fbpx Director | Asian Development Bank

Director

IMPORTANT NOTE:

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

Ifthe selected candidate is an external hire, the appointment may be extended fora 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 bereassigned to any suitable position in ADB.

Thesame terms and conditions also apply to a selected internal candidate. Inaddition, if the staff selected has a regular appointment, staff will retainthe regular appointment and his/her selection will be considered an assignmentfor an initial fixed period of 3 years. If the staff selected has a fixed termappointment, his/her appointment will cease, and he/she will be given a newfixed term appointment for an initial term of 3 years.

Fixed-termappointments 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.

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

Closerelatives1 of ADB staff, except spouses of international staff, arenot eligible for recruitment and appointment to staff positions. Applicants areexpected to disclose if they have any relative/s by consanguinity/blood, byadoption 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

Staffon probation are not eligible to apply. Applicants for promotion must have servedat their position for at least one year and must have normally served at theirpersonal level for at least two years immediately preceding the date of thevacancy closing date. Applicants for lateral transfer must have served at theirposition and personal level for at least one year immediately preceding thedate of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).

Overview

Asian DevelopmentBank (ADB) is an international development finance institution headquartered inManila, Philippines and is composed of 68 members, 49 of which are from theAsia and Pacific region. ADB is committed to achieving a prosperous, inclusive,resilient, and sustainable Asia and the Pacific, while sustaining its effortsto eradicate extreme poverty. ADBcombines finance, knowledge, and partnerships to fulfill its expanded visionunder itsStrategy 2030.

ADB only hiresnationals of its 68 members.

The position isassigned in the Credit Division 2 within the Office of Risk Management (ORM).The Division provides advice on deal structuring and risk mitigation, andprovides credit decision and approval particularly for (i) corporate financetransactions, and (ii) equity investments. ORM ensures that ADB's goal issustainable by safeguarding ADB's rating, advising Board and Management on riskissues and promoting strong risk cultures.

To view ADBOrganizational Chart, please click here.

Job Purpose

The Director, RMCD2will provide leadership for Credit Division 2 within Office of Risk Management(ORM). The position will lead in providing high standard and timely guidance,advice, credit decision on nonsovereign transactions particularly (i) corporatefinance transactions; and (ii) equity investments, direct and indirect (e.g. throughprivate equity funds or similar vehicles). Lead the planning, implementation,and supervision of the division's vision, goals, strategies, and work plan insupport of ADB goals in nonsovereign operations and risk management. It willoversee the quality of work and ensure the achievement of objectives of thedivision; lead and support external and internal relations, coordination andconsultation initiatives for the department, and promotion of risk culture inADB and lead and provide guidance on day-to-day risk assessment activities andcompliance with ADB risk management policies.

The incumbent willreport to Head, ORM and will supervise international, national andadministrative Staff.

Responsibilities

a. Leadership and StrategicManagement

  • Leads, establishes and cascades the division'svision, goals, development strategies and key result areas in support of ADB'sgoals, Strategy 2030, departmental goals and in compliance with ADBpolicies;

  • Leads the planning, implementation andsupervision of work plans; monitor the quality of output and the achievement oflong-term goals and annual objectives for the division;

  • Provides leadership in professional andoperational matters, taking the initiative in contributing new and bestpractice approaches to strengthening risk assessment/ mitigation, companyvaluation, deal structuring, credit/equity risk policy, and risk analysismethodology;

  • Leads and develops an annual strategic andbusiness plan for benchmarking the division's targets and accomplishments;

  • Leads and identifies key priority areas of thedivision; and

  • Facilitates effective coordination withoperations departments to ensure that new nonsovereign transactions areundertaken in compliance with ADB's credit/equity approval process.

b. Risk Assessment

  • Leads in providing advice and recommendations tothe project teams on appropriate risk mitigation measures, deal structuringissues, valuation and pricing, terms and conditions, and financial covenantsthroughout the entire credit/equity approval process;

  • Leads in streamlining documentation requirementsfor all types of nonsovereign transactions during both the concept review andtransaction review phases;

  • Leads in ensuring appropriate valuation and pricingof nonsovereign transactions based on the risk profile or applicable equityvaluation methodologies, capital requirement, portfolio impact, and marketconsiderations;

  • Leads in ensuring that each transaction complieswith portfolio management objectives with respect to exposure limits,diversification and/or concentration as advised by the Risk Policy andArchitecture Division;

  • Leads in providing support to operationsdepartment in due diligence assessments where the proposed transaction'scomplexity or unique risk profile warrants; lead in independent site visits forproposed transactions where warranted;

  • Leads in providing inputs into, andrecommendation for, approval of risk ratings or equity valuation for newtransactions; and

  • Leads in providing support for InvestmentCommittee meetings.

    c. Transaction Monitoring

    • Leads a team of risk professionals in monitoringADB's operations portfolios;

    • Leads in ensuring timely reviews of existingnonsovereign transactions and providing approval of risk ratings or fair valueestimates; and

    • Leads in approvals of waivers of loan covenantsand conditions, restructurings, changes in terms, and other amendments totransactions agreements.

    • Advises on voting instructions, boardnominations, exercising of shareholder rights and in relation to corporateevents.

      d. External Relations andCoordination

      • Providessupport for relationship management, consultation and coordination withgovernment, development partners, and private sector groups in area ofresponsibility.

      e. Internal Relations

      • Providessupport for relationship management and coordination with the Board, SeniorManagement and other departments.

      f. DivisionOperations Management

      • Leads the effective day-to-day operations andprovide guidance on operational issues and ADB policies;

      • Informs and provides recommendations to Head,ORM, for significant developments, emerging opportunities and challenges inarea of responsibility;

      • Leads and facilitates effective divisioncoordination and cooperation with other ADB departments and internalstakeholders;

      • Undertakes the performance management of thedivision, including motivation of division staff; and

      • Manages budget and resource allocation for thedivision.

      g. Staff Supervision

      • Creates and leads multidisciplinary teams andensure the overall quality of its work;

      • Manages the performance of teams and individualsproviding clear direction and regular monitoring and feedback on performance;and

      • Provides coaching and mentoring to the team, andindividuals, and ensure their on-going learning and development.

      Qualifications

      Relevant Experience & Requirements

      • Master's degree or equivalent, relevant to theassigned area. University degree combined with specialized experience insimilar organization/s may be considered in lieu of a Master's degree.
      • At least 15 years of banking experience dealingwith credit and/or equity risk investment and monitoring issues related to complex(i) debt and guarantee transactions in corporate finance; and (ii) equityinvestments, direct and indirect, in priority sectors of ADB's nonsovereignoperations.

      • Experience in all aspects of credit riskassessments, mitigation, and structuring of debt, direct and indirect equity,or guarantee transactions including technical, financial, market/industry, andregulatory risk analysis with emphasis on effective and efficient creditdecisioning in emerging market environments, and proven ability to distill thekey drivers for credit and equity investment decisions.

      • Ability to lead a team of seasoned creditofficers to manage credit and equity approval processes tightly througheffective engagement with the business teams, while at the same time providingcoverage and approval for certain types of transactions directly.

      • Detailed understanding of lending and investmentpractices, banking products, financial modeling, rating methodology, stress testing,analytical framework for assessing economic capital and loan loss provisioningadequacy, company valuation (including all customary valuation methodologies) andrisk management concepts and methodology.

      • Excellent intellectual, team leadership andproblem-solving skills including strong ability to manage effective teamworkand communication.

      • Excellent oral and written communication skillsin English.

      • International experience working in severalcountries.

      • Please refer to the link forADB Competency Framework for International Staff Levels 7-

        8.

        General Considerations

        The selectedcandidate is appointed for an initial term of 3 years.

        ADB offerscompetitive remuneration and a comprehensive benefitspackage.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 ensurethat everyone is treated with respect and given equal opportunities to work inan inclusive environment. ADB encourages all qualified candidates to applyregardless of their racial, ethnic, religious and cultural background, gender,sexual orientation or disabilities. Women are highly encouraged to apply.

        Please note that the actual leveland salary will be based on qualifications of the selected candidate.