Advisor, RMOD and Head, RMOD-RMU

The Advisor, RMOD and Head, Remedial Management Unit provides strategic leadership and senior-level oversight for ADB's watchlisted, stressed, and impaired nonsovereign exposures. The role involves leading remedial management, restructuring, recovery, risk mitigation strategies, and related portfolio risk processes, ensuring coordination with stakeholders and promoting institutional learning.

Responsibilities

• 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.

Requirements

• 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.

Skills

• Remedial Management
• Corporate Restructuring
• Credit Risk Analysis
• Distressed Asset Management
• Loan Assessment
• Corporate Recovery
• Workout Negotiations
• Recovery strategies
• Debt Restructuring
• Risk Mitigation
• Portfolio Risk Management
• Legal Frameworks Knowledge
• Bankruptcy Law Knowledge
• Leadership
• Management
• Multilateral Development Finance
• Financial Institutions Experience
• Stakeholder Coordination

Languages

English