fbpx Senior Risk Management Officer | Asian Development Bank

Senior Risk Management Officer

IMPORTANT INFORMATION:

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.

Overview

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 Credit Division 1 within the Office of Risk Management (ORM). The Division provides advice on deal structuring and risk mitigation, and provides credit decision and approval particularly for financial institutions, and project finance transactions. 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.

To view ADB Organizational Chart, please click here.

Job Purpose

The Senior Risk Management Officer will conduct risk assessments and related due diligence work for ADB's nonsovereign operations transactions, primarily loans and guarantees to Financial Institution (FI) counterparties including Commercial & Investment Banks, Non-Bank Financial Institutions (NBFIs) and Insurance Companies. The incumbent will also manage their own portfolio of transactions where they will conduct risk assessments and portfolio monitoring.

The incumbent will report to Director, RMCD1 and/or designated International Staff and will supervise administrative staff.

Responsibilities

1. Risk Assessment

  • Analyzes the credit worthiness of Financial Institutions based on assessment of quantitative, qualitative and macro factors and recommends appropriate exposure limits.
  • Independently reviews, assesses, writes credit opinion, and provides recommendations for key transaction risks, covering, inter alia, sponsor, reputation and structure risks in proposed financing transactions.
  • Reviews Concept Clearance Paper, Final Review Memorandum, Report and Recommendation of the President, Term Sheet, Closing Certificate and other forms of transaction documents and internally produced write-ups.
  • Drafts Credit Notes and other forms of risk assessment reports for both new and existing transactions. Assigns and evaluates risk ratings.
  • Provides advice and recommendations to deal with origination teams on appropriate risk mitigation measures, deal structuring, risk adjusted pricing, security and other commercial terms and financial covenants throughout the risk appraisal process.

2. Transaction Monitoring

  • Independently reviews monitoring reports of non-sovereign FI debt and guarantee transactions, and determines the appropriate frequency of the monitoring report based on the specific risk profile of the transaction and recommending appropriate ratings.
  • Evaluates and recommends approval for waivers, amendments, and consents related to various proposed changes to loan covenants and terms and conditions in legal documents, restructuring proposals for performing assets, and all changes to the security package for previously approved transactions.
  • Recommends risk mitigation measures including those relevant to covenant structures, security arrangements, risk defeasance arrangements as applicable to reduce the risk profile of transactions, placing transactions on the Watch List based on increased risks or adverse trends, and recommending transfer of impaired transaction to ORM's Remedial Management Unit (RMOD-RMU).

3. Liaison and coordination

  • Participates in selected due diligence missions to ensure comprehensive risk assessment of the proposed transaction or conduct independent site visits, if necessary.
  • Coordinates with Risk Policy and Architecture Division to ensure adherence to exposure limits.
  • Contributes to the implementation of ADB wide strategies such as Strategy 2030.
  • Assists in the development and updating of Risk Acceptance Frameworks (RAFs) for Financial Institutions.

4. Research and analysis

  • Independently performs project evaluation, including industry and country research.
  • Independently prepares periodic project profile reports and manages project databases.
  • Prepares Quarterly Risk Reports and other reports and presentations as needed.

5. Others

  • Performs special duties assigned by Director, RMCD1 with respect to ORM-wide initiatives including, among other things, development of risk management system, verification of new risk rating tools, and refinement of pricing models. Provides support to other divisions and units in ORM.
  • Provides support in the planning of various initiatives designed to facilitate RMCD1's growth.
  • Performs other credit risk management tasks as assigned and as reflected in the incumbent's work plan.

Qualifications

Relevant Experience & Requirements

  • Master's degree in engineering, finance, economics, accounting, or other related fields or its equivalent; university degree combined with specialized experience in similar organization/s, may be considered in lieu of a Master's degree.
  • A Certified Public Accountant (CPA), Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) designation would be an advantage.
  • At least 10 years of corporate or financial institution credit risk experience in a local or international bank preferably as a senior credit officer, or similar position in a major corporation, rating agency, equity fund or multilateral/bilateral development organization, in risk management, deal origination and investment appraisal and 6 years of supervisory experience.
  • Demonstrated skills in relation to CAMEL analysis for banks, non-bank FIs, insurance and leasing companies. Experience in regional FI sector analysis and in-depth knowledge of nuances of regulatory NPL classifications a plus.
  • Demonstrated corporate financial analysis and structuring skills are also required.
  • Corporate bank working product knowledge (e.g. Trade finance, risk participations, sponsor guarantees).
  • Ability to evaluate individual loans and guarantees proposals; Familiarity with industry best practice in corporate recovery and corporate restructuring, with legal frameworks and bankruptcy laws would be an advantage.
  • Familiarity with trade finance products and working knowledge of Basel and banking regulations.
  • Substantial exposure to multiple sectors and with an extensive industry network preferably in Asia and the Pacific region.
  • Excellent written and verbal communication skills in English.
  • Please refer to the link for ADB Competency Framework for National Staff Level 5.

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 and experience of the selected candidate.