Recruitment Drive Begins At BRICS Development Bank


Pretoria – The New Development Bank has commenced its recruitment drive from member states.

“With the signing of the Headquarters Agreement with the Government of the People’s Republic of China and Memorandum of Understanding with Shanghai Municipal People’s Government, the New Development Bank is proud to announce that it has commenced the process of recruitment of talent from the member states,” it said in a statement on Monday.

The New Development Bank was established by BRICS – Brazil, Russia, India, China and South Africa – countries to finance infrastructure and sustainable development projects.

The bank, which lends money to developing countries to help finance infrastructure projects, is seen as an alternative to the World Bank and the International Monetary Fund.

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The bank encouraged citizens from the BRICS countries to submit their applications in the careers section of the bank’s official website at

“The new staff of the bank will have an opportunity to be a part of our evolving institution and contribute to establishing the ‘next practice’ in the field of development finance.

“The bank is committed to creating a diverse work environment built on the pillars of meritocracy, collaboration, result-driven orientation and organizational efficiency.”

The bank is expected to recruit around 100 positions by the end of 2016. All the job openings will be advertised on the bank’s website, in a staggered manner.

Currently, the bank has advertised its eleven senior most positions at the Director General level for applications. 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 and human resources, among others.

The bank has also recently advertised positions at the young professionals and junior professionals levels.

“The NDB has been accorded a special international legal status by its founding members, which enables the bank to offer competitive tax-free salaries along with a comprehensive benefits package”.

The headquarters of the bank is located in Shanghai, China. The first regional centre of the NDB is set to open in Johannesburg, South Africa. –

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