Independently analyse and appraise risks of EBRD’s new and existing portfolio FI debt transactions. Identify required due diligence, recommend appropriate risk mitigation measures and transaction structures, including security, covenants, and pricing. Advise bankers and the Bank’s Committees to ensure that banking projects comply with the Bank’s sound banking mandate. The Associate Director, Senior Risk Officer reviews portfolio projects, assigns credit ratings and communicates trends in the portfolio and lessons learned to management and peers for their broader strategic decision-making and bottom-up stress-testing. The Associate Director, Senior Risk Officer may be responsible to lead, coach and manage junior Credit Managers, analysts and junior bankers rotating through Country and FI Credit Risk Management Team. The Associate Director, Senior Risk Officer may be required to deputise in the absence of the Director, Country and FI Credit Risk Management Team.
Accountabilities & Responsibilities
- Establish an independent and unbiased view on projects proposed to the Operations Committee / SBIC / under Delegated Authority and make clear recommendations or approvals on each proposal.
- Take responsibility for the credit risk of several country portfolios of FI transactions, including agreeing the annual Financial Institution Credit Risk Envelope and defining the credit risk appetite for each country risk portfolio.
- Take responsibility for the credit risk assessment of major international banking groups with activities in Countries of Operation.
- Take responsibility for product approval and management of key products offered to Partner Financial Institutions.
- Take responsibility for ensuring that the team has the adequate information data feeds, including maintenance of the S&P Rating Scorecard and the SNL data feed, including preparation of financial models based on that data feed.
- Take responsibility for ensuring that enough portfolio analytics is available (for example via Tableau) to ensure that the whole team has the necessary tools to understand the profile and risk of their portfolios.
- Analyse the key risks of each proposal and advise on risk mitigation measures, structures, tenor, security, covenants and condition precedents, to the project teams and, via credit notes. Review integrity and anti-money laundering issues to ensure compliance with internal guidelines and advise on referral to the Office of the Chief Compliance Officer as required. Appraise the validity and reliability of key assumptions of each proposal, including via involvement in the commissioning and review of independent due diligence and travel.
- Ensure projects comply with any relevant risk guidelines, prudential limits set by the Bank, and that appropriate ratings are assigned for probability of default and loss given default. Have the ownership of Risk data in the area of responsibility.
- Exercise independent delegated authority regarding portfolio actions (including certain waivers and amendments), and recommendations to senior management on matters requiring higher level approval (including transfers to corporate recovery, provisions and more significant restructuring, etc.).
- Lead proactive and regular monitoring of the assigned portfolio counterparties, countries and market developments. Actively and constructively, engage with Banking and other relevant staff to ensure adequacy of front-line monitoring and coach Banking when appropriate (including through Banking
- staff rotation in Country and FI Credit Risk Management).
- In liaison with Risk Policy and Analytics and other Credit teams lead FI sector portfolio input to any FI sector portfolio stress-tests or other periodic portfolio reviews for senior management. Collaborate with other members of staff; especially in the Banking Department, Finance, the Office of the General Counsel and EPG to ensure effective cross-departmental and business functioning.
- Participate in various executive Bank committees – including the Operations Committee, SBIC, RiskCom etc.
- Participate and contribute positively to various initiatives within Risk Management or bank-wide.
- Be an agent of credit culture dissemination, including managing and mentoring of bankers on rotation.
Knowledge, Skills, Experience & Qualifications
- Advanced degree in finance, business, economics or equivalent on the job training.
- Extensive experience of analysing financial institutions, knowledge of country risk and sovereign creditworthiness analysis.
- Act as the risk expert for FI debt projects and provide operational guidelines to the Banking teams and provide input into project selection and prioritisation.
- Knowledge of emerging markets, CIS, CEE and SEMED.
- Strong experience of using data feeds, third party models, construction of in-house models to ensure good quality credit analysis in the team. Good Excel knowledge, ideally coupled with experience in Python and Tableau.
- Have the required people management skills for junior staff under his/her responsibility.
- Influencing skills in challenge to the Banking team’s selection, structuring and portfolio management of the transaction and ability to articulate different views.
- Deliver clear authoritative conclusions in the context of large volumes and tight timescales. Proven skills and track record in autonomous decision-making capacity at a senior level in credit and equity risk in high risk environments.
- Strong written and spoken communication skills.
- Ability to analyse and size up projects rapidly and to make authoritative recommendations.
- Ability to build rapport and understanding with bankers and gain their respect by presenting sound arguments based on evidence.
- Ability to deliver information in the right format to differing groups by having effective writing and verbal skills.
- Willingness to find and share technical knowledge about international best practice, specific industry, country or projects.
- Solution-orientated approach and a collaborative working style, ability to understand and awareness of the perspectives of others.
Diversity is one of the Bank’s core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote flexible working.