Private Sector Development Specialist at Asian Development Bank

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Full Time

Start Date

Immediate

Expiry Date

14 Apr, 26

Salary

0.0

Posted On

14 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Private Sector Development, Project Management, Financial Strategies, Climate Change, Public-Private Partnerships, Consulting, Lending Products, Innovative Financing, Stakeholder Engagement, Communication Skills, Team Leadership, Knowledge Dissemination, Performance Monitoring, Consultant Management, Market-Based Financing, Portfolio Management

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 is assigned to the Office of Director General (SEOD) within the Southeast Asia Department (SERD). SERD is responsible for maintaining client relations and delivering ADB assistance to countries in the Southeast Asian region. SEOD provides overall support to the SERD management in terms of programming, portfolio management, results monitoring, and implementation of ADB's long-term strategic framework to deliver projects that create economic and development impact in the region. You will report to Regional Head, Private Sector Development, SERD and will oversee junior team members. Your Role As Private Sector Development Specialist, you will support SERD front office units and resident missions, Sectors Group, Private Sector Operations Department (PSOD), and Office of Markets Development and Public-Private Partnership (OMDP) in (i) the development and implementation of short and long term private sector development (PSD) strategies in line with country partnership strategies, and (ii) the identification, design, processing, implementation and evaluation of projects, and other interventions to promote innovative financing solutions using new approaches and modalities in ADB's developing member countries in the SERD region. You will: Work closely with resident missions, Sectors Group, PSOD, and OMDP on private sector assessments / diagnostics leading to development of clear and actionable PSD strategies aligned with the country partnership strategy. Work closely with SERD's climate change team to ensure PSD activities are well aligned with ADB's approaches for climate change, and projects bring together PSD and climate change aspects. Support the identification, design, processing, implementation and evaluation of projects, and other interventions to promote innovative financing solutions using new approaches and modalities in ADB's developing member countries in the Southeast Asian region. Provide advice on the use of ADB's lending and credit enhancement products, technical assistance, grants, blended finance, etc. through local-currency and/or non- or sub-sovereign financing structures to stimulate market-based financing structures. This includes close collaboration with PSOD for all aspects involving sub- and non-sovereign interventions and the use of any credit enhancement product. Liaise and coordinate with relevant sectoral and cross-cutting departments/offices to foster the One-ADB approach. This will include but is not limited to close collaboration with PSOD for all aspects involving sub- and non-sovereign interventions and credit enhancements, the Treasury Department on local currency financing, the Climate Change and Sustainable Development Department (CCSD) on thematic approaches related to climate change, small- and medium-sized enterprises, agriculture, municipalities, state-owned enterprises, etc. and on co-financing; and with OMDP on Public-Private Partnership (PPPs) and transaction advisory work. Support special projects and initiatives as determined by SERD Management. Build and maintain strong relations with colleagues from relevant solution groups, resident missions, departments outside of SERD, private sector clients, government officials, consultants, etc. to help develop and execute new and ongoing projects. Support knowledge dissemination activities (workshops, seminars, conferences, social media, etc.) and in the preparation of knowledge products in collaboration with relevant ADB departments, especially CCSD. Provide support in the selection and management of individual consultants and consulting firms, including designing the terms of reference for specialized consulting services supporting innovative financing structures. Provide leadership and support to reporting staff – where applicable, oversee their performance, provide clear direction and regular monitoring and feedback on performance and ensure their ongoing learning and development. Perform other tasks as assigned and reflected in your workplan, or as requested by SERD management. You will need: University degree in business, public policy, or finance related field, preferably at post graduate level or its equivalent. At least 6 years of relevant experience; experience in management consulting with a top-tier consulting firm, or investment banking at a leading global investment bank is desirable. Practical knowledge with credit enhancement and commercial lending products – either in private sector companies or other bi- or multilateral finance institutions, and experience in formulation and processing of innovative and bankable projects and financial strategies, in consultation with relevant government agencies, the private sector, and other key stakeholders. Experience in developing innovative funding/debt structures, particularly transition economies. Familiarity with multilateral development banks' processes, financing products and modalities are desirable. Excellent English written and verbal communication skills, including ability to deliver presentations using visual aids. Availability to travel and work in security challenging countries. Please refer to the link for ADB Competency Framework for TI1. 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 is a fixed term appointment with option to renew, initially for a period of up to 3 years, or up to the Normal Retirement Date (NRD), whichever comes earlier, for the purpose(s) and conditions determined by ADB, 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 up to an additional 3 years or not renewed. This decision will be made in the overall interest of ADB, based on factors including but not limited to the requirement of Staff's particular blend of skills and experience for the medium-term work program of the organizational unit, sufficient funding to cover the renewed period, and Staff's performance and suitability for employment. There is no limit to the number of renewals up to NRD. However, this appointment is not convertible to a regular appointment. This position is crucial to the Workforce Rebalancing Framework (2022-2027), a strategic initiative aimed at enhancing ADB's in-house expertise previously sourced from the external workforce. The role seeks seasoned experts with substantial field experience capable of leading policy dialogue, and projects focused on delivering knowledge solutions. Successful applicants may occasionally undertake short-term assignments in other departments or offices, when required. 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 Private Sector Development Specialist will support the development and implementation of private sector development strategies and oversee project identification, design, and evaluation. The role involves collaboration with various departments to promote innovative financing solutions in the Southeast Asian region.