Risk Management Specialist

2 days ago

Manila, National Capital Region, Philippines Asian Development Bank Full time

Job Description

Description

Join Our Mission to Foster Prosperity in Asia

Are you ready to make a lasting impact on 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.

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

Your Role

As a Risk Management Specialist, you will conduct and oversee a range of activities in the assessment and reporting of market, liquidity and credit risks related to ADB's treasury operations covering investments, borrowings and derivatives portfolios. You will also lead RMTL's derivatives management operations which includes (1) valuation of ADB's derivatives portfolio and borrowings; (2) collateral management operations; (3) quantification and monitoring of counterparty derivatives exposures; and (4) representing risk management interests in the negotiation and execution of International Swaps and Derivatives Association (ISDA) Master Agreements and Credit Support Annex (CSA).

You will:

  • Promote and implement advanced risk analytics to monitor risk exposures; and enhance methodologies to align with evolving markets, risk policies, and technologies, coordinating with ADB's Treasury, Controller's, and Information Technology departments, and external providers of analytical tools and services.
  • Ensure robustness of internal systems for quantitative valuation of treasury risk positions (mark-to-market or mark-to-model) with a focus on derivatives portfolios tied to investments and structured bond liabilities which may embed optionality or otherwise be of an exotic nature.
  • Lead collateral management operations and counterparty management, ensuring that different internal and external teams coordinate to promptly address concerns including those related to derivatives valuations, and unfulfilled margin calls due to disagreements with counterparties.
  • 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 derivatives counterparty risk analysis. Ensure the integrity and quality of the externally sourced data.
  • Represent risk management interests in the negotiation and execution of ISDA Master Agreements and CSAs with derivatives counterparties, coordinating with ADB's Treasury Department and the Office of General Counsel.
  • Lead the implementation and maintenance of analytical systems and reporting requirements to enhance the accuracy of information to end-users. This includes report automation, data access, and using data visualization tools for reporting solutions.
  • Remain current on financial and technological developments and global trends and contribute to the new approaches in the use of systems related to risk metrics, valuation, and collateral management to improve RMTL's business processes.
  • Participate in the project management of system implementations, data warehousing, and ad hoc projects to meet evolving operational needs.
  • Work with other departments within ADB to promote risk culture and improve compliance.
  • Lead and support risk training to promote a risk culture in ADB, while mentoring and developing reporting staff.
  • Perform other responsibilities that may be assigned as reflected in the work plan.

Qualifications

You will need:

  • A University degree in Mathematics, Banking, Finance, Business Administration, Economics, or related fields; preferably at post-graduate level or its equivalent.
  • At least 6 years of relevant professional experience, with a preference for experience in treasury risk management, derivatives valuation, and collateral management.
  • Numerical experience in market, liquidity, and credit risk management and derivatives, including knowledge of relevant risk metrics.
  • Experience negotiating International Swaps and Derivatives Association (ISDA) Master Agreements and Credit Support Annex (especially sections having counterparty risk implications) as a credit risk manager is preferred.
  • Experience working with third-party tools for derivatives valuation such as Numerix, MSCI, and Finastra is preferred.
  • Solid knowledge of financial concepts and quantitative tools of risk and performance measurement, along with an understanding of mortgage-backed, asset-backed, and corporate bonds, structured products, and options is desirable.
  • A professional qualification in risk or finance (Financial Risk Management, Chartered Financial Analyst, or other related certifications) is beneficial.
  • Understand data, lead teams, and collaborate across different teams.
  • Excellent English speaking and writing skills.
  • International experience working in several countries.

ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB's standards and comparator markets, taking into account your qualifications and experience.

  • Paid leave (including parental)
  • Medical and health benefits
  • Life and other insurance plans
  • Housing and education allowance (if applicable)
  • Expatriate benefits (for international staff)

About Us

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.

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.

Primary Location

Department: Office of Risk Management

Division: Treasury and Liquidity Risk Division

Staff Category: Technical International (HQ)

Job Posting

Job Posting: 20-Mar-2025, 6:49:21 AM

Closing Date (Period for Applying) - External

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