Join Our Mission to Foster Prosperity in Asia

Are you ready to make a difference in the future of Asia and be a catalyst for positive change We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.

Organizational Setting and Reporting Relationship

The position of Head Office of Risk Management is assigned to the Office of the Head ORM within the Office of Risk Management (ORM). You will be based at our Headquarters in Manila Philippines. All reasonable relocation expenses will be covered.

You will report to Vice President Finance and Risk Management and will oversee assigned international and local staff.

Your Role

As the Head of the Office of Risk Management you will provide strategic leadership in continuously developing planning implementing and overseeing ORMs vision mission strategies and work plans. Your role is to ensure the adoption of best practices and the sound prudent management of credit market and operational risks across ADBs operations. Beyond possessing advanced technical expertise in risk management this position demands a deep knowledge of the development landscape exceptional leadership skills and the ability to serve as a reliable business partner strengthening innovation and collaboration both within the Bank and with key external stakeholders.

You will be responsible for: (i) developing implementing and overseeing ADBs comprehensive risk management framework to ensure all risks remain within the Banks risk tolerance; (ii) providing timely reports and expert advice on various ADB-wide risk issues; (iii) developing enforcing and monitoring all risk related policies and guidelines; and (iv) managing ADBs capital adequacy framework including conducting regular stress-testing to validate the institutions risk bearing capacity. You are expected to maintain the effectiveness of ORM as a second line of defense function foster innovation promote a robust risk-taking culture and to proactively keep Senior Management and the Board informed of emerging risk issues and significant portfolio developments.

You will:

a. Leadership and Strategic Management

• Develop articulate and disseminate the vision objectives strategic development plans and key performance areas of the Office of Risk Management throughout the organization ensuring alignment with ADBs and offices goals as well as compliance with ADB overarching strategies.

• Lead the planning execution and oversight of ORMs work plans while systematically monitoring the quality of deliverables and progress toward both the offices long-term and annual objectives.

• Provide leadership in identifying opportunities for improvement within ORMs policies and programs undertaking special projects as needed to increase the offices overall effectiveness.

• Oversee all aspects of human resource and staff management issues including recruitment performance evaluation and enhancement professional development and training as well as conflict resolution.

• Introduce implement and sustain innovative and best practice approaches to risk management operations.

• Participate in risk-related meetings as well as investment credit and portfolio risk management meetings organized by ORM.

b. Credit Risk Assessment

• Provide overall leadership in the identification assessment and mitigation of risks associated with all new non-sovereign transactions including loans guarantees and equity investments. Ensure that the approval process for each new transaction fully adheres to established credit policies and guidelines.

• Lead the assignment of risk ratings and offer independent recommendations regarding risk mitigation strategies deal structuring and pricing.

c. Credit Portfolio Monitoring

• Provide overall leadership in applying best practices to the monitoring and reporting of the non-sovereign operations portfolio. Additionally oversee the management of watch-listed and impaired non-sovereign transactions to protect asset quality and minimize potential losses.

• Deliver quarterly presentations to the Audit Committee of the Board highlighting significant portfolio risk developments market and operational risks capital adequacy and other key risk issues.

d. Market/Treasury Risk and Operational Risk

• Provide overall leadership in implementing best practice for managing market and counterparty risks in treasury operations including overseeing derivative collateral management and performing valuation of derivatives and borrowings for financial reporting.

• Oversee the development and ongoing enhancement of the risk management framework for Treasury operations.

• Participate in the Asset and Liability Committee meetings.

• Provide overall leadership in the identification and management of operational risks throughout ADBs activities.

• Lead the development implementation and regular review of all risk-related policies procedures models and methodologies to ensure they align with best practices and the institutions evolving needs.

• Oversee the ongoing development and maintenance of robust risk management IT systems ensuring they effectively support the Banks risk assessment and reporting requirements.

• Provide overall leadership in coordinating the annual review of ADBs credit ratings by rating agencies.

• Offer expert advice to Senior Management and the Board on critical risk management and capital adequacy issues.

e. Operations Management and Staff Supervision

• Lead internal coordination of the ORMs work program ensuring seamless collaboration across departments to support ADB-wide decision-making processes.

• Manage human and budgetary resources ensuring all ORM staff demonstrate technical excellence professionalism and uphold the highest ethical standards.

• Provide comprehensive leadership and managerial oversight for all activities within ORM.

• Oversee daily operations by providing clear guidance on operational issues and ensuring adherence to ADBs risk management policies.

• Effectively manage the performance of teams and individuals by providing clear direction conducting regular monitoring and offering constructive feedback to support continuous improvement.

• Deliver coaching and mentoring teams and individuals fostering their ongoing learning and professional development.

• Oversee budget and resource allocation for the office ensuring optimal efficiency in the use of resources including staffing and training needs.

f. Coordination and Communication with Internal and External Stakeholders

• Promote effective coordination and proactive collaboration with other departments and internal stakeholders.

• Foster productive relationships with key external stakeholders and other financial institution counterpartsincluding multilateral development organizations rating agencies government regulators and private sectors entitiesto support the achievement of the offices objectives goals and strategies.

• Provide ongoing updates to Senior Management regarding significant developments emerging opportunities and challenges along with timely actionable recommendations.