Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.
1 Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle
Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).
Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.
ADB only hires nationals of its 68 members.
The position is assigned in the Risk Policy and Architecture Division (RMPA) within the Office of Risk Management (ORM). ORM is responsible for ensuring that ADB’s goal of poverty alleviation is sustainable through (i) safeguarding ADB’s rating, (ii) advising Board and Management on risk issues, and (iii) promoting a strong risk culture.
RMPA establishes and maintains policies, procedures, and tools for risk management that are consistent with those of other MDBs and prudent banking principles. The principal responsibilities of RMPA include: (i) establishment and maintenance of best practice policies, methods and procedures for credit, market and operational risk; (ii) development and maintenance of tools and systems to support enterprise-wide risk management; (iii) establishment and maintenance of a Ratings Desk; (iv) analysis, rating, and monitoring of the creditworthiness of ADB’s sovereign borrowers; (v) reporting to management on the aggregate risks in ADB´s operations, including compliance with limits and the adequacy of loss reserves and capital, through the Quarterly Risk Management Report.
To view ADB Organizational Chart, please click here.
The Associate Risk Management Officer will (i) provide support in the development and maintenance of policies, methodologies, analytics, procedures, and tools pertaining to credit risk; (ii) contribute to the production of related presentations, reports, recommendations, and policy responses; (iii) providing user support in the implementation and maintenance of credit risk related systems; and (iv) conduct training/knowledge sharing sessions on risk rating tools/systems. The incumbent will be expected to use analytic, quantitative, and qualitative methods both independently and in coordination with other staff.
The incumbent will report to the designated International Staff and senior National Staff.
Helps in developing policies and methodologies concerning capitaladequacy, exposure limits, and provisioning policy for the combined ordinarycapital resources and Asian Development Fund;
Conducts researchand gathers data on best market practices in risk management, including thepractices of other multilateral development banks and ratings agencies;
Helps in developingan economic capital planning model for nonsovereign transactions;
Assists in developingtools and methodologies for rating the credit risk of public and privateborrowers;
Helps in developingtools and methodologies for the pricing of credit and other risks associatedwith a transaction;
Facilitatestraining on credit risk methodologies, including the rating tools;
Responds toqueries from operational users of ADB’s rating and pricing tools;
Designs andimplements information technology systems for risk management;
Prepares variousrisk management presentations, reports, recommendations, and policy responses;
Updates databasesused for risk management tools and systems; and
Performs otheranalytical work and research as may be assigned by the position’s immediatesupervisor.
Relevant Experience & Requirements
- Bachelor’sdegree in economics, finance or accounting, preferably with Certified Public Accountant(CPA), Chartered Financial Analyst (CFA), or MBA qualification.
- At least 6years of experience in commercial banks, consultingfirms, or similar financial institutions; preferably in the areas of credit andfinancial analysis.
- Soundknowledge of best industry practices in risk management such as Basel II, etc.
- Familiaritywith risk rating tools, credit pricing, exposure limits, capital adequacy, andrelated topics in the area of risk management.
- Excellentwritten and verbal communication skills in English.
- Good computer skills with sound knowledge of commonword-processing, spreadsheet, and presentation software as well as analyticaltools.
- Provenability to work independently on areas of analysis and research which havewell-defined scope and steps.
- Please refer to the link for ADB CompetencyFramework for National Staff Levels 1 – 2.
The selected candidateis appointed for an initial term of 3 years.
ADB offers competitiveremuneration and a comprehensive benefits package. Actual appointmentsalary will be based on ADB’s standards and computation, taking into accountthe selected individual’s qualifications and experience.
This vacancy is a localstaff position. It is open only to national and residents of Philippines.
ADB seeks to ensure that everyone is treated with respect andgiven equal opportunities to work in an inclusive environment. ADB encouragesall qualified candidates to apply regardless of their racial, ethnic, religiousand cultural background, gender, sexual orientation or disabilities. Women arehighly encouraged to apply.
Please note that the actual level andsalary will be based on qualifications of the selected candidate.