Markets Development Advisory Specialist
Job Vacancy | Thursday, February 22, 2024
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IMPORTANT INFORMATION:
This is a fixed term appointment with option to renew for an initial period of 3 years following Section 3.1 (b) of Administrative Order No. 2.01 (“Recruitment and Appointment’). This appointment is not convertible to a regular appointment. After the initial fixed period, ADB has the option to renew the appointment for up to three years or allow it to expire. This decision is based on ADB’s overall interest in retaining the skills and experience of the staff for medium-term work program within the respective group, department, or office, while considering the availability of funding sources.
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 Advisory Division 2 (OMDA2) of the Office of Markets Development and Public-Private Partnership (OMDP). OMDP was established to enhance the role of ADB in supporting and enabling developing member countries to secure greater private investment and generate private sector-led growth in the region. OMDP will provide upstream and midstream advisory services and technical assistance for clients and the region leading to private investment, and development of markets (including but not limited to Creating Investable Cities (CIC), Energy Transition Mechanism (ETM), and state-owned enterprises (SOE) commercialization). OMDP will serve as a private sector development (PSD) knowledge nexus, engage in internal and external advocacy and capacity building, creating an enabling environment, project preparation and structuring, and mobilizing and catalyzing financing including market development. OMDP also has a project preparation facility that helps governments, and their private sector partners, establish a pipeline of bankable public-private partnership (PPP) projects.
This position has been created as part of the Workforce Rebalancing Framework, which is a multiyear initiative (2022-2027) aimed at increasing in-house expertise in key operational areas that was previously sourced from consultants through ADB’s technical assistance. The goal is to strengthen in-house expertise to enhance the quality of ADB’s policy dialogue, operations, and knowledge solutions delivery by collaborating closely with DMC clients. Expected candidates are seasoned experts with strong field experience who can lead policy dialogue and project work with emphasis on providing knowledge solutions.
To view ADB Organizational Chart, please click here.
Job Purpose
The Markets Development Advisory Specialist contributes in (i) the delivery of ADB’s operations related to PPP including operations of Asia Pacific Project Preparation Facility (AP3F) in relation to PPP and PSD; (ii) the formulation and implementation of policies, strategies, transactions and programs of OMDP to implement ADB’s operations related to advisory operations, PPPs, market development, state-owned enterprises (SOEs), green and climate financing, and country program development; (iii) developing and maintaining external and internal relations, stakeholders’ coordination, and knowledge management activities to accommodate PPP- and PSD-related issues. The position will lead/support origination, processing and implementation of transaction advisory services (TAS) mandates and market development activities by preparing, structuring, negotiating and procuring infrastructure projects through PPP in collaboration with relevant departments including regional and solutions departments. The position will also establish and maintain effective networks with international and local key players in PPP and other markets.
The incumbent will report to Director, OMDA2 and may supervise national and/or administrative staff.
Responsibilities
a. TAS/PPP/Market development Operations
• Supports the implementation of OMDP’s vision, goals, work plan and development strategies with high-quality output in line with Strategy 2030.
• Contributes to the development and implementation of the Private Sector Development shift in line with R99-22 (Organizational Review: A New Operating Model to Accelerate ADB's Transformation Toward Strategy 2030 and Beyond).
• Supports the identification, structuring, delivery, and administration of TAS mandates, market development and PPP programs with effective and efficient marketing, negotiation and due diligence of PPP- and PSD-related issues and projects in DMCs, including green and climate financing initiatives and SOE commercialization
• Assists in the internal process for approval and implementation of TAS mandates and market development activities which includes preparation of related project documents.
• Assists in the selection and management of individual consultants who support deal teams, including designing of their terms of reference.
• Assists in the promotion of co-advisory operations and cooperation with other institutions.
• Undertakes PPP and PSD market research activities, identifying constraints and providing innovative solutions for fostering PSD/PPP policies, operations and regulatory frameworks in ADB’s DMCs.
• Contributes to OMDP’s knowledge management activities and assists in the establishment and maintenance of data base for knowledge sharing with internal/external clients.
b. External Relations and Coordination
• Establishes and maintains effective relationships with governments, development partners, civil society, and private sector entities within area of responsibility.
c. Internal Relations and Coordination
• Participates in the preparation of country partnership strategies, country management teams and provides effective inputs and feedback to support ADB’s PPP and PSD operations in line with the overall framework for ADB’s support to the relevant DMCs; and supports “One ADB” approaches to infrastructure projects alongside other regional and solutions departments.
• Coordinates with internal stakeholders and supports regional development and implements PPP projects in coordination with the regional and other solutions departments and Private Sector Operations Department on PPP and PSD activities.
• Contributes to effective coordination and cooperation within OMDP which includes informing team members, Director, OMDA2 and the Head, OMDP of day-to-day development, emerging opportunities and challenges, and provides recommendations accordingly in a timely manner.
d. Staff Supervision
• Demonstrates leadership and motivates reporting staff to perform at their full capacity by providing clear guidance, monitoring performance and providing feedback regularly and supporting their learning and development.
Qualifications
Relevant Experience & Requirements
• Master’s degree or equivalent in business administration, economics, finance or other relevant fields. Alternatively, university degree in business administration, economics, finance or other related fields and at least 5 years specialized experience relevant to the position can be considered.
• At least 8 years of relevant professional experience in developing and implementing infrastructure projects including PPP transactions and/or SOE commercialization, and climate financing.
• Excellent written and verbal communication skills in English.
• Hands-on experience of structuring project finance transactions and/or providing advisory services in various sectors and countries including negotiation and coordination among stakeholders.
• In-depth knowledge about PPP and financial market products and/or robust due diligence experience and capability in implementing infrastructure and/or climate, SOE commercialization projects.
• Network with financial communities including export credit agencies and investment/commercial banks.
• Excellent leadership qualities and interpersonal skills.
• Strong analytical, organizational, and negotiation skills.
• International experience working in several countries.
• Please refer to the ADB Competency Framework for International Staff Level 4.
General Considerations
The selected candidate, if new to ADB, is appointed for an initial term of 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.
