Principal Investment Specialist

IMPORTANT INFORMATION:

This is a fixed term appointment with option to renew for an initial period of 3 (three) 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 Guarantees and Syndications Unit (GSU) within the Private Sector Operations Department (PSOD). GSU is responsible for all third-party capital mobilization products to non sovereign projects including mobilization and deployment of concessional financing, as well as PSOD managed funds, that deploy financing on similar terms as ADB (‘parallel funds').

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, structures, and funds investments in privately held and state-sponsored companies across a wide range of industries. 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 learn more about PSOD, watch this video.

To view ADB Organizational Chart, please click here.

Job Purpose PSOD blends concessional finance with financing provided on its own account at market terms (together referred to as ‘blended finance’), to increase the development impact of its private sector operations and support progress towards the UN’s Sustainable Development Goals (SDGs). ADB's Private Sector Operations Department (PSOD) is seeking the services of a Principal Investment Specialist (Blended Finance) who will lead a growing team of blended finance specialists that support PSOD’s blended finance and parallel fund raising and deployment activities. The incumbent will report to Head, GSU and will supervise international, national and administrative staff.

Responsibilities

a. Fund administration

b. Blended Finance Project Development and Processing

c. Fund raising and Donor relationship management

d. Policy and Project Evaluation

e. Knowledge Sharing

f. Staff Supervision

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.