fbpx Chief of Finance Sector Group | Asian Development Bank

Chief of Finance Sector Group

IMPORTANT INFORMATION:

This is a senior staff fixed-term appointment for a period of 3 years. This vacancy is open to internal and external applicants.

If the selected candidate is an external hire, the appointment may be extended for a period of up to 3 years per extension, or not renewed. In case of extension, staff may continue in the position for another term of up to 3 years or be reassigned to any suitable position in ADB.

The same terms and conditions also apply to a selected internal candidate. In addition, if the staff selected has a regular appointment, staff will retain the regular appointment and his/her selection will be considered an assignment for an initial fixed period of 3 years. If the staff selected has a fixed term appointment, his/her appointment will cease, and he/she will be given a new fixed term appointment for an initial term of 3 years.

Fixed-term appointments or assignments are subject to Section 3 of Administrative Order (AO) 2.01 (Recruitment and Appointment) and Section 8 of AO 2.03 (Selection, Talent and Position Management) and its Appendices.

Whether the selected candidate is internal or external, and regardless of the type of appointment, any extension of staff beyond age 60 shall be subject to such terms and conditions determined by ADB, including, where relevant, those provided in Section 10 of AO 2.05 (Termination Policy) and its Appendices.

Close relatives[1] 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.

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.

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 Sector Advisory Service Cluster (SDSC) within the Sustainable Development and Climate Change Department (SDCC). SDCC provides leadership, innovation, and knowledge sharing for ADB's sector and thematic work. SDSC is responsible for providing policy advice, operational support, and knowledge expertise in mainstreaming priorities in the following sectors in ADB operations: energy, education, finance, health, transport, urban, water.

To view ADB Organizational Chart, please click here.

Job Purpose

The Chief of Finance Sector Group heads ADB's Finance Sector Group Secretariat housed in SDSC. ADB adopts a matrix structure for the Sector Groups (SG) - specialists in the area report to their respective Directors, yet the Chief of the SG oversees ADB's overall operations in the sector by providing strategic operational support and knowledge leadership. She/he will therefore help connect ADB's finance sector professionals to innovations in the market and convert advanced thinking into technical assistance and loans to benefit developing member countries (DMCs). As part of the department's management team, the incumbent will report to the Chief Sector Officer, SDSC, work closely with other Chiefs of Sector and Thematic Groups (TGs), and supervise the Secretariat staff, recruited at both international and National and Administrative Staff.

[1] Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle.

Qualifications

Responsibilities

  • Provide leadership in all Finance SG technical and operational matters, in close collaboration with SG steering committee, taking the lead in contributing new or innovative approaches to policy and operational issues.

  • Develop and maintain sector policies, strategies, operational plans, and directional papers. Monitor operations trends against the directions set out by these corporate documents.

  • Lead, establish and cascade the Finance Sector work plan and operational plan in support of ADB's Strategy 2030.

  • Facilitate effective internal communication and foster an SG environment conducive to achieving high staff morale and motivation.

  • Foster and drive innovation, thought leadership, and future looking bank-wide initiatives to help develop future business.

  • Advise operations departments and DMC officials on financial policy matters to create an enabling environment to promote infrastructure finance, finance sector development, and inclusive finance.

  • Keep abreast of the global and regional finance sector initiative such as G20 Global Financial Regulatory Reforms and such knowledge with ADB personnel. When needed, function as the ADB-wide coordinator for such global and regional initiatives.

  • Promote best practices and knowledge, by bringing in global/regional best practices to ADB and promoting ADB's best practices externally through global/regional development platforms.

  • Provide direct support to the regional departments in complex and/or flagship programs and projects in the financial sector.

  • Organize peer review for Country Partnership Strategy, sector assessments, and projects and provide advice on project implementation issues to ensure high impact solutions and outcomes.

  • Develop external knowledge partnerships that will contribute to stronger and more informed focus on ADB's work in the finance sector.

  • Lead and facilitate effective Finance SG coordination and cooperation with other SGs and TGs, departments and internal stakeholders.

  • Provide corporate knowledge support, including reporting, briefing papers, speeches, and support to corporate initiatives.

  • Facilitate interdepartmental mobilization of staff resources as required, including identifying projects/programs which require interdepartmental teams.

  • Monitor quality assurance, including reporting to Management on work plan progress and advising on critical issues.

  • Manage the budget and resource allocation of the Finance SG and contribute to the recruitment and talent management of finance specialists across the Bank.

  • Manage the performance of staff providing clear direction and regular monitoring and feedback on performance.

    Relevant Experience & Requirements

    • Master's degree or equivalent, in finance or related fields, at senior levels. Alternatively, university degree combined with significant specialized experience in similar organization/s, will be considered in lieu of a master's degree.
    • Minimum of 15 years of relevant professional experience, including international work experience in various countries and multi-cultural environments.

    • Proven ability to act as a trusted, strategic advisor, partnering with clients to deliver results.

    • In-depth public sector knowledge and experience in promoting financial systems that supports strong, sustainable and balanced growth, private sector investments, while preserving open and integrated markets and adapting to rapid technological change.

    • Demonstrated experience working across boundaries and with complex multiple stakeholders (public sector, private sector, and academia).

      • A track record of conducting effective policy dialogue with country partners.

      • Recognized externally as a technical expert and leader in the financial sector.

    • Proven management capability and well-established leadership track record.

    • Excellent diplomacy, coordination, liaison, interpersonal and team working skills.

    • Excellent written and verbal communication skills in English.

    • Please refer to the link for ADB Competency Framework for IS 7-10

    General Considerations

    The selected candidate 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 who are nationals of ADB member countries 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.