Senior Risk Management Officer at Asian Development Bank

Manila, Metro Manila, Philippines -

Full Time

Start Date

Immediate

Expiry Date

04 Jun, 26

Salary

0.0

Posted On

06 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Assessment, Due Diligence, Credit Analysis, Portfolio Monitoring, Credit Opinion Drafting, Risk Mitigation, Deal Structuring, Risk Adjusted Pricing, Waiver Recommendation, Restructuring Proposal, CAMEL Analysis, Financial Analysis, Corporate Recovery, Bankruptcy Laws, Trade Finance, Basel Regulations

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 Officer is assigned to the Credit Division (RMCD) within the Office of Risk Management (ORM). You will be based at our Headquarters in Manila, Philippines. You will report to Director, RMCD and designated technical international staff and will oversee junior team members. Your Role As a Senior Risk Management Officer, you 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 and Insurance Companies. You will also manage their own portfolio of transactions where you will conduct risk assessments and portfolio monitoring. You will: a. Risk Assessment Analyze the credit worthiness of FIs based on assessment of quantitative, qualitative and macro factors and recommend appropriate exposure limits. Independently review, assess, write credit opinion, and provide recommendations for key transaction risks, covering, inter alia, sponsor, reputation and structure risks in proposed financing transactions. Review 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. Draft Credit Notes and other forms of risk assessment reports for new and existing transactions. Assign and evaluate risk ratings. Provide advice and recommendations to 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. b. Transaction Monitoring Independently review monitoring reports of nonsovereign FI debt and guarantee transactions, and determine the appropriate frequency of the monitoring report based on the risk profile of the transaction and recommending appropriate ratings. Recommend approval for waivers, amendments, and consents related to 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. Recommend appropriate risk mitigation measures (including covenants, security, and risk defeasance arrangements for FI loans or guarantees, as applicable) to manage transaction risk; place higher-risk transactions on the Watch List; and recommend transfer of impaired transactions to ORM's Remedial Management Unit. c. Others Participate in selected due diligence missions to ensure comprehensive risk assessment of the proposed transaction or conduct independent site visits, if necessary. Perform special tasks assigned by Director, RMCD to support ORM‑wide projects, while also providing support to other divisions and units within ORM. Contribute to the planning of projects aimed at facilitating RMCD's growth, and perform other credit risk management tasks as assigned and reflected in the work plan. You will need: Bachelor's degree in engineering, finance, economics, accounting, or other related fields, Master's degree or equivalent is preferred. Professional certifications such as Certified Public Accountant, Chartered Financial Analyst, or Financial Risk Manager is desirable. At least 8 years' experience in corporate or financial institution credit risk, gained in a local or international bank, preferably in a senior credit officer role; or in a major corporation, rating agency, equity fund, or multilateral/bilateral development organization, with exposure to risk management, deal origination, and investment appraisal; and at least 4 years of supervisory experience. Demonstrated skills in conducting Capital adequacy, Asset quality, Management, Earnings, Liquidity and Sensitivity to market risk (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 nonperforming loan classifications is desirable. Corporate financial analysis and structuring expertise. Corporate bank working product knowledge (e.g. Trade finance, risk participations, sponsor guarantees). Familiarity with industry best practices in corporate recovery and restructuring. Knowledge of relevant legal frameworks and bankruptcy laws is desirable. Experience in trade finance products and risk nuances associated with international trade finance operations in an international banks setting. 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. Written and verbal proficiency in English. Please refer to the link for ADB Competency Framework for TL6. 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 ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is headquartered in Manila and owned by 69 members—50 from the region. 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 Officer will conduct risk assessments and due diligence for ADB's nonsovereign operations, primarily loans and guarantees to Financial Institution counterparties, while managing their own portfolio of transactions. Responsibilities include analyzing creditworthiness, drafting credit opinions, assigning risk ratings, and advising origination teams on risk mitigation measures.