Advisor, RMOD and Head, RMOD-RMU

Organization
Asian Development Bank
Location
Manila, Philippines
Job Type
Full-time
Deadline for Applications
11/03/2026
How to Apply
Follow the link
Where to Apply
https://www.adb.org/careers/260938
Tags
Contract, Full-time

Join Our Mission to Foster Prosperity in Asia

Are you ready to make a difference in 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 Advisor, RMOD and Head, Remedial Management Unit is assigned to the Remedial Management Unit (RMOD-RMU) within the Office of Risk Management (ORM). You will be based at our Headquarters in Manila, Philippines and relocation is required. All reasonable relocation expenses will be covered.

You will report to Head, ORM and will oversee assigned international and local staff.

Your Role

As Advisor, RMOD and Head, Remedial Management Unit, you will provide strategic leadership and senior-level oversight for ADB’s watchlisted, stressed, and impaired nonsovereign exposures. You will lead RMOD-RMU in setting direction for remedial management, restructuring, recovery, risk mitigation strategies, and related portfolio risk processes, drawing on industry best practices. You will oversee nonperforming debt, guarantees, and impaired equity investments through prompt and cost-effective resolution; ensure strong coordination with Private Sector Operations Department (PSOD) and other stakeholders. You will lead RMOD-RMU in setting priorities, resources, and staff capability; strengthen risk governance and controls; promote institutional learning from lessons learned; and provide senior-level advice to support sound decision-making by ORM, Management, the Board, and other relevant stakeholders.

You will:

  • Provide strategic leadership to RMOD-RMU, setting its strategic direction, priorities, work program, and performance standards with ADB’s institutional priorities, ORM goals, and applicable policies.
  • Manage RMOD-RMU’s resources, including budget, staffing, operational priorities, performance management, and talent development.
  • Provide senior oversight of the Watchlist portfolio with PSOD, ensuring identification, escalation, and designation of stressed assets requiring remedial management.
  • Develop, maintain, and enhance RMOD-RMU processes for the identification, classification, and management of nonsovereign exposures requiring remedial management, in line with industry best practices.
  • Lead the development and implementation of remedial, restructuring, recovery, and risk mitigation strategies for stressed and impaired nonsovereign transactions.
  • Oversee RMOD-RMU’s management of nonperforming loans, guarantees, and impaired equity investments from transfer or designation through final resolution, with focus on prompt and cost-effective outcomes.
  • Provide senior guidance on complex financial, legal, and valuation analysis to determine appropriate workout and recovery options.
  • Lead complex workout negotiations and stakeholder engagements with obligors, creditors, external advisers, and other relevant parties. Represent ADB in workout and recovery forums, including the Special Operations Seminar, to support effective recovery outcomes and promote best practices.
  • Advise Head, ORM, Management, the Board, and other stakeholders on workout strategies, recovery plans, material transaction decisions, portfolio risks, significant developments, and emerging issues, and ensure timely reporting on impaired and nonperforming transactions to relevant governance bodies.
  • Strengthen coordination with PSOD, operational departments, legal, finance, and other stakeholders, while promoting a strong risk culture, institutional learning, and application of lessons learned from remedial and recovery work.

Qualifications

You will need:

  • Master’s degree in Finance, Business Administration, Economics, or other related fields. A University degree in finance, business administration, economics, or related fields and at least 10 years specialized experience relevant to the position can be considered.
  • At least 15 years relevant experience, preferably in a commercial bank, multilateral development bank, development finance institution, or other financial institution, with strong expertise in remedial management, restructuring, recovery, credit risk, distressed assets, and related financial, legal, and operational issues.
  • Demonstrated experience leading complex negotiations with borrowers, creditors, sponsors, and other external partners in workout, restructuring, recovery or distressed asset situations.
  • Experience applying remedial and recovery strategies across several markets preferably including Asia.
  • Experience assessing individual loans, guarantees, and direct and indirect equity investments from a corporate recovery perspective. Familiarity with industry best practices in corporate recovery and restructuring, and legal frameworks and bankruptcy laws, an advantage.
  • Proven management and leadership capabilities.
  • Written and verbal proficiency in English.
  • International experience working in several countries.
  • Please refer to the link to ADB Competency Framework for M1.

Benefits

ADB offers a rewarding salary and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.

  • Housing and education allowance
  • Expatriate benefits
  • Retirement plan (if applicable)
  • Medical and health benefits
  • Paid leave (including parental)
  • Life and other insurance plans
  • Staff development

Additional Information

This appointment is open to internal and external applicants.

This is a fixed-term appointment for a managerial position, initially for a period of 3 years or up to Staff’s Normal Retirement Date (NRD) whichever comes earlier, in accordance with Administrative Order No. 2.01 (Recruitment and Appointment). After the initial fixed-term period, ADB may choose to renew the appointment for an additional fixed term period of up to 3 years or allow it to expire. This decision will be made in the overall interest of ADB, based on factors including, but not limited to, ADB’s medium- to long-term plans for the organizational unit, the relevance of the staff’s skills to those plans, and the staff’s managerial and behavioral competencies. Notwithstanding the length of the initial or any subsequently renewed FT-M, the expiration date of any fixed-term appointment will not exceed the Staff’s NRD. There is no limit on the number of renewals up to Staff’s NRD. However, this appointment is not convertible to a regular appointment.