Intern (PSOD-OPSD-GSU)

Job Posting Organization:
The Asian Development Bank (ADB) is a multilateral development bank established in 1966, headquartered in Manila, Philippines. ADB's mission is to promote social and economic development in Asia. The organization has over 3,000 employees and operates in 49 countries across the Asia-Pacific region. ADB aims to reduce poverty and improve living conditions through sustainable economic growth and regional integration.

Job Overview:
The internship-position" style="border-bottom: 1px dotted #007bff !important;">internship position within the Private Sector Operations Department (PSOD) at the Asian Development Bank (ADB) focuses on supporting the Guarantees and Syndications Unit, specifically the Blended Finance and Funds Team. The intern will engage in various activities related to blended concessional finance and parallel fund transaction processing. This role is designed to provide the intern with practical experience in the financial sector, particularly in the context of multilateral development banks. The intern will work closely with Fund Managers and Blended Finance Officers, assisting in the origination, processing, and management of blended finance operations. The position offers a unique opportunity to gain insights into the workings of development finance, including the preparation of internal documentation, transaction processing, and partner reporting.

Duties and Responsibilities:
The intern will be responsible for a variety of tasks, including: assisting with transaction processing activities by conducting background financial and sector research, compiling data, and providing analytical support; supporting the preparation of internal documentation for blended concessional finance and parallel investment transactions, which may include creating concept materials, processing notes, presentations, and briefing documents; contributing to portfolio monitoring and partner reporting requirements for blended finance facilities and parallel funds, which involves data verification and drafting written materials; coordinating with internal teams and external partners as necessary, including following up on information requests; and performing other ad-hoc analytical and administrative tasks related to blended finance and funds operations.

Required Qualifications:
Candidates must be currently enrolled in a master's degree or PhD program in finance, banking, accounting, economics, international relations, public policy, climate studies, or a closely related discipline. Additionally, candidates should possess strong analytical and organizational skills, with a keen attention to detail. Excellent written and oral communication skills in English are essential, as well as the ability to work effectively in a multicultural, team-based environment.

Educational Background:
The educational requirement for this internship is that candidates must be currently enrolled in a master's degree or PhD program in relevant fields such as finance, banking, accounting, economics, international relations, public policy, climate studies, or closely related disciplines. This educational background is crucial as it provides the theoretical foundation necessary for understanding the complexities of blended finance and development banking.

Experience:
The ideal candidate should preferably have 2-3 years of relevant professional experience. This experience could be in areas related to finance, banking, or development, which would provide the intern with a practical understanding of the financial sector and the operations of multilateral development banks. Experience in analytical roles or positions that require strong organizational skills would be particularly beneficial.

Languages:
The mandatory language requirement for this position is proficiency in English, both written and spoken. This is essential for effective communication within the multicultural environment of ADB. While not mandatory, knowledge of additional languages could be considered an asset, particularly if they are relevant to ADB's operational regions.

Additional Notes:
The internship is expected to last for a duration of 11 weeks, starting in June 202

• This position is based at the ADB Headquarters in Manila, Philippines. The internship is designed to provide hands-on experience in the field of blended finance and is suitable for individuals looking to gain practical insights into development finance operations. The intern will have the opportunity to contribute to meaningful projects and gain exposure to ADB's internal processes and reporting requirements.