Asian Development Bank
Asian Development Bank China China
3 months ago
ADB has an ongoing organizational review 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 organizational review.
This position is for outposting to People's Republic of China Resident Mission and is open to internal and external applicants. If the successful candidate is an external candidate, he/she may initially be based in HQ prior to be outposted. If the successful candidate is an internal candidate, the outposting will be immediate.
This vacancy is a local staff position. It is open only to nationals and residents of People's Republic of China.
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.
The position is outposted to the People’s Republic of China Resident Mission (PRCM) and assigned in the Portfolio Management Division (PSPM) within the Private Sector Operations Department (PSOD). PSPM is accountable for the pro-active management, reporting and review of ADB’s growing portfolio of private sector loan, equity and guarantee transactions, including managing client relationships.
PSOD provides investment capital to private sector entrepreneurs, corporates and project sponsors, as well as financial intermediaries, such as banks, throughout developing Asia. It catalyzes, structures, and funds investments in privately held and state-sponsored companies across a wide range of industry sectors. Its 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. To learn more about PSOD, watch this video.
The Investment Specialist will be working directly with clients, taking responsibility for a number of designated accounts within PSPM’s overall portfolio of debt, guarantees and other investments in infrastructure projects, corporates, and financial institutions in developing Asia. The incumbent will contribute to the build-out and development of a “best in class” asset and portfolio management function. The incumbent will report to Team Leader, PSPM.
Geographic and transaction focus: ADB has an active and growing private sector portfolio in East Asia, across energy, utilities, agriculture and healthcare sectors. The role also requires close collaboration and knowledge sharing with PRCM colleagues in a wide range of ADB initiatives.
a. Management of Key Accounts
• Assumes primary account responsibility and relationship responsibility for assigned key accounts; and
• Reviews and/or approves covenant compliance reports, waivers and amendments, annual reviews, ratings, and other documents in connection with primary or secondary account relationships.
b. Portfolio Management
• Oversees the monitoring of the financial health and development impact of the assigned portfolio, ensuring that key issues like portfolio and prudential exposure limits are considered and strategic objectives are attained;
• Monitors periodic review and progress reporting of project implementation, compliance with financial covenants, compliance with environmental and social safeguards standards;
• Monitors payment of fees, loan servicing, receipt of income/dividends from equity investment and equity divestment;
• Monitors the tools being used for financial analysis, risk evaluation and review, and measures to mitigate the identified risks;
• Monitors assigned portfolio in terms of composition, size, quality, concentration risk, diversification, credit quality migration, valuation movements, and other criteria;
• Ensures quality and consistency of reports and outgoing communications related to portfolio management;
• Contributes to active portfolio management through execution of risk defeasance strategies which include sell down, hedging, and other exit management measures;
• Assesses the impact of prospective new financings on existing portfolio;
• Oversees the quality of project records management system in ADB’s online document management system or other equivalent systems; and
• Identifies emerging risks and project implementation problems and leading the identification of action plans to mitigate against such risks and may be involved in restructuring, or workout activities. Raises key issues and apply proper risk management in projects.
c. Strategy and Planning
• Prepares and monitors annual portfolio management plans;
• Leads and oversees the development of a sound portfolio management strategy;
• Designs tools, instruments and models to optimize PSOD’s portfolio or a specific component of the portfolio, and executing its optimization strategy effectively;
• Leads, supervises and participates in a number of initiatives and change projects; and
• Supports a wide range of initiatives at PRCM, including participation in cross functional meetings, knowledge sharing sessions, and strategic initiatives.
d. Knowledge Center for Governance, Risk Advisory, and Development Impact
• Leads and oversees the coordination and expansion of existing and future programs introducing international best practices at investee companies with regard to corporate governance, credit procedures, risk management, internal controls, and other initiatives;
• Measures expected development, environmental and social safeguard outcomes in existing and proposed interventions in close liaison with the Private Sector Transaction Support team (PSTS); and
• Leads and manages the portfolio review, credit reviews and extended annual review reports (XARRs) of the portfolio.
e. External Liaison and Knowledge Sharing
• Facilitates active relationships with financial intermediaries in the region, institutional investors and other commercial partners;
• Maintains and shares knowledge of emerging best practices in project/corporate financing, corporate social responsibility, and overall investment management; and
• Analyses and reports on market and investment trends.
• Represents PSPM within ADB and manage relationship with PSPMs stakeholders within the bank
• Participates and contributes to internal and external training and conferences and other activities for advocacy, dissemination, and knowledge building.
Relevant Experience & Requirements
• A University degree in business administration, finance or related fields, preferably at post-graduate level or its equivalent
• At least 6 years of relevant professional experience in commercial financial institutions, including hands-on experience in project administration as well as experience in structuring and processing loans, guarantees and other debt instruments for projects and corporates, analyzing credit risks, syndicating financial transactions, and related banking activities; with international experience working in several countries
• Good understanding of how to conduct advanced credit analysis in respect of project and corporate finance transactions;
• Experience in risk management, including rating methodologies, risk categories (market risk, credit risk, operational risk), etc.
• Extensive knowledge and understanding of loan, investment and credit products, including underwriting, pricing, servicing, accounting, exiting, etc. and with particular experience in developing markets
• Ability to lead negotiations with borrowers, existing and prospective shareholders, sponsors, co-lenders and co-investors
• Experience in dealing with distressed assets will be an advantage
• Strong analytical and structuring capabilities
• Ability to multitask
• Excellent oral and written communication skills in both English and Chinese, in particular strong ability in business writing
• International experience working in development finance in several countries will be an advantage. Candidates with prior experience of handling clients and transactions in the PRC and in Mongolia would be preferred.
• Please refer to the link for ADB Competency Framework for International Staff Level IS3.
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
Investment Specialist / 230052 China jobs
Copyright © 2023 Fonolive. All rights reserved.