Treasury Credit Risk Management (TCRM) is one of seven teams in EBRD’s Risk Management department and is responsible for the independent identification, analysis, surveillance and mitigation of credit risks in EBRD’s Treasury operations. These operations account for ca. 50% of EBRD’s balance sheet. They are generally low risk and mainly fulfil the purpose of liquidity and FX/interest rate risk management, even though a portion of the portfolio is composed of higher-risk counterparties located in EBRD’s countries of operations. The products handled encompass potentially the whole range of interest rate, foreign exchange and credit instruments available in the financial markets, with significant usage of complex instruments.
The Risk Manager, Treasury Credit Risk Management (TCRM) will work in a team serving as the focal point of all the key responsibilities for the credit risk management of EBRD’s Treasury operations. He/she will be involved in all major risk management issues arising in this context (even if sometimes led by other teams), including the monitoring of financial markets and financial institutions, rating assignment, trade and limit approval, modelling issues, negotiation of the standard legal documentation, collateral management, compliance and reporting as well as internal policy formulation.
Accountabilities & Responsibilities
- Contribute to the management of credit risks incurred in EBRD’s Treasury operations.
- As Primary Risk Manager responsible for a portfolio of Treasury’s counterparties (mostly high-grade banks, sovereigns and public sector entities), perform credit analyses through sector analyses and name-by-name assessments; analyse risks in specific product categories (e.g. ABS, OTC derivatives, covered bonds).
- Approve transactions/limits with delegated authority or make approval recommendations to the relevant authority.
- Ensure the correct implementation in the risk systems of limits, exposure modelling, and legal documentation for risk mitigation purposes.
- Apply quantitative tools (e.g. Potential Future Exposure) for credit exposure management and reporting, and to underpin specific policy decisions or ad hoc approvals; occasionally provide input with respect to model updates.
- Develop and update credit policy documents and internal procedures to ensure conformity with best practice;
- Negotiate legal agreements with Treasury counterparties (derivatives and repo master agreements) in cooperation with the legal department and Treasury.
- Monitor financial market trends in the relevant geographical and product segments; analyse the relevant regulatory developments.
- Contribute to risk reporting relating to Treasury operations.
- Help identify and resolve any process/control gaps.
- Represent TCRM in relevant internal committees and external meetings.
- Participate in ad hoc projects as required.
Essential Skills, Experience & Qualifications
- University degree in finance, business or economics, or comparable certifications.
- Relevant work experience in a financial institution.
- Understanding of the relevant financial markets and products, including the associated risk quantification, documentation and operational requirements.
- Knowledge of financial analysis, in particular of complex financial institutions.
- Previous exposure to credit policies and procedures would be an asset.
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.