Principal Model Risk Management Specialist at ADB, Manila, Philippines

Deadline: 27 June 2023

Asian Development Bank (ADB) is currently seeking applications from eligible applicants for the post of Principal Model Risk Management Specialist in Manila, Philippines. The duration of this post is 3 years.

The ADB aims for an Asia and Pacific free from poverty.

Key Jobs Responsibilities

The Principal Model Risk Management Specialist will perform the following functions-

• Model Risk Governance
  • Maintain and operate the model risk governance framework (MGF) and model governance structure.
  • Oversee development of detailed operations’ guidelines supporting the MGF.
• Knowledge Sharing
  • Maintain knowledge of emerging best practices and standards in model governance, model review and validation.
  • Provide support in organizing and conducting training to promote an appropriate risk culture in ADB.
• Staff Supervision
  • Manage model risk management team.
  • Lead multidisciplinary teams and ensures the overall quality of its work.

Eligibility Criteria

Applicants must have:

• Master’s Degree, or equivalent, in computer science, mathematics, engineering, finance, economics, statistics, or related field.
• University Degree in related fields and at least 5 year’s specialized experience relevant to the position can be considered.
• At least 12 year’s relevant international experience in a similar setting e.g. international financial institution, international bank, or other similar institution.
• Strong model development and validation experience.
• International experience working in several countries preferred.
• Working knowledge of financial theory; risk related models (credit, market, operational and liquidity etc.), capital (economic capital, regulatory capital) and stress testing models, pricing, and valuation models etc.
• Good knowledge of statistical analysis techniques, pertaining to risk modeling, particularly in wholesale credit risk, market risk and operational risk modeling.
• Excellent oral and written communication skills in English.

How to Apply

Applicants must submit their applications through online process.

For more information, visit ADB.