Assistant Treasurer

Asian Development Bank, Mandaluyong, Philippines

Skill Required:, Finance and AccountsIT and ICT
Preferred Experience: 
Above 10 Years
Closing Date for Applications: 
5th October, 2020

Job Description


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.

Job Purpose

The Assistant Treasurer is responsible for planning, managing and directing the Division’s work program, and accountable for people management, productivity and quality of work outputs, and optimum utilization of available budget resources to support overall operations of TDTS. The position is responsible for managing the following operations: (i) cash management, (ii) correspondent banking management, (iii) cash projection, (iv) cash reconciliations, (v) disbursements and payments, (vi) collections, (vii) post-trade operations of capital market activities and (ix) capital subscription and contribution management, as well as managing process automation, related IT projects, and organizational resilience initiative for the department. The Assistant Treasurer works within a broad concept and framework to define own scope and objectives and activities, applying a high level of freedom in selecting appropriate methods and approaches.

The incumbent will report to the Treasurer and will supervise International, National, and Administrative Staff.


Leadership and Strategic Management

  • Establishes and cascades the division’s vision, goals, development strategies, and key results areas (KRAs) in support of ADB’s goals, department goals and in compliance with relevant ADB policies and governance frameworks.
  • Provides leadership in planning and supervision of work plans and monitoring internal controls in the treasury services operations.

Treasury Services Operations

  • Ensures efficient operational cash management, under the Asset Liability Management (ALM) Framework, to support ADB’s operational and corporate needs.
  • Manages a network of correspondent banks to ensure efficient and competitive services to support ADB’s banking requirements such as local currency operations, capital market settlements, resident missions, non-sovereign operations, and other corporate requirements.
  • Manages medium-term cash forecasting for key portfolios to support funding and investment decisions.
  • Ensures availability of currencies, accuracy and timeliness in disbursement of funds for ADB operations (loans, guarantees, investments, technical assistance) and corporate expenses.
  • Manages post-trade operations for capital market transactions, including settlement of ADB investment and FX transactions, derivatives, and debt service payments, including through cash reconciliation.
  • Ensures the timely and accurate recording of funds collection including loan service payments/ prepayments, borrowing proceeds, capital subscriptions, encashment of the Asian Development Fund (ADF) notes, fund contributions, and miscellaneous receipts.

Organizational Resilience and Business Process Transformation

  • Drives the planning and implementation of organizational resilience framework for TD to to align TD’s level of resilience with ADB’s framework and needs.
  • Works with Office of Administrative Services (OAS) and ITD, on the organizational resilience framework and integrated disaster recovery tests relating to ADB’s critical processes as part of the business continuity management plan.
  • Enhances efficiency of business processes through the use of optimal technology.

Operations Management

  • Oversees the effective day-to-day operations and provides guidance on operational issues and ADB policies.
  • Informs and provides recommendations to the Treasurer of significant developments, emerging opportunities and challenges in areas of responsibility.
  • Facilitates effective coordination and cooperation with other ADB departments and internal stakeholders.
  • Manages budget and resource allocation for the division.
  • Supports ADB’s governance and control framework such as ICFR, operational risk management assessment.

Staff Supervision

  • Creates and leads multidisciplinary teams and ensures the overall quality of its work and high level of staff engagement.
  • Manages the performance of teams and individuals, providing clear direction and regular monitoring and feedback on performance.
  • Provides coaching and mentoring to team and individuals and ensures their on-going learning and development.


Relevant Experience & Requirements

  • Master’s degree or equivalent; University degree in Accounting, Finance, Economics, Business Administration or related discipline, and at least 10 years ADB work experience
  • Minimum of 15 years of relevant experience in banking, and/or treasury management
  • Good understanding of the structure and functioning of global capital, money, and foreign exchange markets, treasury systems, treasury operations, and/or business process management of financial institutions.
  • Excellent written and verbal communication skills in English is required
  • Proven ability to plan, including ability to develop a longer term vision of possible business strategy, or process modernization and their impact on the business, staffing and other resource requirements
  • Demonstrated leadership qualities and ability to lead a large team of staff
  • Good interpersonal skills and demonstrated ability to work as a team member
  • Excellent analytical skills
  • Familiarity with relevant IT systems related to enterprise and treasury operations such as Oracle Enterprise system, Summit Misys, Intellimatch, and emerging technology trend such as AI, data analytics, robotic, and distributed ledger technology
  • International experience working in several countries
  • Please refer to the link for ADB Competency Framework for Managers Levels 7-8


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