Asian Development Bank

Investment Specialist (Syndications)

Asian Development Bank

Job Description

Reference Number: 210014 Position Level: IS 3 Department: Private Sector Operations Department Division: Guarantees and Syndications Unit Location: Asian Development Bank Headquarters Date Posted: Wednesday, January 20, 2021 Closing Date: Friday, February 19, 2021 11:59 p.m. (2359 Manila Time, 0800 GMT) IMPORTANT INFORMATION: Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.

1Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).

In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category.

Overview

Asian Development Bank (ADB) is an international Development Finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and The Pacific, while sustaining its efforts to eradicate Extreme Poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.

ADB only hires nationals of its 68 members.

The position is assigned in the Guarantees and Syndications Unit (GSU) within the Private Sector Operations Department (PSOD). GSU supports all commercial cofinancing activities of ADB, including B-loans, and provides support to sovereign credit enhancement products, including for state owned enterprises.

PSOD provides investment capital to private sector entrepreneurs, corporates and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia. It catalyzes, structures, and funds investments in privately held and state-sponsored companies across a wide range of industry sectors. Its emphasis is on commercially viable transactions that generate financial returns while also delivering on ADB's organization-wide mission to promote environmentally sustainable and inclusive Economic Growth.

Job Purpose

The Investment Specialist (Syndications)supports the mobilization of financing from commercial sources (banks, insurance companies, institutional investors and other entities) to ADB's non-sovereign (i.e., commercial/corporate) clients by originating, structuring, executing, and syndicating debt, and maintaining relationships with commercial financiers. The incumbent will report to Advisor, PSOD and Head, GSU and will supervise national and administrative staff.

Responsibilities

a. Project Management

  • Supports financing from commercial sources and identifies financing partners during transaction Design;
  • Supports syndicating/distributing transactions involving ADB's non-sovereign clients in the infrastructure and financial sectors; and
  • Works with other financing parties to effectively originate and execute loan syndications including B loans, parallel loans, risk transfers and debt funds.
b. Business Development

  • Supports and contributes to promoting the innovative application of commercial financing and risk sharing structures for effective resource mobilization and market development;
  • Participates in building relationships with major commercial lenders, institutional investors, insurers and the commercial arms of multilateral and bilateral agencies;
c. Strategy, Planning and Administration

  • Recommends and implements improvements to ADB's commercial cofinancing policies, strategies, guidelines and practices; and
  • Contributes to the administration and reporting of ADB's mobilization products.
d. Knowledge Management

Contributes to efforts to increase awareness of ADB's mobilization products among other financing parties and ADB Regional Department staff; Collects relevant pricing data in support of pricing of non-sovereign debt transactions; Participates in preparing staff instructions and other materials on mobilization products; and Contributes in preparing related in-house seminars and workshops, updates of commercial financing transaction briefs, manuals, brochures and other publications.

Qualifications Relevant Experience & Requirements

  • University degree in a business or finance related field; preferably at post-graduate level or its equivalent
  • At least 6 years of relevant professional work experience in project, corporate and/or structured debt finance, including hands-on experience in originating, structuring, executing, or working with syndicated debt, project finance transactions for infrastructure, PPP, and/or financial sector debt transactions
  • International experience working in development in several countries
  • Excellent written and verbal communication skills in English
  • Please refer to the link for ADB Competency Framework for International Staff Level 3 and 4.
General Considerations

The selected candidate is appointed for an initial term of three (3) years.

ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's qualifications and experience.

ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.

Please note that the actual level and salary will be based on qualifications of the selected candidate.

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