This is a re-advertisement. Applications received from previous posting will be considered together with applications received in response to advertisement.
Previous applicants need not apply.
Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions.
Applicants are expected to disclose if they have any relative / s by consanguinity / blood, by adoption and / or by affinity / marriage presently employed in ADB.
1 Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle
Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date.
Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.
O. 2.03, paragraphs 5.8 and 5.9).
In the event that the staff appointed to a new category (i.e. AS to NS or from NS to IS) is rated at 2 or lower in the first performance review after staff has completed at least one full year in the new level, they will return to the level occupied immediately prior to their appointment in the new position.
Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 67 members, 48 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 67 members.
The position is assigned in the Private Sector Transaction Support Division (PSTS) within the Private Sector Operations Department (PSOD).
3) environmental and social safeguards; and 4) technical assistance. PSOD provides investment capital to private sector entrepreneurs, corporates and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia.
We catalyze, structure, and fund investments in privately held and state-sponsored companies across a wide range of industry sectors.
Our emphasis is on commercially viable transactions that generate financial returns while also delivering on ADB's organization-
wide mission to promote environmentally sustainable and inclusive economic growth. PSOD is looking for exceptional project and corporate financiers or developers able to identify, structure and close innovative, developmentally and financially robust debt, equity and guarantee transactions.
To learn more about PSOD, watch our video on Working with ADB on Private Sector Financing .
To view ADB Organizational Chart, please click here.
The Transaction Support Specialist (Integrity) is a key role within the Integrity Due Diligence (IDD) team. The team is comprised of three international staff, one national officer, one analyst and approximately 20 consultants.
The role will work with the PSOD deal teams in identifying the ownership structure of each transaction together with any related party associations.
From there the role is expected to provide technical expertise in conducting integrity and tax due diligence with the support of other team members.
A final risk assessment together with any possible mitigating actions is then prepared and issued to the deal teams.
The IDD team also assists the Private Sector Portfolio Management (PSPM) teams with annual integrity updates on PSOD's portfolio and in addition supports the trade and supply chain finance and microfinance teams on IDD matters.
The role requires knowledge of private equity structures, all types of business entities, rules and financial regulations of different jurisdictions and a strong working knowledge of current initiatives of FATF and FATCA, AML and CTF rulings and the Global Forum on Tax Transparency.
In addition, knowledge of tax rulings and initiatives of the OECD and the EU and their application to private equity structures is also required.
This is a hands-on role and the position will be expected to have an understanding of complex private equity structures and be able to identify risks as well as providing recommendations and solutions on how to mitigate those risks.
The incumbent will report to Director PSTS and will supervise national and administrative staff and / or consultants.
a. Integrity and Tax Due Diligence
b. Corporate Governance Due Diligence
c. Coordination and Strategic Support
d. Knowledge Sharing
e. Staff Supervision
Relevant Experience & Requirements
The selected candidate is appointed for an initial term of three (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.