Advisor

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 Advisor is assigned to the Office of the Director General (SPOD) within the Strategy, Policy, and Partnerships Department (SPD). You will be based at our Headquarters in Manila, Philippines and relocation is required. All reasonable relocation expenses will be covered.

You will report to the Director General, SPD and will oversee assigned International and Local Staff.

Your Role

As Advisor, you will provide strategic leadership and ADB-wide coordination to advance ADB’s subnational finance agenda, with a focus on expanding market-based financing and mobilizing private capital for local governments and state-owned enterprises (SOEs). You will lead the transition from strategy to implementation, including the development of pilot and initial transactions and a sustainable pipeline, while driving enabling actions across risk management, business processes, policy advice, technical assistance, and local-currency financing. Based in SPD, you will work across departments to incubate and institutionalize ADB’s approach to subnational finance and translate the initiative into tangible development and financing outcomes.

You will:

• Lead the preparation and implementation of the Subnational Finance Operational Plan, and the associated technical assistance, translating the proposed approach into concrete actions and results.
• Provide strategic leadership and technical advice on subnational finance, fiscal and financial strengthening of local governments, and sustainable financing of local infrastructure and services.
• Lead the subnational finance team to expand market-based financing and mobilize private capital for local governments and SOEs.
• Develop innovative financing solutions to expand subnational entities’ access to long-term and commercial financing.
• Drive priority pilot and initial transactions to demonstrate viability of the subnational approach, and coordinate actions on risk management, business processes, policy advice, technical assistance, and local-currency financing.
• Build a strong pipeline of subnational finance opportunities across ADB developing member countries, with close attention to the integration of sovereign and nonsovereign operations for financing subnational entities.
• Lead ADB-wide coordination and stakeholder engagement, including consultations with Board Members, Management, relevant ADB departments and offices, governments, and external partners.
• Contribute to the review and enhancement of policies, strategies, and business processes to enable and scale subnational finance operations.
• Represent SPD in relevant committees, working groups, and task forces, as assigned.

You will need:

• Master's degree in economics, finance, public finance, public policy, public administration, Management, or relevant fields; or University degree and at least 10 years specialized experience relevant to the position can be considered
• At least 15 years of relevant professional with demonstrated senior-level expertise in subnational/municipal finance, strengthening of local governments, private sector financing, infrastructure finance, and public financial management in developing economies.
• Hands-on experience in processing and implementing commercial banking transactions, with a solid understanding of due diligence and legal documentation.
• Strong experience in developing and implementing innovative and sustainable financing solutions for SOEs or subnational governments, preferably involving collaboration between sovereign and nonsovereign operations.
• Deep knowledge of subnational fiscal and financial systems and financing, including intergovernmental fiscal relations, revenue mobilization, municipal borrowing and debt, creditworthiness, capital markets, PPPs, and private capital mobilization.
• International development experience working in several countries;
• Diverse skills and ability to partner with staff and Management;
• Broad-based exposure to operational policies and experience as project team leader;
• Written and verbal proficiency in English
• Please refer to the link for ADB Competency Framework for M1.

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.

• Housing and education allowance (if applicable)
• Expatriate benefits (if applicable)
• Relocation (if applicable)
• Retirement plan
• Medical and health benefits
• Paid leave (including parental)
• Life and other insurance plans
• Staff development

Additional Information

• This vacancy is part of the Special Procedures for the Enhanced Selection and Placement for Country Directors (CDs), Deputy Country Directors (DCDs), Regional Directors (RDs), Representatives of Representative Offices (RROs), and Other Selected Managerial Positions. Please refer to the Updated Special Procedures outlined in Attachment 1 to Appendix 1 of AO 2.03 for more details.
• Staff on probation are not eligible to apply. Applicants for promotion and for lateral transfer must have served at their position for at least one year immediately preceding the date of the vacancy closing date (A.O. 2.03).
• This is a fixed-term appointment for a managerial position, initially for a period of 3 years or up to Staff’s Normal Retirement Date (NRD) whichever comes earlier, in accordance with Administrative Order No. 2.01 (Recruitment and Appointment). After the initial fixed-term period, ADB may choose to renew the appointment for an additional fixed term period of up to 3 years, allow it to expire, or reengage staff to their most recent technical international grade to optimally utilize the Staff’s technical skills under either a Fixed-term Appointment with Option to Renew or a Fixed-term Appointment with Option to Regularize, with the salary range corresponding to that technical international grade. This decision will be made in the overall interest of ADB, based on factors including, but not limited to, ADB’s medium- to long-term plans for the organizational unit, the relevance of the staff’s skills to those plans, and the staff’s managerial and behavioral competencies. Notwithstanding the length of the initial or any subsequently renewed FT-M, the expiration date of any fixed-term appointment will not exceed the Staff’s NRD. There is no limit on the number of renewals up to Staff’s NRD. However, this appointment is not convertible to a regular appointment.

If the appointment to this position results in a promotion, Staff on regular appointment shall be required to relinquish their regular appointment by signing an Acknowledgment Form, as an attachment to this application. Staff’s appointment will be converted to a fixed-term appointment for Managerial Positions. Once made, this conversion is final and irrevocable. If ADB does not receive the signed Acknowledgment Form with the application, the application will be considered withdrawn.

If the appointment to this position does not result in a promotion, Staff retains their regular appointment and will be given a Fixed-term Assignment for Senior Staff, subject to Appendix 8 of AO 2.01.

All eligibility rules for housing loans and mortgage interest subsidy shall apply. Any approved housing loan or mortgage interest subsidy prior to the change to fixed-term appointment will continue during the staff’s new appointment under the same terms and conditions as applicable. The outstanding housing loan will be due and payable at the end of employment. All the other eligibility rules apply.