fbpx Risk Management Specialist | Asian Development Bank

Risk Management Specialist


Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.

1 Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle

Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).

In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category.


Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.

ADB only hires nationals of its 68 members.

The position is assigned in the Treasury and Operational Risk Unit (RMTO) within the Office of Risk Management (ORM). ORM has a broad mandate and ensures that ADB's sovereign and private sector operations are sustainable by safeguarding ADB's rating, advising Board and Management on risk issues and the implementation and management of strong internal risk cultures. ADB's asset portfolio contains loans, guarantees, and equity investments across ADB's region in both hard and local currencies.

RMTO is responsible for the proper management of market and treasury credit risk exposures in ADB; monitoring and measuring the performance of ADB's internally and externally managed investment portfolios; and performing independent middle-office functions of derivative transaction confirmation, position valuation/analysis, and compliance monitoring. RMTO also supports ADB in the management of operational risks through risk identification, measurement, monitoring, and reporting.

To view ADB Organizational Chart, please click here.

Job Purpose

The Risk Management Specialist implements, maintains and enhances the integrated operational risk management framework in coordination with relevant departments across organization lines. The position (i) supports the review and enhancement of new operational risk management tools in ADB's increasingly complex non sovereign operations; (ii) h handles the operationalization of the framework within various departments to consistently and comprehensively identify, measure, monitor, mitigate, and report operational risk; (iii) provides support for the formulation of ADB policies, guidelines and practices on risk management; and (iv) works with broad policies and objectives, working directly with clients, with supervision for unfamiliar or critical tasks.

The incumbent will report to Advisor, RMOD and Head, RMTO and will supervise national and administrative staff.


a. Risk Management

  • Provides support in developing, implementing, and maintaining policies, guidelines, and processes to identify, measure, monitor, mitigate, and report operational risk in ADB headquarters and field/satellite offices.
  • Defines requirements for effective implementation and maintenance of operational risk processes and tools.
  • Develops and maintains a loss database in line with the operational risk framework.
  • Contributes to the enhancement of existing risk taxonomies, supporting the common basis of operational risk concepts, classification and reporting for ADB,
  • Designs and develops relevant analytical tools and processes to support the monitoring and reporting of operational risk events.
  • Develops a good working relationship with other departments to ensure that the framework is effectively bought in and implemented across all relevant areas.
  • Organizes workshops and knowledge sharing sessions to promote overall risk culture and to strengthen the first line of defense.
  • Implements and maintains 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/or web-based reporting solutions.
  • Provides support for Risk Committee and/or other governance meetings.
  • Supports project management of system implementations and other specialized projects to meet operational requirements.

b. Policy and Methodology

  • Provides support and inputs in the review and updating of ADB's policies, guidelines and practices on operational risk management.
  • Assists in policy and methodology development related to Operational Risk Management Framework, including provision of a risk appetite statement.

c. Knowledge Sharing

  • Maintains knowledge of emerging best practices, new Basel standard and other international standards in operational risk management.
  • Serves as a resource person and provides support in organizing and conducting risk training to promote a risk culture in ADB.

d. Staff Supervision

  • Provides leadership and support to reporting staff.
  • Supervises the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
  • Ensures the on-going learning and development of reporting staff.


Relevant Experience & Requirements

  • A university degree in finance, accounting, business administration, economics or related fields preferably at post-graduate level or its equivalent.
  • At least 6 years of relevant experience in financial institutions or multilateral/bilateral development organizations.
  • Understanding of risk management principles, methodologies and tools, and governance principles and activity in a financial services environment.
  • Good understanding of operational risk data management and analysis.
  • Strong knowledge of development banking or financial institution products and processes as well as related internal controls and corporate governance.
  • Understanding operational risk characteristics including the development of operational risk monitoring tools including reports, scorecards, key risk indicators (KRIs) and operational risk capital modeling.
  • Demonstrated project management expertise and experience.
  • Strong written and verbal communication skills with proven relationship building skills and ability to communicate with senior managers.
  • International experience working in several countries Please refer to the link for ADB Competency Framework for IS3 and IS4.

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.