Risk Management Specialist

Reference #	ADB-HR-13-0321
Position Title:	Risk Management Specialist
Department	Office of Risk Management
Division	Credit Risk Assessment Division, ORM
Location	Manila, Philippines
Recruitment Type	International
Date Posted	31 May 2013
Closing Date	17 June 2013 , 5:00 p.m. (1700 Manila Time, 0900 GMT)

Job Purpose:

Conduct risk assessments and related due diligence work for ADB’s new non-sovereign transactions in the form of loans, guarantees, and equity investments and recommend appropriate risk mitigation measures and transaction structuring inputs including pricing, security arrangement, financial covenants, and other 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 external/internal counterparties, with supervision for critical tasks.

Expected Outcomes

Risk Assessment
- Assess and provide recommendations for key transaction risks, covering, inter alia, sponsor, commercial and structure risks in proposed financing transactions.
- Ensure reliability of key assumptions for quantitative cash flow analysis based on technical, commercial, legal, regulatory, financial, institutional, governance, managerial, safeguards, fiduciary and capacity considerations.
- Assess and present findings on valuation methodologies and exit strategies for equity investment proposals.
- Provide advice and recommendations to deal origination teams on appropriate risk mitigation measures, deal structuring issues, risk adjusted pricing, security and other commercial terms , and financial covenants throughout the credit process.
- Provide credit notes for all types of non-sovereign transactions in both the concept review and final approval stages.
- Ensure appropriate pricing of non-sovereign transactions based on the risk profile, capital requirement, portfolio impact, and market considerations.
- Ensure the compliance of each transaction with portfolio management objectives with respect to prudential limits and validate diversification and/or concentration implications 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 recommendations for approval of risk ratings for new transactions.
- Provide support for Investment Committee’s meetings.
- Assume ad hoc project duties and other forms of assignments.

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

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

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.

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.
- Provide coaching and mentoring to reporting staff and ensure their on-going learning and development.

Educational Requirements:

• A Master’s degree, or equivalent, in finance, business administration, economics or other related fields. University degree in finance, business administration, economics or other 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 relevant experience in an international bank, rating agency, equity fund or multilateral/bilateral development organization, in risk management, deal origination or investment appraisal.
- International experience working in development in several countries.
- Experience in infrastructure project finance, corporate finance, lending to financial institutions, structured finance, derivatives and related banking activities.
- Excellent oral and written communication skills in English.

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
- The following staff positions may be supervised by the incumbent:

• National Staff
• Administrative Staff.

Women are encouraged to apply.

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