Financial Policy and Planning Division, Treasury Department
Closing date: 28 Jul 2011 , 5:00 p.m. (1700 Manila Time, 0900 GMT)
Job Purpose:
To be member of a team of Asset and Liability Management (ALM) professionals that safeguards ADB's financial strength. Draft financial policies, undertake financial analysis and report on various ALM matters for decision making by management and board members. Contribute to financial policy formulation as well as knowledge sharing on asset and liability management. Work with broad policies and objectives, working directly with clients, with supervision for critical tasks.
Expected Outcomes:
a. ALM Policies/Guidelines
- Prepare and/or contribute to Board papers on the Treasury Quarterly Reports, annual Borrowing Program, Income Allocation, and other related Treasury policy documents.
- Participate in the implementation and updating of ADB's financial policies and ALM practices; monitor trends and practices in the ALM discipline and ensure ADB's adherence to best practices.
- Undertake and/or contribute to the periodic review of ADB's loan pricing and fee structure and provide policy and analytical support for new financial products and lending rate calculation.
b. Financial Analysis
- Provide analysis related to financial policy and risk management issues.
- Provide advanced quantitative analytical work in projecting income, capital adequacy measures, risk parameters, etc. using complex financial models.
- Participate in analyzing and recommending the appropriate financial and operational assumptions, market forecast and scenarios to be used in financial projection and analysis.
- Identify discrepancies and/or excessive risk levels and propose solutions.
- Undertake financial studies and research on specific ALM issues such as loan savings/cancellation, Special Drawing Rights (SDR) disbursement of existing loans, choice of loan currency for new and existing loans, etc.
c. Financial Application System: Development, Maintenance and Enhancement
- Develop and enhance ALM and Financial Projection System models to better analyze net income projections, borrowing programs, and quarterly reports.
- Liaise with the Office of Information Systems and Technology (OIST) in the enhancement of existing information and analytical systems and in the implementation and development of new systems and applications, as required.
- Assist in reviewing source data pertaining to treasury risk positions to ensuretheir accuracy and consistency with internal rules and guidelines.
- Participate in analytical/programming assignments pertaining to financial modeling related to ALM.
d. ALM Operations and ALM Policy Reports/Records
- Provide analytical support to measure, monitor and supervise the currency risk, interest rate risk, and liquidity risk in OCR portfolios.
- Contribute inputs in operationalizing financial policies on ALM, liquidity policy, currency management, etc., and improve reporting tools for good ALM decisions.
- Analyze ALM attribution/dashboard, and recommend ALM actions as necessary.
- Provide analytical support for review of ADB-wide strategic and financial planning (i.e., resource positions, work program and budget framework, etc.)
e. Coordination/Liaison on Financial and ALM Issues
- Participate in working with business units to ensure ALM issues are appropriately monitored and dealt with and understand ADB's strategic and operational issues as well as client perspective for better financial policy formulation and ALM operations.
- Participate in discussions with the Office of Risk Management (ORM) in designing and updating ADB's capital adequacy framework.
- Contribute inputs for responding to questions raised by Management, donors and members of the Board on matters relating to OCR.
f. Knowledge Management
- Maintain current knowledge of market trends and regulatory requirements and review Treasury activities for compliance with ADB policies, regulatory guidelines, and department practices and procedures to ensure continuing compliance.
g. Staff Supervision
- Provide leadership and support to reporting staff.
- Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
- Ensure the on-going learning and development of reporting staff.
Educational Requirements:
Master's degree, or equivalent, in Finance, Business Administration, Accounting or related fields; or University degree in Finance, Business Administration, Accounting or related fields and at least 5 years ADB work experience.
A candidate who is a certified public accountant or a chartered financial analyst would be considered preferably.
Relevant Experience And Other Requirements:
- Suitability to undertake the responsibilities mentioned above at the required level
- At least 8 years of relevant professional experience in financial policy analysis, financial projection, investment management, resource mobilization, financial risk management and ALM
- Familiarity with strategic agenda, financial planning, and financial policy architecture of multilateral institutions
- Excellent conceptual skills and good presentation capabilities
- Ability to present written materials in an organized, logical, and succinct manner
- Ability to supervise and handle the preparation of computer-based simulation model
- Excellent oral and written communication skills in English
- International experience working in several countries
Core Competencies:
Application of Technical Knowledge and Skills
- Regularly shares knowledge on new international best practice trends in comparator situations.
- Proactively applies relevant international best practices to own work.
- Convinces others to adopt international best practice by explaining the situational relevance and benefits.
Client Orientation
- Helps colleagues work effectively with clients in different contexts and from diverse backgrounds and country situations.
- Adapts own approach and style when interacting with clients, as opposed to requiring them to adapt.
- Draws upon international best practice in exploring solutions with clients.
- Confirms the clients' understanding and agreement before progressing
Achieving Results and Problem Solving
- Draws on own and others' multi-country experience to identify viable courses of action when conducting analyses.
- Helps internal and external clients achieve quality results beyond presenting problems and precedent.
- Highlights possible solutions for project issues based on relevant multi-country and/or multi-client experience.
- Regularly contributes insights and experiences to colleagues in the Division to help them achieve quality results.
- Overcomes unexpected difficulties and challenges to produce desired outcomes.
Working Together
- Maintains collaborative relationships within the Department.
- Works effectively with diverse colleagues in own and other Divisions and Departments.
- Flexibly alters positions and adjusts previously stated points of view to support the group consensus.
- Follows through on team priorities in the absence of a team leader.
Communication and Knowledge Sharing
- Checks the audience's level of understanding and awareness of required follow up actions.
- Consistently seeks and addresses feedback on own performance.
- Creates knowledge products endorsed for wider distribution based on lessons and multi-country experience.
- Independently amends and clarifies messages and documents.
Innovation and Change
- Actively supports work improvement and/or organizational change by work and deed.
- Develops and adopts change plans to support Division initiatives on which one works.
- Considers current and future client needs in proposing ideas.
- Vocalizes early support for change.
- Recommends inputs to new policies, systems and processes in immediate work area
Immediate Reporting Relationships / Other Information:
The position reports to: Assistant Treasurer, Financial Policy and Planning Division (TDFP)
The following staff positions report to the Treasury Specialist:
National Staff and Administrative Staff
Moreinfo: http://www.adb.org/Employment/International/vacancy.asp?id=ADB-HR-11-0636
