Principal Sustainable Finance Specialist

IMPORTANT INFORMATION:

This is a re-advertisement. Previous applicants need not apply. Applications received in response to previous posting will be considered together with applications received in response to this advertisement.

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 to the Finance Sector under the ADB’s new Sectors Group (SG-FIN). SG-FIN supports financial sector development through sovereign initiatives to develop financial markets and enhance financial stability. Key areas of focus are financial inclusion, capital markets and contractual savings, digital finance and innovation, and sustainable finance. Sustainable finance is a primary focus of ADB and will need to be strengthened going forward to specifically incorporate initiatives through the financial sector focusing on disaster risk management and climate change adaptation and mitigation, as well as gender initiatives.

To view ADB Organizational Chart, please click here.

Job Purpose

The new sustainable finance team will contribute to the development of sustainable finance in the financial sector. It will directly support the regional teams in SG-FIN as well as other specialist teams by contributing to the formulation and articulation of finance sector strategies and policies supporting sustainable finance projects in developing member countries. The sustainable finance team will also process and implement projects with the regional teams.

The Principal Sustainable Finance Specialist will lead and develop the new sustainable finance team. The incumbent will provide strategic advice on sustainable finance issues including climate finance policy framework and capital market instruments for operations, innovative financing models, regulatory capital, and the development of resilient and inclusive financial markets. He/She will have a financial sector and sustainable finance experience and will lead in developing, implementing, and advising transactions using financing approaches to help catalyze the investments required for supporting ADB operations in gender inclusion, climate mitigation and adaptation, transition finance, and other related fields in the regions. He/She will also liaise with other parts of ADB, including private sector operations, to develop projects, products, and participate in broader policy dialogue and sustainable finance issues, including Paris Alignment. In addition, he/she will lead ADB’s engagement with international agencies in the sustainable finance space such as ICMA and GFANZ and explore how the relationship can be leveraged for operational purposes.

The incumbent will report to the Senior Sector Director of SG-FIN and have matrix reporting lines to the Regional Directors in SG-FIN. The incumbent may also supervise National Staff and Administrative Staff.

Responsibilities

a. Operational Work

b. Knowledge Management and Collaboration with External Partners

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.