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Risk Management Officer

2 days ago

Manila, National Capital Region, Philippines Asian Development Bank (ADB) Full time

Job Description - Risk Management Officer

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 Officer is assigned to the Operational Risk and Risk Governance Unit (RMOD-OGU) within the Office of Risk Management. You will be based at our Headquarters in Manila, Philippines.

You will report to Advisor, RMOD and Head, RMOD-OGU and/or designated technical international staff.

Your Role

As a Risk Management Officer, you will ensure the Operational Risk Management System (OpRiM) effectively supports ADB's operational risks management by developing and implementing functionalities based on user needs and assessing proof of concept solutions from OpRiM vendor or alternative vendors, if OpRiM does not meet requirements.

You will also support: (i) monitoring and assessing operational risks including the preparation of the Quarterly Risk Management (QRM) report; (ii) implementing and maintaining an integrated operational risk management framework across organizational lines; and (iii) ensuring consistent and comprehensive identification, measurement, monitoring, mitigation, and reporting of operational risk across ADB.

You will:

a. Operational Risk Management Framework Implementation

  • Update and maintain all operational risk management systems, models, and tools. Serve as the OpRiM Governance, Risk and Control (GRC) expert, acting as solution administrator, including testing and back-end support.
  • Support the implementation and deployment of the operational risk management framework, including conducting operational risk assessments, key risk indicator processes, loss incident collection, and scenario analysis.
  • Support in developing, implementing, and maintaining policies, guidelines, and best practices on operational risk management, to promote and embed a strong risk culture within ADB.
  • Conduct root cause analysis on reported risk events and make recommendations preventing their reoccurrence.

b. Operational Risk Reporting

  • Independently collect and validate operational risk data for further analysis and usage.
  • Provide inputs to the QRM and ensure its accuracy, completeness, and delivery

c. Special Risk Reviews and Assessments

  • Independently collect, drill down, and analyze ADB operational risk data to support operational risk self-assessments, reviews, and reporting.

d. Others

  • Coordinate with risk champions and delegates to ensure they are trained on OpRiM.
  • Perform other tasks as assigned and reflected in the workplan.

You will need:

  • Bachelor's degree in finance, business administration, economics, engineering, or related fields; preferably with advanced training.
  • At least 8 years of relevant professional experience in one or more of the following: sovereign operations project processing, project implementation/ administration, and portfolio management.
  • Knowledge of Oracle Database systems and processing activities, or experience managing and maintaining a GRC system.
  • Understanding of risk management principles, governance, methodologies, and tools used in a financial services or multilateral financial institutions, including operational risk assessments, key risk indicators, and reporting.
  • Experienced in evaluating data and information to produce assessments, conclusions and reports using a wide range of sourced information.
  • Proficiency using Microsoft Office tools, and ability to work with data to ensure data quality remains at an appropriate level.
  • Practical experience managing stakeholders to effect change, and ability to collaborate with business units and internal audit team and can coordinate to ensure compliance with approved risk policies and procedures.
  • Demonstrated project management experience working in large banking or development projects.
  • Written and verbal proficiency in English.
  • Please refer to the link for ADB Competency Framework for TL5.

Benefits

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

  • 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 Staff's particular blend of skills and experience in the foreseeable future; and (b) Staff's performance is satisfactory and they are suitable for further employment.

About Us

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 members, 50 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 our Strategy 2030.

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.

LI-Onsite

: Asian Development Bank Headquarters-Philippines-Manila

Department: Office of Risk Management

Unit: Operational Risk and Risk Governance Unit, ORM

Staff Category: Technical Local - HQ

Position Level: TL5

: 05-Dec-2025, 8:46:21 AM

: 19-Dec-2025, 9:59:00 PM