The Treasury/Senior Treasury Specialist will: (i) analyze and evaluate derivatives and associated valuation adjustments related to intermediation charges and collateral; (ii) analyze valuation of borrowings and swaps and impact on unrealized losses and gains as reported in the Financial Statements; (iii) analyze and assess the costs associated with asset and liability management (ALM)-related transactions; (iv) monitor, evaluate and execute funding opportunities in various capital markets with particular focus on derivatives and with a view to raising cost efficient funds as part of the ADB’s annual borrowing program; (iv) formulate funding strategy and lead the execution of individual borrowings and swaps, including public offerings, structured private placements and retail-targeted transactions; (v) work with both external (e.g., underwriters, rating agencies, regulators, external auditors) and internal parties such as the Department of Communications (DOC), Office of the Auditor General (OAG), Office of the General Counsel (OGC), Office of Risk Management Unit (ORM), Controller’s Department (CTL), and other relevant departments to ensure all requirements relating to individual bond issues and derivatives transactions are completed in a timely and effective manner; (vi) maintain relations with external stakeholders such as credit rating agencies, underwriters, investors, governments and regulators to facilitate the achievement of the borrowing program objectives; and (vii) undertake relevant London Inter-Bank Offered Rate (LIBOR) transition- related tasks and deliverables identified by the Alternative Reference Working Group and Project Management team.
The incumbent will report to Assistant Treasurer, TDFD and will supervise National Staff and Administrative Staff.
Duties and Responsibilities
- Monitors funding opportunities in various bond markets, including the execution of borrowings and swaps, and ensures that cost-efficiencies and strategic objectives achievable in those markets are consistent with ADB’s borrowing program.
- Leads the review, negotiation, execution and finalization of funding transactions with underwriters, ensuring that the terms and conditions of the borrowing and swap transactions are accurate and consistent with ADB’s policies.
- Analyzes and assesses the costs associated with ALM-related transactions.
- Formulates execution strategy for execution of ALM-related hedging.
- Coordinates closely with internal ADB departments to facilitate major currency operations including reviewing of new structures and markets and ensuring compliance with ADB policies.
- Grows and expands ADB’s thematic bond program, coordinates preparation of annual reporting, tracking of eligible projects and other product specific requirements; monitors regulatory developments for Environmental, Social, and Corporate Governance (ESG) issuance and impact on ADB’s reporting requirements.
- Leads the preparation of various borrowing and TDFD-related documents, including those requiring Management approval and intended for Board information, ensuring that the rationale for undertaking such transactions are communicated clearly and thoroughly.
- Leads, coordinates and facilitates the documentation of borrowings and swap transactions, with internal (e.g. OGC, ORM, OAG, CTL) and external parties, such as external auditors, rating agencies, underwriters and swap counterparties, ensuring timely and accurate completion of such documents.
- Cultivates and maintains relationships with banks, regulators and other market participants to ensure proactive and comprehensive coverage across various markets and products.
- Monitors, analyzes and executes liability management transactions, such as buying back ADB’s bonds that generate cost savings for ADB as well as provide liquidity for ADB’s bonds in the secondary market, ensuring that such transactions are appropriately priced and settled.
- Undertakes investor roadshows to develop and maintain relationships with key institutional and retail investors by regularly educating and updating them about ADB and its activities, ensuring that presentations are constructive, relevant and comprehensive.
- Contributes to regular reports, such as the Treasury Quarterly Report, Borrowing Program papers.
- Facilitates and coordinates the annual reviews by credit rating agencies and assists in the review of the relevant reports to ensure that these are accurate and appropriate.
- Provides leadership and support to reporting staff.
- Supervises the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
- Ensures the ongoing learning and development of reporting staff.
Education, Qualifications & Experience
- Master's Degree, or equivalent, in Finance, Economics, Accounting, or related fields; or University degree in Finance, Economics, Accounting, or related fields combined with at least 5 years of specialized experience in similar organization/s, may be considered in lieu of a Master’s degree.
- At least 8 years of relevant professional experience
- Excellent written and verbal communication skills in English
- International experience working in several countries
- Please refer to the links for ADB Competency Framework for International Staff Level 4 and International Staff Level 5.
Terms of Appointment
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 the qualifications of the selected candidate.
How to Apply
To apply for this position, please ensure you complete the Application Form provided below by 05 December 2023. It is essential that you submit your CV in English, specifically in Microsoft Word format (.doc/.docx).
Applications in other languages or formats will not be considered.
Rest assured, all information will be handled with the utmost confidentiality.
SRI Executive is exclusively retained by the Asian Development Bank to undertake this assignment.