As a Senior Risk Management Specialist, you will provide guidance on risk assessments and related due diligence work for different types of ADB's nonsovereign transactions, including loans and guarantees for financial institutions, and 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 and evaluating changes in scope proposals. You will also help create ADB policies on risk management and portfolio monitoring.
Risk Assessment :
Review, assess, write credit opinion, and provide recommendations for key transaction risks, covering, inter alia, sponsor, commercial, industry, reputation and structure risks in proposed financing transactions.
Provide advice and recommendations to origination teams on appropriate risk mitigation measures, deal structuring, risk adjusted pricing, security and other commercial terms, and financial covenants throughout the risk appraisal process.
Provide guidance to origination and analyst teams on using the most appropriate rating models and inputs therein and approve the final credit ratings for individual transactions.
Provide credit notes for all types of non-sovereign transactions, including loans and guarantees for financial institutions, in both the concept review and final approval stages.
Develop best practice/lessons learnt for investments/exposure in a structured manner for sharing with/training of origination teams and stay up to date with developments in the sectors and transactions.
Transaction Monitoring :
Review monitoring reports of nonsovereign debt and guarantee transactions and determines the appropriate frequency of the monitoring report based on the risk profile of the transaction and recommending appropriate ratings.
Recommend approval for waivers, amendments, and consents related to different proposed changes to loan covenants, and terms and conditions in legal documents, restructuring proposals for performing assets, and all changes to the security package for previously approved transactions.
Recommend risk mitigation measures including those relevant to covenant structures, security arrangements, risk defeasance arrangements for financial institutions' loans or guarantees, as applicable, to reduce the risk profile of transactions, place transactions on the Watch List based on increased risks or adverse trends and recommend transfer of impaired transaction to ORM's Remedial Management Unit.
Initiate and coordinate sector specific reviews and assessments with relevant front office teams on the back of (adverse) country or sector developments.
Others :
Provide guidance to ORM Management on internal and external sector-related inquiries. Support knowledge sharing and train junior and technical local staff to build team capacity. Assume ad hoc project responsibilities and other forms of assignments.
Qualifications :
You will need:
Master's degree or equivalent in engineering, finance, economics, accounting or other related fields; or university degree combined with at least 5 years' specialized experience relevant to the position in similar organization/s can be considered.
At least 10 years of relevant experience in an international bank, rating agency, or multilateral/bilateral development organization in risk management, deal origination or investment appraisal of varied product types with a specific focus on financial institutions.
Substantial exposure to dealing with credit risk investment and monitoring issues related to complex debt and guarantee of transactions with financial institutions preferably in Asia and the Pacific region.
Experience in all aspects of credit risk assessments, mitigation, and structuring of debt, direct and indirect equity, or guarantee transactions including technical, financial, industry, and regulatory risk analysis.
Experience with lending and investment practices, banking products, financial modeling, rating methodology, and risk management concepts and methodology.
Working knowledge of regulatory environments in relevant jurisdictions.
Written and verbal proficiency in English.
International experience working in several countries.
