Risk Management Specialist

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.

Corporate Middle Office (CMO):

• Support formulation and maintenance of Bank-wide Valuation Policy on assets and security collaterals in line with the best business practices.

• Perform the independent valuation function on OCR and other funds.

• Coordinate with the Financial Control Department in finalization of quarterly valuation and impairment for financial statements and ensure proper reconciliation of the NAV reported in the Bank's financials with the actual investments data (including those provided by the custodians for the managed accounts under EFM; i.e. External Funds Managers).

• Ensure regular monitoring of security and collateral / guarantees valuations and the Loan to Value (LTV) ratio on a periodic basis.

• Ensure adherence for the funds managed/administered by Investment Department to the applicable and relevant investment policies.

• Perform the performance, risk and compliance monitoring and reporting activities on Bank-wide investment (mainly Equity, Managed Accounts under EFM, PE Funds), project operations (mainly project financing extended to the Bank's member-countries) and Treasury (Liquidity Management)

• Ensure Pre-Trade and Post Trade Investment Compliance checks are performed on non-Treasury Investments.

• Perform detailed and comprehensive reporting on a periodic as well as adhoc basis.

• Perform execution of 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 operations.

• Ensure maintenance and custody of risk management master data and ensure unique identification for obligor across all relevant systems

Operational Excellence and Support:

• Ensure that the relevant IsDB databases are accurately and timely updated

• Propose and implement process improvements to increase efficiency, effectiveness and compliance of the related operations.

• 
  Bachelor's degree in Economics / Finance / Risk Management / Mathematics / Business Administration or related discipline.

• Professional certifications like CFA/PRM/FRM/CQF or equivalent is preferred.

• Minimum 5 years of relevant experience in Risk Management Function, of which at least 2 years in Investment oversight, Market Risk, Control, Monitoring and Reporting, preferably in a Multilateral Development Bank or a Multinational Bank.

• 
  Risk Assessment skills.

• Asset Valuation Techniques, Financial Modeling.

• Governance, Risk and Control, Attention to detail.

• Analytical Thinking.

• Problem Solving

• 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