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.
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.
This position is assigned to the Pacific Liaison and Coordination Office (PLCO). PLCO is ADB’s representative office in Sydney, Australia. It serves as the country office for Nauru, Solomon Islands, and Vanuatu; the division for the Pacific Department’s financial sector and private sector operations across all 14 of ADB’s Pacific developing member countries, and the focal point for liaison with the Governments of Australia and New Zealand.
To view ADB Organizational Chart, please click here.
The Financial Sector Specialist/Senior Financial Sector Specialist will independently undertake policy and strategic review of financial sector developments in Pacific developing member countries (DMCs). Lead in the development, processing and administration of finance sector-related financing and technical assistance operations with a focus on financial inclusion; microfinance; remittances; micro, small and medium-sized enterprise development; banking services and instruments; and innovative solutions integrating digital financial services and technologies. The specialist will contribute to country- and region-wide policy dialogue on sustained development of finance sectors in the region. The incumbent will report to Regional Director, PLCO and will supervise national staff and administrative staff.
- Provide information and analyses of policies, strategies and institutional approaches for the sound development of finance sectors in Pacific DMCs covering areas such as financial inclusion; microfinance; remittances; micro, small and medium-sized enterprise development; banking services and instruments; and innovative solutions integrating digital financial services and technologies.
- Lead and contribute to policy dialogue with relevant government authorities and development partners on priorities and options for finance sector development in Pacific DMCs.
- Participate in country teams and provide sector inputs for the formulation of Country Partnership Strategies (CPSs) and implementation monitoring.
- Coordinate with Resident Missions and Headquarters for exchange of experiences, consistency of approach and continuous improvement of practices and integration of finance sector-related policy commitments to the development and management of country operations.
- Lead the development, processing and administration of financing and Technical Assistance projects in the finance sector, specifically financial inclusion; microfinance; remittances; micro, small and medium-sized enterprise development; banking services and instruments; and innovative solutions integrating digital financial services and technologies.
- Liaise with and coordinate with development agencies on program loans and investment projects.
- Integrate ADB’s policies and guidelines in the design and implementation of finance sector projects.
- Participate in the ADB’s Finance Sector Group and serve as Pacific focal point to support the review and development of ADB’s finance sector projects, policies and practices.
- Coordinate activities with the Private Sector Development Initiative (PSDI) and the Pacific Regional Infrastructure Facility (PRIF).
- Substantially contribute to knowledge development and dissemination of cross country experiences in the development of financial sector systems and instruments.
Relevant Experience & Requirements
- Master’s degree in Economics (preferably with specialization in the financial sector) or other related specialized fields.
- At least 10 years of relevant experience within the financial and private sector development in a professional capacity.
- International experience working in development in or involving several countries or in international development institutions.
- Excellent written and verbal communication skills in English is required.
- Able to act as a team lead, exercising supervision coordination, and planning responsibilities over the assigned team.
- Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
- Act as a coach to develop the capabilities/potential of more junior colleagues.
- Ensure ongoing learning and development of reporting staff.
- Please refer to the link for ADB Competency Framework for IS5.
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.