Senior Financial Sector Economist, Manila

Organization: Asian Development Bank (ADB)

Country: Philippines

City: Manila, Philippines

Office: ADB Manila

Closing date: Monday, 24 February 2020

Reference Number: 200082

Position Level: IS 5

Department: Central and West Asia Department

Division: Public Management, Financial Sector, & Trade Division, CWRD

Location: Asian Development Bank Headquarters

Date Posted: Monday, February 10, 2020

Closing Date: Monday, February 24, 2020 11:59 p.m. (2359 Manila Time, 0800 GMT)

IMPORTANT INFORMATION:

Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.

1Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle

Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O.

03, paragraphs

8 and

9).

In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category.

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 Public Management, Financial Sector, and Trade Division (CWPF) within the Central and West Asia Department (CWRD). CWRD is responsible for maintaining client relations and delivering ADB assistance to countries in the Central and West Asia region. CWPF is responsible for policy development and dialogue, knowledge management, project quality assurance, sector analytic work, and loan and technical assistance processing and administration in the public management, financial markets, and trade sectors.

To view ADB Organizational Chart, please click here.

Job Purpose

The Senior Financial Sector Economist will lead/participate in the formulation and articulation of financial sector policy and strategies, engaging Developing Member Country (DMC) governments and other stakeholders on financial sector, financial markets, macroeconomic and fiscal policy issues, reforms and initiatives, with the objective of ensuring economic soundness and consistency with sector policies and strategies, and identify, process for approval, and administer sector assistance projects, technical assistance (TA), and non-lending products and services (NLPS). The incumbent will report to the Director, CWPF and may supervise National and Administrative staff.

Responsibilities

Lead and/or contribute in the development of strategies for the financial sector in Central West Asia, covering major related aspects such as banking, non-bank financial intermediation, Islamic finance, microfinance, infrastructure finance, equity and bond markets, contractual savings, and market infrastructure (including legal and regulatory environment, clearing and payments systems, governance, etc.), among others, in consultation with relevant government entities and Resident Missions (RMs).

Lead and/or contribute extensively to policy dialogue to assist governments in undertaking financial and capital markets development and reforms, ensure efficient use of resources, and encourage participation of the private sector.