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).
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 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 always met.
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.
The Associate Treasury Administrator provides administrative and analytical support for the various Treasury functions of ADB.
The incumbent will report to designated international staff and senior national staff.
- Independently reviews the proper format of payments and disbursements by SWIFT and other payment methods such as Cheque, Letter of Instruction (LOI) and Cash relating to loans, grants, technical assistance, trust funds, equity investments, co-financing, guarantees and administrative expenses including business travel, payroll and pension payments.
- Checks that all payments vouchers are processed without delay, processes confirmation of vouchers with currency purchase and ensures that all disbursements vouchers are dispatched to concerned business units for subsequent postings.
Daily Fund Requirements
- Reviews and examines the daily cash positions to determine the availability of funds for payments. Requests funds needed for operations and recommends surplus funds for investments.
- Determines and arranges purchase of required currencies for disbursements to ensure that funds are promptly delivered to related beneficiaries.
Fund Transfers and Cover Payments
- Initiates timely funding of cash accounts to meet disbursement requirements by preparing instructions to depository banks regarding the transfer of funds.
- Processes the daily execution of cover payments for the timely settlement of currency purchase transactions.
- Reviews and verifies the execution of FX cover payments and interfund transactions to ensure timely settlement and recording of these transactions.
Unapplied and Returned Payments
- Coordinates with business units and other departments to ensure that appropriate action is taken to rectify discrepancies on unapplied and returned payments. Prepares summary reports of unapplied and returned payments to assist business units in providing correct and complete payment information of future disbursements.
- Records receipts relating to administrative expense, technical assistance, grants, loan refund, guarantees, participation fee, capital contributions relating to equity investments, dividends and divestments.
- Records movement of securities relating to equity investments.
- Participates actively in testing new programs and revisions to existing systems.
- Assists in identifying required system modifications and enhancements.
- Reports and coordinates system/program errors to Information Technology Department.
- Investigates and coordinates with concerned parties to resolve discrepancies, errors and omissions related to payment instructions and ensures necessary adjustments are made; certain complex and technical issues are referred to the supervisor.
Business Process Improvement
- Participates in developing and testing enhancements to existing business processes. Assists in identifying required system modifications and enhancements.
- Contributes actively to user acceptance test (UAT’s) of new systems.
- Adapts and contributes to the successful preparations and response to incremental change and sudden disruptions to normal business.
- Performs other tasks as assigned, such as performing duties of higher level in the absence of senior staff.
Relevant Experience & Requirements
- Bachelor’s degree in banking, finance, business administration, or other related disciplines
- Minimum of 5 years of relevant professional experience, preferably in treasury or financial institutions
- Proven ability to work independently on assigned transactions, areas of analysis and research, which have well-defined scope and steps
- Ability to conduct cost-benefit analysis to support decision-making
- Ability to set priorities for self and junior team members
- Effective report-writing and communication skills in English and the national language (as required)
- Proficient in spreadsheets and required information technologies
- Ability to provide guidance to other AS staff on assigned area of work
- Ability to liaise and work effectively with internal/external counterparties.
- Ability to work collaboratively with teams as a constructive team member.
- Excellent written and verbal communication skills in English
- Please refer to the link for ADB Competency Framework for Administrative Staff level 6
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.
This vacancy is a local staff position. It is open only to nationals and residents of the Philippines.
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.