Reference Number: 230468

Position Level: IS 7

Department: Private Sector Operations Department

Division: Infrastructure Finance Division 1

Location: Asian Development Bank Headquarters

Date Posted: Monday, July 31, 2023

Closing Date: Monday, August 14, 2023 11:59 p.m. (2359 Manila Time, 0800 GMT)

IMPORTANT INFORMATION:

This is a senior staff fixed-term appointment for a period of 3 years. This vacancy is open to internal and external applicants.If the selected candidate is an external hire, 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, or be reassigned to any suitable position in ADB.The same terms and conditions also apply to a selected internal candidate. In addition, if the staff selected has a regular appointment, staff will retain the regular appointment and his/her selection will be considered an assignment for an initial fixed period of 3 years. If the staff selected has a fixed term appointment, his/her appointment will cease, and he/she will be given a new fixed term appointment for an initial term of 3 years.Fixed-term appointments or assignments are subject to Section 3 of Administrative Order (AO) 2.01 (Recruitment and Appointment) and Section 8 of AO 2.03 (Selection, Talent and Position Management) and its Appendices.Whether the selected candidate is internal or external, and regardless of the type of appointment, any extension of staff beyond age 60 shall be subject to such terms and conditions determined by ADB, including, where relevant, those provided in Section 10 of AO 2.05 (Termination Policy) and its Appendices.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 Infrastructure Finance Division 1 (PSIF1) within the Private Sector Operations Department (PSOD). PSOD provides investment capital to private sector entrepreneurs, corporates and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia.Job PurposeLead the planning, implementation, and supervision of the division’s vision, goals, strategies, and work plan supporting overall ADB goals. Oversee the quality of work and ensure the achievement of the objectives of the division, department and other OneADB initiatives. Lead and support the department’s external and internal relations, coordination, and consultation initiatives. Lead and guide on day-to-day operational issues and compliance with ADB policies. Work with problems and issues that may involve high risk. The incumbent will report to the Deputy Director General of PSOD.Responsibilitiesa. Leadership and Strategic Management

•  Lead, establish, and cascade the division’s vision, goals, development strategies, and key result areas (KRAs) in support of ADB’s goals, and departmental goals and in compliance with ADB policies.
•  Lead the planning, implementation, and supervision of work plans as well as monitor the quality of output and the achievement of the division’s long-term goals and annual objectives.
•  Lead and develop an annual strategic and business plan to benchmark the division’s targets and accomplishments and ensure delivery.
•  Provide leadership in professional and operational matters, taking the lead in contributing new or innovative approaches to policy and operational issues.
•  Lead in identifying and marketing for business opportunities and appraising investment proposals in infrastructure transactions, including project and corporate finance and covering equity, debt, guarantees, and cofinancing for power generation and transmission, oil and gas, transportation, telecommunications, water and waste, roads, and others.

b. External Relations and Coordination

•  Lead, develop, and foster synergistic relationships with public and private partners within and outside ADB’s DMCs, placing particular attention on establishing strategic relationships with private financial institutions to develop cofinancing investment opportunities.

c. Internal Relations

•  Promote constructive and open dialogue with regional and other departments in ADB.

d. Division Operations Management

•  Lead effective day-to-day operations and provide guidance on operational issues and ADB policies.
•  Inform and provide recommendations to the Director General (DG) and Deputy Director General (DDG), PSOD of significant developments, emerging opportunities, and challenges in the area of responsibility.
•  Lead and facilitate effective division coordination and cooperation with other ADB departments and internal stakeholders.
•  Undertake the division’s performance management, including the division staff’s motivation.
•  Manage budget and resource allocation for the division.

e. Staff Supervision

•  Create and lead multidisciplinary teams and ensure the overall quality of its work.
•  Manage the performance of teams and individuals providing clear direction and regular monitoring and feedback on performance.
•  Provide coaching and mentoring to teams and individuals and ensure their on-going learning and development.

Qualifications

Relevant Experience & Requirements

•  Master’s Degree, or equivalent, relevant to the assigned area; or University degree and at least 10 years of specialized experience relevant to the position can be considered.
•  At least 15 years of work experience in private sector infrastructure finance, Asian project finance and PPP markets, and renewable energy and energy efficiency transactions; knowledge of emerging best practices and recognition by the market as a leading professional in these fields.
•  Suitability to undertake the responsibilities mentioned above at the required level.
•  Substantial experience advising sponsors on project finance and PPP transactions and arranging loans, guarantees, and equity investments into such transactions with proven ability in marketing (to borrowers, investees, and financiers), structuring, internal processing and portfolio management of such transactions in Asia.
•  Experience in analyzing all aspects of investment proposals, including design and structure of financial packages across the entire spectrum, negotiation with sponsors, monitoring of investment disbursements, portfolio supervision, and advising on corporate restructuring and privatization.
•  A proven network of contacts within private and public sector banks, developers, investors, and other key participants in Asia’s infrastructure focused financings.
•  Excellent intellectual, team leadership, and problem-solving skills, including a strong ability to manage effective teamwork and communication.
•  Substantial experience structuring financing transactions with a public/private financial institution; successful track record in previous institutions.
•  Ability to handle managerial/senior level responsibilities with regional/global profit and product center responsibilities.
•  Enthusiasm for and a commitment to private infrastructure finance and renewable energy and energy efficiency initiatives in developing countries.
•  Proven ability to successfully devise and implement strategies and business plans.
•  Results driven and willing to be accountable for successes and failures, highly motivated self-starter.
•  Excellent verbal and written communication skills in English.
•  International experience working in development in several countries
•  Please refer to the link for ADB Competency Framework for International Staff Level 7.

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.