Senior Risk Management Assistant at Asian Development Bank

, , -

Full Time

Start Date

Immediate

Expiry Date

05 Mar, 26

Salary

0.0

Posted On

05 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Assessment, Market Risk, Data Integrity, Investment Performance, Compliance Monitoring, Portfolio Valuations, Financial Analysis, Treasury Operations, Market Developments, Risk Management, Analytical Support, Technical Support, Investment Operations, Performance Measurement, Reporting, Collaboration

Industry

International Trade and Development

Description

Join Our Mission to Foster Prosperity in Asia Are you ready to make a difference in the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region. Organizational Setting and Reporting Relationship The position of Senior Risk Management Assistant is assigned to the Treasury and Liquidity Risk Division (RMTL) within the Office of Risk Management. You will be based at our Headquarters in Manila, Philippines. You will report to designated International Staff and Officer (as applicable). Your Role As a Senior Risk Management Assistant, you will provide analytical and technical support in the following areas: (i) risk assessment and reporting of different market risks arising from ADB's treasury operations; (ii) facilitate generation of market risk limits compliance monitoring reports, portfolio valuations, investment performance and transactions, and related market developments; (iii) compliance monitoring and related investigations for market risk in treasury operations; (iv) monitor and review expected large payment settlements to counterparties (v) data checks to ensure accuracy and integrity of inputs into risk management processes and reports, including trade and market data; and (vi) RMTL's system enhancement projects. You will: Investment Operations and Risk Reporting Prepare regular market risk reports and conduct relevant analyses on market risk measures for each portfolio, including risk sensitivities, duration, Value at Risk (VaR), and Expected Shortfall. Help administer externally managed assets (EAM) under ADB's Ordinary Capital Resources (OCR), covering mandates such as mortgage-backed securities, asset-backed securities, and corporate bond portfolios. Help verify investment fund management/custody fees to ensure they comply with contract terms and are supported by underlying investment activities. Help arrange payment of fees to EAM program managers/custodian. Market and Settlement Risk Reporting and Limits Compliance Monitoring Perform settlement risk monitoring (i.e., matching settlement amounts with available limit per counterparty). Help process and produce limits compliance reports through Treasury Risk Management System (TRMS). Review, validate, and report any breaches to supervisors for further action. Provide backup support for data integrity checks, systematic downloading of positions data and securities' attribute data from internal and third-party sources, generating compliance and exposure reports for internal asset management and EAM. Performance Measurement, Risk Analysis, and Report Generation Help process daily investment portfolio returns for OCR and special funds through Risk Performance Attribution Module of TRMS. Work with Treasury Department to ensure accuracy of transactions and fund movements. Extract and review data from TRMS databases and query tools to support related analysis, gather value-added information, and produce accurate, complete ad-hoc reports. Others Support RMTL-related IT projects, including user acceptance testing, validation of limits and compliance monitoring, and implementation of treasury risk management guidelines. Collaborate with external counterparties and financial information service providers for report queries. Perform other tasks as assigned and reflected in your workplan. You will need: Bachelor's degree in finance, accounting, economics, engineering, mathematics, statistics, or related field. Passed Level I of the Chartered Financial Analyst (CFA) program would be beneficial. At least 5 years of relevant professional experience. Experience with risk sensitivities including option Greeks would be beneficial. Experience with the methodologies for Value at Risk, Expected Shortfall, and scenario analysis are an advantage. Knowledge of global finance and capital markets dynamics, with a solid foundation in investment and risk management principles. Advanced proficiency in MS Office tools. Experience using relevant applications such as Bloomberg would be beneficial. Written and verbal proficiency in English. Please refer to the link for ADB Competency Framework for TL2. Benefits ADB offers a rewarding salary and a comprehensive benefits package. The salary will be based on ADB's standards and comparator markets, taking into account your qualifications and experience. Retirement plan (if applicable) Medical and health benefits Paid leave (including parental) Life and other insurance plans Staff development Additional Information This appointment is open to internal and external applicants. This is a fixed-term appointment for an initial fixed period of 3 years. At the end of the initial period, this appointment may, at the option of ADB, be extended once for up to 2 years, converted to a regular appointment, or ended on its expiration date. This decision will be made in the overall interest of ADB that: (a) it will require Staff’s particular blend of skills and experience in the foreseeable future; and (b) Staff’s performance is satisfactory and they are suitable for further employment. About Us Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 members, 50 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 our Strategy 2030. ADB only hires nationals of its 69 members. To view ADB Organizational Chart, please click here. ADB wants 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. Visit ADB Careers FAQ for more information. #LI-Onsite

Responsibilities

The Senior Risk Management Assistant will provide analytical and technical support in risk assessment and reporting for ADB's treasury operations. Responsibilities include preparing market risk reports, compliance monitoring, and supporting system enhancement projects.