Risk Management Specialist

Job Description

Credit Risk Assessment Division, ORM, Office of Risk Management Closing Date: 15 June 2012 , 5:00 p.m. (1700 Manila Time, 0900 GMT) Job Purpose:

Conduct risk assessments and related due diligence work to evaluate risk areas and recommend appropriate risk mitigation measures, including inputs for the terms and conditions of the transaction. Provide support for the formulation of ADB policies, guidelines and practices on risk management and portfolio monitoring. Work with broad policies and objectives, working directly with clients, with supervision for critical tasks.

Expected Outcomes

a. Risk Assessment
- Assess key transaction risks, covering, inter alia, sponsor, commercial and project structure risks in proposed financing transactions.
- Ensure the quality of assumptions based on due diligence on technical, commercial, legal, regulatory, financial, institutional, governance, managerial, safeguards, fiduciary and capacity considerations.
- Assess the valuation methodologies and exit strategies for equity investment proposals.
- In cases of state-owned enterprise financing, oversee and assess the value of the entity in question, quality of the investment program or stand-alone project proposed, existing debt structure, strength of the income stream, suitability of the tariff regime and the formulas for changing it, and specific security package to safeguard the interests of ADB.
- Provide advice and recommendations to the project teams on appropriate risk mitigation measures, deal structuring issues, pricing, terms and conditions, and financial covenants throughout the entire credit approval process.
- Provide credit notes for all types of nonsovereign transactions during both the concept review and transaction review phases.
- Ensure appropriate pricing of nonsovereign transactions based on the risk profile, capital requirement, portfolio impact, and market considerations. Ensure that each transaction complies with portfolio management objectives with respect to exposure limits, diversification and/or concentration as advised by the Credit Portfolio Monitoring Division.
- Participate in due diligence assessments where the proposed transaction’s complexity or unique risk profile warrants; Participate in independent site visits for proposed transactions where warranted.
- Provide inputs into and recommendation for approval of risk ratings for new transactions.
- Provide support for Investment Committee meetings.
- Ensure compliance with portfolio monitoring objectives with respect to exposure limits, diversification and/or policy guidelines.
- Provide assistance with complex and multi-disciplinary problem solving.
- Supervise ad hoc projects and/or assignments.

b. Policy and Methodology
- Provide support and inputs in the review and updating of ADB’s policies, guidelines and practices on risk management.

c. Credit Portfolio Monitoring
- Work with Credit Portfolio Monitoring Division to provide support and inputs on overall portfolio monitoring tools, processes and policy.

d. Knowledge Sharing
- Maintain knowledge of emerging best practices, and new Basel standards in risk management.
- Provide support in organizing and conducting risk training to promote a risk culture in ADB.

e. Staff Supervision
- Provide leadership and support to reporting staff.
- Supervise the performance of teams and individuals, providing clear direction and regular monitoring and feedback on performance.
- Ensure the ongoing learning and development of reporting staff

Educational Requirements:

Master’s Degree, or equivalent, in finance, business administration, economics or related fields. University degree in finance, business administration, economics or related fields, combined with specialized experience in similar organization/s may be considered in lieu of a Master’s degree.

Relevant Experience And Other Requirements:

- Suitability to undertake the responsibilities mentioned above at the required level
- At least 6 years of relevant experience in an international bank, equity fund, or multilateral/bilateral development organization
- Excellent oral and written communication skills in English.
- International experience working in several countries.

Core Competencies:

Application of Technical Knowledge and Skills

• Regularly shares knowledge on new international best practice trends in comparator situations
• Proactively applies relevant international best practices to own work
• Convinces others to adopt international best practice by explaining the situational relevance and benefits

Client Orientation

• Helps colleagues work effectively with clients in different contexts and from diverse backgrounds and country situations
• Adapts own approach and style when interacting with clients, as opposed to requiring them to adapt
• Draws upon international best practice in exploring solutions with clients
• Confirms the clients’ understanding and agreement before progressing

Achieving Results and Problem Solving

• Draws on own and others’ multi-country experience to identify viable courses of action when conducting analyses
• Helps internal and external clients achieve quality results beyond presenting problems and precedent
• Highlights possible solutions for project issues based on relevant multi-country and/or multi-client experience
• Regularly contributes insights and experiences to colleagues in the Division to help them achieve quality results
• Overcomes unexpected difficulties and challenges to produce desired outcomes

Working Together

• Maintains collaborative relationships within the Department
• Works effectively with diverse colleagues in own and other Divisions and Departments
• Flexibly alters positions and adjusts previously stated points of view to support the group consensus
• Follows through on team priorities in the absence of a team leader

Communication and Knowledge Sharing

• Checks the audience’s level of understanding and awareness of required follow up actions
• Consistently seeks and addresses feedback on own performance
• Creates knowledge products endorsed for wider distribution based on lessons and multi-country experience
• Independently amends and clarifies messages and documents

Innovation and Change

• Actively supports work improvement and/or organizational change by work and deed
• Develops and adopts change plans to support Division initiatives on which one works
• Considers current and future client needs in proposing ideas
• Vocalizes early support for change
• Recommends inputs to new policies, systems and processes in immediate work area

Immediate Reporting Relationships / Other Information:

• Supervisor: Director, RMCA
• The following staff positions may be supervised by the incumbent:
  • Administrative Staff
  • National Staff

Women are encouraged to apply.