Risk Management Specialist

Job Vacancy | Tuesday, October 12, 2021

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.
1Close 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 Risk Policy and Architecture Division (RMPA) within the Office of Risk Management (ORM). ORM has a broad mandate and ensures that ADB’s Treasury, Sovereign, and Nonsovereign operations are sustainable by safeguarding ADB’s rating, advising Board and Management on risk issues, and implementing and promoting a strong internal risk culture.

RMPA establishes and maintains policies, procedures, and tools for risk management that are consistent with those of other multilateral development banks (MDBs) and prudent banking principles. The principal responsibilities of RMPA include: (i) establishment and maintenance of best practice policies, methods and procedures for credit, market, and operational risk; (ii) development and maintenance of tools and systems to support enterprise-wide risk management; (iii) maintenance of a ratings desk; (iv) analysis, rating, and monitoring of the creditworthiness of ADB’s sovereign borrowers; (v) data management and (vi) limit monitoring and risk reporting.

To view ADB Organizational Chart, please click here.

Job Purpose

The Risk Management Specialist analyzes and reports (i) risks and trends in ADB’s balance sheet and (ii) the impact of specific topical risk issues on ADB’s portfolio quality and risk bearing capacity. The position’s responsibilities include leading preparation for quarterly and ad hoc risk reports with input from various stakeholders, reporting main risk issues to the bank’s senior management, and providing support for ORM’s Board communication on portfolio risks. The Specialist is expected to provide support for (i) maintaining accurate portfolio data for timely risk reporting, (ii) adding risk aspects in reports and presentation produced by other departments, and (ii) formulation of ADB policies, guidelines and practices on risk and portfolio management.

The incumbent will report to Director, RMPA and will supervise National Staff and Administrative Staff.

Responsibilities

a. Risk Reporting

  • Analyzes risks and trends in ADB´s sovereign, nonsovereign and treasury portfolios
  • Prepares quarterly risk management reports with a focus on risk exposure, limit compliance, expected credit loss and capital adequacy.
  • Assesses ADB's risk bearing capacity based on various scenarios.
  • Conducts deep dive analysis on recurring and ad hoc risk-relevant topics.
  • Acts as team leader for the quarterly report, manages the production schedule and ensures accuracy, consistency, and quality of the report based on input from various members.
  • Acts as Risk Committee Secretariat, determines the agenda with the committee chair and ORM management, organizes relevant speakers, and ensures necessary endorsement procedures by the committee.
  • Prepares and delivers presentations to the Risk Committee and Audit Committee of the Board, as well as other special presentations.
  • Monitors compliance with limits and risk appetite.
  • Assists ORM management with guidance on internal and external inquiries related to risk issues in the portfolio.
  • Represents ORM in periodic investor due diligence calls for ADB’s international bond issuances.
  • Provides portfolio analysis and data for annual meetings with international rating agencies to ensure ADB’s AAA rating.

b. Policy & Architecture

  • Conceives, develops, supports, and implements policies, processes, methods and tools for identification measurement and management of risk.
  • Reviews from a risk perspective policies and proposals prepared by other departments.
  • Develops tools to analyze and monitor portfolio risks.

c. Knowledge Sharing

  • Maintains knowledge of emerging best practices and standards in risk management.
  • Provides support in organizing and conducting training to promote an appropriate risk culture in ADB.

d. Staff Supervision

  • Leads multidisciplinary teams and ensures the overall quality of its work.
  • Supervises the performance of teams and individuals, providing clear direction and regular monitoring and feedback on performance.
  • Provides coaching and mentoring to individuals and ensures their on-going learning and development.

Qualifications

Relevant Experience and Requirements

  • Master’s degree, or equivalent, in finance, business administration, economics or related field; university degree and at least 5 years specialized experience relevant to the position can be considered.
  • At least 8 years of relevant international experience in a similar setting e.g., international financial institution, ratings agency, international bank, or other similar institution.
  • Excellent knowledge and demonstrated track record in all areas of portfolio risk analysis.
  • Excellent knowledge of risk rating methodologies, risk management frameworks, and relevant risk-related policies.
  • Familiarity with credit, market, and operational risk analysis.
  • Experience analyzing large datasets.
  • Excellent oral and written communication skills in English.
  • Experience and strong track record in public speaking and presentation is a must.
  • Ability to lead a project effectively with diverse colleagues in own and other Divisions and Departments.
  • Strong project management and execution skills, including the ability to effectively drive complex, multifaceted matters to conclusion in an aggressive timeframe.
  • International experience working in several countries.
  • Please refer to the link for ADB Competency Framework for International Staff Level 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.