Risk Management Specialist (Market) - Asian Development Bank - Manila, Philippines

Office of the Head, ORM, Office of Risk Management

Closing Date: 15 February 2013 , 5:00 p.m. (1700 Manila Time, 0900 GMT)

 

Job Purpose:

Conduct and supervise a range of ADB’s activities in the monitoring of market, credit and operational risks related to liquidity portfolio and risk management of the borrowing and derivative portfolio. Assist in managing information technology (IT) systems, including development and maintenance of reporting and analytical tools for treasury market and credit risk management. Work within general policies and objectives, working directly with clients for critical tasks.

Expected Outcomes

a. Risk Assessment
- Review and formulate risk management policies and ensure that appropriate systems, procedures, limits and guidelines are in effect to implement those policies so as to pre-empt and avert financial stresses and crises.
- Identify, monitor and report market and counterparty risk exposures arising from treasury investment and funding operations.
- Monitor changes of counterparties’ credit ratings, undertaking credit researches and analyses, reviewing the requests for new swap counterparty, and evaluating the valuation methodologies for credit risk.
- Promote the application of advanced risk analytics to measure and monitor risk exposures and enhance the methodology and process to reflect new market development, risk policies, and technologies.
- Quantitatively evaluate treasury risk positions (mark-to-market or mark-to-model) including internally and externally managed investment portfolios, derivative portfolios, structured bond issuance and related swap transactions.
- Assist in supervising the functions related to investment and funding activities by ensuring a timely and accurate confirmation of swap transactions and a correct capturing of the trade terms and conditions.
- Prepare regular management reports on the performance of investment operations and related attribution analysis and contribute to the formulation of investment policy.
- Assist in the maintenance and implementation of analytical systems and reporting requirements of market and treasury risk to enhance the timeliness and accuracy of information to end-users via report automation, query access to data, and web-based reporting solutions.
- Assist in the project management of system implementations, data warehousing projects and other specialized projects to meet operational requirements.
- Work closely with other departments within the bank to promote risk culture and improve risk compliance.
b. Knowledge Sharing
- Maintain knowledge of emerging best practices, and new Basel standards in risk management.
- Lead and provide support in organizing and conducting risk training to promote a risk culture in ADB.
- Liaise with other multilateral development banks in sharing of information and knowledge on policies, methodologies, and related techniques used in credit risk management.
- Prepare regular risk reports for Management and Board consumption.
- Facilitate effective team coordination and provide support for relationship management and coordination with the Board, Senior Management and other departments.
c. Staff Supervision
- Provide leadership and support to reporting staff.
- Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
- Provide coaching and mentoring to staff to ensure on-going 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 8 years of risk experience in an emerging market environment in the Asia Pacific, international bank, or multilateral/bilateral development organization preferably with specific experience in investments and funding

- Solid knowledge of financial concepts and quantitative tools of risk and performance measurement, particularly as related to the areas of portfolio and asset management, and understanding of mortgage-backed, asset-backed and corporate bonds, structured products and options, among others
- Strong quantitative skills in the area of market and counterparty risk management and derivatives
- Ability to ensure and improve upon the flow of information for management regarding the ongoing risk, compliance and performance of investment and funding operations
- Strong analytical capabilities, leadership qualities and interpersonal skills
- Ability to work in a multicultural environment
- 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: Head, ORM
• The following staff positions may be supervised by the incumbent:
  • Administrative Staff
  • National Staff 
   

Apply Online