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.
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YOUR ROLE

As a Senior Treasury Assistant, you will be responsible for the confirmation and settlement of ADB’s foreign exchange (FX) and investment transactions, performs related cash control functions, and provides analytical support for the investment back-office functions.

Under the guidance of a senior staff, independently contribute to the work unit by completing assigned tasks, covering a combination of the following functions:

• Verify the correctness and completeness of the foreign exchange and investment trade details (money market, fixed income, swap, or repo) against the deal confirmation. Confirm the trade and settlement instructions with the counterparty. Ensure timely and accurate settlement of foreign exchange and investment transactions. Investigate pre-settlement discrepancies and coordinates with the trader or the counterparty for resolution.
• Analyze and consolidate foreign currency requirements of various ADB business units. Prepare and submit currency purchase order to FX traders for trade execution. As necessary, obtain exchanges rates from Reuters, central bank website, and directly from central banks. Prepare summary of currencies purchased to advise respective business units of the actual exchange rates and cost of purchase to facilitate timely and accurate transfer of cover payments.
• Ensure alignment with the division’s increased investment activities by ensuring timely and accurate execution, settlement, and reporting of short-term borrowings and investments transactions in compliance with internal and external policies and guidelines.
• Monitor coupon/redemption proceeds and executes fund transfers to ensure that entitlements are promptly credited to the correct depository bank accounts for onward investment. Monitor coupon proceeds due from securities lent out to repo counterparties and ensure that these are remitted to the correct nostro account on coupon payment date. Ensure timely payment of custody fees.
• Reconcile the expected cash and securities movements with the bank statements or confirmations received from the custodians and correspondent banks. Investigate and initiate immediate action to rectify discrepancies and notify concerned business units, internal and external counterparties.
• Assist in resolution of production system issues. Participate in system enhancement and upgrades by conducting user acceptance testing.
• Generate, disseminate, and file in SharePoint the expected cashflow report and blotters, trade confirmation matching, and reports on end-of-day checking.
• Perform other duties as required particularly in relation to ADB’s organizational resiliency activities and plans, audit compliance as well as other administrative requirements of the unit