Join Our Mission to Foster Prosperity in Asia
Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.
Organizational Setting and Reporting Relationship
The position of Assistant Treasurer is assigned to the Client Solutions Division (TDCS) within Treasury Department. You will be based at our Headquarters in Manila, Philippines.
You will report to the Treasurer and will oversee International, National, and Administrative Staff.
Your Role
As Assistant Treasurer, you will: (i) execute local currency funding operations with market counterparties; (iii) contribute to the growth and development of capital markets in ADB's developing member countries; and (iii) advise on the use of ADB's financial products.
You will:
a. Client and advisory services and solutions

• Act as the key focal point in responding to internal and external client inquiries regarding Ordinary Capital Resources (OCR) financial products. Provide sound financial management analysis, research, and advice to ADB internal and external clients.
• Execute local currency funding solutions through onshore and offshore bond issues, deliverable and non-deliverable derivative hedging and other products as available.
• Oversee TD's client outreach program in dissemination of information on ADB's OCR financial products, best practices in financial management and in knowledge exchanges.
• Manage and offer a diverse set of innovative inputs on the development of financial products and services for ADB clients. Gather feedback from borrowers as inputs for the refinement of ADB's existing loan products and facilitate a culture of innovation and responsiveness to changing client needs.
• Work with relevant teams in the Private Sector Operations Department (PSOD), Regional Departments (RDs), Sectors Group (SG) and Climate Change and Sustainable Development Department (CCSD), etc. to support client needs.
• Champion thought-leadership on debt management and maintain current knowledge of market trends, financial technology and the regulatory environment. Supervise TDCS activities for compliance with ADB policies, regulatory guidelines, and department practices and procedures.
• Coordinate with relevant TD divisions for the management of Flexible Loan Product and Local Currency Loan structuring, documentation, funding and settlement arrangements, in response to borrower needs.
• Represent TDCS in internal and external forums including international conferences, seminars and workshops and high-level meetings with external clients.

b. Local Currency Regulation and Solutions

• Oversee, cultivate, and maintain relationships with regulators, central banks, commercial banks, institutional investors, central securities depositaries and exchanges to ensure proactive and comprehensive activity across currencies, markets, and products. Open new markets and promote region-wide initiatives by exploring new funding solutions and instruments.
• Constantly innovate and explore potential improvements in local currency funding operations including flexible use of funding resources such as pool funding, back-to-back funding and blended funding.
• Work closely with operations departments and other relevant departments regarding advisory and structuring of local currency funding. Reach out to media and network forums related to debt management and local currency hedging.
• Oversee, initiate, and process documentation related to government approvals, external parties like underwriters, regulatory authorities, rating agencies, stock exchanges, fiscal agents, and investors for ADB to improving and expanding local currency funding and conversion transactions.
• Oversee the preparation of various new local currency products and new local currencies documents requiring Management approval and intended for Board information.
• Oversee, coordinate, and facilitate the documentation of local currency products and new local currencies with internal (e.g. Controller's Department, Office of the Auditor General, Office of the General Counsel, Office of Risk Management) and external parties, such as external auditors, rating agencies, underwriters, and swap counterparties, ensuring timely and accurate completion of such documents.
• Oversee and monitor the execution and finalization of local currency funding and conversion transactions and closely coordinate with other departments and TD divisions. This collaboration is particularly relevant in case of new structures (new product categorization), new currencies, and major change in existing currency market regulations.

c. Staff Supervision

• Lead multi-disciplinary teams and ensure the overall quality of its work.
• Supervise the performance of teams and individuals, providing clear direction and regular monitoring and feedback on performance.
• Provide coaching and mentoring to team and individuals and ensure their ongoing learning and development.

Qualifications

You will need:

• Master's Degree or equivalent, in Accounting, Finance, Business or Engineering. University degree and at least 10 years specialized experience relevant to the position in similar organization/s may be considered in lieu of a Master's degree.
• At least 15 years of broad-based professional experience in accounting, finance, operations, and internal control.
• Excellent written and verbal communication skills in English.
• Proven management and leadership qualities.
• International experience working in several countries.
• Please refer to the link for ADB Competency Framework for International Staff Level 7.

Benefits
ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB's standards and comparator markets, taking into account your qualifications and experience.

• Paid leave (including parental)
• Medical and health benefits
• Life and other insurance plans
• Staff development
• Retirement plan
• Housing and education allowance (if applicable)
• Expatriate benefits (for international staff)

Additional Information
This is a fixed term appointment or assignment for senior staff, for a period of three (3) years. This opening is open to internal and external applicants.
If you are selected as an external candidate, the appointment may be extended for a period of up to 3 years per extension, or not renewed. In case of extension, staff may continue in the position for another term of up to 3 years.
At the end of the initial period, ADB, as its discretion may: (a) renew a fixed term appointment or assignment, or (b) not renew a fixed term appointment.
Fixed-term appointments or assignments for senior staff are subject to terms and conditions determined by ADB as indicated in all relevant policies.
ADB will be rolling-out a new job grading structure on 1 January 2025, which may result in a change of the position grade and title with no change in the terms of reference. By accepting this offer, you acknowledge and accept the possibility of such changes resulting from the new job grading structure.
About Us
Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 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 69 members.
To view ADB Organizational Chart, please click here.
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.
Visit ADB Careers FAQ for more information.
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