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

Credit Risk Assessment, Risk Reporting, Financial Markets, Credit Ratings, Probability Of Default, Loss Given Default, Derivative Transactions, Portfolio Stress Testing, Excel, Powerpoint, Word, Bloomberg, Analytical Skills, Technical Support, Compliance Monitoring, Data Verification

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 Technical International Staff and Officer as applicable. Your Role As a Senior Risk Management Assistant, you will provide analytical and technical support on the following: (i) fundamental risk assessment and reporting of different types of credit risks arising from ADB's treasury operations; (ii) utilization of credit risk tools to monitor and assess counterparties' credit profiles; (iii) compliance monitoring and related investigations for exposures arising from treasury operations; (iv) data checks to verify accuracy and integrity of inputs into risk management processes and reports including trade data, market data and credit ratings; (v) facilitating the systematic generation of credit risk limits compliance monitoring reports; and (vi) support RMTL system enhancement initiatives. You will: Credit Risk Assessment and Risk Reporting Use credit risk tools, both scheduled and ad-hoc, to assess and monitor the credit profiles of treasury counterparties and investments, including credit default swap (CDS) spreads, security prices and probability of default metrics and news developments. Prepare counterparty credit reviews with guidance from senior credit analyst staff. Support the preparation, monitoring and reporting of credit risks arising from treasury investments and counterparty exposures for inclusion in bank-wide risk reports and reporting requirements to credit rating agencies. Credit Risk Limits Compliance Monitoring Prepare daily production data, including the systematic downloading of positions and securities attributes from internal and third-party sources, and help generate compliance monitoring and other reports. Sovereign, Depository Bank, Swap Counterparty Watchlist Update Monitor ratings updates for accurate representation in daily reports. Present market developments at regular counterparty watchlist review meeting. Management of Counterparty Attributes Data Verify changes, investigate exceptions and send email alerts to ORM team and other stakeholders on credit rating changes. Credit Risk Tools Perform other tasks that may be assigned. You will need: Bachelor's degree preferably in finance, accounting, economics, engineering, mathematics, statistics, or related field. A certified public accountant or chartered financial analyst designations is an advantage. At least 5 years of relevant professional experience. Experience with financial markets and risk concepts including credit ratings, Probability of Default, Loss Given Default and derivative transactions. Experience assessing counterparty credit risk and portfolio stress testing. High proficiency in Excel, Powerpoint, and Word. Experience using relevant applications such as Bloomberg is an advantage. 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 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 for credit risk assessment and reporting related to ADB's treasury operations. This includes monitoring counterparties' credit profiles and ensuring compliance with credit risk limits.