Associate 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. The organization is owned by 69 members, with 50 of them 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. ADB is committed to creating an inclusive environment where everyone is treated with respect and given equal opportunities, encouraging applications from all qualified candidates regardless of their background, gender, or disabilities.

Job Overview:
As an Associate Risk Management Officer at ADB, you will play a crucial role in implementing the operational risk management framework across various departments, specifically focusing on Third Party, Resilience, and Technology Change Management risks. Your responsibilities will include collaborating with different departments to ensure that necessary controls are in place and aligned with ADB's developmental impact goals. You will also be responsible for training stakeholders on the Operational Risk Management tool (OpRiM) and generating management reports, while supporting them in identifying root causes of incidents and mitigating issues. Your work will contribute to strengthening ADB's organizational resilience and enhancing risk management practices for both external and internal changes. This position requires a strategic mindset, as you will need to ensure compliance with ADB's operational risk management framework and foster a motivated team culture that aligns with ADB's values.

Duties and Responsibilities:
The Associate Risk Management Officer will have a comprehensive set of duties and responsibilities, including:

• Strategic Management: Ensure that stakeholders managing Third Party, Resilience, Process Execution, and Technology Change risks understand and comply with ADB's operational risk management framework. Foster a motivated and productive team culture consistent with ADB's values.
• Operational Risk Management: Implement the Operational Risk Framework across departments managing Third Party, Resilience, Process Execution, and Technology Change risks. Identify risks, agree on appropriate controls, test them, and monitor mitigation actions through the OpRiM tool, reporting progress to management. Ensure that any material events or incidents are reported in the operational loss database, including near misses.
• Risk Governance and Reporting: Prepare documents related to risk management for relevant governance meetings, collaborating with multilateral organizations and educational institutions to share industry best practices. Review communications and provide comments on risks not identified in the areas of Third Parties, Resilience, and Process Execution and Technology Change.
• Institutional Coordination: Coordinate with departments managing Third Party, Resilience, and Change Management risks, along with risk domain Subject Matter Experts (SMEs), to embed operational risk into ADB's culture. Stay informed of departmental changes and collaborate with stakeholders to complete change risk assessments.
• Policy and Methodology: Review amended and revised policies and practices, providing feedback on their fitness for purpose. Work with risk domain SMEs to develop Risk Appetite statements, metrics, and key performance indicators aligned with industry best practices and ADB's vision.

Required Qualifications:
To qualify for the Associate Risk Management Officer position, candidates must possess a Bachelor's degree in business, finance, banking, economics, accounting, or related fields, with a preference for advanced training. Additionally, candidates should have at least 5 years of relevant professional experience in risk management, demonstrating a strong understanding of industry best-practice operational risk management tools and techniques. A solid understanding of change risk management, including system and business change/projects across a development bank's portfolio, is essential. Candidates must also exhibit strong written and verbal proficiency in English, along with demonstrated relationship management and collaboration skills.

Educational Background:
The educational background required for this position includes a Bachelor's degree in business, finance, banking, economics, accounting, or related fields. Advanced training in these areas is preferred, as it enhances the candidate's ability to understand and implement risk management frameworks effectively.

Experience:
Candidates should have a minimum of 5 years of relevant professional experience in risk management. This experience should include a demonstrated understanding of operational risk management tools and techniques, as well as familiarity with change risk management across a development bank's portfolio. The ideal candidate will have a proven track record of successfully managing risks and implementing effective risk management strategies.

Languages:
Proficiency in English is mandatory for this position, both written and verbal. This is essential for effective communication and collaboration within the organization and with external stakeholders. While English is the primary language required, knowledge of additional languages may be considered an asset, enhancing the candidate's ability to engage with diverse partners and stakeholders.

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 years or conversion to a regular appointment based on ADB's needs and the candidate's performance. ADB offers a competitive salary and a comprehensive benefits package, including a retirement plan, medical and health benefits, paid leave (including parental leave), life and other insurance plans, and opportunities for staff development. The organization encourages applications from both internal and external candidates, promoting an inclusive work environment.