Employment

2. EXPECTED OUTCOMES: Corporate Recovery Take over transactions deemed impaired, or in risk of impairment, from operational departments in a structured and documented manner. Oversee the analysis of impaired or potentially impaired transactions. This includes financial and legal due diligence and analysis; interaction with accountants, legal and financial consultants; contacts with senior management of obligor/investee; construction of financial and valuation models as required; as well as other essential tasks. Lead in developing the best course of action in terms of exit strategy (e.g. sale, restructuring, liquidation, or any combination thereof) in the form of a Problem Account Memorandum to the respective approval authority within ADB. Provide leadership in executing the approved corporate recovery strategy. Initiate and lead all phases of the corporate recovery process in conjunction with all stakeholders involved. Negotiate with the obligor and other creditors as required Ensure the monitoring of classified transactions. Oversee the preparation of corporate recovery plans to include recommendation on when to realize losses, release any rights/security interests, and make material changes in transactions. Present updated Problem Account Memoranda for each non-performing transaction to the bank's Investment Committee on a monthly basis. Contribute to the risk management report on a quarterly basis. Calculate loan loss provisions and equity impairment estimates for each non-performing transaction. Operational Risk Provide support in developing, implementing, and maintaining policies, guidelines, and processes to identify, measure, monitor, mitigate, and report operational risk in ADB HQ and field/satellite offices. Define requirements for effective implementation and maintenance of operational risk processes and tools. Develop and maintain a loss database in line with the operational risk framework. Design and develop relevant analytical tools and processes to support the monitoring and reporting of operational risk events. Develop a good working relationship, with other departments to ensure that the framework is effectively bought in and implemented across all relevant areas. Lead in promoting the application of advanced risk analytics available to measure and monitor operational risk exposures and capital requirement. Lead in the implementation and maintenance of analytical systems and reporting requirements of operational risk to enhance the timeliness, completeness, and accuracy of information to end-users via report automation, query access to data, and web-based reporting solutions. Lead in the project management of system implementations, data warehousing projects and other specialized projects to meet operational requirements. Lead in providing support and inputs in the review and updating of ADB's policies, guidelines and practices on operational risk management. Knowledge Sharing Maintain knowledge of emerging best practices and standards in risk management. Lead and support in organizing and conducting risk training to promote a risk culture in ADB. Staff Supervision Provide leadership and support to reporting staff. Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance. Ensure the on-going learning and development of reporting staff.

3. EDUCATION REQUIREMENTS: A university degree in economics, finance or accounting; preferably a Certified Public Accountant (CPA), Chartered Financial Analyst (CFA) or at post-graduate level

4. RELEVANT EXPERIENCE AND OTHER REQUIREMENTS: Suitability to undertake the responsibilities mentioned above at the required level. At least 10 years relevant experience. Strong analytical capabilities, leadership qualities and interpersonal skills Excellent oral and written communication skills in English. International experience working in several countries.

5. CORE COMPETENCIES: Technical Knowledge and Skills - Able to lead others to solve complex problems using technical knowledge and skills in relation to risk management - Applies a high level of technical expertise in work related to risk management - Uses technical expertise to advise and support operations on risk management Client Orientation - Focuses own and other efforts on understanding and meeting client needs in developing member countries (e.g., government agencies, private sector parties, non-government agencies) - Able to work effectively with clients - Seeks feedback on the quality of service and makes improvements Achieving Results - Ensures own work contributes to achieving organizational results - Regularly reviews progress to ensure work is on target - Prioritizes own and others' work to achieve key results areas Working Together - Develops the team skills of team members - Encourages cooperation within and between teams and promotes the value of diversity in teams, such as in different views, culture, nationality, and gender - Facilitates conflict resolution within the team Learning and Knowledge Sharing - Helps staff to find a variety of ways to learn and develop - Empowers staff to make improvements - Encourages the team to learn from each other

6. IMMEDIATE REPORTING RELATIONSHIPS: The position reports to: Head, Risk Management Unit The following staff positions report to the Risk Management Specialist: National Officers and Administrative Staff