Risk Management Officer | Asian Development Bank

Risk Management Officer

Overview

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 67 members, 48 of which are from the Asia and Pacific region. ADB's mission is to reduce poverty and promote sustainable economic growth in the region. ADB's main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.

ADB only hires nationals of its 67 member countries.

The position is assigned in the Credit Portfolio Monitoring Division (RMCM) within the Office of Risk Management (ORM). ORM is responsible for ensuring that ADB's goal of poverty alleviation is sustainable through (i) safeguarding ADB's rating, (ii) advising Board and Management on risk issues, and (iii) promoting a strong risk culture.

RMCM is responsible for (i) credit risk monitoring which entails regular review of all non-sovereign transactions throughout the life of the transaction ensuring accurate risk ratings, valuations and risk categorizations appropriate for the evolving operational and financial risks of projects; (ii) portfolio analysis and reporting on all risk-taking activities of the bank; (iii) management and execution of workout strategies for impaired transactions, and (iv) data management.

To view ADB Organizational Chart, please click here.

Important Note

This is a re-advertisement. Previous applicants need not apply.

Applications received in response to previous posting will be considered together with applications received in response to this advertisement.

Job Purpose

The Risk Management Officer provides analytical support to a team of Risk Management Specialists in the area of Credit Monitoring. He/She reviews and evaluates monitoring reports of existing transactions, processes waiver and amendment requests, validates the risk rating of debt and guarantee transactions, values private equity investments, and evaluates exit recommendations with minimal guidance and oversight.

The incumbent will report to designated International Staff.

Responsibilities

  • Review the quality of Monitoring Reports of all non-sovereign debt, guarantee, and equity transactions, and determine the appropriate frequency of the Monitoring Report for each transaction.
  • Independently and comprehensively evaluate the credit risk of loans and guarantees, review proposed risk ratings based on country, sector, market and financial analysis provided in the Monitoring Reports, and recommend appropriate ratings.
  • For direct and indirect equity investments, assess the valuations, valuation methodologies, and exit strategies.
  • Evaluate waivers and other amendment requests for previously approved transactions.
  • Participate in special reviews of and conduct research on countries, sectors, products, or corporate groups that have elevated risks.
  • Recommend placing transactions on the Watch List based on increased risks or adverse trends, and, if necessary, recommend a higher risk rating. For transactions with a final risk rating of NSO13 and D, recommend transfer of impaired transaction to ORM's Corporate Recovery Unit.
  • Calculate risk metrics and assess the impact of individual transactions on portfolio risks.
  • Perform other credit risk management and data management tasks as and when assigned.
  • Provide support to other divisions and units in ORM as and when needed for special projects and tasks.

Qualifications

Relevant Experience & Requirements

  • Bachelor's degree in Economics, Finance, Accounting, or related field; preferably with Master's Degree or equivalent. Accreditation as a Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) is an advantage.
  • Minimum of 8 years of experience in major commercial banks, consulting firms, or similar financial institutions; preferably in evaluating the risks of debt and equity products.
  • Ability to evaluate individual loans, guarantees, and direct and indirect equity transactions including impaired accounts.
  • Ability to undertake background research, analytical and evaluative work on difficult but well-defined tasks, collect and organize data and information, apply computer skills in analyzing and developing data, and prepare notes, papers and reports.
  • Familiarity with risk rating tools, loan pricing instruments, and developments in the area of risk management.
  • Good computer skills with sound knowledge of word-processing, spreadsheets, power point, graphics software used within ADB, financial modeling and macro. Strong command of database applications, Visual Basic, and web design software preferred.
  • Effective report-writing and communication skills in English.
  • Please refer to the link for ADB Competency Framework for National Staff Levels 1 - 4

General Considerations

The selected candidate is appointed for an initial term of 3 years.

ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's qualifications and experience.

ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.

Please note that the actual level and salary will be based on qualifications of the selected candidate.