JOB DESCRIPTION

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 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,

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 Senior Director, 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 ADB’s 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 sector’s 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 division’s 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 division’s 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.
Qualifications

You will need:

Master’s degree in economics, finance, or an MBA. Bachelor’s 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 Master’s 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 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 (for international staff)

Level of Education: Bachelor Degree

Work Hours: 8

Experience in Months: No requirements