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 is owned by 69 members, with 50 of them from the Asia-Pacific region. The bank's mission is to alleviate poverty and promote sustainable development across Asia and the Pacific. ADB works collaboratively with its members and partners to address complex challenges, utilizing innovative financial tools and strategic partnerships to foster inclusive, resilient, and sustainable growth. ADB is committed to creating an inclusive work environment where all employees are treated with respect and given equal opportunities, encouraging diversity in its workforce.

Job Overview:
The Markets Development Advisory Specialist position is a critical role within the Office of Markets Development and Public-Private Partnership at ADB. The specialist will be responsible for developing and delivering bankable projects and transactions aimed at enhancing private sector development (PSD) in ADB's developing member countries (DMCs). This includes working on public-private partnerships (PPP) and providing advisory operations and technical assistance. The role requires frequent travel to Central West and South Asia regions and involves overseeing junior team members. The specialist will contribute to the formulation and implementation of policies and strategies that align with ADB's operational goals, particularly in relation to PSD. The position also entails engaging in stakeholder coordination and knowledge management activities to support PSD initiatives, as well as working on innovative solutions related to climate financing and infrastructure finance.

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

• Developing and delivering bankable transactions for PSD through transaction advisory services (TAS) mandates and technical assistance.
• Enhancing the enabling environment for PSD in ADB's DMCs by identifying, structuring, and delivering bankable transactions.
• Conducting market research to identify constraints and provide solutions for promoting PSD.
• Coordinating and managing internal processes for the approval and implementation of TAS mandates and market development activities.
• Managing the selection and oversight of consultants supporting project teams, including designing their terms of reference.
• Contributing to the development of country partnership strategies and private sector diagnostics.
• Leading and supporting collaborative approaches to projects alongside other departments.
• Managing team performance by providing direction, monitoring progress, and offering constructive feedback.

Required Qualifications:
Candidates must possess a university degree in accounting, business administration, economics, engineering, finance, or other relevant fields, preferably at the post-graduate level or its equivalent. Additionally, a minimum of 6 years of relevant professional experience in developing infrastructure projects, including PPP transactions and climate financing, is required. Candidates should have hands-on experience in structuring project finance transactions or providing advisory services across multiple sectors and countries, including negotiation and coordination. In-depth knowledge of PPP and financial market products, along with due diligence experience in implementing infrastructure or climate projects, is essential. A strong network with financial communities, including export credit agencies and investment/commercial banks, is also necessary.

Educational Background:
The educational background required for this position includes a university degree in relevant fields such as accounting, business administration, economics, engineering, or finance. A post-graduate degree or equivalent qualification is preferred, as it demonstrates a higher level of expertise and understanding of complex financial and economic concepts relevant to the role.

Experience:
The position requires at least 6 years of relevant professional experience in developing infrastructure projects, particularly in the context of public-private partnerships and climate financing. Candidates should have a proven track record of structuring project finance transactions and providing advisory services in various sectors and countries. International experience working in multiple countries is highly valued, as it indicates the ability to navigate diverse regulatory and cultural environments.

Languages:
High proficiency in English, both written and spoken, is mandatory for this position. This proficiency is crucial for effective communication and collaboration within the organization and with external stakeholders. While English is the primary language required, knowledge of additional languages may be considered an asset, particularly those relevant to ADB's member countries.

Additional Notes:
This position is a fixed-term appointment with the option to renew, initially for a period of up to 3 years or until the Normal Retirement Date (NRD), whichever comes first. The role is part of ADB's Workforce Rebalancing Framework (2022-2027), aimed at enhancing in-house expertise. Successful applicants may occasionally undertake short-term assignments in other departments or offices as needed. ADB offers a competitive salary and comprehensive benefits package, including housing and education allowances (if applicable), expatriate benefits, relocation assistance, retirement plans, medical and health benefits, paid leave (including parental leave), and life and other insurance plans. ADB encourages all qualified candidates to apply, emphasizing diversity and inclusion in its hiring practices.