Director General

Job Vacancy | Thursday, November 21, 2024

Join Our Mission to Foster Prosperity in Asia

Are you looking to have a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.

Organizational Setting and Reporting Relationship

The position of Director General is assigned to the Office of the Director General within the Private Sector Operations Department. You will be based at our Headquarters in Manila, Philippines.

You will report to Office of the Vice-President (Market Solutions) and will oversee International, National and Administrative staff.

Your Role

As Director General, you will lead the department’s vision, goals, and strategies to promote sustainable private investment in Asia and the Pacific. The Mid-term Review of Strategy 2030 calls for more private capital, growth, and higher targets. As Director General, you will lead efforts to meet these needs, using innovation and partnerships to drive Strategy 2030’s goals.

You will:

a. Leadership and Strategic Management

• Shape and communicate the department’s vision, goals, and strategies to align with ADB’s objectives and policies.
• Oversee all PSOD operations to ensure financial viability, strategic relevance, quality, development impact, and compliance with ADB policies.
• Advocate for top-tier corporate governance among borrowers and investee companies.
• Deliver private sector solutions downstream by aligning advisory support midstream and upstream actions and build relationships with clients and co-financiers through strategic partnerships.

b. Country Strategy and Programming

• Integrate PSOD into country strategy exercises and focused programs for developing member countries (DMCs).
• Focus on promoting sustainable private investment in the Asia and Pacific region with a focus on poverty reduction as a principal development objective.
• Lead policy dialogue with senior officials on development issues to ensure ADB’s engagement aligns with its poverty reduction mission and adapts to changing priorities.
• Ensure full integration of ADB’s resident missions into the work of PSOD.

c. Portfolio Development and Management

• Lead the origination and development of the PSOD pipeline, including project and corporate financing, financial institutions, trade, supply chain finance, and equity investments.
• Ensure the PSOD portfolio’s performance, focusing on financial viability, sustainability, and clear, monitorable results.
• Oversee all equity divestments.
• Guide staff on resolving credit and market risk issues in financing and investments, and lead difficult credit resolutions with the Office of Risk Management.

d. External Relations and Coordination

• Oversee and build relationships with the full range of ADB’s development partners, including other development institutions, civil society groups, the Executive Board and the private sector.
• Ensure that PSOD financing is designed to attract private capital into development projects, including measures to de-risk investments for the private sector.

e. Internal Relations

• Integrate PSOD actions with Market Development advisory services and Private Sector Development efforts by ADB regional departments.
• Oversee internal relationships and ensure full coordination and cooperation with other ADB departments, regional and non-regional, and the entire range of internal partners.
• Promote and defend transactions at the Board level, resolving policy and transaction issues.

f. Department Operations Management

• Facilitate department coordination and cooperation with other ADB departments.
• Effectively manage budget and resource allocation and utilization at the division level within the department.

g. Staff Supervision

• Lead diverse teams, ensuring work quality, manage performance with clear direction and feedback, and mentor individuals for continuous learning and development.

Qualifications

You will need:

• Master’s degree in a relevant field. Alternatively, university degree in related fields combined with additional relevant professional experience can be considered;
• At least 15 years of relevant professional experience in public or private sector operations;
• Demonstrated high-level of integrity, with earned respect of professional peers;
• An experienced international banker with an appreciation for the development role of the public and private sectors; preferably a combination of experience working in investment/merchant/commercial banking and with multilateral institutions;
• Demonstrated knowledge of debt and equity capital markets, risk syndication products and the private equity markets;
• Demonstrated experience promoting poverty reduction through private investment;
• Experience developing vision and strategies for evaluation, managing change, and overseeing programs and budgets.
• Collaborate across organizational boundaries.
• International experience working in Asia and the Pacific.
• Please refer to the link for ADB Competency Framework for International Staff Level 10.

Benefits

ADB offers a great compensation package and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.

• Paid leave (including parental)
• Medical and health benefits
• Life and other insurance plans
• Staff development
• Retirement plan
• Housing and education allowance (if applicable)
• Expatriate benefits (for international staff)

Additional Information

This Job Description may evolve with the implementation of the New Operating Model and the Private Sector Development shift. By proceeding with your application, you acknowledge and accept the possibility of such changes.

This is a fixed term appointment or assignment for senior staff, for a period of three (3) years. This opening is open to internal and external applicants.

If you are selected as an external candidate, the appointment may be extended for a period of up to 3 years per extension, or not renewed. In case of extension, staff may continue in the position for another term of up to 3 years.

At the end of the initial period, ADB, may: (a) renew a fixed term appointment or assignment, (b) not renew a fixed term appointment (remove (c) for external) or (c) reverse a staff member on fixed term assignment to a former level.

Fixed-term appointments or assignments for senior staff are subject to terms and conditions determined by ADB as indicated in all relevant policies.

About Us

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 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 our Strategy 2030.

ADB only hires nationals of its 69 members.

To view ADB Organizational Chart, please click here.

ADB wants 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 encouraged to apply.

Visit ADB Careers FAQ for more information.

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