Asian Development Bank Headquarters Latest Jobs 2022

Important Information

Close relatives 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.
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 the appointment at the new level, they will return to the level occupied immediately prior to their appointment in the new category.

Job Purpose

The Senior Risk Management Specialist will lead the development and implementation of an integrated climate credit and market risk management framework including policies, processes, and tools to assess and report the impact of climate risk on ADB’s balance sheet and operations (sovereign, nonsovereign and treasury). The Specialist will support (i) implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), (ii) developing and implementing a comprehensive climate risk management methodology for application by ORM and in line with ADB’s wider climate risk management processes, (iii) assessment of credit risk and (iv) general formulation of ADB policies, guidelines and practices on risk and portfolio management.

The incumbent will report to Director, RMPA and will supervise National Staff and Administrative Staff.

Duties & Responsibilities

Climate Change Risk Assessment

• Leads the development and implementation of an integrated climate risk management framework with a focus on credit and market risk. Develops and implements necessary processes and tools.
• Specifies the data, processes, and systems required for monitoring of credit and market risk exposure to climate change.
• Monitors ADB´s credit and market risk exposure to climate change.
• Assesses and reports the impact of climate change on ADB’s balance sheet and operations (sovereign, nonsovereign and treasury portfolios).
• Assesses and compiles measures to manage climate risks in collaboration with SDCD.
• Collates outcomes associated with climate risk management measures in collaboration with SPD and SDCC.
• Contributes to the external reporting on climate change risks to ADB’s financial standing.
• Supports drafting of ADB’s TCFD reports. Ensures that reporting is aligned with TCFD recommendations.
• Supports ADB’s potential involvement in nature-related financial disclosure.
• Coordinates ADB’s interdepartmental working group on TCFD and on climate change risk management. Supports the implementation of any other recommendations associated with TCFD.
• Models climate scenarios analysis and stress tests.
• Develops and implements an Environmental, Social and Governance (ESG) framework for sovereign and nonsovereign operations.
• Engages with ADB Management and Board of Directors on a regular basis.
• Coordinates identification of important climate-related risks across ADB.

Credit Risk Assessment

• Assesses, risk rates, and monitors the creditworthiness of ADB´s borrowers
• Analyzes macroeconomic and industry trends.
• Enhances methodologies, tools, and processes for credit and market risk assessment.
• Liaises with research and operations departments to synthesize the information required for assessments of borrower credit risk.

Policy & Architecture

• Conceives, develops, supports, and implements policies, processes, methods and tools for identification, measurement, and management of risk.
• Reviews from a risk perspective policies and proposals prepared by other departments.

Knowledge Sharing

• Maintains knowledge of emerging best practices and standards in risk management.
• Provides support in organizing and conducting training to promote an appropriate risk culture in ADB.

Staff Supervision

• Leads multidisciplinary teams and ensures the overall quality of its work.
• Supervises the performance of teams and individuals, providing clear direction and regular monitoring and feedback on performance.
• Provides coaching and mentoring to individuals and ensures their ongoing learning and development.