Overview
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.
The position is assigned in the Treasury Services Division (TDTS) within the Treasury Department (TD). TD performs a strategic role in efficiently planning, mobilizing, and managing ADB’s finances, with the view of protecting ADB’s solid financial standing to enable ADB to deliver on its developmental goals. TD defines ADB’s asset and liability management policies on liquidity income management, currency management, and loan pricing. It coordinates increases in ADB’s general capital and raises funds in capital markets. TD also manages ADB’s investment portfolio to ensure that ADB’s liquidity requirements are met at all times.
To ensure the timely delivery of ADB’s operational and financial commitments, TDTS performs a wide array of services that aim to strategically plan and manage ADB's finances, and efficiently mobilize funds required for ADB’s operations.
Job Purpose
The Treasury Administrator is responsible for providing analytical and technical support in: (i) managing ADB’s global banking relationships; (ii) supervising all areas related to bank account administration; and, (iii) performing cash management, database management, and system functions.
The incumbent will report to designated International Staff and senior National Staff.
Responsibilities
Banking Relationships (Opening, Maintenance and Closing of Bank Accounts)
Ensures that requests for opening or closing of new accounts from users are duly authorized and appropriately documented.
Evaluates requests in terms of viability (e.g., market/government regulations, eligibility), purpose or objective and time frame.
Conducts comparative analysis by collecting information from various banks such as credit ratings, financial profile, fees, services, regional presence, ease of documentation and recommends suitable bank account.
Reviews Master Agreements, Terms and Conditions, and other documentations governing the bank accounts; provides inputs on business and legal provisions for further comments by relevant units and legal counsel from the Office of General Counsel ; and organizes all comments for easy monitoring.
Negotiates fees and interests and all pending provisions; prepares documents for sign off and other requirements for submission; verifies SWIFT messages related to opening and closing of accounts.
Monitors status of bank accounts – credit ratings, service, and usage.
Coordinates with all internal/external stakeholders regarding closing of bank accounts to ensure there are no unreconciled items and settlement instructions are conveyed timely.
Ensures that all important documents are preserved/archived.
Bank Account Maintenance
Ensures accurate encoding of bank account information in various IT systems (iFIRST, Oracle, Partner Fund Management System (PFMS), LOAN IQ and SWIFT RMA) and ensures changes are updated promptly.Maintains databases and important documents of all depository banks per bank account, including evidences of updates (e-mail exchanges, SWIFT advice, and approval letters).
Maintains account information and contact lists of all depository banks and compiles these in a common repository.
Ensures bank statements are sent by banks in a timely manner.
Negotiates banks with online or internet banking systems; reviews related documentation, coordinates user training, and other terms.
Bank Account Management (Relationship/Coordination)
Liaises with various user groups and banks to identify and resolve any account-related issues, and actively manages relationship with depository banks through calls, meetings, etc.
Periodically reviews overall relationships with depository banks and maintains records of such analysis.
Prepares briefing or meeting notes per bank, which includes all data about the bank, minutes of meetings, and pending issues.
Periodically reviews interest rates and fees to ensure these are in accordance with terms and conditions, and aligned with prevailing market rates.
Ensures ADB Authorized Signature Book is updated and dispatched to relevant depository and counterparty banks
Cash Management/ /and Operations Support
Prepares Management Information System (MIS) for major bank accounts (e.g., balances, and volume) for cash management guidelines/reference.
Carries out funding related functions for debt service requirements and other operational requirements, including coordination and initiation of fund transfers.
Supervises the sending of Standard Settlement Instructions as requested by requesting units (Investments Services Unit and Bond and Derivative Management Unit).
Supports banking needs of resident missions/offices; Credit Guarantee and Investment Facility (CGIF) and ASEAN Infrastucture Fund (AIF).
Supports operational requirements of various business units, particularly those requiring escalation and issue resolution.
Participates in the development and maintenance of the work area's computer database and reporting systems.
Works on projects to streamline and improve account management.
Others
Performs any other duties as may be required and reflected in the incumbent’s workplan.
Relevant Experience & Requirements
Bachelor’s degree in accounting, finance, business administration or other related disciplines At least 5 years of relevant professional experience, preferably in management of bank relationships Excellent written and verbal communication skills in English Solid knowledge of international payment systems, foreign currencies/ international financial instruments and related transaction processes, international banking practices and regulatory environment, and local regulations and banking landscape Adequate knowledge of treasury operations (payments processing and collection of funds), investment operations (money placements, currency yield and withdrawals) and funding operations (swap arrangements, borrowings and redemptions) Understanding of the interactions between Treasury and other work areas Solid numerical ability; attention to details Proficient with specialized Treasury-related software; proficient in use of computer databases to input and extract information, and to generate standard and ad hoc reports Solid interpersonal skills Proven ability to work independently and set own work priorities; resourceful and innovative. Please refer to the link for ADB Competency Framework for Administrative Staff Level 7.General Considerations
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.
This vacancy is archived.