Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.
1 Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle
Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).
In the event that the staff appointed to a new category (i.e. from AS to NS, or from NS to IS) is rated at 2 or lower in the first two performance reviews after appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category.
Multiple positions at various levels may be filled from this vacancy notice. Actual position title and level will be based on the candidate’s qualifications, experience and job scope that will be assigned to the selected candidates.
Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 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 only hires nationals of its 68 members.
The position is assigned in the Credit Division 1 or 2 (RMCD1 / RMCD2) within the Office of Risk Management (ORM). RMCD1/RMCD2 provides advice on deal structuring and risk mitigation and provides credit decision and approval for financial institutions, project finance, corporate finance transactions, and equity investments. ORM has a broad mandate and ensures that ADB’s Treasury, Sovereign, and Nonsovereign operations are sustainable by safeguarding ADB’s rating, advising Board and Management on risk issues and implementation and promoting a strong internal risk culture.
To view ADB Organizational Chart, please click here.
The Risk Management Specialist/Senior Risk Management Specialist/Principal Risk Management Specialist provides guidance on risk assessments and related due diligence work for various types of ADB’s nonsovereign transactions, including loans and guarantees in corporate finance, project finance, or financial institutions and/or equity investments across sectors, as well as provide risk oversight in the monitoring of existing transactions. The position’s responsibilities include recommending appropriate risk mitigation measures and transaction structuring including pricing, security arrangement, financial covenants, and other terms and conditions of transactions; and approving credit-related waiver and amendment requests, evaluating changes in scope proposals, and opining on exit recommendations. It also supports the formulation of ADB policies, guidelines and practices on risk management and portfolio monitoring.
The incumbent will report to Director, RMCD1/RMCD2 and may supervise national and administrative staff.
a. Risk Assessment
b. Transaction Monitoring
Relevant Experience and Requirements
The selected candidate is appointed for an initial term of 3 years.
ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB’s standards and computation, taking into account the selected individual’s qualifications and experience.
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.
Please note that the actual level and salary will be based on qualifications and experience of the selected candidate.