Young Professional
Job Vacancy | Friday, September 1, 2023
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.
To view ADB Organizational Chart, please click here.
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
This position is based at ADB's Headquarters in Manila, Philippines. As a Young Professional, you will report to the Director and/or designated International Staff and may oversee National Staff and Administrative Staff.
Your Role
The Young Professionals Program (YPP) is an entry-level recruitment program aimed at qualified and motivated individuals interested in joining ADB. The YPP provides the foundation for a challenging and rewarding professional career in an international development environment and offers a range of opportunities to develop professional skills and understanding of ADB’s operations, policies, and procedures and contribute to the achievement of ADB’s Strategy 2030.
As a Young Professional (YP), you will contribute to ADB's mission and execution of main instruments comprising loans, technical assistance (TA), grants, advice, and knowledge.
Your Responsibilities
a. Strategy and Planning
• Assist and participate towards the development of policy and strategy of ADB.
• Apply own complex expertise to support others in research and analysis including development impact of ADB operations.
b. Project Management
• Assist and participate in the development, processing and administration of non-complex loans, grants and/or TA projects.
• Support integration of ADB’s policies and guidelines in the design and implementation of projects.
c. Knowledge Sharing
• Support and contribute to ADB’s activities for advocacy, knowledge sharing and building.
Qualifications
You will need:
- A University degree in Economics, Finance, Business Administration, Engineering, Environment, Law, Social Sciences, Public Policy, or other areas relevant to ADB’s operations. A post-graduate level degree or its equivalent is preferred. A PhD is required for Economists.
- At least 3 years of relevant professional experience in any of the following fields: macro or development economics, climate change, commercial/investment banking or corporate investment, education, energy, environment, financial sector, public health, public-private partnership, rural development, transport, urban planning, water operations, and agriculture and natural resources. PhD will be considered in lieu of work experience.
- International experience in areas related to ADB operations will be an asset.
- Not more than 32 years old upon joining ADB.
- Written and verbal proficiency in English
- Please refer to the link for ADB Competency Framework for International Staff level 1.
Selection Process
Shortlisted applicants may be invited for a virtual preliminary interview. If successful, you will be invited for an in-person panel interview, written assessment, and technical presentation in Manila, Philippines, in January 2024.
Application Checklist
Upload the following documents in the “Attachments” section of your application:
1. Curriculum vitae (CV)
2. Most recent university transcript
Benefits
ADB offers a great compensation and benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.
• Hybrid work arrangements
• 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)
General Considerations
The selected candidate is appointed for an initial term of 3 years.
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.
Additional Information
Effective 1 September 2023, the term "Standard Fixed Term Appointment" is updated to "Fixed Term Appointment with Option to Regularize."
This change does not involve any modifications to the appointment terms.
