(Senior) Infrastructure Finance Specialist

Job Vacancy | Wednesday, May 24, 2023


ADB will be rolling-out its operating model which may result in the change of department/group and/or reporting arrangement(s). By proceeding with your application, you acknowledge and accept the possibility of such changes resulting from the new operating model (NOM).

This is a special fixed-term appointment for a period of three (3) years following Section 3.1 (c.) of Administrative Order No. 2.01 (“Recruitment and Appointment’). This appointment is not convertible to a regular appointment. It may be extended on exceptional basis for a further fixed period at the option of ADB. This appointment is open to internal and external applicants.

This is a senior staff fixed-term appointment for a period of 3 years. This vacancy is open to internal and external applicants.

If the selected candidate is an external hire, 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, or be reassigned to any suitable position in ADB.

The same terms and conditions also apply to a selected internal candidate. In addition, if the staff selected has a regular appointment, staff will retain the regular appointment and his/her selection will be considered an assignment for an initial fixed period of 3 years. If the staff selected has a fixed term appointment, his/her appointment will cease, and he/she will be given a new fixed term appointment for an initial term of 3 years.

Fixed-term appointments or assignments are subject to Section 3 of Administrative Order (AO) 2.01 (Recruitment and Appointment) and Section 8 of AO 2.03 (Selection, Talent and Position Management) and its Appendices.

Whether the selected candidate is internal or external, and regardless of the type of appointment, any extension of staff beyond age 60 shall be subject to such terms and conditions determined by ADB, including, where relevant, those provided in Section 10 of AO 2.05 (Termination Policy) and its Appendices.

Multiple Positions Posting

1) Multiple positions at various levels may be filled from this vacancy notice.

a. Senior Infrastructure Finance Specialist (Project Origination)

b. Senior Infrastructure Finance Specialist (Climate Financing)

c. Infrastructure Finance Specialist (Financial Structuring)

2) Actual position title and level will be based on the candidate’s qualifications, experience and job scope that will be assigned to the selected candidates.

3) Location - Initial appointment to ADB Headquarters, Manila, Philippines. Some positions may be outposted in a Field Office.


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 Office of the Director General (SEOD) within the Southeast Asia Department (SERD). The department covers operations in Brunei Darussalam, Cambodia, Indonesia, the Lao People's Democratic Republic, Malaysia, Myanmar, the Philippines, Singapore, Timor Leste, Thailand, and Viet Nam. SEOD provides overall support to the SERD management in terms of programming, portfolio management, results monitoring, and implementation of ADB’s long-term strategic framework to deliver projects that create economic and development impact in the region. The SERD Green Finance Hub (GFH-SEOD) is a unit in SEOD with a role to support sovereign, PPP advisory, and nonsovereign operations in the region, focusing on accelerating climate finance and deploying innovative finance approaches.

Job Purpose

The (Senior) Infrastructure Finance Specialist will support the development of the SERD Green Finance Hub (GFH) in four critical areas: (i) implementation of the ASEAN Catalytic Green Finance Facility (ACGF); (ii) origination of innovative project pipelines (in close discussion and coordination with PSOD for private sector projects) and implementation of select sovereign projects; (iii) development of innovative of structured finance capacity building programs for internal and external clients; and (iv) development of the innovative country programs, policies and project concepts including a climate/green finance focus.

In all of the above, the incumbent of the position is expected to support the GFH Unit in management of technical assistance sources, work closely with SERD sector and country teams, represent ADB internal and external events, and explore areas for collaboration with other ADB departments including Sustainable Development and Climate Change Department (SDCC), Private Sector Operations Department (PSOD), Office of the Public-Private Partnership (OPPP), Strategy, Policy, and Partnerships Department (SPD), Treasury Department (TD), and Office of the General Counsel (OGC). The incumbent will report to designated International Staff and will supervise National and Administrative Staff.


• Leads initiatives in project origination (with SERD resident missions and sector teams), policy harmonization with ASEAN Catalytic Green Finance Facility (ACGF) and its partners, and ACGF product and pricing development.
• Engages with development partners, including other international financial institutions, green and climate-oriented funds or philanthropic organizations, and project developers to help identify project opportunities.
• Applies and evolves ACGF green frameworks and other eligibility criteria to undertake project screening, selection, and structuring.
• Supports ACGF implementation including relationship management with financing and knowledge partners, reporting, and other administrative responsibilities.
• Reviews, leads discussions (with government agencies and ADB teams), and provides inputs to Country Partnership Strategies and SERD project pipelines to introduce innovation approaches (e.g., new development/sector/green finance goals; carbon/ocean credit schemes; technology; leverage finance approaches; policy changes).
• Works closely with select ADB sector and country staff to develop innovative project concepts in a local or regional context.
• Undertakes dialogues with country and sector staff and government agencies to undertake in-country roundtables, project pitches, and project concept formulation to develop a pipeline of innovative projects (in close discussion and coordination with PSOD for commercial cofinancing) and local currency options.
• Oversees staff and consultants engaged by the GFH Unit in areas of origination and project development initiatives.
• For both the ACGF and the larger Hub, supports structured capacity-building programs (with experts in this area) as a subject matter expert in areas of green and related innovative finance.
• Provides guidance, advice, and comment on the calculation of climate finance, assessment of Paris Alignment and climate change policy-based lending for energy sector investments – ensuring that any reputational risk to ADB is a critical aspect of decisions.
• Contributes to an internal ADB knowledge network as well as leads management of some of the formal collaborations (under ACGF or the GFH Unit).
• Supports management of the GFH Unit’s technical assistance projects.
• Provides inputs into projects, policies or other papers related to innovation in SERD, and if appropriate, other parts of the Bank.
• Supervise multidisciplinary teams of staff and/or consultants.
• Performs other duties as may be assigned and reflected in the incumbent’s workplan.


Relevant Experience & Requirements

• Master’s degree or equivalent, in Environment, Sustainable Development, Finance, Economics or related fields; or University degree in Environment, Sustainable Development, Finance, Economics or related fields and at least 5 years specialized experience relevant to the position can be considered.
• Minimum of 8 years of relevant professional experience with strong policy focus including the below elements.
• Direct experience in originating and structuring infrastructure projects or PPP transactions.
• Experience in leveraged finance/blended finance approaches, particularly in the infrastructure context of developing countries is preferred.
• Experience working with multilateral development agencies and ASEAN government is required.
• Experience in working with climate change related policies or projects is preferred.
• International experience working in several countries, preferably across developing and developed sectors/countries.
• Knowledge of ADB processes, departments and products is preferred.
• Excellent oral and written communication skills in English.
• Please refer to the for ADB Competency Framework for International Staff level 4/5.

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.