Date of last update: 08/04/2022 2022-04-08
The mission of the Asian Development Bank (ADB) is to help its developing member countries to reduce poverty and improve the quality of life of their people through inclusive and environmentally sustainable growth and regional integration. The ADB Group comprises the ADB and the Asian Development Fund (ADF), the concessional window which provides support to the poorest regional member countries.
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IMPORTANT INFORMATION:
Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.
1Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle
Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).
In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category.
This is a re-advertisement. Previous applicants need not apply. Applications received in response to previous posting will be considered together with applications received in response to this advertisement
This is a special fixed-term appointment for a period of three (3) years following Section 3.1 (c.) of Administrative Order No. 2.01 ("Recruitment and Appointment'). This appointment is not convertible to a regular appointment. It may be extended on exceptional basis for a further fixed period at the option of ADB. This appointment is open to internal and external applicants.
If the successful candidate is an ADB staff member holding a regular appointment, his/her regular appointment will be converted to a special fixed-term appointment. A special fixed-term appointment will automatically and without prior notice expire at the end of the term.
Overview
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 Finance Sector Group under the Sector Advisory Service Cluster of the Sustainable Development and Climate Change Department (SDCC). SDCC provides leadership, innovation, and knowledge sharing for ADB's sector and thematic work. The Finance Sector Group supports (i) finance sector development through initiatives to develop deep and liquid financial markets and enhance financial stability; (ii) financial inclusion by promoting savings, investments, insurance, and initiatives aimed at empowering micro, small and medium sized enterprises and women; and (iii) infrastructure finance by crowding in private sector investment, economic diversification, management of risk, and integrating initiatives that contribute to disaster risk management and climate change adaptation and mitigation.
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Job Purpose
The Senior Financial Market Specialist (Climate Financing) will support finance sector operations in contributing to ADB's climate goals in line with the Paris Agreement following the 6 building blocks: (i) alignment with mitigation goals; (ii) adaptation and climate-resilient operations; (iii) accelerated contribution to the transition through climate finance; (iv) strategy, engagement and policy development; (v) reporting; and (vi) aligning internal activities, including facilities and other internal policies. He/she will provide strategic advice on sustainable finance issues including climate finance policy framework and capital market instruments for operations, innovative financing models, regulatory capital, and the development of resilient financial markets. He/She will have a solid finance background and will lead in developing, implementing, and advising transactions using innovative financing approaches to help catalyze the investments required for supporting ADB operations in climate mitigation and adaptation in the region. The incumbent will have a primary report to the Chief of Finance Sector Group and a secondary report to Chief of Climate Change and Disaster Risk Management Thematic Group, concurrently Director of Sustainable Development Climate Change and Disaster Risk Management Division. He/she will supervise national and administrative staff.
Responsibilities
Qualifications
Relevant Experience & Requirements
General Considerations
The selected candidate, if new to ADB, is appointed for an initial term of 3 years.
ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's qualifications and experience.
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.
Please note that the actual level and salary will be based on qualifications of the selected candidate.
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Type of contract: Staff (Permanent and Fixed Term)
Duration: 3 years
Macro-area: South / East Asia and Pacific
Level of experience: Senior Professional, more than 5 years
Area of work Definition: Banking and Finance
Type of organisation: Multilateral Organisations