Director at Asian Development Bank

, , -

Full Time

Start Date

Immediate

Expiry Date

09 Feb, 26

Salary

0.0

Posted On

11 Nov, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Leadership, Financial Management, Project Management, Financial Analysis, Compliance, Stakeholder Engagement, Team Management, Capacity Development, Training, Policy Development, Communication, Collaboration, Strategic Planning, Operational Support, Risk Assessment, Knowledge Sharing

Industry

International Trade and Development

Description

Join Our Mission to Foster Prosperity in Asia Are you ready to make a difference in 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 Director, PFFM is assigned to the Financial Management Division (PFFM) within the Procurement, Portfolio, and Financial Management Department (PPFD). You will be based at our Headquarters in Manila, Philippines and relocation is required. All reasonable relocation expenses will be covered. You will report to Director General, PPFD and will oversee technical international and technical local staff. Your Role As Director, PFFM, you are expected to complete a variety of tasks, covering all or a combination of the following responsibilities: (i) lead the planning, implementation and management of the division's vision, goals, strategies and annual results-based work program to support PPFD and ADB goals; (ii) support the delivery of the annual results-based work plan of PPFD; (iii) oversee divisional staff management, quality of work, and ensure the achievement of goals of the division; (iv) support external and internal relations, coordination and consultation plans for the division, including operational support to sectors group, regional departments, resident missions, and other departments; and (v) provide guidance on daily operational issues and compliance with ADB policies. You will: a. Leadership and Strategic Management With Director General, PPFD, develop and agree on work plans, providing leadership in planning, implementing, and supervising and monitoring the quality of outputs and the achievement of medium- and long-term goals of PFFM. Provide vision and leadership in team and operational matters and contribute new approaches to policy and operational issues. Participate as an important member of the PPFD management team in providing advice and suggestions to Management, Director General, PPFD and other senior staff on the full range of PPFD products and issues. Participate as an important member of PPFD management team in shaping and implementing continuous improvement in the implementation of financial management policies to support ADB's overall goals. Provide inputs to and quality control of mainstreaming of financial management in operations. Develop and maintain recruitment and staffing plans. Ensure that the knowledge framework and documents supporting the financial management function remain current and reflect latest needs and best practices. b. Operations Support and Management Lead PFFM's support of project processing and implementation/management activities, including loan processing, administration, and reporting to resolve routine and advance challenges. Lead the review of ADB project documents ensuring compliance with ADB policies and guidelines. Engage with sectors group, regional and other departments to resolve financial management issues following ADB's financial management guidelines and maintain the quality of ADB's fiduciary oversight. Provide advice in interpreting and clarifying ADB's guidance materials on Financial Management and Financial Analysis, and other relevant policies and guidelines that detail ADB's financial reporting and auditing requirements. Lead on PPFD's response on specific financial management issues as assigned by Director General, PPFD. Lead on country/sector financial management system assessments and on strengthening internal and external (DMC) capacity to meet ADB's financial reporting requirements. Provide guidance on improving financial management aspects of ADB's lending program, on country/sector financial management system assessments, including identification of areas for capacity development and appropriate risk mitigation of issues. Oversee processing and implementation of TA for strengthening DMC institutional financial management capacity. Participate in outreach activities, including organizing knowledge-sharing events to enhance understanding of financial management value-addition. Develop knowledge products and tools to strengthen ADB and DMC financial management capacity. Provide advice on the design and delivery of financial management training programs in areas of financial risk assessment, financial analysis, financial management assessment, use of country financial management systems, and project management and administration. Increase relevance, effectiveness, efficiency and sustainability of financial management activities and best practices; lead in the development of financial management knowledge products, including sector/thematic studies and assessments, guidelines, and checklists. c. Internal and External Relations and Coordination Ensure full PPFD coordination and cooperation with other ADB departments, both operational and non-operational, and resident missions. Build relationships with the full range of PPFD development partners, including other development institutions, and the private sector. Coordinate with the World Bank, other international financial institutions, and industry on the harmonization of financial management policies, practices, and procedures, including amending existing practices and procedures and developing new practices and procedures. Conduct internal and external outreach activities to promote and share information on ADB's project financial management and financial analysis guidelines and requirements. d. Divisional Governance and Staff Management Update ADB's financial management guidance materials (operations manual, staff instructions, project administration instructions, technical guidance notes). Refine business processes that contribute to efficient and effective divisional operations. Create and lead a diverse team and ensure the quality of 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 ongoing learning and development. Provide and accessible leadership to the Division's staff, identifying, developing, and encouraging excellence in all strategic, operational, work aspects. Provide guidance and counsel to the Division's staff in resolving complex operational issues. Ensure a working environment that encourages coordination and cohesion among financial management staff and staff in other departments that implement and/or support financial management activities. You will need: Master's Degree, or equivalent, in Business, Finance, Commerce, or related fields; or a University degree in Business, Finance, Commerce or related fields, and at least 10 years specialized experience. Professional qualification in accounting (e.g., CPA, CA) and in good standing from an internationally recognized institution (e.g., IFAC) is mandatory. An additional CFA qualification is a preference. At least 15 years of relevant professional experience in international development and public financial management, including financial analysis/management. Understanding of ADB or similar multilateral development bank's policies and procedures, and lending and non-lending instruments and products. Demonstrated financial analytical skills with operational focus; understanding of financial sustainability and governance issues. Working knowledge of multilateral development bank operational policies and procedures; international experience working in development in several countries. Demonstrated strength in building and maintaining collaborative relationships across organizational boundaries. Experience sharing knowledge to benefit DMCs, ADB, and the wider international community. Demonstrated managerial capability, including managing and motivating staff, and establishing a constructive work environment to foster staff engagement. Excellent English oral and written communication skills to present ideas clearly, concisely, and persuasively, and communicate issues and positions to Bank and other important partners. Please refer to the link for ADB Competency Framework for Management Level 1 (M1). Benefits ADB offers a rewarding salary and a comprehensive benefits package. The salary will be based on ADB's standards and comparator markets, taking into account your qualifications and experience. Housing and education allowance (if applicable) Expatriate benefits (if applicable) Retirement plan (if applicable) Medical and health benefits Paid leave (including parental) Life and other insurance plans Staff development Additional Information This appointment is open to internal and external applicants. This is a fixed-term appointment for a managerial position, initially for a period of 3 years or up to Staff's Normal Retirement Date (NRD) whichever comes earlier, in accordance with Administrative Order No. 2.01 (Recruitment and Appointment). After the initial fixed-term period, ADB may choose to renew the appointment for an additional fixed term period of up to 3 years or allow it to expire. This decision will be made in the overall interest of ADB, based on factors including, but not limited to, ADB's medium- to long-term plans for the organizational unit, the relevance of the staff's skills to those plans, and the staff's managerial and behavioral competencies. Notwithstanding the length of the initial or any subsequently renewed FT-M, the expiration date of any fixed-term appointment will not exceed the Staff's NRD. There is no limit on the number of renewals up to Staff's NRD. However, this appointment is not convertible to a regular appointment. About Us Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 members, 50 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 our Strategy 2030. ADB only hires nationals of its 69 members. To view ADB Organizational Chart, please click here. ADB wants 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. #LI-Onsite

Responsibilities

The Director will lead the planning, implementation, and management of the division's vision and goals to support the Asian Development Bank's objectives. This role includes overseeing staff management, ensuring compliance with policies, and providing operational support to various departments.