Employment

1. JOB PURPOSE:

Lead in the design, development, implementation, and maintenance of ADB´s rating tools, process and guidelines. Interact with relevant departments across organization lines to improve tools and guidelines as appropriate. Lead in the development of training programs for operations departments. Develop routines for industry, country and obligor analysis. Support the development of an IT infrastructure for risk management. Support the formulation of ADB policies, guidelines and practices on risk management. Work within general policies, principles and goals, working directly with clients with supervision for critical tasks.

2. EXPECTED OUTCOMES:

1. Risk Management

• Develop, implement and maintain methods and tools for a structured credit risk analysis process.
• Establish a Ratings Desk and assume full responsibility for all issues relating to ADB´s ratings process. Respond to detailed methodological questions and interact with operations departments to establish a structured feedback process. Analyze the consistency of rating assignments and test the predictive power of the rating tools. Identify the need for additional tools and guidelines. Improve existing tools as appropriate.
• Evaluate the rating methodology and process and report to management on a semi-annual basis.
• Develop a good working relationship with concerned departments to ensure that the credit risk assessment framework remains instrumental to ADB´s business process.
• Develop training programs and facilitate training for staff on an on-going basi
• Lead in the development of routines for industry analysis. Establish industry benchmark ratings
• Develop procedures, methodologies and systems for assessing the risk in ADB´s equity investments
• Support the development of advanced models for estimation of probability of default (PD) and loss given default (LGD)
• Lead or support IT projects and other specialized projects to meet risk management requirements.
• Support the development and implementation of advanced risk analytics to measure risk exposures and capital requirement.
• Lead or support the review and updating of ADB's policies, guidelines and practices on risk management.
• Interpret policies and provide guidance to staff on risk management matters
• Review and provide comments on policy and transaction documents prepared by other departments.
  
  

2. Knowledge Sharing

• Maintain knowledge of emerging best practices and standards in risk management.
• Lead and support in organizing and conducting training to promote a risk culture in ADB.
• Cultivate relationship with other multilateral development banks in order to share information on policies, and methodologies used for risk management.
  
  
  

3. 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 or related fields; preferably at post-graduate level or its equivalent.

4. RELEVANT EXPERIENCE AND OTHER REQUIREMENTS:

• Suitability to undertake the responsibilities mentioned above at the required level.
• At least 8 years relevant professional experience from a ratings agency, international bank, export credit agency, international financial institution or credit insurance provider, ideally from more than one type of institution.
• Excellent analytical capacity, leadership qualities and interpersonal skills.
• Excellent oral and written communication skills in English.
• International experience.
• Several years of successful personal experience of rating countries, banks or corporate borrowers.
• A well-developed understanding and interest in both quantitative and qualitative methods for credit risk analysis.
• Experience and understanding of various methods for industry analysis.
• Experience and interest in statistical methods for assessing risk and model performance.
• Knowledge of emerging best practices for risk management, capital adequacy, disclosure, income recognition and loan loss provisioning. Familiarity with Basel II framework.
• Knowledge of the practical aspects of lending and investment operations, particularly in project and structured finance.
• Experience of development of IT systems for risk management purposes.
• Ability to work in a multicultural and highly flexible team environment that relies heavily on cross-functional interaction.
  
  
  

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 on 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, ORM

The following staff positions report to the Risk Management Specialist (Rating Desk): National Officers and Administrative Staff.

7. IMPORTANT INSTRUCTIONS:

Established in 1966 and headquartered in Manila, Philippines, ADB's multicultural staff come from over 50 member countries. ADB offers an internationally competitive salary paid in US dollars. Salaries and benefits are generally free of tax except for citizens of some countries, primarily the USA and the Philippines, whose incomes are taxed by their respective governments. While the position advertised is for the ADB Headquarters in Manila, Philippines, ADB staff must be prepared to serve in any location outside its Headquarters at the discretion of Management. Applicants must be nationals of one of ADB's member countries.

Apply electronically, quoting Ref. No. EXT-PS09-285(2)-RMOD and job title on subject line and attaching application form to email address PS-jobs@adb.org no later than 5 November 2009, 5:00 p.m., Manila time.

International experience will be taken into consideration.

Women are encouraged to apply.

Due to the volume of applications, ADB will not be able to respond to inquiries about application status and will only contact shortlisted candidates. Applications lacking the job reference number and job title or using the wrong e-mail address will not be considered.