Senior Risk Management Officer

Job Posting Organization:
The Asian Development Bank (ADB) is a leading multilateral development bank established in 1966, headquartered in Manila, Philippines. ADB's mission is to alleviate poverty and promote sustainable development in the Asia-Pacific region. It is owned by 69 members, with 50 from the region, and employs a diverse workforce dedicated to fostering prosperity in Asia. ADB collaborates with its members and partners to address complex challenges, utilizing innovative financial tools and strategic partnerships to transform lives and build quality infrastructure. The organization is committed to creating an inclusive environment where all employees are treated with respect and given equal opportunities, encouraging applications from all qualified candidates regardless of their background, gender, or disabilities. Women are particularly encouraged to apply for positions within the organization.

Job Overview:
As a Senior Risk Management Officer at ADB, you will play a crucial role in conducting risk assessments and due diligence for ADB's non-sovereign operations transactions, which primarily involve loans and guarantees to Financial Institution (FI) counterparties, including commercial and investment banks, non-bank financial institutions, and insurance companies. You will manage your own portfolio of transactions, performing risk assessments and monitoring. This position requires a deep understanding of credit risk analysis, transaction monitoring, and the ability to provide strategic recommendations to mitigate risks associated with financing transactions. You will work closely with origination teams to ensure that appropriate risk mitigation measures are in place and will be responsible for drafting credit notes and risk assessment reports. Your expertise will contribute to the overall growth and effectiveness of the Credit Division within the Office of Risk Management.

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

• Conducting comprehensive risk assessments of financial institutions, analyzing creditworthiness based on quantitative, qualitative, and macroeconomic factors, and recommending exposure limits.
• Independently reviewing and assessing transaction documents, including Concept Clearance Papers, Final Review Memorandums, and Credit Notes, while providing recommendations for key transaction risks.
• Monitoring non-sovereign FI debt and guarantee transactions, determining the appropriate frequency of monitoring reports based on risk profiles, and recommending ratings.
• Approving waivers, amendments, and consents related to loan covenants and terms, as well as restructuring proposals for performing assets.
• Participating in due diligence missions and conducting independent site visits as necessary to ensure thorough risk assessments.
• Supporting ORM-wide projects and contributing to the planning of initiatives aimed at facilitating the growth of the Credit Division.
• Performing other credit risk management tasks as assigned by the Director of RMCD.

Required Qualifications:
To qualify for the Senior Risk Management Officer position, candidates must possess a Bachelor's degree in engineering, finance, economics, accounting, or related fields, with a Master's degree or equivalent preferred. Professional certifications such as Certified Public Accountant, Chartered Financial Analyst, or Financial Risk Manager are desirable. Candidates should have at least 8 years of experience in corporate or financial institution credit risk, preferably in a senior credit officer role, and at least 4 years of supervisory experience. Demonstrated skills in conducting CAMEL analysis for banks and non-bank financial institutions, along with corporate financial analysis and structuring expertise, are essential. Familiarity with industry best practices in corporate recovery and restructuring, as well as knowledge of relevant legal frameworks and bankruptcy laws, is also required.

Educational Background:
Candidates must have a Bachelor's degree in a relevant field such as engineering, finance, economics, or accounting. A Master's degree or equivalent is preferred, and professional certifications such as CPA, CFA, or FRM are considered advantageous. This educational background is crucial for understanding the complexities of financial transactions and risk management.

Experience:
The position requires a minimum of 8 years of experience in corporate or financial institution credit risk, ideally gained in a local or international bank, or in a major corporation, rating agency, equity fund, or multilateral/bilateral development organization. Candidates should have a strong background in risk management, deal origination, and investment appraisal, with at least 4 years of supervisory experience. Experience in regional financial institution sector analysis and knowledge of regulatory nonperforming loan classifications are desirable.

Languages:
Proficiency in English, both written and verbal, is mandatory for this position. This is essential for effective communication and reporting within the organization and with external stakeholders. Additional language skills may be considered an asset but are not mandatory.

Additional Notes:
This appointment is a fixed-term position for an initial period of 3 years, with the possibility of extension for up to 2 years or conversion to a regular appointment based on performance and organizational needs. ADB offers a competitive salary and comprehensive benefits package, including retirement plans, medical and health benefits, paid leave, and staff development opportunities. The organization is open to both internal and external applicants and emphasizes the importance of a diverse and inclusive workforce.