Public Management, Financial Sector, & Trade Division, SARD, South Asia Department
Closing Date: 8 January 2013 , 5:00 p.m. (1700 Manila Time, 0900 GMT)
Job Purpose:
To function as a lead in supporting innovative and strategic financing modalities and mechanisms primarily for infrastructure debt financing through both sovereign and - in coordination with PSOD - non-sovereign modalities. The responsibilities would include the following project based activities (i) identification (origination), (ii) development (structuring), (iii) implementation (financial closing) and (iv) administration (portfolio management). The role would also include (i) conducting policy dialogue with DMCs for improving the enabling environment for project structuring and financing and for financial sector reforms to support project financing and (ii) engaging closely with clients to support developing bankable and sound interventions primarily in infrastructure financing space. Work within general policies, principles and goals, working directly with clients.Expected Outcomes
a. Strategy and Planning- Monitor and analyze the market for private sector and infrastructure finance in ADB's developing member countries building on best practices regionally and internationally.
- Assess the primary and secondary markets to determine absorptive capacity in terms of underwriting and loans syndication as well as bond issuances.
- Oversee the development of structures and mechanisms for facilitating private sector financing, especially in the infrastructure sector in the domestic markets, via the use of innovative solutions such as the use of special purpose vehicles, credit enhancements, securitizations, syndications, etc.
- Have an excellent understanding of the enabling environment for private sector development including the risks and opportunities for the purpose of recommending appropriate policy changes to promote private sector participation and transactions.
- Participate in country teams and missions for planning and programming purposes and provide necessary inputs
- Identify, develop, implement and administer projects that can serve to leverage private funding primarily in the infrastructure debt financing space that merit ADB public sector assistance.
- Develop pilot and innovative demonstration transactions that can promote market development and new lines of business that leverage ADB resources.
- Work closely with SAOD, SARD resident missions, and PSOD to identify viable projects which contribute to address the region’s most acute development constraints and that support ADB’s poverty reduction goals.
- Provide advice to DMCs, promoters and financial intermediaries regarding the management of risks in non-recourse financing and risk mitigation measures available through ADB.
- Lead project teams in the due diligence, risk analysis and mitigation work of strategic transactions that can support the development of the local currency bond market..
- Lead and conduct economic, thematic and sector work related to policy, legal and regulatory as well as institutional framework for the infrastructure and financial sectors in the context of sustainable economic development and poverty reduction.
- Monitor financial and economic development as far as it relates to potential infrastructure debt capital market transactions and carry out sector analysis and conduct policy dialogue.
- Interact regularly with the executing agencies for smooth implementation of projects, and with other departments and offices in ADB headquarters on project implementation and administration related matters.
- Prepare, or supervise the preparation, of sector strategies for Financial and Private Sector Development as well as inputs for Country Strategy and Program (CSP) and CSP updates as required.
- Participate in various committees, working groups, and task forces assigned by SAPF and coordinate activities in the financial sector and PPP development with other multilateral and bilateral organizations, donors, consultants, nongovernment organizations and others as required.
- Lead, develop and maintain a suitable network in the area of financing and structuring of projects to keep abreast of the latest developments and issues.
- Substantially contribute to activities for advocacy, dissemination and knowledge building on financing and structuring of projects.
e. Staff Supervision
- Assist and mentor new colleagues in taking on and improving assignments.
- Advise SARD project teams through peer review and participation in missions.
- Assist Director SAPF in preparation of work plans.
Educational Requirements:
Master's Degree or equivalent in finance, business administration, economics, management or related fields. University degree in business administration, economics, finance, management or related fields combined with specialized experience in similar organization/s, may be considered in lieu of a Master’s degree.Relevant Experience And Other Requirements:
- Suitability to undertake the responsibilities mentioned above at the required level.
- At least 10 years of relevant professional experience in the financial sector and capital market development and reforms as well as in project administration. International experience working in several countries.
- In-depth knowledge of financial market transactions with a particular focus on supporting strategic transactions that will serve as demonstration projects to promote market development including development of the bond market
- Understanding of ADB’s various financing modalities and instruments with a view to applying the optimal instrument to meet the desired development goals
- Familiar with the state of market development across SARD countries and understand the key impediments to sustainable growth in the sector.
- Ability to work closely with Government officials and other market participants in an environment where team work is actively promoted.
- Able to steer ideas and projects to improve linkages between finance sector development and poverty reduction.
- Excellent oral and written communication skills in English.
Core Competencies:
Application of Technical Knowledge and Skills- Provides supervision to others in completing their technical tasks
- Called upon for advice and guidance based on expertise gained by working in different countries and organizations
- Contributes advanced knowledge and expertise to different parts of the Department
- Proposes effective services and solutions to staff beyond presenting issues and past challenges
- Assists colleagues adapt to the cultural and business norms of diverse clients and country situations
- Gains respect for the breadth and depth of expertise demonstrated in effectively managing diverse clients and country situations
- Called upon to resolve client situations that may impact their long-term ADB relationship
- Resolves situations where client needs are not being met
- Shares past experiences from different projects, organizations, and countries to help achieve quality results
- Ensures that thorough analysis includes current and relevant factors from different countries and contexts
- Sought out for guidance and experience in overcoming the most challenging situations
- Draws on long-term relationships with stakeholders to help plan for and achieve results
- Addresses team members not contributing to required standards
- Commits to delivering timely and high quality work to assist in the team’s success
- Develops and maintains good internal and external peer and senior level relationships
- Helps teams understand common features to build rapport and overcome challenges
- Provides stakeholders with the level and quality of information required to achieve outcomes
- Encourages others to seek long-term solutions to address feedback opposed to focusing on immediate concerns or reactions
- Uses breath of multi-country and multi-client knowledge to equip clients and staff for more effective outcomes
- Designs and implements project and program knowledge and services
- Consistently seeks more effective and practical ways for the Departmental delivery of services, products, and processes
- Proposes new ways to improve the quality and relevance of products and services
- Includes the core benefits and reasons for change when developing comprehensive change roll out plans
- Influences and persuades decision makers by presenting business cases supporting the proposed changes
Immediate Reporting Relationships / Other Information:
- Supervisor: Director, SAPF
- The following staff positions may be supervised by the incumbent:
- Administrative Staff
- National Staff
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