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, and our first regional center is in Johannesburg, South Africa.
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.
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.
Working at the New Development Bank
NDB has been accorded a special status by our founding members which enables us to offer tax-free emoluments to our staff. The Bank offers competitive base salary and a comprehensive benefits package that includes health insurance for staff and eligible dependents, life insurance and accidental death & dismemberment insurance for staff, leave benefit, retirement benefit, and post retirement insurance benefit. Our professional staff positions, who are recruited globally, will also receive an additional allowance, at the rate of 20% of the base salary, along with the competitive base salary. A relocation allowance will also be available to professional staff joining and relocating from third countries to a country of operations. Our professional staff positions, recruited globally and joining/relocating from third countries to a country of operations, will also be eligible for an additional allowance for partial coverage of the cost of their children’s education at international schools in Shanghai. The Children Education Assistance Allowance will be covered at the rate of 75% of the cost of actual tuition fees based on the number of dependent children up to two, with the maximum limit of 25,155USD.
LIVING IN SHANGHAI
Our office in Shanghai is located in Shanghai’s Financial District (Lujiazui), the commercial and financial center of mainland China. Shanghai has been one of the fastest developing cities in the world over the last two decades. The city is also a major center of education in China with over 30 universities and colleges and is renowned for the quality of its schools, both private and public. Shanghai is well connected and has an extensive public transport system of buses, taxis and the Shanghai Metro. The city has a well-developed speciality health care infrastructure, which meets international standards both in terms of quality and services.