Senior Financial Sector Specialist

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Description

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As a Senior Financial Sector Specialist (Insurance), you are expected to oversee the formulation and articulation of finance sector policy and strategies, engaging Developing Member Country (DMC) governments in policy dialogue, conducting ADB’s activities to support finance sector policy and reforms, lead and support financial sector operations, engage in knowledge production and dissemination, and undertake other tasks in the regions.

Responsibilities

• Oversee and support the development of strategies for the finance sector in DMCs, covering the areas of contractual savings and insurance in consultation with FIN team members, relevant government agencies, and Resident Missions (RMs).
• Lead and coordinate across ADB, especially with the Private Sector Operations Department (PSOD), to achieve a “one ADB” approach to incorporating global best practices and new innovations in finance sector development.
• Serve as the focal point for the Sector, leading coordination with other departments and offices on operational reviews, evaluations, strategic and procedural issues, development coordination, and other activities.
• Maintain communications with and represent the Financial Sector in meetings with senior-level government staff within the finance sector.
• Propose, develop, oversee, supervise, and support innovative projects and TAs supporting insurance sector and contractual savings markets development and related operations on private sector development.
• Lead and support work to explore global best practices and new innovations in the finance sector with a focus on insurance and contractual savings.
• Develop and implement insurance and pensions sector development strategies in accordance with international standards to diversify the financial sector and ensuring long term financial stability and resilience against financial shocks.
• Enhance insurance offerings by integrating disaster risk assessments using enhanced risk modeling data to reduce the protection gap.
• Design innovative insurance products, pilot them for scale-up, and utilize digital technology (Insurtech).
• Lead and support knowledge production and dissemination.
• Support the preparation of Country Partnership Strategies (CPSs) and Country Operations Business Plans (COBPs), as needed.
• Analyze and assess the financial performance of insurance companies and their investment portfolios, focusing on linking savings with capital market development and crowding in long-term funds for investments in resilient infrastructure.
• Participate in external conferences and events and serve as a liaison to industry standard-setting bodies.
• Perform other duties as may be assigned and reflected in staff’s workplan.

You will need:

• Master’s Degree, or equivalent, in Finance, Economics, or related fields; or University degree and at least 5 years specialized experience relevant to the position can be considered
• At least 10 years of relevant professional experience in finance sector development, preferably with a multilateral bank, with good knowledge of the Asia Pacific region and international experience working in several countries.
• Experience in merging areas of finance, such as sustainable development and/or contractual savings.
• Ability to steer ideas and projects to improve linkages between finance sector development, investment, and financial inclusion.
• Expertise with recognized ability to lead projects and to share knowledge to benefit the broader ADB community.
• Ability to perform effectively as a mission leader or team leader; proficiency in supervision, coordination, and planning responsibilities over multi-disciplinary team/unit.
• Excellent oral and written communication skills in English.
• Excellent capabilities in relationship management, strong client and impact orientation, effective communication skills, strong problem solving and solution-oriented approaches, strong ability for collaboration and teamwork, and a high degree of responsiveness and reliability.

Source: https://www.adb.org/careers/250409

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