Senior Financial Sector Specialist (Climate Financing)

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

While the position of Senior Financial Sector Specialist (Climate Change) resides with the Climate Change Team in the Climate Change, Resilience and Environment Cluster (CCRE) of the Climate Change and Sustainable Development Department CCSD), you will be strategically assigned to the Sectors Group Finance Sector Office (SG-FIN) based at our Headquarters in Manila, Philippines.

You will report to the Director, Climate Change and have matrix reporting to the Senior Director, SG-FIN and will oversee national and administrative staff.

Your Role

As a Senior Financial Sector Specialist (Climate Change), you will support the SG-FIN in contributing to ADB’s climate change goals in line with the Paris Agreement following the 6 building blocks: (i) alignment with mitigation goals; (ii) adaptation and climate-resilient operations; (iii) accelerated contribution to the transition through climate finance; (iv) strategy, engagement and policy development; (v) reporting; and (vi) aligning of internal activities, including facilities and other internal policies. He/she will provide strategic advice to regional teams in FSO and process programs/projects with regional teams supporting the climate change agenda through ADB’s developing member countries’ financial sectors. These programs and projects include financial intermediary lending backed by sovereign support for targeted usage (e.g. green mortgages, electric vehicles, energy efficiency products for micro, small and medium- sized enterprises and rural borrowers), regulatory work with central banks, taxonomy development for banks and regulators, including work with the SG-FIN’s capital markets team to develop capital markets. The incumbent will also collaborate with ADB’s nonsovereign operations financial sector team to provide targeted technical assistance for capacity building for financial institutions and upstream work. He/she will have a solid background of addressing the climate agenda through the financial sector enabling him/her to use innovative financing approaches to help catalyze the investments required for supporting ADB operations in climate mitigation and adaptation in the region.

You will:

a. Operational Advice and Support

b. Knowledge Management and Collaboration with External Partners

c. Supervising staff

Qualifications

You will need:

Benefits

ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.

Additional Information

This position has been created as part of the Workforce Rebalancing Framework, which is a multiyear initiative (2022-2027) aimed at increasing in-house expertise in key operational areas that was previously sourced from consultants through ADB’s technical assistance. The goal is to strengthen in-house expertise to enhance the quality of ADB’s policy dialogue, operations, and knowledge solutions delivery by collaborating closely with developing member country clients. Expected candidates are seasoned experts in the advertised area(s) with strong field experience who can lead policy dialogue and project work with emphasis on providing knowledge solutions. Staff may undertake short-term assignments in other groups, departments or offices only when the expertise in the advertised area(s) is needed by those groups, departments or offices.

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. It may be extended on an exceptional basis for a further fixed period at the option of ADB. This appointment is open to internal and external applicants.

If you are selected as an external candidate, the appointment may be extended for a period of up to 3 years per extension, or not renewed. In case of extension, staff may continue in the position for another term of up to 3 years.

At the end of the initial period, ADB, as its discretion may: (a) renew a fixed term appointment or assignment, (b) not renew a fixed term appointment.

About Us

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.

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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.

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