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Title: Economist (Banking and Capital Markets)
Department/Division: East Asia Department (EARD) / Regional Cooperation, Governance, and Finance Division, EARD (EARG)

1. IMMEDIATE REPORTING RELATIONSHIPS:

The position reports to: Director, Country Coordination, Regional Cooperation, Governance, Finance and Trade Division (EARG)

The following staff positions report to the Economist (Banking and Capital Markets):
National Officers and Administrative Staff

2. JOB PURPOSE:

Provide technical inputs and analyses in the identification, design, development, processing and evaluation of loan and Technical Assistance (TA) projects in the Division's regional member countries and ensure economic soundness and consistency with policies and strategies to further development in the financial sector. Undertake activities to administer loan and TA projects, and non- lending products and services (NLPS) in the financial sector with a focus on banking and capital markets. Contribute to the development and evaluation of financial sector policy in developing member countries (DMCs). Work within broad policies and objectives with supervision for unfamiliar or critical tasks.

3. EXPECTED OUTCOMES:
  1. Strategy and Planning
  • Provide information and analyses in the development of policies, strategies and innovative, participatory approaches to further development in the financial sector covering banking and capital markets among others, in the context of sustainable economic development and poverty reduction.
  • Conduct economic and sector work such as the identification and analysis of financial sector development trends, economic analysis for regional and DMC specific sector studies and technical assistance, etc.
  • Provide technical inputs for country programming and contribute to the development of Country Partnership Strategies (CPSs) and Updates.
  • Contribute to interdepartmental working groups on financial sector issues, and participate in country teams.
  1. Project Management
  • Assist in economic analysis and provide technical inputs for the identification, design, development, and processing of loan and TA projects in the Division's regional member countries consistent with policies and strategies to further development in the financial sector, especially in relation to banking and capital markets.
  • Participate in missions and other activities for the administration of sector and program loan and TA projects in the financial sector and especially in relation to banking and capital markets.
  1. Policy and Project Evaluation
  • Contribute to data collection, micro- and macro- economic, and social analyses for assessing the impact of policies, strategies and projects on the beneficiaries, the financial sector, and on the overall social and economic development of DMCs.
  • Evaluate the cost and benefits of projects as well as draw lessons for future projects.
  1. Knowledge Sharing
  • Participate in sector and thematic networks around the financial sector and related issues to keep abreast of latest developments and issues.
  1. Staff Supervision
  • Provide leadership and support to reporting staff.
  • Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
  • Ensure the on-going learning and development of reporting staff.

4. CORE COMPETENCIES:

Technical Knowledge and Skills

  • Able to help and advise others based on their specialist area of knowledge and skills in the financial sector and poverty reduction
  • Uses technical knowledge and skills to complete complex work in the financial sector
  • Uses technical knowledge and skills to improve work systems

Client Orientation

  • Works to meet needs of clients according to ADB policy
  • Communicates often with clients and seeks to understand and anticipate their needs
  • Works with clients to find ways to meet changing needs

Achieving Results

  • Find ways to reduce time and cost of completing work
  • Monitors work and progress and makes improvements
  • Works with others to overcome problems and finds alternative ways to complete work when necessary

Working Together

  • Provides practical support and encouragement for team members
  • Encourages all team members to work together
  • Sets priorities for the team and ensures they are followed through

Learning and Knowledge Sharing

  • Learns new skills and knowledge and applies them
  • Continuously finds new solutions to problems
  • Leads the team in sharing knowledge and expertise

5. KEY RELATIONSHIPS:
a. Supervisor
  Director Work planning, performance feedback, results assessment, and personal development
b. External Clients
   Policy analyses and development, project development, implementation and monitoring, knowledge sharing and capacity development
c. Internal Clients
   Support for operations coordination, project management, knowledge and information sharing. Team and mission management

6. EDUCATION REQUIREMENTS:

A university degree in economics, preferably with specialization in the financial sector or other related fields; preferably at post-graduate level or its equivalent

7. RELEVANT EXPERIENCE AND OTHER REQUIREMENTS:
  • Suitability to undertake the responsibilities mentioned above at the required level
  • At least 6 years of relevant professional experience in the financial sector as well as exposure in the full project cycle (i.e. programming, project processing to project administration)
  • Excellent oral and written communication skills in English
  • International experience working in development in several countries

8. IMPORTANT INSTRUCTIONS:

Established in 1966 and headquartered in Manila, Philippines, ADB's multicultural staff come from over 50 member countries. ADB offers an internationally competitive salary paid in US dollars. Salaries and benefits are generally free of tax except for citizens of some countries, primarily the USA and the Philippines, whose incomes are taxed by their respective governments. While the position advertised is for the ADB Headquarters in Manila, Philippines, ADB staff must be prepared to serve in any location outside its Headquarters at the discretion of Management. Applicants must be nationals of one of ADB's member countries.

Apply electronically, quoting Ref. No. EXT-PS08-032(2)-EARG and job title on subject line and attaching application form to email address PS-Jobs@adb.org.

Gender and cultural diversity is a core recruitment value and women are actively encouraged to apply.

Due to the volume of applications, ADB will not be able to respond to inquiries about application status and will only contact shortlisted candidates. Applications lacking the job reference number and job title or using the wrong e-mail address will not be considered.


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