Risk Management Officer

Job Posting Organization:
The Asian Development Bank (ADB) is an international development finance institution established to foster economic growth and cooperation in the Asia-Pacific region. Headquartered in Manila, Philippines, ADB was founded in 1966 and currently comprises 69 member countries, with 49 of them 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 in various sectors including infrastructure, education, health, and environmental sustainability, and employs a diverse workforce dedicated to its mission. ADB is known for its collaborative approach, working with governments, private sector, and civil society to implement projects that drive development and improve the quality of life for people in the region.

Job Overview:
The Risk Management Officer position is a critical role within the Treasury and Liquidity Risk Division of the Office of Risk Management at ADB. The officer will be stationed at the Thailand Resident Mission in Bangkok and will report to designated International Staff and Officers. The primary responsibilities include validating daily end-of-day valuations of ADB's swap portfolio, conducting market data verification, analyzing mark-to-market changes, and preparing relevant reports for financial reporting purposes. The officer will also be responsible for verifying collateral balances, reviewing counterparty exposure reports, and analyzing margin call disputes. This role requires collaboration with external collateral managers and custodians to resolve operational issues, ensuring that ADB's financial operations are resilient and efficient. The Risk Management Officer will play a vital role in maintaining the integrity of financial data and ensuring compliance with internal controls and risk management practices.

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

• Derivatives Valuation: Validate daily mark-to-market (MTM) valuations of ADB's derivatives portfolio for collateral management, ensuring accuracy and consistency of market data and valuation inputs. Facilitate resolution of valuation issues and conduct requisite checks to ensure the integrity of data used for reporting fair market values.
• Collateral Management Operations: Verify the accuracy and completeness of counterparty derivative valuations, validate end-of-day positions, and monitor collateral held and exposure summaries. Review margin call disputes and ensure compliance of counterparty exposures against limits.
• Trade Affirmation: Ensure that all trade details are affirmed with counterparties and that trades are correctly set up in the valuation systems. Validate trade details for exotic trades and help maintain valuation systems.
• Organizational Resiliency: Maintain an organizational resiliency process that addresses critical activities, ensuring continued operations during unforeseen events and business disruptions. Participate in testing and drills related to business continuity plans.
• Other tasks as assigned to manage workforce resources and maintain organizational efficiency.

Required Qualifications:
Candidates must possess a Bachelor's degree in accounting, finance, business administration, or other relevant fields, preferably with advanced training. A minimum of 8 years of experience in derivatives valuation, collateral management operations, and counterparty risk management is required, ideally with a major bank or international financial institution. Candidates should have experience with swaps and other derivative structures, collateral master agreements, and related documentation processes. Proficiency in word-processing tools, spreadsheets, and financial modeling is essential, along with a firm grasp of financial concepts and strong numerical skills. Excellent English speaking and writing skills are mandatory, as well as experience in coordinating tasks and building professional relationships. Candidates should demonstrate project management expertise and the ability to manage workload effectively while meeting deadlines.

Educational Background:
The educational background required for this position includes a Bachelor's degree in accounting, finance, business administration, or a related field. Advanced training or certifications in finance or risk management would be advantageous and preferred.

Experience:
The position requires at least 8 years of relevant experience in derivatives valuation, collateral management operations, and counterparty risk management. Candidates should have a strong background in financial institutions, particularly in managing swaps and derivative structures, as well as experience with collateral management processes and documentation.

Languages:
Fluency in English is mandatory, both spoken and written. Proficiency in additional languages relevant to the Asia-Pacific region would be considered an asset, although not required.

Additional Notes:
This position is a local staff role, open only to nationals and residents of Thailand. It is a fixed-term appointment with an initial duration of three years, with the possibility of renewal. The appointment is not convertible to a regular position, and there is no limit on the number of renewals. ADB offers competitive compensation and a comprehensive benefits package, including paid leave, medical and health benefits, life insurance, staff development opportunities, and a retirement plan. The organization is committed to creating an inclusive environment and encourages applications from all qualified candidates, particularly women.