Model Risk Management Specialist

Join Our Mission to Foster Prosperity in Asia. Are you ready to make 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.

The position is assigned to the Office of Markets Development and Public-Private Partnership (OMDP). You will be based at our Headquarters in Manila, Philippines. You will report to the Vice-President, Market Solutions (VPMS) and will oversee Managerial and Technical Staff.

The position title on appointment is "Head". As the Head of the Office of Markets Development and Public-Private Partnership (OMDP), you will lead the planning, operations, and administration to assist ADB's developing member countries (DMCs) in attracting greater private investment and fostering dynamic private-sector led growth across Asia and the Pacific.

Your role will include overseeing the quality of work and ensuring the achievement of OMDP's goals. You will manage both external and internal relations, coordinate with partners, and lead knowledge management activities. Additionally, you will address market development advisory-related challenges with creative solutions, anticipate resource requirements, and allocate budgets and human resources.

Furthermore, you will guide market development advisory specialists in the development, structuring, and delivery of advisory and project preparation services across multiple sectors and countries.

a. Leadership and Strategic Management

• Create a new Public–Private Partnership Operational Plan towards 2030 and facilitate OMDP's long-term strategy.
• Deliver new market development advisory-related products and operations for governments in ADB's DMCs, project sponsors, and financial institutions.
• Deliver advisory support midstream by aligning upstream actions and private sector operations downstream.
• Develop OMDP work plans and monitor the quality of output, the achievement of market development advisory-related long-term goals and annual goals for the ADB.
• Accommodate efficient market development advisory operational processes with the relevant departments.
• Promote the OMDP's knowledge management activities.
• Manage the full range of human resources ensuring a balanced representation of genders and a diverse workforce.

b. External Relations and Coordination

• Oversee relationship management with governments, development partners such as other multilateral development banks (MDBs), civil society, and private sector entities within your responsibilities.
• Facilitate business matching opportunities between public and private parties to explore and deliver advisory and project preparation services.

c. Internal Relations and Coordination

• Integrate OMDP actions with Private Sector Development efforts by ADB regional departments and the Private Sector Operations Department (PSOD).
• Oversee relationship management and coordination with the Executive Board, Senior Management and other departments.
• Inform Senior Management of developments, latest opportunities and challenges, and provide recommendations.

d. Department Operations Management

• Facilitate coordination and cooperation with other ADB departments and teams.
• Manage the budget, resource allocation and use for the OMDP.

e. Staff Supervision

• Lead diverse teams.
• Oversee the performance of OMDP staff by providing clear guidance, regular monitoring, and constructive feedback.
• Mentor OMDP staff and support their learning and development.

f. Advisory and project preparation services

• Lead and implement transaction advisory services (TAS) for public and private partners, assisting them in structuring their individual advisory and project preparation services in DMCs.
• Manage co-advisory operations in collaboration with commercial and investment banks, and DMC governmental financial institutions.
• Lead and implement the annual update of the PPP Monitor, incorporating market feedback from private sector partners, and reflecting its findings in market development advisory policy dialogues with DMC governments.

You will need:

• Master's degree, or equivalent, in one or more development-related disciplines or related fields; or University degree in one or more development-related disciplines or related fields, combined with at least 10 years specialized experience relevant to the position in similar organization/s, may be considered in lieu of a Master's degree.
• At least 15 years of relevant professional experience developing or financing infrastructure projects including PPP transactions.
• Experience structuring project finance transactions or providing TAS in several sectors and countries with actual negotiation and coordination among stakeholders.
• In-depth knowledge about advisory and project preparation services.
• Substantial due diligence capability for market development advisory Network with financial communities including other MDBs, bilateral agencies, investment/commercial banks, and institutional investors.
• Network with PPP stakeholders such as governments, municipalities, and state-owned enterprises in DMCs, and project sponsors, operators, and EPC contractors.
• International experience working in several countries.
• Please refer to the link for ADB Competency Framework for Managerial Staff grade M2.

ADB offers a comprehensive benefits package. The salary will be based on ADB's standards and comparator markets, taking into account your qualifications and experience.

• 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.

This Job Description may evolve with the implementation of organizational reforms. By proceeding with your application, you acknowledge and accept the possibility of such changes.

This is a fixed-term appointment for a managerial position, initially for a period of three (3) years, following para. 3.1(a) of Administrative Order No. 2.01 (Recruitment and Appointment). After the initial fixed-term period, ADB may choose to renew the appointment for up to an additional three years or allow it to expire. This decision will be made in the overall interest of ADB, based on factors including, but not limited to, ADB's medium to long-term plans for the unit, the relevance of the staff's skills to those plans, and the staff's managerial and behavioral competencies.

There is no limit on the number of renewals up to the Normal Retirement Date. However, this appointment is not convertible to a regular appointment.

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 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 our Strategy 2030.

ADB only hires nationals of its 69 members. To view ADB Organizational Chart, please click here. ADB wants 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. Visit ADB Careers FAQ for more information.