Description
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 Director, Finance 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 ADB's 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 ADB's developing member countries (DMCs); and ensures ADB's technical leadership internally and externally.
The Finance Sector Office (SD3-FIN) supports financial sector development through sovereign initiatives to develop deep and liquid financial markets and enhance financial stability. Key areas of focus are financial inclusion, capital markets and contractual savings, digital finance and innovation, and sustainable finance.
You will be based at our Headquarters in Manila, Philippines.
You will report to Senior Director, SD3-FIN and will oversee assigned international and local staff.
Your Role
As a Director, Finance, you will be responsible for the delivery of sector work programs in the regions in line with regional work programs.
You will:
· Ensure delivery of quality sector support to Country Partnership Strategy (policy dialogue, diagnostics, roadmaps) and pipeline development, and coordinate implementation of approved sector roadmaps.
· Oversee the design and implementation of sector projects in the region to ensure quality, achievement of targets, value addition and compliance with ADB policies.
· Work across specialized practice teams within SD-FIN and across other sectors in ADB.
· Develop regional sector staffing, work plans, and delegate and manages work assignments.
· Mentor regionally assigned and country-based staff and lead relevant sector staff recruitments.
· Contribute to the sector’s knowledge management, quality assurance, and strategy development efforts.
· Decide on certain administrative and operational processes that require director approval and allocation of relevant budgets within the regional unit.
· Supervise the development of sector diagnostics and roadmaps, concept papers, and project quality review.
· Advise on country and regional work programs.
· Assign staff resources to PSOD, OMDP, and private sector development teams for joint projects.
· Advise and recommend on significant developments, emerging opportunities, and challenges in area of responsibility.
· Lead and facilitate effective coordination and cooperation with other ADB Departments and internal stakeholders.
· Manage the performance of teams and individuals providing clear direction and regular monitoring and feedback on performance.
· Provide coaching and mentoring to team and individuals and ensure their on-going learning and development.
· Develop and maintain a positive and inclusive work environment for team.
Qualifications
You will need:
· Master's Degree or equivalent in Economics, Finance, Business Administration or related fields, with specialization in development and/or finance sector issues; or University degree and at least 10 years specialized experiences relevant to the position can be considered.
· At least 15 years of relevant experience within the finance sector at senior levels (e.g. managing large teams), with good knowledge of the Asia Pacific region.
· Proven management and leadership qualities.
· Excellent capabilities in people and talent leadership, strong client and impact orientation, and effective communication.
· International experience working in several countries and multiple ADB regions.
· Experience in private sector desirable.
· Please refer to the link for ADB Competency Framework for Technical Managerial Staff M1.
Benefits
ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB's 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)
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 is a fixed-term appointment for a managerial position, initially for a period of 3 years or up to Staff's Normal Retirement Date (NRD) whichever comes earlier, 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 an additional fixed term period of up to 3 years or allow it to expire. This decision will be made in the overall interest of ADB, based on factors including, but not limited to, ADB's medium- to long-term plans for the organizational unit, the relevance of the staff's skills to those plans, and the staff's managerial and behavioral competencies. Notwithstanding the length of the initial or any subsequently renewed FT-M, the expiration date of any fixed-term appointment will not exceed the Staff's NRD. There is no limit on the number of renewals up to Staff's 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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