Chief Financial Officer(Base in Beijing)

Asian Infrastructure Investment Bank (AIIB) • Full-time • Washington DC-Baltimore Area, US • 2w ago

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

The purpose of an AIIB Chief is to effectively lead the Bank and its people. The Chief Financial Officer is also specifically responsible for providing strategic and technical leadership in financial and treasury management to ensure sustainable financial strength and steady growth in financial resources and to safeguard excellent credit ratings and financial health in support of AIIB’s overall mission.

Responsibilities:

Leadership and people management

Cultivate a culture of innovation by building trust and inspiring and developing all staff to build a lean, client-centric organization that delivers according to the Bank’s Corporate Strategy and its values
Lead staff in a collaborative spirit that fosters inter-departmental cooperation and builds a respectful, inclusive, and unified "one Bank" culture, and provide the mentorship and coaching required by directly-reporting Directors General to do the same
With other Executive Committee (ExCom) members, be jointly accountable for the corporate performance and successful execution of the Business Plan and Budget by proactively partnering with fellow ExCom members to identify and collectively address performance issues as they emerge
Attract, recruit, and retain the right talent for a rapidly growing Bank, with a focus on ensuring a rigorous approach to training, developing, and evaluating staff to foster the results-focused culture required of a fast-growing, lean organization.
Be accountable for improving employee engagement and motivation by role-modeling empathy, creativity, and a growth mindset in general duties as a leader and manager, particularly during the conceptualization and implementation of staff engagement action plans
Embody strong moral and ethical integrity in adhering to principles of honesty, fairness, and respect, and demonstrate unwavering commitment and dedication to advancing the Bank’s mission.
Be accountable for ensuring the consistent flow of information to staff in the group through regular written communication, team meetings, and town halls, among others.
Ensure a proactive, disciplined, and agile approach to engaging key internal stakeholders to facilitate effective cooperation and coordination across departments and between staff.

Responsibilities regarding management of the Bank

Serve as a member of the ExCom, which is the most senior management committee of the Bank with collective responsibility for the overall strategic direction and management of the Bank’s corporate performance and results
Work with other ExCom members, and ensure the quality, accuracy, and timeliness of the Bank’s financial, operational, management and client data
Serve as the Chair of Asset and Liability Management Committee (ALCO), which reviews and endorses all documents related to asset and liability management, discusses and recommends actions on important financial-management matters related to operations of the Treasury Department and Controller’s Department, reviews financial projections and planning, and reviews and discusses Treasury activities and performance and financial reports and statements of AIIB.
Serve as the Chair of the Retirement Plan Board (RPB), which is responsible for and authorized to make all decisions related to the overall administration and management of the Retirement Plan and Post-retirement Medical Benefits.
Serve as a member of the Investment Committee, which provides penultimate investment approval prior to Board or President final approval.
Serve as a member of the Risk Committee, which considers all key financial and operational risks.
Serve as a member of Strategic Information Technology Committee (SITC), which considers AIIB’s strategic approach to IT and related governance matters
Serve as a member of the Budget Committee, which prepares and monitors the implementation of the Bank's annual business plan and annual corporate budget.
Serve as a member of the Special Fund Committee, which monitors the implementation of Special Funds projects.

Specific portfolio responsibilities

Formulate and execute the Bank's financial strategy, ensuring alignment with its development objectives, operational targets, capital structure, and credit rating goals.
Provide strategic contribution to the development of long-term financial projection and to the budgeting process to maintain financial prudence and sound banking practice
Lead the development and implementation of financial and treasury policies and requirements
Oversee the Bank's financial reporting, internal control integrated framework, and oversight function, in line with international financial standards and sustainability requirement
Provide guidance to safeguard the financial resources of the Bank and provide input to nonfinance functions for relevant policy setting and cost control initiatives.
Provide overall leadership to ensure sound management of credit, market, counterparty, liquidity, and operations risk as a first line of defense.
Engage with the Board, including through the Audit and Risk Committee, on financial-related issues, providing information and analysis on trends and changes.
Build, strengthen, and maintain strategic dialogues with policymakers, regulators, credit rating agencies, market participants, external auditors, and peer multilateral development bank (MDB) networks.
Promote innovation and digital transformation within the finance function, including exploring new financial instruments, driving process efficiencies, and adopting advanced analytics, data-visualization, and automation tools.

General representation responsibilities

Represent the Bank and articulate its strategy and activities among external constituencies, stakeholders, and partners.
Lead collaboratively with fellow Senior Management and staff members to advance AIIB’s efforts to support closer partnerships with peer MDBs and development finance institutions, including by role-modeling strategic foresight, integrity, and humility.
Engage with members and the Board of Directors to ensure the integrity of and trust in the Bank’s governance structures, while addressing shareholder/client needs and their strategic infrastructure requirements and pipeline programming.
Engage in and promote policy dialogue on issues of strategic relevance to the Bank’s operations with appropriate shareholder authorities and other relevant stakeholders.

Requirements:

Minimum 20-25 years of experience in leadership functions in MDBs and/or global financial services.
Master’s degree equivalent or above in related fields from a reputable university.
Substantial professional experience in treasury and accounting in the public and/or private sectors.
Demonstrated experience in leading large change/transformation initiatives that has delivered tangible business value for the organization.
Superior business acumen in identifying opportunities and risks and capitalizing on such knowledge in alignment with the Bank's strategic priorities.
Demonstrated capacity to deal with politically sensitive communication in a complex environment.
Excellent oral and written communication skills in English, with the ability to represent the Bank in public forums with ease.
Excellent interpersonal communication/collaboration and conflict-management skills.
Effective managerial and interpersonal skills, cross-cultural sensitivity, and ability to manage a diverse team.

AIIB is committed to diversity, transparency, and inclusion. We believe our strength comes from having a team with the right diverse skills, experiences, and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB members, regardless of nationality, religion, gender, race, disability, or sexual orientation.

Join in AIIB’s mission to promote sustainable infrastructure investments and to improve social and economic outcomes in Asia and beyond.

Previous experience and qualifications will determine the grade and job title at which successful applicants will enter AIIB.

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