Senior Treasury Assistant at Asian Development Bank

, , -

Full Time

Start Date

Immediate

Expiry Date

05 Mar, 26

Salary

0.0

Posted On

05 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Finance, Business Administration, International Banking Practices, Banking Relationships, Negotiation, Treasury Operations, Payments Processing, Foreign Exchange, Reconciliation, Cash Management, Investment Operations, Funding Operations, Communication Skills, Analytical Skills, Technical Skills

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 Senior Treasury Assistant is assigned to the Treasury Services Division within the Treasury Department. You will be based at our Headquarters in Manila, Philippines. You will report to designated International Staff and senior National Staff. Your Role As a Senior Treasury Assistant, you will provide analytical, technical and administrative support in (i) managing ADB's global banking relationships; and (ii) managing bank accounts administration. You will report to designated International Staff and senior Officer. You will: Banking Relationships (Opening, Maintenance and Closing of Bank Accounts) Establish correspondent banking relationships for all ADB bank accounts: review and negotiate the terms and conditions and other documentations governing the bank accounts Periodically review overall relationships with depository banks and maintain records of such analysis. Prepare briefing notes for use by senior management in meetings and conferences. Monitor dormancy of bank accounts to ensure uninterrupted operations. Analyze charges and interest income reflected in the bank accounts to ensure they are following the agreed Terms and Conditions between ADB and the depository banks. Annually review local banking service providers; submit to Office of Risk Management for credit risk review. Manage updates of ADB's Authorized Signatures Book. Bank Account Data Maintenance Manage ADB bank account information in Treasury systems (Oracle, iFIRST, Partner Fund Management System, Loan IQ, Summit), Manage bank and branch setups for consultants and vendors in Oracle Maintain database of bank accounts, documents (digitized and physical) Prepare and transmit Standard Settlement Instructions to trading counterparty banks and perform callback verifications You will need: Bachelor's degree in accounting, finance, business administration or other related disciplines At least 5 years of relevant professional experience Solid knowledge of international banking practices and regulatory environment Solid experience in banking relationships, negotiation of terms and conditions to open bank accounts Working Knowledge of treasury operations (payments processing, foreign exchange, reconciliation, cash management, investment operations and funding operations) Proficient in specialized Treasury-related software Excellent oral and written communication skills in English Please refer to the link for ADB Competency Framework for TL2. 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. 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 is a fixed-term appointment for an initial fixed period of 3 years. At the end of the initial period, this appointment may, at the option of ADB, be extended once for up to 2 years, converted to a regular appointment, or ended on its expiration date. This decision will be made in the overall interest of ADB that: (a) it will require Staff’s particular blend of skills and experience in the foreseeable future; and (b) Staff’s performance is satisfactory and they are suitable for further employment. 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

As a Senior Treasury Assistant, you will provide analytical, technical, and administrative support in managing ADB's global banking relationships and bank accounts administration. You will establish correspondent banking relationships, review terms and conditions, and monitor bank account operations.