Risk Management Specialist (Climate)
Job Vacancy | Monday, December 9, 2024
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- Reference Number 240817 Position Level IS 4 Department Office of Risk Management Division Risk Policy and Architecture Division Location Asian Development Bank Headquarters Date Posted Monday, December 9, 2024 Closing Date Monday, December 23, 2024 11:59 p.m. (2359 Manila Time, 0800 GMT)
Join Our Mission to Foster Prosperity in Asia
Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.
Organizational Setting and Reporting Relationship
The position of Risk Management Specialist (Climate) position is assigned to the Risk Policy and Architecture Division within the Office of Risk Management. You will be based at our Headquarters in Manila, Philippines.
You will report to Director, RMPA and may supervise national staff and administrative staff.
Your Role
As a Risk Management Specialist (Climate), you 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) application of climate-related risk into analytical processes for risk, (ii) general formulation of climate-related financial risk for ADB policies, guidelines, and practices for risk management, and (iii) preparation of climate-related disclosures and reporting and implementing the recommendations of the Task Force on Climate-related Financial Disclosures.
You will:
a. Climate Risk
- Support development and implementation of integrated climate risk management framework with focus on credit and market risk. Develop and implement necessary processes and tools.
b. Climate-related Financial Risk
Enhance methodologies, tools, and processes for financial risk assessment. Liaise with research and operations departments to synthesize information required for assessments of financed entities.c. Climate Risk Policy & Architecture
Support development, implementation and monitoring of policies, processes, methods and tools for identification, measurement, and management of risk. Review from a risk perspective policies and proposals prepared by other departments.d. Climate-related Financial Risk
Enhance methodologies, tools, and processes for financial risk assessment. Liaise with research and operations departments to synthesize information required for assessments of financed entities.e. Climate Risk Policy & Architecture
Support development, implementation and monitoring of policies, processes, methods and tools for identification, measurement, and management of risk. Review from a risk perspective policies and proposals prepared by other departments.f. Staff supervision
Mentor junior staff and support their learning and integration into the division and department in effective ways. Supervise the performance of reporting staff, providing clear direction and regular monitoring and feedback on performance. Ensure the ongoing learning and development of reporting staff.Qualifications
You will need:
Master's degree in finance, economics or equivalent; or University degree in related fields and at least 5 years specialized experience relevant to the position can be considered. At least 8 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. Please refer to the link for ADB Competency Framework for International Staff Level 4.Benefits
ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB's standards and comparator markets, taking into account your qualifications and experience.
Paid leave (including parental) Medical and health benefits Life and other insurance plans Staff development Retirement plan Housing and education allowance (if applicable) Expatriate benefits (for international staff)Additional Information
ADB will be rolling out a new job grading structure on 1 January 2025, which may result in a change of the position grade and title with no change in the terms of reference. By proceeding with your application, you acknowledge and accept all changes resulting from the new job grading structure.
The position title upon appointment is Risk Management Specialist.
About Us
Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.
ADB only hires nationals of its 69 members.
To view ADB Organizational Chart, please click here.
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.
Visit ADB Careers FAQ for more information.
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