The Senior Risk Management Officer will conduct risk assessments and related due diligence work for ADB's nonsovereign transactions (loans and guarantees) particularly with financial sector clients, as well as assess the profile of existing transactions.
The incumbent will (i) recommend appropriate risk mitigation measures and transaction structuring inputs including pricing, security arrangement, financial covenants, and other terms and conditions of the transaction;
ii) review and evaluate monitoring reports of existing transactions; (iii) process waiver and amendment requests; (iv) validate the risk ratings, etc.
with minimal guidance and oversight by supervisors; and (v) provide support for the formulation of ADB policies, guidelines and practices on risk management and portfolio monitoring.
The incumbent will report to Director, RMCD1 and / or designated International Staff and may supervise Administrative Staff.
a. Transaction Monitoring
Reviews monitoring reports of nonsovereign loans and guarantee transactions, and determines the appropriate frequency of the monitoring report based on the specific risk profile of the transaction and recommends appropriate ratings;
Evaluates and recommends approval for waivers, amendments, and consents related to various proposed changes to loan covenants and terms and conditions in legal documents, restructuring proposals for performing assets, and all changes to the security package for previously approved transactions; and
Recommends risk mitigation measures including those relevant to covenant structures, security arrangements, risk defeasance arrangements as applicable to reduce the risk profile of transactions, placing transactions on the Watch List based on increased risks or adverse trends, and recommends transfer of impaired transactions to ORM's Corporate Recovery Team.
b. Risk Assessment
Reviews, assesses, and provides recommendations for key transaction risks, covering, inter alia, sponsor, commercial and structure risks in proposed financing transactions;
Provides advice and recommendations to deal origination teams on appropriate risk mitigation measures, deal structuring, risk adjusted pricing, security and other commercial terms, and financial covenants throughout the risk appraisal process; and
Provides credit notes for nonsovereign loans and guarantee transactions in both the concept review and final approval stages.
Assists ORM Management with guidance on inquiries related to financial institutions;
Participates in selected due diligence missions;
Provides support for Investment Committee meetings;
Assumes ad hoc project duties and other forms of assignments, as required; and
Provides support to other divisions and units in ORM as and when needed for special projects and tasks.
Relevant Experience & Requirements
University degree in Business Administration, Finance, or relevant fields, preferably with MBA, advance training and / or qualification as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA).
At least 8 years of relevant experience in international bank, rating agency, banking regulation or supervision, or multilateral / bilateral development organization, in risk management, deal origination or investment appraisal, a substantial portion of which is exposed to financial institutions;
and at least 4 years of supervisory experience.
Good familiarity with risk rating tools, loan pricing instruments, and developments in the area of risk management.
Good computer skills with sound knowledge of common word-processing, spreadsheets, power point, financial modeling and macro.
Strong report-writing and communication skills in English.
Please refer to the link for ADB Competency Framework for National Staff Levels 3-4.
The selected candidate is appointed for an initial term of 3 years.
ADB offers competitive remuneration and a comprehensive benefits package . Actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's qualifications and experience.
ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment.
ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities.
Women are highly encouraged to apply.
Please note that the actual level and salary will be based on qualifications of the selected candidate.