Job: Senior Risk Management Specialist

Location: Manila 
Deadline: Tuesday, 29 October 2013 

Description

Job Purpose:

The Senior Risk Management Specialist will

(i) lead the review of existing nonsovereign loans and guarantee transactions, evaluation of waiver, amendment and consent requests, establishing the fair value of private equity funds and direct investments, as well as assessing exit strategies of all equity investments and risk categorization of private equity funds; and

(ii) provide support for the formulation of ADB policies, guidelines and practices on risk management and portfolio management.

Work within general policies, principles and goals, working directly with clients.

Expected Outcomes

Credit Monitoring

• Lead the review of the quality of monitoring reports of all nonsovereign debt, guarantee, and equity transactions, and determine the appropriate frequency of the Monitoring Report for each transaction.
• Lead the evaluation of credit risk of loans and guarantees, review proposed risk ratings on the basis of the country, sector, market and financial analysis provided in the monitoring reports, and recommend appropriate ratings.
• For equity investments, lead the review proposed valuations in terms of methodology and accuracy, and to comment on the feasibility of proposed hold and/or exit recommendations in the monitoring reports.
• Lead the evaluation and recommendation of approval for waivers of and amendments to loan covenants and terms and conditions in other legal documents, restructuring proposals for performing assets, and all changes to the security package for previously approved transactions. Recommend risk mitigation measures including relevant covenant structures, security arrangements, risk defeasance arrangements as applicable to reduce the risk profile of transactions.
• Recommend placing transactions on the watch list based on increased risks or adverse trends, and, if necessary, recommend a higher risk rating.
• Recommend specific provisioning and plans to reduce exposure, and transfer of impaired transaction to ORM's Corporate Recovery team, for transactions with a final risk rating of NSO13 and D.
• Participate actively in selected due diligence missions and special reviews of countries, sectors, products, or corporate groups that have elevated risks.
• Lead the development of consistent reporting formats and assessment templates for different product groups (debt/equity/private equity fund) and sectors (banks, non-bank financial institutions, infrastructure, structured deals, etc.).
• Lead discussions with operations department on various risk issues by providing advice on ways to mitigate transactional risks and assessing impact on risk ratings of various change requests.
• Ensure high level of quality and consistency of all reports, ratings, and valuations presented.
• Lead the review and streamline the credit monitoring process/workflow, as necessary; and undertake special projects as directed.

Knowledge Sharing

• Develop and maintain knowledge of emerging best practices, and new Basel standards in risk management.
• Take a lead role in organizing and conducting risk training to promote a risk culture in ADB.

• Develop and maintain a suitable network with key stakeholders, keeping abreast of their work programs and activities.

Staff Supervision

• Lead teams and ensure the overall quality of work.
• Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
• Plan and ensure the on-going learning and development of reporting staff.

Educational Requirements:

Master's Degree, or equivalent, in Finance, Business Administration, Economics or related fields. University degree in Finance, Business Administration, Economics or other related fields combined with specialized experience in similar organization/s, may be considered in lieu of a Master's degree

Relevant Experience And Other Requirements:

Work experience

• At least 10 years of relevant experience in an international bank, multilateral/bilateral development organization, or consulting firm; preferably in the areas of credit and financial analysis. Familiarity with portfolio management concepts and the analytical tools needed to perform the associated analyses.
• International experience working in several countries

Technical Knowledge

• Proven ability to evaluate distressed loans, guarantees, and direct and indirect equity transactions.
• Excellent knowledge and demonstrated track record in all areas of credit risk management of individual transactions. Proven ability to capture the essence in terms of risks of transactions under review.
• Familiarity with risk rating methodologies, risk management frameworks, and relevant risk-related policies.
• Experience in valuation of listed and unlisted equities and ability to assess proposed exit strategies, and experience with Private Equity Funds would be an advantage.
• Knowledge of financial institution and project financings/structured finance would be an advantage.
• Strong analytical and creative problem solving skills.
• Good computer skills with sound knowledge of common word-processing, spreadsheets, power point, and graphics software used within ADB.

People and leadership skills

• When required, able to act as a mission leader / team lead, exercising supervision coordination, and planning responsibilities over the assigned team, with oversight from the Director or a more senior team leader
• Act as a mentor to more junior team members, providing guidance on projects and processing of loans/technical assistance
• Act as a coach to develop the capabilities/potential of more junior colleagues
• Excellent interpersonal and communication skills; good memo composition, editing skills, and strong presentation skills.

Core Competencies:

Application of Technical Knowledge and Skills

• Provides supervision to others in completing their technical tasks
• Called upon for advice and guidance based on expertise gained by working in different countries and organizations
• Contributes advanced knowledge and expertise to different parts of the Department

Client Orientation

• Proposes effective services and solutions to staff beyond presenting issues and past challenges
• Assists colleagues adapt to the cultural and business norms of diverse clients and country situations
• Gains respect for the breadth and depth of expertise demonstrated in effectively managing diverse clients and country situations
• Called upon to resolve client situations that may impact their long-term ADB relationship

Achieving Results and Problem Solving

• Resolves situations where client needs are not being met
• Shares past experiences from different projects, organizations, and countries to help achieve quality results
• Ensures that thorough analysis includes current and relevant factors from different countries and contexts
• Sought out for guidance and experience in overcoming the most challenging situations
• Draws on long-term relationships with stakeholders to help plan for and achieve results

Working Together

• Addresses team members not contributing to required standards
• Commits to delivering timely and high quality work to assist in the team's success
• Develops and maintains good internal and external peer and senior level relationships
• Helps teams understand common features to build rapport and overcome challenges

Communication and Knowledge Sharing

• Provides stakeholders with the level and quality of information required to achieve outcomes
• Encourages others to seek long-term solutions to address feedback opposed to focusing on immediate concerns or reactions
• Uses breath of multi-country and multi-client knowledge to equip clients and staff for more effective outcomes
• Designs and implements project and program knowledge and services

Innovation and Change

• Consistently seeks more effective and practical ways for the Departmental delivery of services, products, and processes
• Proposes new ways to improve the quality and relevance of products and services
• Includes the core benefits and reasons for change when developing comprehensive change roll out plans
• Influences and persuades decision makers by presenting business cases supporting the proposed changes

Immediate Reporting Relationships / Other Information:

• Supervisor: Director, RMCM
• The following staff positions may be supervised by the incumbent:

• Administrative Staff
• National Staff

More Info and Application