector Office (PSMG): delivers or supports sovereign nonsovereign and advisory operations; delivers knowledge services; supports regional departments (RDs) and resident missions (RMs) in engaging with ADBs developing member countries (DMCs); and ensures ADBs technical leadership internally and externally

FIN leads policy and regulatory reform loans and technical assistance (TA) credit lines to state-owned financial institutions administration of ongoing programs dialogue knowledge management project quality assurance and sector analytic work in the financial sector.

You will be based at our Headquarters in Manila Philippines

You will report to Director SD3-FIN and will oversee Junior team members.

Your Role:

As a Senior Financial Sector Specialist you will contribute to the articulation and implementation of policies and strategies for the finance sector in developing member countries (DMCs). You will ensure proper project identification preparation appraisal documentation and compliance with ADBs policies operations manuals project administration instructions and assistance-related documentation during the development and implementation of loans TA and non-lending products and services (NLPS) for the financing projects. You will (i) manage overall project portfolio through identification of implementation problems and execution of corrective actions working with the regional teams portfolio heads; and (ii) perform quality assurance of new projects by utilizing the sectors collective knowledge and experience in project processing and portfolio management. You will work closely with internal teams and resource departments and externally with clients and supervise critical tasks as may be assigned from time-to-time.

You will:

• Oversee and lead as assigned the implementation and administration of loan grant and TA projects which require policy institutional and operational reforms and use of innovative approaches in advancing sector transformation;
• Administer complex loan/grant and technical assistance projects with sectoral and thematic area of focus;
• Lead the monitoring periodic review and progress reporting of project/program implementation compliance with covenants achievement of divisions annual portfolio targets and the achievement of the desired project/sector outcomes;
• Provide guidance and advice to improve portfolio performance and identify actions needed to resolve project implementation issues and problems. Oversee the execution of actions to address project implementation problems;
• Actively participates in network activities in the finance sector and regional cooperation and integration knowledge sharing staff mentoring and keeps abreast of the latest developments and issues;
• Collaborate with other development partners in the finance sector for consistency and harmonization of approach exchange of experience partnership and cofinancing where appropriate;
• Ensure that lessons learned in project administration are reflected in the design of new projects and communicated properly to key stakeholders;
• Ensure quality and consistency of reports project documents and communications related to the divisions portfolio management;
• Provide advice on ADB policies guidelines practices on project administration to internal and external stakeholders;
• Supervise the performance of any reporting staff providing clear direction and regular monitoring and feedback on performance; and
• Ensure the ongoing learning and development of reporting staff.

You will need:

• Masters degree in economics finance or an MBA. Bachelors degree in economics international development or business/finance combined with at least 5 years specialized experience in similar organization/s may be considered in lieu of a Masters degree.
• At least 10 years of relevant professional experience in project processing and project administration and sector evaluation with significant experience in the financial sector including international experience working in several countries.
• Two years of relevant experience outside ADB within the past five years is required. Years as an ADB engaged consultant or contractor are considered experience outside of ADB.
• Proven leadership qualities and track record in successfully leading teams and coaching staff.
• Good knowledge of finance sector operations.
• Experience with multi-sectoral teams is particularly desirable
• Excellent written and verbal communication skills in English.
• Please refer to the link for ADB Competency Framework for Technical International Staff Level 2.

Benefits

ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADBs standards and comparator markets taking into account your qualifications and experience.

• Paid leave (including parental)
• Medical and health benefits
• Life and other insurance plans
• Staff development
• Retirement plan
• Housing and education allowance (if applicable)
• Expatriate benefits (if applicable)
• Relocation (if applicable)

Additional Information

This is a re-advertisement. If you have previously applied you do not need to resubmit an application. Applications received in response to previous posting will be considered together with applications received in response to this advertisement.

This appointment is open to internal and external applicants.

This position is crucial to the Workforce Rebalancing Framework (2022-2027) a strategic initiative aimed at enhancing ADBs in-house expertise previously sourced from the external workforce. The role seeks seasoned experts with substantial field experience capable of leading policy dialogue and projects focused on delivering knowledge solutions. Successful applicants may occasionally undertake short-term assignments in other departments or offices when required.

This is a fixed term appointment with option to renew initially for a period of up to 3 years or up to the Normal Retirement Date (NRD) whichever comes earlier for the purpose(s) and conditions determined by ADB in accordance with Administrative Order No. 2.01 (Recruitment and Appointment). After the initial fixed-term period ADB may choose to renew the appointment for up to an additional 3 years or not renewed. This decision will be made in the overall interest of ADB based on factors including but not limited to the requirement of Staffs particular blend of skills and experience for the medium-term work program of the organizational unit sufficient funding to cover the renewed period and Staffs performance and suitability for employment. There is no limit to the number of renewals up to NRD. However this appointment is not convertible to a regular appointment.

About Us

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila Philippines and is composed of 69 members 50 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 69 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.

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