Senior Risk Management Officer

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 Senior Risk Management Officer 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/or designated International Staff, and may supervise Administrative Staff.

Your Role

As a Senior Risk Management Officer, you will support the establishment of a new second line of defense function for liquidity risk management including (i) the oversight of liquidity-related activities of the Treasury Department in ensuring that the ordinary capital resources (OCR) funds and other Funds are managed in accordance with ADB policies and guidelines; (ii) participation in the review, update and formulation of policies and guidelines governing the Bank's liquidity activities; (iii) active contribution to the integration of financial projections in the capital planning process of the Bank; and (iv) assessment of assumptions about ADB's future liquidity needs for both the short and long term that reflect the complexities of its underlying businesses, products, and markets.

You will:

A. Liquidity Risk Assessment

• Coordinate the 2nd line of defense activities with different stakeholders to build an effective liquidity risk oversight.
• Actively ensure adherence of the first line of defense activities to internal liquidity risk policies.
• Contribute to ORM's second line of defense role, by independently assessing and reporting on potential gaps and emerging liquidity risks.
• Develop and report on a set of commonly used liquidity risk indicators in line with regulatory advice on prudent commercial banking practice.
• Monitor and report on expected cash flows from ADB's balance sheet and operation.
• Assess the management of ADB's local currency liquidity, including limits.
• Conduct scenario analysis and stress test of ADB's liquidity position; regularly reviews the appropriateness of methodologies, parameters and scenario settings.
• Rigorously assess regular financial reports to support ORM oversight responsibilities in liquidity risk management.
• Ensure that periodic liquidity-related reports are properly submitted to senior management and the Head of the Office of Risk Management.
• Contribute to the Quarterly Risk Management Report.
• Support special projects and ad hoc needs in the areas of liquidity risk analysis and financial projections.

B. Policy advisory role

• Provide advisory support on all issues relating to ADB's liquidity risk management.
• Identify, articulate, and escalate liquidity risk matters appropriately to Director, RMTL.
• Assist in responding to questions around liquidity risk management from senior management and other stakeholders by ensuring prompt resolution and follow-up of questions.
• Participate in the reviews and provides inputs as necessary to documents prepared by other departments in the Bank: Borrowing program, Net Income Allocations, Budget etc.
• Effectively communicate and collaborate across ADB's departments (including Treasury, Controller's and first line of defense departments responsible for business origination), establishing interdepartmental procedures to enable liquidity analysis in an accurate and timely manner.

C. Model Risk and Research

• Collect and evaluate modeling results for liquidity risk oversight, in-depth quantitative analysis on all aspects of models including assumptions, model design and implementation as well as reporting.
• Perform ad hoc investigations around liquidity issues and representation of data and liaises with the appropriate teams in order to gain insight.
• Carry out extensive research on methodologies and best practices developed by other international financial organizations including, but not limited to, multilateral development banks and rating agencies with respect to liquidity risk management.
• Enhance all liquidity related documentation in ORM in accordance to internal control best practices.

D. Automation and Integration of liquidity management

• Support the capital planning function in reviewing and facilitating the integration of financial projections in the capital adequacy model.
• Automate reporting of liquidity under the metrics used by the three international rating agencies.
• Back-test liquidity projections to assess areas of potential improvement.
• Maintain good communication with the Treasury Department to help drive and facilitate liquidity risk activities.
• Actively participate in the design, enhancement, development, and testing of a wide range of automation solutions that involve liquidity planning.
• Support the execution of project development and technology enhancements to support the liquidity risk management function.

E. Others

• Perform other duties that may be assigned as reflected in the incumbent's work plan.

Qualifications

You will need:

• Bachelor's degree in a quantitative field such as finance, statistics, mathematics, economics or related fields; preferably with Master's Degree or equivalent advance training.
• Qualification as CFA, FRM, MBA, or similar qualification would be advantageous.
• At least 8 years of relevant experience in risk management and/or treasury operations and hands-on experience in balance sheet liquidity risk management / ALM with a commercial bank or multilateral development bank, and at least 4 years of supervisory experience.
• Thorough understanding of multilateral financial institution's balance-sheet dynamics and treasury operations.
• Substantial knowledge of liquidity management and risk management as well as topical issues relevant for multilateral financial institutions.
• Demonstrated knowledge and experience of balance-sheet modelling, financial projections and reporting.
• Proficiency with financial analytics and programming tools.
• Strong analytical skills and strategic thinking.
• Strong understanding of relevant Treasury and ADB-wide policies, programs, procedures, guidelines and reporting formats. Knowledge of risk policies, guidelines, methodologies and systems in other peer multilateral development banks.
• Proven ability to undertake background research, analytical and evaluative work on difficult but well-defined tasks.
• Excellent written and verbal communication skills in English.
• Proficiency in ADB standard software programs and information technologies.
• Please refer to the link for the ADB Competency Framework for TL6.