As a Principal Financial Sector Specialist, you will: support regional financial cooperation and integration, particularly of the Association of Southeast Asian Nations (ASEAN) and ASEAN plus the People’s Republic of China, Japan, and the Republic of Korea, known as ASEAN+3; work as the secretariat of the ASEAN+3 Asian Bond Markets Initiative (ABMI) and closely coordinate with the ministries of finance, the central banks, and financial regulators of ASEAN+3; support the ASEAN financial integration through capacity building of financial regulators and central banks; support the discussions under the ASEAN Capital Market Forum (ACMF) to develop ASEAN capital markets; collaborate with the Asia Pacific Financial Forum (APFF) under the Asia-Pacific Economic Cooperation (APEC) to foster regional financial cooperation; collaborate with the Executives’ Meeting of East Asia-Pacific Central Banks (EMEAP) for regional financial stability; strengthen the financial sector, especially capital markets and sustainable finance, of developing member countries (DMCs); strengthen ADB’s role as a knowledge provider, mainly for financial sector development and financial stability; strengthen the institutional capacity of DMCs, especially of the central banks and financial regulators; promote and share knowledge across the institution; and support operations of the Finance Sector in the Sectors Group and Private Sector Operations Department (PSOD) for financial sector development and regional cooperation. Taking a leadership role within the Financial Cooperation and Integration (FCI) team, the position encompasses working with complex policy issues and guiding others in resolving complex problems through policy discussions with relevant financial authorities.

You will:

Leadership and Strategic Management

• Lead the FCI team in ERDI to support regional financial cooperation and integration of the Association of Southeast Asian Nations (ASEAN) and ASEAN plus the People’s Republic of China, Japan, and the Republic of Korea, known as ASEAN+3, by supporting the development of regional bond markets, sustainable finance ecosystem, payment and settlement systems, and key market infrastructures to promote intraregional financial transactions in local currencies.
• As the secretariat of the ASEAN+3 Asian Bond Market Initiative (ABMI), initiate and manage regional discussions, complete action plans agreed under the ABMI Mid-term Road Map, and promote standardization and harmonization of the ASEAN+3 financial markets through the ASEAN+3 Bond Market Forum (ABMF) and Cross-Border Settlement Infrastructure Forum (CSIF) and the other programs agreed by the ASEAN+3 member economies.
• Lead capacity-building discussions under the Steering Committee for Capacity Building Initiatives to Support ASEAN Financial Integration (SCCB) as the co-chair of SCCB and closely coordinate with the ASEAN central banks and financial supervisors to provide capacity-building strategically and effectively to strengthen the regional financial systems and financial stability through regional dialogue and collaboration.
• Closely follow the global financial regulatory discussions under the Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructures (CPMI), the International Organization of Securities Commissions (IOSCO), the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), the Financial Action Taskforce (FATF), International Financial Consumer Protection Organization (FinCoNet) as well as other financial regulators communities, and join their discussions to present a voice of DMCs and support DMC’s implementation of global standards.
• Collaborate closely with the International Accounting Standards Board (IASB) and other independent, private-sector international standard-setting bodies, such as the eXtensible Business Reporting Language (XBRL) International, the International Organization for Standardization (ISO), and the Global Legal Entity Identifier Foundation (GLEIF), to support the development of sustainable finance through improved disclosures and digital transformation of financial sectors in DMCs.
• Provide input in the preparation and implementation of the FCI team’s work plan in close coordination with government counterparts, other ERDI divisions, and other headquarters (HQ) departments and offices.

Project Management

• Lead the preparation and implementation of Technical Assistance (TAs) to advance financial sector development and support financial cooperation and integration initiatives of ASEAN, ASEAN+3, and APEC.
• Coordinate closely with relevant financial authorities in the DMCs, regional departments (RDs), and the Finance Sector office to implement capacity-building and provide technical advice and support for financial sector development as well as regional financial cooperation and integration initiatives.

Knowledge Sharing

• Promote information sharing and dissemination through AsianBondsOnline (ABO) to facilitate ASEAN+3 financial market development and share expertise gained through the work of ASEAN+3 ABMI with DMCs in other regions.
• Strengthen the institutional capacity of DMCs, work with the ministries of finance, central banks, and financial regulators to enhance their ability to address financial sector issues and facilitate cooperation on financial sector development among countries within the ASEAN+3 region and beyond.
• Participate in and support financial sector programs and projects, particularly those related to financial and capital market development and integration.

Regional Cooperation

• Support various activities under ADB-supported financial and regional/sub-regional economic cooperation programs and provide inputs for the ASEAN and ASEAN+3 Finance Ministers processes and associated meetings.

Staff Supervision

• Create and lead multi-disciplinary teams and ensure the overall quality of their work.
• Manage the performance of teams and individuals, provide clear direction and advice to meet the goals set by a work plan, and regularly monitor and provide feedback on performance.
• Provide coaching and mentoring to the team and individuals and ensure their ongoing learning and development.

Qualifications

You will need:

• Masters degree or above in Economics, Finance, Public Management, or related fields
• Professional qualifications in the market and financial analytic skills, such as Chartered Financial Analyst (CFA), Certified Market Analyst (CMA), Certified International Investment Analyst (CIIA), and Chartered Professional Accountant (CPA), are highly desirable.
• At least 12 years of professional experience in central banking, financial and capital market regulations, and payment and settlement systems, with international experience working in several countries.
• Experience in chairpersonship in global and regional financial regulators’ meetings and forums, such as FSB, BCBS, IOSCO, CPMI, FATF, FinCoNet, EMEAP, APEC, and other regulatory forums, to manage various policy discussions and coordinate different opinions among different countries, which proves interpersonal, cross-cultural, and negotiating skills, with the ability to effectively liaise with senior financial regulators and central bank officials.
• Experience in global standard-setting discussions, especially in the area of International Financial Reporting Standards (IFRS) and technical standards under ISO, to support the technical implementation of the standards in various jurisdictions.
• Deep understanding of the legal framework, financial regulations, and market practices in capital markets, banking, and payment and settlement systems in Asia, which can be demonstrated through a comparative institutional analysis with Europe and the United States.
• Written and verbal proficiency in English.