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
The Bank offers competitive base salaries and a comprehensive benefits package that includes medical insurance for staff and eligible dependents, life and accidental death & disability insurance, leave benefit, retirement benefit, and post retirement insurance benefit. Our professional staff will receive an additional allowance, at the rate from 10% to 20% of the base salary depending on the duty station, along with the competitive base salary. A settlement allowance will also be provided to professional staff along with flight tickets for staff and their eligible dependents at the time of joining. Professional staff will also be eligible for an additional allowance for partial coverage of the cost of their dependent children’s education at international or private schools at the duty station. The Children Education Assistance Allowance will be covered at the rate of 75% of the cost of actual tuition fees for up to three dependent children, with a maximum limit as established by the Bank.
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.