Senior Risk Management Assistant

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 has been operational since 1966 and currently comprises 69 member countries, with 50 of these from the Asia and Pacific region. ADB's mission is to alleviate poverty and promote sustainable development through financial assistance, knowledge sharing, and partnerships. The organization is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while also focusing on eradicating extreme poverty. ADB operates under its Strategy 2030, which aims to address the region's most pressing challenges. The institution values diversity and inclusivity, encouraging applications from all qualified candidates regardless of their background, and particularly encourages women to apply.

Job Overview:
The Senior Risk Management Assistant position is situated within the Treasury and Liquidity Risk Division of the Office of Risk Management at ADB. This role is crucial for providing analytical and technical support in assessing and reporting various market risks associated with ADB's treasury operations. The successful candidate will be responsible for generating compliance monitoring reports, conducting portfolio valuations, and analyzing investment performance. The role also involves ensuring compliance with market risk regulations, monitoring large payment settlements, and maintaining data integrity in risk management processes. The position requires a proactive approach to risk assessment and the ability to collaborate effectively with internal teams and external partners. The Senior Risk Management Assistant will play a key role in enhancing the systems used for risk management and will be expected to contribute to various IT projects related to treasury risk management.

Duties and Responsibilities:
The duties and responsibilities of the Senior Risk Management Assistant include preparing regular market risk reports and conducting analyses on market risk measures for different portfolios, such as risk sensitivities, duration, Value at Risk (VaR), and Expected Shortfall. The role involves administering externally managed assets (EAM) under ADB's Ordinary Capital Resources (OCR), verifying investment fund management fees, and ensuring compliance with contract terms. Additionally, the assistant will perform settlement risk monitoring, process limits compliance reports, and provide backup support for data integrity checks. The position also requires processing daily investment portfolio returns, extracting and reviewing data from databases, and generating ad-hoc reports. The assistant will support IT projects related to risk management and collaborate with external counterparties for report queries. Other tasks may be assigned as needed.

Required Qualifications:
Candidates for the Senior Risk Management Assistant position must possess a Bachelor's degree in finance, accounting, economics, engineering, mathematics, statistics, or a related field. It is beneficial for applicants to have passed Level I of the Chartered Financial Analyst (CFA) program. A minimum of 5 years of relevant professional experience is required, with a strong understanding of risk sensitivities, including option Greeks, and methodologies for Value at Risk and Expected Shortfall. Knowledge of global finance and capital markets dynamics, along with a solid foundation in investment and risk management principles, is essential. Proficiency in MS Office tools is required, and experience with applications such as Bloomberg is advantageous. Candidates must demonstrate strong written and verbal proficiency in English.

Educational Background:
The educational background required for this position includes a Bachelor's degree in finance, accounting, economics, engineering, mathematics, statistics, or a related field. Additional qualifications such as passing Level I of the Chartered Financial Analyst (CFA) program are considered beneficial and may enhance a candidate's application.

Experience:
The position requires at least 5 years of relevant professional experience in risk management or a related field. Candidates should have experience with risk sensitivities, methodologies for Value at Risk, Expected Shortfall, and scenario analysis. Familiarity with global finance and capital markets is crucial, as is a solid understanding of investment and risk management principles.

Languages:
Proficiency in English is mandatory for this position, both written and verbal. While English is the primary language required, additional language skills may be considered an advantage but are not explicitly stated as mandatory.

Additional Notes:
This is a fixed-term appointment for an initial period of 3 years, with the possibility of extension for up to 2 years, conversion to a regular appointment, or termination at the end of the initial period based on ADB's needs and the employee's performance. The position is open to both internal and external applicants. ADB offers a competitive salary and a comprehensive benefits package, including retirement plans, medical and health benefits, paid leave, life insurance, and opportunities for staff development. ADB is committed to creating an inclusive work environment and encourages applications from all qualified candidates.