Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 67 members, 48 of which are from the Asia and Pacific region. ADB's mission is to reduce poverty and promote sustainable economic growth in the region. ADB's main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.
ADB only hires nationals of its 67 members.
The position is assigned in the Credit Risk Assessment Division (RMCA) within the Office of Risk Management (ORM). ORM ensures that ADB's goal of poverty alleviation is sustainable by safeguarding ADB's rating, advising Board and Management on risk issues and promoting strong risk cultures. RMCA analyzes the risk of all new non-sovereign debt, guarantee and equity transactions and provides independent recommendations to the Investment Committee.
To view ADB Organizational Chart, please click here.
The Associate Risk Management Analyst assists in performing financial statement processing, financial analyses, credit reviews, and risk assessments of ADB's nonsovereign loans (debt), investment (equity), and guarantees, primarily for banks under the Trade Finance Program (TFP), including new bank proposals, quarterly and annual monitoring of existing banks, and other ad hoc requests for facility revisions. Areas of investigation include credit, market, reputational and any other risks associated with the proposed transactions.
The incumbent will report to the designated International Staff and senior National Staff.
A. Financial Analysis
- Reviews audited financial statements of investee and borrower companies and inputs financial statements into templates/spreadsheets in the credit risk management system.
- Ensures accuracy and correctness of financial spreads inputted to the risk rating tools.
- Identifies and highlights key trends or outstanding issues in company financials.
- Performs other financial analysis as required, such as credit analysis, risk assessment, financial, modeling, industry analysis, or other tasks.
- Performs quality control of financial statement spreads processed by consultants.
B. Trade Finance Program (TFP)
- Assesses the quality and financial risk profile of banks under the TFP.
- Drafts credit notes and other forms of risk assessment reports for the TFP banks under review.
- Performs independent review, desk research, and market checking on banks under review and interacts with ORM staff and deal team members to discuss points of credit analysis for the banks and obtain inputs on policy and portfolio aspects, as required.
- Assists ORM with credit and financial assessment of other nonsovereign transactions including: company/sector/country research, financial modeling, or other analysis as required.
- Conducts research and gathers relevant data from external sources, assists the staff performing credit risk assessment and review, as required.
- Provides support to other divisions and units in ORM as and when needed for special projects and tasks.
- Performs any other duties as may be required, such as retrieving files/documents for preparation of reports, preparing tables and charts for reports, etc.
- Stays abreast of changes in accounting rules and standards.
Relevant Experience & Requirements
- Bachelor's degree in accounting, economics, or finance having a Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or MBA qualification would be advantageous.
- At least 5 years of experience in major commercial banks, investment banks, rating agencies or similar financial institutions; preferably with basic knowledge of trade finance.
- Proven ability to undertake background research, analytical and evaluative work on difficult but well-defined tasks, collect and organize data and information, apply computer skills in analyzing and developing data, and prepare notes, papers and reports.
- Good familiarity with risk rating tools, loan pricing instruments, and developments in the area of risk management.
- Good computer skills with sound knowledge of common word-processing, spreadsheets, power point, graphics software used within ADB, financial modeling and macro. Strong command of database applications, Visual Basic, and web design software preferred.
- Effective report-writing and communication skills in English.
- Please refer to the link for ADB Competency Framework for Administrative Staff Levels 6 - 7.
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 of the selected candidate.