Job Description

The Treasury Analyst (Bonds and Derivatives Management) provides: (i) critical technical, analytical, and operational support to the management of funding transactions which include trade capture of new borrowings and derivatives in the treasury system; pre-settlement confirmations and discrepancy resolution with Bond agents and swap counterparties; (ii) timely settlements processing of transactions denominated in various currencies including monitoring and coordination with agent banks and counterparties; (iii) management of early redemptions and buyback activities; (iv) analysis of potential new structures under the new product approval process; and (v) creation of product templates for complex structured trades. The incumbent acts as alternate trade reviewer and verifier of settlement documents for funding transactions in the treasury system. The incumbent will report to designated International Staff and senior National Staff. Responsibilities

• Analyzes the term sheets of new bonds and derivatives transactions issued under the various funding programs of ADB including loan-related swaps, basis swaps and other Asset and Liability Management (ALM)-related transactions. Ensures that trade details booked in the treasury system that flows to middle and back-office activities such as accounting, valuation, settlements, and reports are in accordance with the executed final terms and conditions of the trade including settlement details and procedures agreed between ADB and its paying agents and swap counterparties.
• Performs analysis of new products or structures as part of the New Product Approval process and evaluates the treasury system’s capability to handle these structures. Coordinates requirements for trade booking; recommends and evaluates any work around solutions. Coordinates test results with front office, risk management, and accounting for further analysis before structure may be traded.
• Builds and tests in the treasury system the product templates of complex structured trades which enables front office to trade in such structures.
• Undertakes trade maintenance; conducts review of reset advice from swap counterparties and bond calculation agents if in accordance with the terms and conditions set forth in the Bond’s Pricing Supplement or Swap Confirmation; ensures accurate rate fixings are captured in the trades; and settlement amounts are reflected correctly in trade cashflows, and settlement documents generated by the system.
• Supports ADB’s Euro Commercial Paper (ECP) program through creation of ECP definitions in the treasury system.
• Acts as back-up reviewer of new trade input or trade maintenance and as alternate verifier of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) documents and reviewer of payment confirmations in the treasury system.
• Responsible for timely settlement of bonds and derivatives transactions. Performs internal validations and pre-settlement confirmation activities; ensures all upcoming settlements are confirmed by the counterparties; coordinates early resolution of discrepancies in calculations of interest and redemption amounts; and ensures completeness of SWIFT settlement instructions.
• Monitors execution of time-bound payments and coordinates with remitting counterparties the expected delivery of payments and execution of payment instructions with ADB correspondent banks to avoid failed settlements and make timely payments to bondholders.
• Monitors potential early redemptions for the year; processes the early redemptions in the system; prepares notifications to paying agents and swap counterparties; informs internal parties for liquidity and liability management; and prepares early redemption forecast report. Ensures that notices to exercise call option on the swap and bond, including repurchase notice of buyback, are received, acknowledged, and acted upon promptly by the swap counterparty and paying agent.
• Analyzes queries or communications received from internal and external counterparties and responds to these promptly and accurately, escalating issues where applicable to speed up its resolution. Assists in providing funding related information for reports.
• Investigates settlement failures and discrepancies related to assigned trades and coordinates with counterparties the timely resolution of such issues as well as payment of interest claims for delayed or incomplete payments considering market practices and provisions specified in the International Swaps and Derivatives Association (ISDA) Master Agreement.
• Participates and provides technical and analytical support in the maintenance, upgrade and development of the treasury system; assists in evaluating current business processes; and coordinates recommended improvements to treasury system support team.
• Coordinates attestation and financial audit requirements and assists auditors during the audit cycle.
• Performs activities related to organizational resiliency such as participation in business continuity drills and internal assessments, and review/update of BC documents.
• Performs other functions that may be assigned and reflected in the incumbent’s workplan.

Qualifications

Relevant Experience & Requirements

• Bachelor’s degree in Banking, Finance, Business Administration or other related disciplines, preferably with advanced training in fixed income and derivatives.
• At least 5 years of relevant professional experience, preferably in the field of debt capital markets, bond and derivatives settlements, banking, financial accounting or treasury operations.
• Excellent written and verbal communication skills in English.
• Solid understanding of fixed income (plain vanilla, structured, ECP) and derivatives products [Swaps, Swaptions, Options, foreign exchange (FX)].
• Strong analytical and numerical abilities with clear attention to detail.
• Sound knowledge and full understanding of international payments systems and banking practices, bond and derivative markets conventions and new regulations affecting international capital markets.
• Familiarity with borrowing and swap documentation in line with ISDA Master Agreements and ISDA Definitions as well as with different SWIFT messages and processes in the primary issuance market.
• Familiarity with treasury systems used by multilateral development banks.
• Good knowledge of relevant Treasury and multilateral development banks policies, procedures, guidelines and reporting formats or similar approaches in multilateral development banks.
• With experience in business process improvements, system enhancements, and implementation of innovative solutions as a team leader or member.
• Relevant knowledge and understanding of risk management (operational risk, settlement risk, credit risk) and accounting practices.
• Ability to work collaboratively with teams as a constructive team member.
• Ability to work independently with given guidelines.
• Proven interpersonal skills.
• 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.