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The European Bank for Reconstruction and Development was founded in 1991 when communism was crumbling in Europe and ex-Soviet countries needed support to nurture a new private sector and democracy. Today we invest to help build market economies from central Europe to central Asia and the southern and eastern Mediterranean. We are now the largest single investor in our region. Owned by 65 countries and two intergovernmental institutions, we provide project financing for banks, industries and businesses. We also work with publicly owned companies to support privatisation, restructure state-owned firms and improve municipal services. Wherever we are active, we promote policies that bolster the business climate.
Requisition ID: 7121 Office Country: United Kingdom: Office City: London Division: Risk and Compliance Group Contract Type: Regular Posting End Date: 29/06/2017
As part of the Country and FI Credit Risk Management Team, independently analyse and appraise risks of EBRD's new and existing portfolio FI debt transactions, working with more experienced Associate Risk Officers. Identification of required due diligence, recommend appropriate risk mitigation measures and transaction structures, including security, covenants, and pricing. Review of portfolio and new proposed projects, prepare analytical data, and communicate trends in the portfolio for broader strategic decision-making and bottom-up stress-testing.
Risk Management is the Bank's second line of defence, which is responsible for the independent identification, reporting and mitigation of risks. The Associate Risk Officer provides analytical support and recommendations to his/her management in the Country and FI Credit Risk team, feeding into final recommendations to the Operations Committee, Small Business Information Review Committee, or approval of projects together with Banking under Delegated Authority.
Accountabilities & Responsibilities The Associate Risk Officer will work under supervision of the Senior Associate Risk Officer, Principal Associate Risk Officer and/or Director in the following:
* Analyse the key risks of each proposal and advise on risk mitigation measures. Review integrity and anti-money laundering issues to ensure compliance with internal guidelines. Appraise the validity and reliability of key assumptions of each proposal, including through involvement in the commissioning and review of independent due diligence and travel. * In liaison with others in Risk, Banking and Office of Chief Economist, prepare regular and ad hoc country portfolio reviews for RiskCom and Board committees. * 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 some 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, impairments and more significant restructuring, etc). * Carry out 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. * In liaison with other Risk teams, provide input to FI sector portfolio stress-tests. Collaborate with other members of staff; especially in the Banking Department, and Finance to ensure effective cross-departmental and business functioning. * Contribute to and 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. * Among peers, be an agent of credit culture dissemination.
Knowledge, Skills, Experience & Qualifications * Proven experience of analysing financial institutions. * Excellent financial modelling and financial accounts knowledge. * Knowledge of emerging markets, CIS, CEE and SEMED. * Strong written and spoken communication skills. * Advanced degree in finance, business, economics or equivalent on the job training.
Challenges The Associate Risk Officer is expected to face frequent challenges in his/her role including: * Lack of reliable information and uneven quality standards. * Tight time schedules. * Effective communication with resident offices across different time zones.
Behaviours The Associate Risk Officer is expected to: * Analyse and size up projects rapidly and to make authoritative recommendations. * Build rapport and understanding with colleagues on the team and in other departments. * Deliver information in the right format to differing groups by having effective writing and verbal skills (also through clarification of scope of any assignment). * Find and share technical knowledge with colleagues. * Display a solution-orientated approach and a collaborative working style, reflecting understanding 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.
The Associate Risk Officer provides analytical support and recommendations to his/her management in the Country and FI Credit Risk team, feeding into final recommendations to the Operations Committee, Small Business Information Review Committee, or approval of projects together with Banking under Delegated Authority.