The bank is in the process of building a team of young meritorious individuals, who like to challenge the status quo and bring in new ideas, innovation and approaches.
The new multilateral development bank set up by the BRICS nations — Brazil, Russia, India, China and South Africa—the New Development Bank, is scouting for talent. KV Kamath is the president of the bank, which is headquartered at Shanghai, China, with a regional centre set to open in Johannesburg, South Africa.
The bank is in the process of building a team of young meritorious individuals who like to challenge the status quo and bring in new ideas, innovation and approaches.
The new recruits will get the opportunity to chart the growth of the bank and work with industry stalwarts in a collegial and creative environment, built on collaboration, shared values and mutual trust.
The New Development bank has been accorded a special status by the founding members, which will mean competitive tax-free salaries to the staff along with a comprehensive benefits package.
An attractive relocation allowance will also be available to professional staff joining and relocating from third countries to the country of operation.
The new staff of the bank will have an opportunity to be a part of the evolving institution and contribute to establishing the ‘next practice’ in the field of development finance.
The Bank is expected to recruit around 100 positions by the end of 2016.
Currently, the bank has advertised inviting applications for its eleven senior-most positions at the Director General level.
The positions are in the field of project financing, risk management, African Regional Centre, administration, legal counsel, front office of the President, corporate secretary, compliance, human resources, treasury and portfolio management and finance, budget and accounting.
In addition, the bank is also looking for young and junior professionals in the areas of project finance, treasury, finance, budget and accounting, economic research and analytics, risk, corporate communications, compliance, legal, human resources and strategy & partnerships.
The young and junior professionals will be directly placed with the teams in the respective functions, under the leadership and guidance of trained seniors.
They will be expected to make significant contributions towards the work programmes of the respective functions, while gaining a broad overview of the NDB’s policies and procedures.
Led and guided by the trained professionals, they are expected to multitask and undertake ‘stretch assignments’ while gaining valuable on-the-job experience.
The young and junior professionals assigned to the project finance team may be required to travel to the member countries for project assignments or project missions.
For young professionals, the bank is looking for candidates with a minimum of three years of relevant professional experience with a master’s degree or equivalent in a relevant professional field.
For junior professionals, candidates with less than three years of relevant professional experience and a master’s degree or equivalent in a relevant professional field can apply. The position is also open for candidates who are graduating this year.
The New Development Bank was established by the BRICS countries to finance infrastructure and sustainable development projects. The initial subscribed capital of the NDB amounts to $50 bn. The total paid-in capital of the bank will be $10 bn. The official language of the institution is English.