Senior Project Officer (Financial Sector) at Asian Development Bank

Islamabad, Islamabad Capital Territory, Pakistan -

Full Time

Start Date

Immediate

Expiry Date

20 Sep, 26

Salary

0.0

Posted On

22 Jun, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Project Management, Financial Sector Development, Capital Markets, Microfinance, Financial Inclusion, Islamic Finance, Portfolio Management, Infrastructure Finance, Supervisory Experience, Policy Dialogue, Economic Assessment, Risk Assessment, Stakeholder Management, Research, Technical Assistance Administration, English Communication

Industry

International Trade and Development

Description

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 Senior Project Officer (Financial Sector) is assigned to the Finance Sector Office (SD3-FIN) within the Sectors Department 3 (SD3). You will be based at our Resident Mission Office in Pakistan. You will report to the Country Director and Director, SD3-FIN and/or designated Technical International Staff, SD3-FIN and will oversee junior team members. Your Role: As a Senior Project Officer (Financial Sector), you will contribute to SD3-FIN’s financial sector development work in Pakistan. This will include handling loan/Technical Assistance (TA) processing and administration, portfolio management, sector work, and other general sector activities in close coordination with SD3-FIN colleagues, with focus on financial sector development (including capital markets, microfinance, financial inclusion, and Islamic finance) in support of ADB’s operational activities in Pakistan. You will: Lead and contribute to the Pakistan Resident Mission (PRM) and SD3-FIN’s financial sector pipeline development work in Pakistan. Lead and provide technical support in the preparation, approval and administration of loan and technical assistance projects, and other activities related to Finance sector specifically on the areas of financial sector development including capital market development, insurance sector, and financial inclusion including those developed by other sector offices and co-led by the Finance Sector. Maintain close coordination with development partners active in the assigned sectors to ensure complementarity of initiatives and pursue opportunities for collaboration. Lead and contribute to ADB’s financial sector activities by covering all or a combination of the following functions: o Co-lead and participate actively in the processing and administration of assigned lending operations & TAs, depending on the requirements of SD3-FIN and PRM. o Draft relevant project/program documents (sector assessment, economic assessment, risk assessments etc.) including selected sections of the main program document; o Help in designing all SD3-FIN missions and participate actively including to coordinate with government and the private sector to maximize impact of missions; o Maintain close liaison with important government officials, financial sector players and leading private sector stakeholders, and provide inputs to SD3-FIN staff on specific issues; o Assist in conducting research, updating information on the assigned sector, analyzing financial, institutional or economics uses, and preparing reports on the subjects; o Monitor and analyze national, sub-regional and global developments and trends in the assigned sectors and prepare periodic reports or briefs for country management team/ SD3-FIN and government (on demand); o In consultation with SD3-FIN’s CMT focal for Pakistan, prepare information and briefing notes on topics as requested by the government; o Lead/support the relevant sector and project missions, getting internal approvals and clearances and managing the team for efficient processing; o Monitor the progress of assigned projects/programs and prepare project performance reports and TA completion reports; o Prepare updates and forecasts of contract awards & disbursements, identifying factors responsible for shortfalls, and addressing the issues to expedite achievement of target levels where possible; and o Maintain up-to-date knowledge base of future Government plans and approval processes, organizational structure, and policies relevant to the assigned sectors. Lead and participate in Project/Program Reviews or Country Portfolio Review missions as a mission member. This includes domestic travel to respond promptly government’s request for in person meetings subject to approval of Sector Director. Raise awareness and recognition about ADB’s activities in the financial sector through active dialogues with key officials and market players. Lead and contribute to meetings, conferences, seminars, and workshops, produce reports, as required, on the tasks undertaken in relation to the above. Mentor and oversee administrative staff. Perform any other duties needed and/or reflected in the incumbent’s work plan. You will need: Bachelor’s degree in economics or finance, or related fields; preferably with Master's degree or equivalent in economics, finance, management or related fields. At least 8 years of experience in project management, and implementation; and at least 4 years of supervisory experience. Diversified experience in (i) financial sector development with sound understanding of infrastructure finance, and capital markets; and (ii) government’s finances, including state-owned enterprises, at the federal and state-level in Pakistan. Sound knowledge of government administrative systems and procedures Able to mentor junior staff to facilitate work planning, delivery and quality review Able to liaise and work effectively with government officials within own work location Able to work collaboratively with teams as a constructive team member, strong problem solving skills, great responsiveness, and strong client orientation (both for internal and external clients). Excellent oral and written communications skills in English. Please refer to the link for ADB Competency Framework for Technical Local Staff Grade 6. Benefit 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 Retirement plan 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 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. 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. About Us ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is headquartered in Manila and owned by 69 members—50 from the region. 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.

Responsibilities

Lead the development, processing, and administration of financial sector loans and technical assistance projects in Pakistan. Coordinate with government officials and private sector stakeholders to foster financial inclusion and capital market development.