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.
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 Operations Coordination and Regional Cooperation (CWRC) within the Central and West Asia Department (CWRD). CWRD is responsible for maintaining client relations and delivering ADB assistance to countries in the Central and West Asia region. CWRC serves as the secretariat for the Central Asia Economic Cooperation (CAREC) Program and drives regional cooperation programs in the region in various sectors and areas, including in economic and financial stability areas as part of the CAREC 2030 strategy. CWRC also works with sector divisions and resident missions in preparing country partnership strategies (CPS) and country operations business plans (COBP), monitoring economic developments and outlook in the region, and managing knowledge products and services.
To view ADB Organizational Chart, please click here.
The Regional Cooperation Specialist (Financial Integration) will contribute to and support the continuous improvement of practices of regional cooperation initiatives of the Central Asia Regional Economic Cooperation Program (CAREC) within its broad policies and objectives as outlined by the CAREC 2030. He/She will lead and support in identifying, developing, processing, implementing and administering CAREC initiatives for regional financial cooperation and integration in Central and West Asia, focusing on the first cluster of the CAREC 2030 strategy on economic and financial stability. He/She will prepare, obtain, and share knowledge and best practices and collaboration mechanisms in the areas of regional financial stability, fostering cooperation on financial inclusion, and promoting regional cooperation on economic development through mobilizing capital markets. He/She will also provide support to other selected sectors and areas of the CAREC 2030 strategy. The incumbent will report to the Director, CWRC and may supervise National and Administrative staff.
- Support regional cooperation initiatives in the area of economic and financial stability as a key member of the CAREC secretariat housed in CWRC which include organizing high-level strategic policy dialogues on economic and financial stability issues and lead necessary preparatory works for such dialogues;
- Organize a CAREC Capital Markets Regulators Forum as a mechanism to foster deeper cooperation among capital markets in the region;
- Undertake rigorous analytical work on capital market rules and regulations in CAREC member countries, and identify and implement activities in areas where harmonization will be needed to foster greater regional cooperation;
- Establish strong professional contacts in the capital market regulatory agencies of CAREC countries and convene periodic coordination meetings to share information and updates;
- Identify and implement areas for regional cooperation on financial inclusion, including sharing of knowledge and information, enhancing access of SMEs involved in regional value chains to financing sources across the region, and fostering greater cooperation among banks, SME-credit providing institutions and microfinance institutions;
- Identify, process and implement technical assistance projects on strengthening regional financial cooperation prospects amongst the member countries; also support regional cooperation and financial sector development projects led by other sector divisions of CWRD.
- Support the organization of high-level CAREC events, including the CAREC Ministerial Conference, the Senior Officials Meeting, and key cluster meetings;
- Support the CAREC Secretariat’s work in other CAREC 2030 operational areas such as trade, including regional trade finance arrangements; and tourism development;
- Assist with coordination with other development partners and with other ADB departments and sector divisions on CAREC operations and performance as part of overall reporting on the CAREC results framework; and
- Contribute in drafting briefing papers for senior ADB Management concerning their participation in CAREC and other regional cooperation related events and prepare speeches, talking points, background information and other materials to support high-level Management meetings.
Relevant Experience & Requirements
- A university degree in finance, economics, business administration or related fields
- At least 6 years relevant work experience at a financial institution, investment or commercial bank, finance ministry, asset management company, or related employer, including international work experience
- Proven application of expertise in at least one of the following areas as: regional cooperation, capital markets development, financial stability, financial inclusion, digital and innovative finance. Experience in more than one of these areas is an advantage.
- Proven stakeholder management skills.
- A proven track record of established financial industry contacts would be an advantage.
- Demonstrate cultural sensitivities and awareness.
- Able to utilize and share current and relevant financial knowledge to benefit the broader ADB community.
- Able to lead a team or have worked collaboratively with teams as a constructive team member.
- Excellent oral and written communication skills in English.
Please refer to the link for ADB Competency Framework for Level 3 to 4 .
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.