Title:  Risk Management Specialist

OVERVIEW

JOB PURPOSE

In collaboration with the Lead/Senior Specialist, the role supports the Bank’s strategic objective of maintaining a sound and resilient portfolio by undertaking independent risk assessment of sovereign, financial institutions (FIs), sukuk investments, and investments in equity and funds. The role also requires participation in developing and updating risk assessment policies and guidelines and monitoring their effective implementation. This role is further responsible for monitoring and reporting on changes in risk profile of the sovereign and FI counterparts and also ensuring that the Bank’s internal rating models are kept updated with the latest market & macro-economic data.

KEY ACCOUNTABILITIES

Credit and Investment Risk Assessment:

• Undertake risk review of sukuk investment proposals reflecting transaction structure, credit risk, comparable yields, compliance with limits and the liquidity management policies and guidelines.
• Undertake risk assessment of financial institutions including initiating the internal rating using the applicable model; and also calculating the initial limits in compliance with the guidelines.
• Prepare financial institutions risk assessment notes for trade finance exposure addressing strengths and weaknesses in asset quality, capital adequacy, liquidity, profitability and corporate governance.
• Initiate the internal rating estimation for sovereign obligors using the Bank’s approved sovereign rating model and guidelines.
• Participate in the risk review of proposals for investments in equity and funds.
• Participate in developing and updating credit and investment risk management framework including risk assessment guidelines for financial institutions, project and corporate finance, country risk and investments in equity and funds.
• Monitor regularly the movement in the risk profile of the sovereign and FI counterparts in terms of changes in ratings and economic profiles and prepare reports highlighting the changes and the underlying key drivers.
• Participate in Users Acceptance Test (UAT) for any update and change related to internal rating models.
• Support the senior team members in updating the Loss Given Default Models (LGD) for Country Risk & Financial Institutions.
• Update regularly the ratings of the banks and financial institutions acceptable for placement of IsDB liquid funds.

Operational Excellence:

• Monitor the effective implementation and adherence to respective risk management policies and guidelines.
• Keep abreast of the latest developments, regulations and leading practices in the field of credit and investment risk management.
• Contribute to the preparation of the annual work plan and financial budget for the Credit & Investment Risk Division and monitor actual expenditure against the approved budget, including support of risk reporting requirements.
   

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Bachelor's degree in Economics / Finance / Risk Management / Mathematics / Business Administration or related discipline. Master’s Degree is preferable.
• Professional certifications like CFA/PRM/FRM/CQF or equivalent is preferred.
• Minimum 5 years of relevant experience in Credit Risk management. Experience of Credit Risk management in a multilateral development bank is highly preferable.
• Languages: English: Mandatory | Arabic: Preferred | French: Preferred

SKILLS & NECESSARY KNOWLEDGE

• Risk Rating Systems (PD & LGD Models).
• Database Management for Credit Risk Systems
• Risk Assessment skills.
• Asset Valuation Techniques.
• Credit Risk Management.
• Credit Risk Evaluation.
• Governance, Risk and Control.
• Analytical Thinking.
• Problem Solving

ABOUT APPLICATION PROCESS

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate

If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.