Associate Investment Officer

IMPORTANT INFORMATION:

This position is for outposting to India Resident Mission (INRM) and is open to internal and external applicants.

This vacancy is a local staff position. It is open only to nationals and residents of India.

This is a fixed term appointment with option to renew for an initial period of 3 years following Section 3.1 (b) of Administrative Order No. 2.01 (“Recruitment and Appointment’). This appointment is not convertible to a regular appointment. After the initial fixed period, ADB has the option to renew the appointment for up to three years or allow it to expire. This decision is based on ADB’s overall interest in retaining the skills and experience of the staff for medium-term work program within the respective group, department, or office, while considering the availability of funding sources.

Overview

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 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 68 members.

The position is assigned in the Portfolio Management Division (PSPM) within the Private Sector Operations Department (PSOD). PSPM is accountable for the pro-active management, reporting and review of ADB’s growing portfolio of private sector loan, guarantee, equity, and private equity fund investment assets, including overseeing project implementation and administration and managing client relationships over a diverse range of sectors and geographies. PSPM is responsible for managing all risk aspects of the portfolio including credit risk, safeguards risk, integrity risk, as well as the delivery of the development effectiveness goals of projects. PSPM is currently composed of Infrastructure, Financial Institutions (FI) and Middle Office teams.

PSOD provides investment capital to private sector entrepreneurs, corporates and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia. It catalyzes, structure, and fund investments in privately held and state-sponsored companies across a wide range of industry sectors. Its emphasis is on commercially viable transactions that generate financial returns while also delivering on ADB’s organization-wide mission to promote environmentally sustainable and inclusive economic growth.

To view ADB Organizational Chart, please click here.

Job Purpose

This position will be in the Infrastructure team. The Associate Investment Officer works alongside dealing officers in managing a private sector portfolio. The position is responsible for all risk and client relationship aspects of assigned transactions, from first disbursement to final repayment, and works with borrowers, PSOD and INRM colleagues, and a wide range of other internal and external stakeholders. Assigned portfolio is expected to primarily comprise of loans/bonds to energy, infrastructure, agriculture, healthcare projects in South Asia. Some exposure to any new sectors and/or other countries/ or funding modalities can also be expected. The role shall involve travel within and to ADB’s developing member countries. Engagement with INRM colleagues, across functions, is a requisite of the position, with strong knowledge sharing, and involvement in a wide variety of India focused ADB initiatives.

The staff will report to the designated PSPM International Staff (IS) on substantive technical, policy-related and operational aspects. For administrative matters, both designated PSPM IS and Country Director, INRM are to be consulted.

**Responsibilities

Credit monitoring**

Project monitoring

Disbursements

Database maintenance

Project Annual Reviews and Project Completion Reports

Administrative, Special Projects and Planning Support

Qualifications

Relevant Experience & Requirements

General Considerations The selected candidate, if new to ADB, is appointed for an initial term of 3 years.

ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB’s standards and computation, taking into account the selected individual’s qualifications and experience.

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.

Please note that the actual level and salary will be based on qualifications of the selected candidate.