As a new multilateral development bank set up by the BRICS nations, the New Development Bank is focused on mobilising resources, both for infrastructure and sustainable development. The Bank is lending in its member countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. Our objective is to supplement the development agenda in our member countries through efficient and result oriented project financing, which is built on the best practices of ethics, compliance and governance. Our headquarters are based in Shanghai, China. In 2022, NDB established the Indian Regional Office, together with the Eurasian Regional Centre, established in Moscow in 2020, Americas Regional Office, established in São Paulo in 2019 with a sub-office in Brasília, and the Africa Regional Centre, established in Johannesburg in 2017, the new offices expanded NDB’s on-the-ground presence, allowing for improved performance in originating, preparing and implementing projects.
Working at the New Development Bank
We are committed to fostering a diverse work environment built on the pillars of meritocracy, collaboration, result-driven orientation, and organizational efficiency. We are in the process of building a team of young high-achieving individuals who like to challenge the status quo and bring in new ideas, innovation and approaches.
Diversity is one of the NDB’s core values. The NDB is committed to making reasonable efforts to ensure the success of diversity and its corresponding objectives. The NDB encourages all qualified candidates who are nationals of the NDB member countries to apply, regardless of their race, gender, disability, sexual orientation, ethnicity, religion, and marital or family status.
Be a part of our growth and contribute to establishing the next “new practice” in the field of development finance.
NDB understands that staff development is central to its success. Staff professional development is encouraged and supported in order to remain competitive and to be a talent intensive institution that is future fit. You will have an opportunity to chart the growth of the Bank and work with industry experts in a collegial and creative environment, built on collaboration, shared values and mutual trust.
WHAT WE OFFER
The NDB offers competitive salaries and a comprehensive benefits package designed to meet the needs of its internationally diverse workforce.
All new full-time employees of NDB are appointed on a four-year fixed term contract. Upon completion of initial fixed-term of four (4) years, the Bank may decide to further extend the term of appointment for fixed-term of up to four (4) years. The Bank may decide for all subsequent extension of term of appointment will be for fixed-term of up to four (4) years until attaining normal retirement age of 65 years. All contract extensions are subject to organisational needs and individual performance.
The base salary for the NDB staff is set competitively in the global and local markets. Our professional staff also receive a supplementary allowance at the rate from 10% to 26% of the base salary.
Medical Insurance – Staff and their eligible family members can participate in the group medical insurance plan providing comprehensive medical, dental, vision and wellness benefits.
Life and Accident Insurance – The Bank provides life insurance, and accidental death and disability insurance to all staff at no cost. Staff can opt for additional life cover at their own expense.
Retirement Plan – The Bank has a defined contribution retirement plan, to which the staff and the Bank contribute. The plan provides a lump-sum benefit upon retirement, termination of employment, or permanent disability. Staff may make additional voluntary contributions to the plan through salary deductions which will be matched with the Bank’s additional contributions.
Post-Retirement Benefit – Staff who retire, after attaining the retirement age of 65 years, from the service of the Bank are provided with an additional lump-sum benefit through the post-retirement insurance benefit plan.
Leaves – Staff receive 26 working days of annual leave (increasing to 30 days with long service) and 15 working days of sick leave each calendar year. Staff are also eligible for paid parental leave (20 weeks for primary caregiver and 4 weeks for secondary caregiver).
Holidays – The Bank observes 11 days of public holidays each year.
NDB supports staff in achieving a healthy work and life balance by offering remote work and flexible work arrangements that meet organisational needs as and when needed.
The Bank offers additional benefits to its professional staff based on eligibility criteria.
Relocation and Resettlement – The Bank provides professional staff with a lump-sum settlement allowance upon appointment and a resettlement allowance upon employment termination (subject to a service requirement). Air transportation and visa assistance are provided for staff and eligible family members relocating from their place of residence to the duty station.
Children Assistance Allowance – Staff are eligible for an additional benefit for partial coverage of the cost of their children’s education, schooling and childcare at recognized education institutions in the country of posting.
Home Travel Benefit – The Bank provides a home travel benefit to facilitate staff and their eligible family’s periodic visits to the home location to maintain their personal, social and cultural links with their home countries and cities.