Job Purpose:

The Office of Risk Management (ORM) independently identifies, measures, monitors, and manages all credit, market, and operational risks taken on by ADB with responsibilities that include: Credit Risk Assessment; Credit Portfolio Monitoring; Corporate Recovery; Policy, Systems, and Operational Risk; and Market and Treasury Risk.

Expected Outcomes

1. Risk Management: ORM seeks Risk professionals in the following areas:

(i) Credit Risk Assessment: Analyzes the risk of all new nonsovereign debt, guarantee, and equity transactions. Conducts risk assessments and related due diligence to evaluate risk areas and recommend appropriate risk mitigation measures; including input for the terms and conditions of new transactions.

(ii) Credit Portfolio Monitoring: Assesses the risk profile of nonsovereign loans, guarantees, and equity investments; reviews waiver and amendment requests; and evaluates exit recommendations.

(iii) Corporate Recovery: Manages impaired debt, guarantee transactions, and nonperform­ing equity investments from identification to final resolution using industry best practice and the most time and cost effective means.

(iv) Policy and Systems: Develops models, analytics, and IT systems for credit risk manage­ment of nonsovereign transactions that includes rating tools, exposure limits, capital adequacy, and pricing.

(v) Market and Treasury: Identifies, measures, and monitors the risks in the Treasury portfolio. Identify, measure, and monitor credit risks in the investment and funding portfolios. Manage collateral for swap transactions and calculate associated mark-to-market valuations.

2. Knowledge Sharing

• Maintain knowledge of emerging best practices, and new Basel standards in risk management.
• Provide support in organizing and conducting risk training to promote a risk culture in ADB.

3. Staff Supervision

• Provide leadership and support to reporting staff
• Supervise the performance of teams and individuals, providing clear direction and regular monitoring and feedback on performance.
• Ensure the on-going learning and development of reporting staff.

Educational Requirements:

• Master’s Degree, or equivalent, in Finance, Business Administration, Economics or related fields; or University degree and at least 5 years ADB work experience.

Relevant Experience And Other Requirements:

• Suitability to undertake the responsibilities mentioned above at the required level
• At least 10 years of relevant experience in an international bank, equity fund, or multilateral/bilateral development organization, in risk management and investment appraisal in areas involving direct or indirect equity investments in funds or pre-initial public offering (IPO) situations.
• Exposure to financial institutions, project finance, corporate finance, structured finance, derivatives and related banking activities highly welcomed.
• Excellent oral and written communication skills in English.
• International experience working in several countries.

Core Competencies:

Application of Technical Knowledge and Skills

• Provides supervision to others in completing their technical tasks
• Called upon for advice and guidance based on expertise gained by working in different countries and organizations
• Contributes advanced knowledge and expertise to different parts of the Department

Client Orientation

• Proposes effective services and solutions to staff beyond presenting issues and past challenges
• Assists colleagues adapt to the cultural and business norms of diverse clients and country situations
• Gains respect for the breadth and depth of expertise demonstrated in effectively managing diverse clients and country situations
• Called upon to resolve client situations that may impact their long-term ADB relationship

Achieving Results and Problem Solving

• Resolves situations where client needs are not being met
• Shares past experiences from different projects, organizations, and countries to help achieve quality results
• Ensures that thorough analysis includes current and relevant factors from different countries and contexts
• Sought out for guidance and experience in overcoming the most challenging situations
• Draws on long-term relationships with stakeholders to help plan for and achieve results

Working Together

• Addresses team members not contributing to required standards
• Commits to delivering timely and high quality work to assist in the team’s success
• Develops and maintains good internal and external peer and senior level relationships
• Helps teams understand common features to build rapport and overcome challenges

Communication and Knowledge Sharing

• Provides stakeholders with the level and quality of information required to achieve outcomes
• Encourages others to seek long-term solutions to address feedback opposed to focusing on immediate concerns or reactions
• Uses breath of multi-country and multi-client knowledge to equip clients and staff for more effective outcomes
• Designs and implements project and program knowledge and services

Innovation and Change

• Consistently seeks more effective and practical ways for the Departmental delivery of services, products, and processes
• Proposes new ways to improve the quality and relevance of products and services
• Includes the core benefits and reasons for change when developing comprehensive change roll out plans
• Influences and persuades decision makers by presenting business cases supporting the proposed changes

Immediate Reporting Relationships / Other Information:

• Supervisor: Head, ORM or Designated Director in ORM
• The following staff positions report to the Risk Management Specialist:
  • Administrative Staff
  • National Staff
• Women are encouraged to apply.