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A Diverse Workforce

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.

Comprehensive Allowances & Salary

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.

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.

Salary Details

Headquarters – China

BASE SALARY

(IN USD PER ANNUM)

NDB Designations NDB Grades Minimum
Professional Staff
Chief 9 187,700
Principal Specialist/Principal Professional 8 158,000
Senior Specialist/Senior Professional 7 132,100
Professional 6 106,400
Young Professional 5 80,000
Junior Professional 4 61,600
Support Staff
Analyst/Executive Secretary 3 34,970
Senior Officer/Senior Secretary 2 25,488
Officer/Secretary 1 19,062
Africa Regional Centre – South Africa

BASE SALARY

(IN USD PER ANNUM)

NDB Designations NDB Grades Minimum
Professional Staff
Principal Specialist/Principal Professional 8 158,000
Senior Specialist/Senior Professional 7 132,100
Professional 6 106,400
Young Professional 5 80,000
Junior Professional 4 61,600
Support Staff
Analyst 3 38,657
Senior Officer/Senior Secretary 2 29,736
Officer/Secretary 1 22,874

Note: Income tax shall be payable by relevant staff on the salary above as per the taxation laws of the Republic of South Africa.

Americas Regional Office – Brazil

BASE SALARY

(IN USD PER ANNUM)

NDB Designations NDB Grades Minimum
Professional Staff
Principal Specialist/Principal Professional 8 158,000
Senior Specialist/Senior Professional 7 132,100
Professional 6 106,400
Young Professional 5 80,000
Junior Professional 4 61,600
Support Staff
Analyst 3 32,460
Senior Officer/Senior Secretary 2 21,979
Officer/Secretary 1 15,493

 

Eurasian Regional Centre – Russia

BASE SALARY

(IN USD PER ANNUM)

NDB Designations NDB Grades Minimum
Professional Staff
Principal Specialist/Principal Professional 8 158,000
Senior Specialist/Senior Professional 7 132,100
Professional 6 106,400
Young Professional 5 80,000
Junior Professional 4 61,600
Support Staff
Analyst 3 26,500
Senior Officer/Senior Secretary 2 16,660
Officer/Secretary 1 10,488

 

Indian Regional Office – India

BASE SALARY

(IN USD PER ANNUM)

NDB Designations NDB Grades Minimum
Professional Staff
Principal Specialist/Principal Professional 8 158,000
Senior Specialist/Senior Professional 7 132,100
Professional 6 106,400
Young Professional 5 80,000
Junior Professional 4 61,600
Support Staff
Analyst 3 21,000
Senior Officer/Senior Secretary 2 13,650
Officer/Secretary 1 8,871