Economics Officer/Senior Economics Officer

Job Vacancy | Friday, May 13, 2022

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).

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.

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

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 Sri Lanka Resident Mission (SLRM) within the South Asia Department (SARD). SARD is responsible for providing leadership innovation, lending, project implementation and knowledge sharing for ADB’s sector and thematic work that covers operations in Bangladesh, Bhutan, India, Nepal, and Sri Lanka. SLRM is responsible for coordinating all ADB’s country operations in Sri Lanka.

To view ADB Organizational Chart, please click here.

Job Purpose

The Economics Officer/Senior Economics Officer applies technical knowledge in economics, conduct economic analysis and forecasting; monitor economic and political updates; as well as maintain and manage database for SLRM. The incumbent will also assist SLRM in administration of macroeconomic and technical assistance (TA) projects. The position contributes to the Annual Development Outlook (ADO) country chapter, analytical work, background studies and papers, and regularly updates country information notes. The incumbent will report to the Country Director and/or designated international staff (IS) and may supervise administrative staff (AS).

Responsibilities

  • Leads and/or provides substantive inputs to the preparation of ADO country chapter, background studies, briefing material and presentations, analytical work, and country information notes.
  • Leads and/or contributes to the preparation of background papers and studies related to Sri Lanka’s development context.
  • Monitors country economic, political and sector policy developments by:
    • Liaising and interacting with central bank, economists, other experts and other institutions in the country and within the region;
    • Maintaining close coordination with development partners
    • Tracking news coverage of relevant topics; and
    • Monitoring various sources of economic and statistical data
  • Maintains and updates a comprehensive database on the economy
    • Collates and summarizing statistical data from relevant sources;
    • Verifies their validity and accuracy of data;
    • Updates relevant data based on internal and external stakeholders' requirements.
  • Actively participates in the development and operationalization of economic models for forecasting and policy simulation for SLRM, applying standard techniques and approaches.
    • Supports the macroeconomic analysis for RM, including preparation of notes and research papers; and
    • Compiles, analyzes, and reports data to explain economic phenomena and forecast market trends, applying mathematical models and statistical technique.
  • Participates in the country programming exercise and support preparation of programming documents such as indicative country pipeline and monitoring.
  • Contributes as mission member in processing of loans, grants, and TAs.
  • As project officer, implements assigned TAs by:
    • Organizing recruitment of consultants.
    • Preparing Aide Memoires, and conducting tripartite meetings; and
    • Preparing completion reports.
  • Performs other duties that may be assigned as reflected in the incumbent's workplan.

Qualifications

Relevant Experience & Requirements

  • Bachelor's degree in economics, or business and finance or public policy, preferably with advanced training.
  • At least 8 years of relevant professional experience.
  • Experience in a specific area of ADB’s operations (economic, sector or thematic), or across multiple areas with in-depth knowledge within one area, in particular macroeconomic modeling and/or financial sector.
  • Ability to undertake background research and analysis on difficult but well-defined tasks, collect, and organize required data and information, apply appropriate computer skills in analyzing and developing the data, and prepare notes, papers and sections of reports.
  • Good analytical thinking.
  • Ability to establish and maintain productive contacts with appropriate officials of host government, donor agencies and executing agencies.
  • Effective report-writing and communication skills in English.
  • Proficiency in using commonly used applications for word processing, spreadsheets, graphics, database applications and other required information technologies.
  • Ability to liaise and work effectively with government officials within own work location and with colleagues throughout ADB.
  • Ability to work collaboratively with teams as a constructive team member.
  • Ability to work with individuals from different cultural/national backgrounds.
  • Familiar with local language and institutions.
  • Please refer to the links for ADB Competency Framework for National Staff levels 2 - 3.

General Considerations

The selected candidate, if new to ADB, 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.