Risk Management Analyst

Job Posting Organization:
The Asian Development Bank (ADB) is an international development finance institution that was established to foster economic growth and cooperation in the Asia-Pacific region. Headquartered in Manila, Philippines, ADB is composed of 69 member countries, with 50 of those from the Asia and Pacific region. The organization is dedicated to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while also focusing on eradicating extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under Strategy 203

• The organization emphasizes respect and equal opportunities for all employees, encouraging diversity and inclusivity in the workplace, and actively promotes the application of women and individuals from various backgrounds.

Job Overview:
The Risk Management Analyst position is situated within the Risk Policy and Architecture Division of the Office of Risk Management at ADB. The role is crucial for developing and maintaining policies, methodologies, quantitative models, analytics, procedures, and tools related to credit risk. The analyst will contribute to the production of presentations, reports, recommendations, and policy responses, while also providing user support for credit risk-related systems. Additionally, the analyst will conduct training and knowledge-sharing sessions on credit risk systems and related areas. The position requires a proactive approach to research and data gathering on best practices in risk management, ensuring that ADB's risk measurement and reporting are accurate and effective. The analyst will also play a key role in facilitating assessments of ADB's credit rating by external agencies and will be involved in the design and implementation of IT systems for effective risk management.

Duties and Responsibilities:
The Risk Management Analyst will be responsible for a variety of tasks, including:

• Developing policies and methodologies on capital adequacy frameworks, exposure limits, and provisioning using statistical and computational techniques such as regression analysis and Monte Carlo simulation.
• Conducting research and gathering data on best market practices in risk management, benchmarking against other multilateral development banks and ratings agencies.
• Supporting the accurate measurement and reporting of risks on ADB's balance sheet.
• Facilitating accurate assessments of ADB's credit rating by external rating agencies.
• Developing and maintaining quantitative and qualitative models and methodologies, including Probability of Default and Loss Given Default calibration, and economic capital models to support credit risk analysis and policy development.
• Contributing to the design and implementation of information technology systems for effective risk management.
• Preparing quantitative analyses, risk management presentations, reports, recommendations, and policy responses.
• Updating and maintaining databases used for risk management tools and systems.
• Performing other related tasks as assigned and reflected in the workplan.

Required Qualifications:
Candidates must possess a Bachelor's degree in economics, mathematics, statistics, finance or accounting, data science, or financial engineering. A master's degree or professional certifications such as CPA, CFA, or FRM are preferred. Additionally, candidates should have at least 5 years of professional experience in a financial institution, consulting firm, or international organization, focusing on quantitative risk management, credit modeling, capital modeling, or financial analytics. Knowledge of established quantitative risk management frameworks and techniques, such as Basel II/III, stress testing, and scenario analysis, is essential. Familiarity with capital adequacy, provisioning, credit pricing, exposure limits, and risk parameter modeling is also required. Candidates should have experience in quantitative risk modeling and statistical analysis, including proficiency in programming and statistical tools such as Python or R for financial analytics, as well as experience in automating analytical workflows and reporting using advanced spreadsheet functions. Proficiency in Microsoft Office and analytical tools is necessary, along with the ability to draft policies, procedures, and reports that translate complex quantitative and risk concepts into clear, actionable documentation.

Educational Background:
The educational background required for this position includes a Bachelor's degree in a relevant field such as economics, mathematics, statistics, finance or accounting, data science, or financial engineering. A master's degree or professional certifications such as CPA, CFA, or FRM are highly desirable and will enhance a candidate's qualifications for the role.

Experience:
The position requires at least 5 years of professional experience in a relevant field, such as working in a financial institution, consulting firm, or international organization. Candidates should have a strong focus on quantitative risk management, credit modeling, capital modeling, or financial analytics, demonstrating a solid understanding of the complexities involved in these areas.

Languages:
Proficiency in English, both written and verbal, is mandatory for this position. This is essential for effective communication within the organization and with external stakeholders. While English is the primary language required, knowledge of additional languages may be considered an asset but is not mandatory.

Additional Notes:
This appointment is open to both internal and external applicants and is a fixed-term appointment for an initial period of 3 years. At the end of this period, the appointment may be extended for up to 2 additional years, converted to a regular appointment, or ended based on ADB's needs and the employee's performance. ADB offers a competitive salary and a comprehensive benefits package, which includes a retirement plan (if applicable), medical and health benefits, paid leave (including parental leave), life and other insurance plans, and opportunities for staff development.