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 was founded in 1966 and currently has 69 member countries, with 50 of them from the Asia and Pacific region. ADB's mission is to alleviate poverty and promote sustainable development, and it aims to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. The organization combines finance, knowledge, and partnerships to fulfill its expanded vision under Strategy 203

• ADB is committed to creating an inclusive work environment and encourages applications from all qualified candidates, particularly women and individuals from diverse backgrounds.

Job Overview:
As a Senior Risk Management Assistant at ADB, you will play a crucial role in providing analytical and technical support within the Treasury and Liquidity Risk Division. Your responsibilities will include conducting fundamental risk assessments and reporting on various types of credit risks associated with ADB's treasury operations. You will utilize credit risk tools to monitor and evaluate the credit profiles of counterparties, ensuring compliance with risk management processes. This position requires a proactive approach to data verification and the generation of compliance monitoring reports, as well as supporting system enhancement initiatives within the division. Your work will directly contribute to ADB's mission of fostering prosperity in Asia by ensuring sound risk management practices are upheld.

Duties and Responsibilities:
The duties and responsibilities of the Senior Risk Management Assistant include:

• Conducting credit risk assessments and preparing reports on treasury counterparties and investments, utilizing credit risk tools to monitor credit profiles, CDS spreads, security" style="border-bottom: 1px dotted #007bff !important;">security prices, and probability of default metrics.
• Preparing counterparty credit reviews with guidance from senior analysts and supporting the preparation of bank-wide risk reports for credit rating agencies.
• Generating daily production data and compliance monitoring reports, including systematic downloading of positions and securities attributes from various sources.
• Monitoring ratings updates and presenting market developments during regular counterparty watchlist review meetings.
• Managing counterparty attributes data by verifying changes, investigating exceptions, and alerting stakeholders on credit rating changes.
• Performing additional tasks as assigned by the management.

Required Qualifications:
To qualify for the Senior Risk Management Assistant position, candidates must possess a Bachelor's degree in finance, accounting, economics, engineering, mathematics, statistics, or a related field. Professional certifications such as Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) are advantageous. Candidates should have at least 5 years of relevant professional experience, particularly in financial markets and risk concepts, including credit ratings, Probability of Default, Loss Given Default, and derivative transactions. Experience in assessing counterparty credit risk and conducting portfolio stress testing is essential. Proficiency in Excel, PowerPoint, and Word is required, and familiarity with applications such as Bloomberg is a plus. Strong written and verbal communication skills in English are mandatory.

Educational Background:
The educational background required for this position includes a Bachelor's degree in a relevant field such as finance, accounting, economics, engineering, mathematics, or statistics. Advanced degrees or professional certifications like CPA or CFA are preferred and will enhance a candidate's qualifications for the role.

Experience:
Candidates should have a minimum of 5 years of relevant professional experience in risk management, particularly in financial markets. This experience should include a strong understanding of credit risk assessment, compliance monitoring, and the use of risk management tools. Familiarity with treasury operations and the ability to conduct thorough analyses of credit profiles and market developments are critical for success in this role.

Languages:
Proficiency in English is mandatory for this position, both written and verbal. While English is the primary language of communication at ADB, knowledge of additional languages may be considered an asset but is not required.

Additional Notes:
This position is a fixed-term appointment for an initial period of 3 years, with the possibility of extension for up to 2 additional years or conversion to a regular appointment based on performance and organizational needs. 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. The organization is committed to creating an inclusive work environment and encourages applications from all qualified candidates.