fbpx Associate Treasury Officer (Bonds and Derivatives Management) | Asian Development Bank

Associate Treasury Officer (Bonds and Derivatives Management)

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.

1 Close 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.

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's mission is to reduce poverty and promote sustainable economic growth in the region. ADB's main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.

ADB only hires nationals of its 68 members.

The position is assigned in the Treasury Services Division (TDTS) within the Treasury Department (TD). TD performs a strategic role in efficiently planning, mobilizing, and managing ADB's finances, with the view of protecting ADB's solid financial standing to enable the Bank to deliver on its developmental goals. TD defines ADB's asset and liability management policies on liquidity income management, currency management, and loan pricing. It coordinates increases in ADB's general capital and raises funds in capital markets. TD also manages ADB's investment portfolio to ensure that ADB's liquidity requirements are met at all times.

The Treasury Department Treasury Services Division (TDTS) performs treasury back office functions, including funding and investment operations, loan disbursements, IT systems, and technical assistance operations. It manages ADB's overall cash position, ensuring ADB's timely delivery of funds for its loan and grant disbursements, debt service payments, and other expenses.

To view ADB Organizational Chart, please click here.

Job Purpose

The Associate Treasury Officer will provide substantive administrative, analytical, technical and operational support in: (i) the trade capture and management of new borrowings, buybacks and derivative transactions in the treasury system including pre-deal analysis of structures (ii) the timely settlement of debt obligations and derivatives transactions of the Bank through proper pre-settlement confirmations with external parties and prompt resolution of discrepancies (iii) the monitoring and management of early redemptions resulting from exercise of call or put option and auto trigger redemptions including preparation of related documents and reports (iv) the review of trade and settlement transactions as alternate reviewer (v) the preparation and review of documents, processes and measures to support business continuity and (vi) analysis and testing of new structures, system enhancements and creation of structured product templates. The incumbent will report to designated International Staff and senior National Staff.

Responsibilities

Under the guidance of a senior staff, contributes independently by completing a variety of tasks assigned, covering all or a combination of the following functions:

  • Analyzes the structures of new bond and swap transactions issued under the various funding programs of ADB and, when necessary, ensures that any discrepancy in the final term sheets are relayed to trader for resolution prior to trade booking. Ensures that the bond and derivatives data captured in the system that flow to accounting, risk, settlement documents and reports are in accordance with the executed final terms and conditions and reflect agreements with paying agents, swap counterparties and other parties.

  • Analyzes and reviews trade cashflows; performs pre-settlement confirmation activities with external counterparties; and coordinates early resolution of discrepancies in the calculations of interest and redemption amounts. Ensures that all settlement flows are complete and processed correctly in the system and properly confirmed by the counterparties. Monitors and coordinates execution of time-bound payments to counterparties to avoid failed settlements and performs post-settlement investigations.

  • Acts as back up to senior National Staff and alternate reviewer of trade and settlement transactions in the system.

  • Monitors possible early redemptions for the year; processes the early redemptions in the system; prepares notifications to paying agents and swap counterparties; informs internal parties for liquidity and liability management; and prepares early redemption forecast report. Ensures that notices to exercise call option on the swap and bond, including repurchase notice of buyback, are received, acknowledged and acted upon promptly by the swap counterparty and paying agent.

  • Analyzes new products or structures as part of the New Product Approval process and evaluates the treasury system's capability to handle these structures through feasibility tests. Coordinates results of testing to front-office, accounting, risk, system support and market data management for further analysis. Creates and tests structured product templates in treasury system.

  • Analyzes queries or communications received from internal and external counterparties and responds to these promptly and accurately, escalating issues where applicable to speed up resolution of issues.

  • Assists front office in review of new markets related to payments and in providing information for reports on various Treasury related activities such as new borrowings, cash flow projections, historical performance of various financial instruments, lending rate determination, market purchase operations among others under clear direction or format, assumptions and methodologies.

  • Evaluates critical processes and potential operational risks, including its impact on trade management, accounting, risk and settlement, particularly in relation to the division's business continuity plans. Recommends solutions to mitigate or prevent such risks. Maintains and updates business continuity plans and counterparty contact lists.

  • Performs other functions that may be assigned and reflected in the incumbent's work plan.

Qualifications

Relevant Experience & Requirements

  • Bachelor's degree in Banking, Finance, Business Administration, Accounting or related disciplines, preferably with Master's degree or equivalent advanced training.

  • At least 6 years of relevant professional experience, preferably in treasury, accounting, finance or risk management operations. With direct experience on derivatives particularly swaps and fixed income instruments would be an advantage.

  • Strong planning and organizing skills to handle various tasks within given deadlines.

  • Strong analytical and numerical abilities with clear attention to detail.

  • Excellent written and verbal communication skills in English is required.

  • Sound knowledge and full understanding of international payment systems and banking practices, bond and derivative markets conventions and new regulations affecting international capital markets.

  • Solid understanding of relevant Treasury and general policies, procedures, guidelines and reporting formats prevalent in a multilateral institution is an advantage.

  • Familiarity with borrowing documentation and swap documentation in line with ISDA Definitions is an advantage.

  • Familiarity with different SWIFT messages and processes in the primary issuance market would be an advantage.

  • Able to work collaboratively with teams as a constructive team member with proven interpersonal skills.

  • Able to work independently within given guidelines.

  • Please refer to the link for ADB Competency Framework for National Staff level 1.

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 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.