Treasury Assistant / Senior Treasury Assistant

Job Vacancy | Monday, December 20, 2021

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).

This position is for outposting to Thailand Resident Mission (TRM) and is open to internal and external applicants. If the successful candidate is an external candidate, he/she may initially be based in HQ prior to be outposted. If the successful candidate is an internal candidate, the outposting will be immediate.

This vacancy is a local staff position. It is open only to nationals and residents of Thailand.

IMPORTANT NOTE: 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 outposted to Thailand Resident Mission (TRM) and 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 ADB 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.

To ensure the timely delivery of ADB’s operational and financial commitments, TDTS performs a wide array of services that aim to strategically plan and manage ADB's finances, and efficiently mobilize funds required for ADB’s operations.

To view ADB Organizational Chart, please click here.

Job Purpose

Under the guidance of senior staff in the Treasury Regional Hub (TRH), the Senior Treasury Assistant will provide analytical, technical and critical support in (i) cash position management and funding of debt service transactions; (ii) cash accounts reconciliation; and (iii) processing of payment transactions. Incumbent is also expected to act as backup to HQ teams in processing various treasury functions such as bank relationship management and setting up, in relevant Treasury systems, ADB accounts and bank/branch records for consultants/vendors.

The incumbent will report to the designated International Staff and senior National Staff.

Responsibilities

Cash Position Management

  • Maintains, reviews and shares with relevant stakeholders the cash positions of various currencies for Ordinary Capital Resources (OCR), Special and Trust Funds on a daily basis.

  • Assists in arranging funds for operational requirements and ensures surplus funds are timely invested.

  • Monitors accounts for receipts/refunds and ensures timely recording in ADB books

Debt Service Transactions

  • Ensures efficient and timely funding of debt service obligations.

Reconciliation of Bank Accounts

  • Assists in the daily reconciliation of cash accounts by ensuring that all cash transactions in ADB’s books and correspondent bank accounts are accounted for.

  • Investigates any discrepancies and coordinates with relevant internal units and external parties for resolution of outstanding items.

  • Prepares daily reconciliation report and shares with relevant stakeholders.

Payments and Disbursements

  • Assists in timely and accurate payments related to loans, technical assistance, grants, equity investments and administrative expenses.

  • Assists in determining and arranging for purchase of required currencies for disbursements.

Bank Relationship Management and Account Setups

  • Manages correspondent banking relationships and assists in review of terms and conditions and services provided by banks

  • Sets-up ADB bank accounts in relevant Treasury systems

  • Sets-up bank and branch records in relevant Treasury systems for consultants/vendors based on requests from various business units

Qualifications

Relevant Experience & Requirements

  • Bachelor’s degree in accounting, finance, business administration or other related disciplines.

  • At least 5 years of relevant professional experience in Treasury operations

  • Knowledge of treasury operations (cash management, reconciliation, payment processing, correspondent banking), investment and funding operations

  • Knowledge of accounting operations (accounting of cash transactions and reconciliation of accounts)

  • Proficient with Treasury related applications, such as SWIFT, reconciliation tools

  • Understanding of the interactions between Treasury and other work areas

  • Excellent written and verbal communication skills in English

  • Strong numeracy skills and keen attention to details

  • Strong interpersonal skills

  • Ability to work independently and set own work priorities; resourceful and innovative.

  • Please refer to the link for ADB Competency Framework for Administrative Staff Level 4/5

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.

This vacancy is a local staff position. It is open only to nationals and residents of Thailand.

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.