Professional, Enterprise and Operational Risk

New Development Bank (NDB)


Ref: SP157-73

Job description / Role

Employment: Full Time

Closing on: March 14, 2024 at 11:59pm (China Standard Time)
Based in: Shanghai, China
Target Market: Global recruitment

Reporting to the Chief, Enterprise and Operational Risk, this position is responsible for the implementation and execution of all activities related to Cyber/IT Risks and Business Continuity Management, within the second line of defence. The incumbent will be responsible to provide support in development of enterprise risk management (ERM) framework and operational risk management (ORM) framework while identifying, assessing, monitoring and reporting these risks and raise awareness in the Bank to mitigate the same in line with the internal policies.

Specific responsibilities include but not limited to:

• Working along with IT, Cyber and business departments, developing methodologies to assess the maturity of the processes and controls, defining and tracking action plans to achieve the desired maturity;
• Applying best practices frameworks such as NIST, ISO, COBIT, ITIL;
• Supporting Information security management & assessment programs for the NDB as well as defining management reporting requirements;
• Supporting the set-up and implementation of enterprise-wide business continuity plans and preparedness to react to an emergency situation that could disrupt its normal operations;
• Monitoring all operational risk management activities of the NDB, analyzing risks within the NDB's different Departments/Divisions and reporting these risks to Senior Management and the BoD when required;
• Designing and implementing robust risk policies and guidelines, including risk appetite, risk and control self-assessments, key risk indicators, loss data event capture and analysis, business impact analysis, risk mitigation etc, ensuring compliance with applicable regulations, rating agency standards, strategic imperatives of the NDB and best practices in the market;
• Risk Governance: supporting appropriate structures, policies and procedures for enterprise risk management;
• Working in close coordination with the Internal Audit Department for risk assessment and risk ratings;
• Contributing to the development of the overall Risk Management Framework and Risk Appetite of the Bank as well as to the managing the capital adequacy; contributing to the development of the Bank wide stress testing;
• Benchmarking the Bank against industry best practice in enterprise and operational risk management;
• Providing specific risk inputs to the key stakeholders and developing knowledge and training materials to train the teams on risk awareness and management;
• Other duties and responsibilities assigned from time to time.


Position Requirements

• Minimum of 5 years of relevant professional experience in a multilateral development bank or equivalent or regulated private sector financial institution with hands-on experience in the Cyber/IT and Operational risks functions.
• In-depth practical and hands-on knowledge and experience developing and implementing Cyber and ORM frameworks.
• Established, up-to-date knowledge of international practices and standards related to enterprise risk and operational risk management, including the use of Key Risk Indicators, Risk Self-Assessments and Enterprise Risk Maps. Must have a strong ability to disseminate this knowledge effectively within NDB.
• Strong analytical skills and business sense. Highly driven, eager to learn and innovative.
• Excellent verbal and written communication skills.
• Exceptional problem solving, communication and interpersonal skills with high resilience and drive in achieving objectives and goals.
• Relevant experience in a multi-cultural work environment fostering a climate of team work and collaboration.
• Master’s Degree or equivalent in a relevant professional field from a reputed university.

Please note, this position is being re-advertised. Previous applicants need not apply as their applications will be evaluated together with the new set of applications.

About the Company

The New Development Bank (NDB) is a multilateral development bank (MDB) established by Brazil, Russia, India, China and South Africa (BRICS) with the objective of financing infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. NDB’s work complements the efforts of multilateral and regional financial institutions, toward global growth and development.

Our work is centered around maximizing the impact of development in a fast, flexible and efficient manner. To catalyze the kind of development we envisage, we are always keen to listen, learn and collaborate with other MDBs, governments, financial institutions and social organizations.

To fulfill its purpose, the Bank supports public or private projects through loans, guarantees, equity participation and other financial instruments.

Our headquarters is in Shanghai, China. The geographic distribution of NDB’s operations is becoming increasingly balanced as the Bank develops its capacity to identify and prepare projects in all member countries. The first regional office of NDB – the Africa Regional Centre (ARC) – was opened in Johannesburg, South Africa, in August 2017. In July 2019, NDB began to build the Americas Regional Office team, based in São Paulo, Brazil, with a sub-office in Brasília. NDB and the Government of Russia signed the Agreement on the Hosting of the NDB Eurasian Regional Centre in Moscow, Russia on the sidelines of the 11th BRICS Summit in Brasília in November 2019.

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