Markets Development Advisory Specialist

Job Posting Organization:
The Asian Development Bank (ADB) is a leading multilateral development bank established in 1966, headquartered in Manila, Philippines. ADB's mission is to alleviate poverty and promote sustainable development in the Asia-Pacific region. The organization is owned by 69 members, with 50 of them from the region, and employs a diverse workforce dedicated to fostering inclusive, resilient, and sustainable growth. ADB collaborates with its members and partners to address complex challenges, utilizing innovative financial tools and strategic partnerships to transform lives and build quality infrastructure. ADB is committed to creating an inclusive work environment where everyone is treated with respect and given equal opportunities, encouraging applications from all qualified candidates regardless of their background, gender, or disabilities. Women are particularly encouraged to apply.

Job Overview:
The Markets Development Advisory Specialist position is situated within the Special Initiatives and Funds (OMSF) of the Office of Markets Development and Public-Private Partnership (OMDP) at ADB. This role is crucial for developing and implementing upstream market development activities related to private sector development (PSD), including public-private partnerships (PPPs). The specialist will also engage in midstream activities, providing institutional or corporate advisory on transaction development and preparation related to PSD. The position requires a proactive approach to identifying and developing financing opportunities that align with ADB's Strategy 2030 and operational priorities. The specialist will contribute to the preparation of thematic policies, strategies, operational plans, and guidance materials to support bank-wide work on PSD, ensuring that ADB's initiatives are effectively aligned with its overarching goals.

Duties and Responsibilities:
The duties and responsibilities of the Markets Development Advisory Specialist include:

• Strategy and Planning: Contributing to the advancement of PSD initiatives, supporting the preparation and implementation of division- and department-level goals, strategies, and operational plans aligned with PSD and PPP priorities. Providing substantive inputs to thematic policies and strategic frameworks related to PSD and PPP.
• Operations Management and Leadership: Originating, processing, and implementing PSD upstream activities, including legal and institutional reforms, capacity building, and knowledge sharing. Collaborating with regional and sector departments to support sovereign projects with PSD components.
• Knowledge Management and Capacity Building: Conducting market diagnostics and sector analyses to identify constraints and propose solutions for advancing PSD in developing member countries (DMCs). Organizing knowledge events related to PSD and PPP, including international conferences and workshops.
• Partnership and Coordination: Establishing effective working relationships with DMC governments, development partners, and private sector entities. Participating in strategic discussions with international organizations on PSD and PPP-related matters.
• Staff Supervision: Managing the performance of teams and individuals, providing direction and feedback on performance.

Required Qualifications:
The position requires a university degree in business administration, economics, finance, or other relevant fields, preferably at the post-graduate level or its equivalent. Candidates should have at least 6 years of relevant professional experience in developing and implementing new products and knowledge services, infrastructure projects including PPPs, and climate financing. Hands-on experience in structuring project finance transactions or providing advisory services across multiple sectors and countries is essential, along with in-depth knowledge of PPP and financial market products. Candidates should also have a network within financial communities, including export credit agencies and investment/commercial banks, and possess international experience working in various countries.

Educational Background:
Candidates must possess a university degree in business administration, economics, finance, or other relevant fields, with a preference for those holding a post-graduate degree or its equivalent. This educational background is essential to ensure that the candidate has the necessary theoretical knowledge and analytical skills required for the role.

Experience:
The position requires a minimum of 6 years of relevant professional experience. This experience should encompass developing and implementing new products and knowledge services, managing infrastructure projects including PPPs, and engaging in climate financing. Candidates should demonstrate hands-on experience in structuring project finance transactions and providing advisory services across multiple sectors and countries, showcasing their ability to negotiate and coordinate effectively.

Languages:
High proficiency in English, both written and spoken, is mandatory for this position. This proficiency is crucial for effective communication within the organization and with external stakeholders. Additional language skills may be considered an asset, particularly if they relate to the regions where ADB operates.

Additional Notes:
This appointment is a fixed-term position for an initial period of 3 years, with the possibility of extension for up to 2 additional years, conversion to a regular appointment, or termination at the expiration date based on ADB's needs and the staff's performance. The role is full-time and requires relocation to Manila, Philippines, with all reasonable relocation expenses covered. ADB offers a competitive salary and a comprehensive benefits package, including housing and education allowances (if applicable), expatriate benefits (if applicable), a retirement plan, medical and health benefits, paid leave (including parental leave), and life and other insurance plans.