Senior Carbon Finance Specialist

Job Posting Organization:
The Asian Development Bank (ADB) is an international development finance institution established to foster economic growth and cooperation in the Asia-Pacific region. Founded in 1966, ADB is headquartered in Manila, Philippines, and comprises 69 member countries, with 49 of them from the Asia and Pacific region. ADB's mission is to alleviate poverty and promote sustainable development through financial assistance, knowledge sharing, and partnerships. The organization employs a diverse workforce dedicated to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while also focusing on eradicating extreme poverty. ADB operates in various sectors, including climate change, infrastructure, and social development, and is committed to its Strategy 2030 vision, which emphasizes sustainable and inclusive growth.

Job Overview:
The Senior Carbon Finance Specialist position is a critical role within the Climate Change, Resilience, and Environment Cluster (CCRE) of the Climate Change and Sustainable Development Department (CCSD) at ADB. The specialist will play a pivotal role in supporting ADB's developing member countries (DMCs) by optimizing carbon finance opportunities that incentivize investments in low-carbon technologies and solutions. This position requires a deep understanding of carbon markets and the ability to provide comprehensive support to DMC governments in designing, developing, and implementing carbon market-related policy frameworks. The specialist will also be responsible for identifying, designing, and implementing mitigation projects that consider carbon finance, collaborating with various departments within ADB to ensure integrated solutions that meet the needs of DMCs. The role involves extensive policy dialogue, project development, and capacity building to enhance the readiness of DMCs to engage with emerging carbon markets.

Duties and Responsibilities:
The Senior Carbon Finance Specialist will have a wide range of responsibilities, including but not limited to: leading the design and development of carbon market and carbon finance-related policies and strategies for sustainable development in DMCs; collaborating with sector offices and regional departments to propose integrated solutions; providing inputs to policy dialogues to assist governments in undertaking reforms and ensuring efficient resource use; guiding the design, development, and implementation of mitigation projects and programs; advising on carbon finance issues in the processing and administration of loans, grants, and technical assistance; contributing to training and conferences on carbon finance and clean energy; and performing other duties as assigned in the work plan. The specialist will also oversee national staff and report directly to the director" style="border-bottom: 1px dotted #007bff !important;">Senior Director of CCRE.

Required Qualifications:
Candidates for the Senior Carbon Finance Specialist position must possess a Master’s degree or equivalent in engineering, economics, finance, business administration, or relevant fields. Alternatively, a university degree in these fields combined with at least five years of specialized experience relevant to the position may be considered. Additionally, candidates should have at least ten years of professional experience working directly on carbon finance and carbon markets, preferably in the Asia and Pacific region. A thorough understanding of carbon pricing and markets, including those emerging under Article 6 of the Paris Agreement, is essential. Candidates should also have broad experience in preparing development carbon credit projects and related policies, as well as experience supervising and coordinating multi-disciplinary teams. Relevant experience outside ADB within the past five years is required, and candidates must demonstrate written and verbal proficiency in English.

Educational Background:
The educational background required for this position includes a Master’s degree or equivalent in fields such as engineering, economics, finance, or business administration. A university degree in these areas, combined with significant relevant experience, may also be acceptable. The emphasis is on advanced knowledge and skills related to carbon finance and market mechanisms, which are critical for the role.

Experience:
The position requires a minimum of ten years of professional experience specifically in carbon finance and carbon markets. This experience should ideally include work in the Asia and Pacific region, demonstrating a comprehensive understanding of the dynamics of carbon pricing and market mechanisms. Candidates should also have experience in project development and policy formulation related to carbon finance, as well as experience leading teams and managing projects across different countries.

Languages:
Proficiency in English is mandatory for this position, both written and verbal. This is essential for effective communication and collaboration within ADB and with external stakeholders. While English is the primary language required, knowledge of additional languages relevant to the Asia-Pacific region may be considered an asset, enhancing the candidate's ability to engage with diverse stakeholders.

Additional Notes:
This position is a fixed-term appointment with the option to renew for an initial period of three years, following ADB's administrative guidelines. It is important to note that this appointment is not convertible to a regular appointment, and while there is no limit on the number of renewals, the initial period may be subject to evaluation. The role is part of ADB's Workforce Rebalancing Framework (2022-2027), which aims to enhance in-house expertise. Successful candidates may be required to undertake short-term assignments in other groups or departments as needed. ADB offers competitive compensation and a comprehensive benefits package, including paid leave, medical and health benefits, life insurance, retirement plans, and allowances for housing and education if applicable. Expatriate benefits are available for international staff.