Senior Risk Management Specialist

Job purpose

Oversee the Bank activities including investment, treasury and project operations financing portfolios to identify gaps and provide a macro view of the financial, compliance, and risk status of the overall Bank's portfolio. This is achieved through (a) effective monitoring and reporting process in close coordination with the relevant stakeholders, (b) robust internal control practices for proper fiduciary and risk oversight, and (c) smooth, streamlined and well-designed processes to proactively manage risks including quality assurance, systems and tools, monitoring & data, and proper reconciliation with the Bank's financials. The incumbent shall possess proven analytical skills and sound understanding of Risk Management, Compliance and Internal Control best practices to play a key oversight role on the Bank's Investments, Treasury and Projects Financing Operations to ensure data completeness and accuracy for timely production of the financial statements, proper assets safeguarding, compliance while contributing to maintaining high standards of client service as Multilateral Development Bank.

Key Accountabilities

Corporate Middle Office (CMO)
- Lead the establishment of an effective Bank-wide Valuation Policy on assets and security collaterals in line with the best business practices.
- Lead the independent valuation function on OCR and other funds.
- Lead the data reconciliation process on a monthly basis and produce the valuation and impairment report in close coordination with the relevant internal stakeholders (Financial Control, Investment, IT) and the Custodians (related to investment portfolios under EFM, i.e. External Fund Managers) for input in the Bank financial statements.
- Establish a monthly summary report in close coordination with the team to provide evidence of regular monitoring of security and collateral / guarantees valuations and the Loan to Value (LTV) ratio on a periodic basis.
- Establish a monthly comprehensive performance risk return report on the Bank investment portfolios (Equity, Managed Accounts under EFM, PE, etc.) including an assessment of the adherence to the applicable prevailing Investment Policies Statement.
- Design and implement in close coordination with the relevant stakeholders the control activity to ensure that Pre-Trade and Post Trade Investment Compliance checks are performed on non-Treasury Investments.
- Lead the execution and preparation of the report on IFRS-9 Expected Credit Loss models for quarterly reporting and analytics and provide assistance to Financial Control Department for impairment and provisioning calculations for all financing and investment assets.
- Prepare a report on a monthly basis in close coordination with the team to provide evidence of proper maintenance and custody of risk management master data and ensure unique identification for each obligor across all relevant systems.
- Coordinate with custodians' counterparts (EFM investments custody) to maintain Bank-wide Investment Portfolio data managed/administered by the Investment Department.

Operational Excellence & Knowledge Share:

- Provides technical guidance and reviews the work delivered by lesser experienced team members.
- Monitors the effective implementation and adherence to respective risk management policies, procedures and controls so that all relevant procedural / legislative requirements are fulfilled.
- Keeps abreast of the latest developments, regulations and leading practices in the field and proposes any necessary actions.
- Proposes and implements process improvements to increase efficiency, effectiveness and compliance of the related operations.
- Contributes to preparation of work plans and financial budget for the operational risk function and monitors actual expenditure against the approved budget.

Academic and professional qualifications
- Bachelor's degree in Economics / Finance / Risk Management / Mathematics / Business Administration or related discipline.
- Certifications like CIA/CFA/PRM/FRM/CQF would be preferred.
- Minimum 8 years of relevant experience in Risk Management Function, of which at least 3 years in Investment oversight, Market Risk, Control, Monitoring and Reporting, preferably in a Multilateral Development Bank or a Multinational Bank.

Skills & Necessary Knowledge
- Risk Assessment skills
- Asset Valuation Techniques.
- Risk Reporting
- Financial Modeling
- Portfolio Management
- Governance, Risk and control.
- Islamic Finance (a plus)
- Analytical Thinking.
- Problem Solving.
- Attention to detail.
- Stakeholder Management
- IT literate (MS Office, Programming, SAP, Power BI, Bloomberg, Reuter, Misys/ FusionInvest, etc.)
- Sound understanding of Accounting principles (IFRS)
- Ability to read and understand financial statements
- Financial Modeling, Data Reconciliation/ Validation
- Strategic Asset Allocation, Capital Market, Market Risks