Risk Management Specialist

You will need:

• A University degree in Computer Science Mathematics Banking Finance Business Administration Economics or related fields; preferably at post-graduate level or its equivalent.
• At least 6 years relevant professional experience ideally with specific experience in treasury risk management or derivatives valuation and collateral management.
• Quantitative expertise in market liquidity and credit risk management and derivatives with knowledge of relevant risk metrics.
• Proficiency in programming languages such as C .Net JS VB Python and Oracle; experience in data visualization tools such as Power BI is ideal.
• Experience designing and implementing cloud-based systems and applications.
• Experience providing technical and architectural guidance for cloud technologies.
• Experience coordinating with software developers system operators and other IT staff to manage cloud-based programs and ensure the successful implementation.
• Familiarity with third-party derivatives valuation tools such as Numerix MSCI Finastra is desirable.
• Demonstrated knowledge of financial and quantitative risk tools including mortgagebacked assetbacked and corporate bonds structured products and options with familiarity in ISDA Master Agreements and Credit Support Annexesparticularly counterparty risk provisionsan advantage.
• Written and verbal proficiency in English.
• International experience working in several countries.
• Please refer to the link for ADB Competency Framework for TI1.

Benefits

ADB offers a rewarding salary and a comprehensive benefits package. The salary will be based on ADBs standards and comparator markets taking into account your qualifications and experience.

• Housing and education allowance (if applicable)
• Expatriate benefits (if applicable)
• Retirement plan (if applicable)
• Medical and health benefits
• Paid leave (including parental)
• Life and other insurance plans
• Staff development

Additional Information

This appointment is open to internal and external applicants.

This is a fixed-term appointment for an initial fixed period of 3 years. At the end of the initial period this appointment may at the option of ADB be extended once for up to 2 years converted to a regular appointment or ended on its expiration date. This decision will be made in the overall interest of ADB that: (a) it will require Staffs particular blend of skills and experience in the foreseeable future; and (b) Staffs performance is satisfactory and they are suitable for further employment.

About Us

ADB is a leading multilateral development bank supporting inclusive resilient and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together ADB harnesses innovative financial tools and strategic partnerships to transform lives build quality infrastructure and safeguard our planet. Founded in 1966 ADB is headquartered in Manila and owned by 69 members50 from the region.

ADB only hires nationals of its 69 members.

To view ADB Organizational Chart please click here.

ADB wants 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.

Visit ADB Careers FAQ for more information.

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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 Risk Management Specialist is assigned to the Treasury and Liquidity Risk Division (RMTL) within the Office of Risk Management. You will be based at our Headquarters in Manila Philippines and relocation is required. All reasonable relocation expenses will be covered.

You will report to Director RMTL and will oversee junior team members.

Your Role

As a Risk Management Specialist you will conduct and supervise a broad range of activities related to the assessment monitoring and reporting of market liquidity and credit risks related to ADBs treasury operations covering investments borrowings and derivatives portfolios. You will also oversee RMTLs information technology systems ensuring the effective development and maintenance of analytical and reporting tools to support: (i) market liquidity and credit risk management; and (ii) derivatives valuation and collateral management operations.

You will:

• Promote and help implement advanced risk analytics to measure and monitor risk exposures. Enhance methodologies and processes to be aligned with evolving markets risk policies and technologies coordinating with ADBs Treasury and Information Technology departments and external providers of analytical tools and services.
• Support treasury risk valuation systems (marktomarket/marktomodel) covering derivatives structured bond liabilities and related transactions including collateral and counterparty management.
• Maintain processes for sourcing risk metrics and valuation data from external providers (including Bloomberg Numerix and other similar vendor solutions) to support the operations including derivatives portfolio valuation collateral management and risk analysis. Ensure the integrity and quality of the externally sourced data.
• Lead the maintenance and implementation of analytical systems and reporting requirements to enhance accuracy of information to end-users.
• Stay informed about financial and technological developments and global trends and contribute to the new approaches in the use of IT applications to improve RMTLs business processes.
• Lead project management of system implementations data warehousing and other ad hoc projects to align with evolving operational needs.
• Lead and provide support in organizing and conducting training on risk technology and analytics topics to promote a risk culture in ADB.
• Provide leadership mentoring and support to reporting staff and ensure their ongoing learning and development.
• Perform other responsibilities that may be assigned as reflected in your work plan.