Asian Development Bank
tendersglobal.net
Job Description
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Description
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The Risk Management Specialist will support the development and implementation of an integrated climate 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) preparation of climate-related disclosures and reporting and implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), (ii) developing and implementing a comprehensive climate risk management methodology, (iii) assessment of portfolio and financial risk and (iv) general formulation of ADB policies, guidelines and practices on risk and portfolio management.
The incumbent will report to Director, RMPA and may supervise National Staff and Administrative Staff.
Responsibilities:
Climate Risk:
- Supports development and implementation of an integrated climate risk management framework with focus on credit and market risk. Develops and implements necessary processes and tools.
- Performs data management and manages and implements processes and systems required for monitoring and evaluation of financial risk exposure to climate change.
- Models climate scenarios analysis and stress tests.
- Assesses and reports the impact of climate change on ADB’s balance sheet and operations (sovereign, nonsovereign and treasury portfolios).
- Contributes to external reporting on climate change risks to ADB’s financial standing.
- Supports drafting of climate-related disclosure reports.
- Supports activities related to ADB’s interdepartmental working groups involved in climate change and climate risk.
- Supports application and implementation of sustainability and ESG frameworks for sovereign and nonsovereign operations.
- Engages with ADB Management on a regular basis.
Financial Risk:
- Enhances methodologies, tools, and processes for financial risk assessment.
- Liaises with research and operations departments to synthesize information required for assessments of financed entities.
Climate Risk Policy & Architecture:
- Supports development, implementation and monitoring of 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:
- Supervises the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance.
- Ensures the on-going learning and development of reporting staff.
Qualifications:
Relevant Experience & Requirements:
Relevant Experience & Requirements:
- A University degree in finance, economics or related field; preferably at post-graduate level or its equivalent.
- At least 6 years of relevant international experience in a similar setting e.g., international bank, banking regulator, international financial institution, investment management firm, or other similar institution.
- International experience working in several countries.
- In depth understanding and practical experience of quantitative and qualitative methods for analysis of climate change risk and financial risk
- In depth understanding and practical experience with climate-related disclosure standards and reporting frameworks.
- Excellent verbal and written communication skills in English.
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