Principal Risk Officer, Treasury Credit Risk Management (London, GB)

The Principal Risk Officer will work under the supervision of an Associate Director and/or Director, but with the level of supervision depending on experience and the task complexity. The role requires sound judgement and the ability to work unsupervised and exercise decision-making, including under their delegated powers where appropriate.

Key responsibilities include:

• Acting as Primary Risk Manager for a portfolio of Treasury counterparties (including high-grade banks, derivative counterparties in our Countries of Operation, sovereigns and public sector entities).
• Monitor, analyse and manage credit risks incurred in EBRD's Treasury activities, including counterparty and product risks (e.g. OTC derivatives, repos, ABS and other marketable securities, and deposits), through annual credit reviews, name-by-name assessments; and product specific risk analysis.
• Provide timely support to Treasury and other business stakeholders in approving transactions and limits under delegated authority or making approval recommendations to relevant authority holders.
• Negotiate credit terms in relevant legal agreements for Treasury counterparties (including ISDA/CSA and GMRA master agreements) in cooperation with the legal department and Treasury.
• Monitor financial market developments and trends across relevant geographies and product segments, assessing regulatory developments, and recommending and implementing changes in EBRD's risk appetite for Treasury assets where appropriate.
• Ensure limits, exposures, and legal documentation terms are correctly implemented in the risk systems, and support investigation and remediation of limit breaches.
• Develop and update credit policy documents and internal procedures in line with best practice.
• Provide support, mentoring and share knowledge with more junior team members.
• Participate in ad hoc Risk, Group wide and cross-departmental projects and initiatives as required.
• Analyse and size up projects rapidly and make authoritative recommendations.
• Build rapport and understanding with colleagues on the team and in other departments.
• Build trust with stakeholders by presenting sound arguments based on evidence.
• 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 (on international best practice, specific industries, countries, banking and treasury products and individual projects or transactions) with colleagues.
• Display a solution-orientated approach and a collaborative working style, reflecting understanding and awareness of the perspectives of others.

Knowledge, Skills, Experience & Qualifications

• Bachelor's or Master's Degree in a relevant discipline (e.g. Finance, Business or Economics).
• Relevant experience in financial services, preferably in FI Credit Risk or Counterparty Credit Risk.
• Strong knowledge of financial and capital markets and Treasury related products, including OTC derivatives, and funded products, together with the associated documentation and key risk drivers.
• Strong understanding of ISDA documentation and netting and collateral enforceability, including experience negotiating ISDA/CSA terms and managing exposures in jurisdictions where netting enforceability is uncertain.
• Strong understanding of FI counterparty credit risk analysis and best practices (including Banks, Insurance Companies, and complex financial institutions).
• Proven ability to make sound autonomous credit decisions in higher-risk environments.
• Advanced knowledge of Excel, PowerPoint and Word. Experience with VBA, Power BI and Tableau would be an advantage.
• Excellent stakeholder management skills, as the role involves working across various departments.
• Strong written and verbal communication skills and ability to explain complex issues clearly.
• Experience of the securitisation and structured finance market is desirable, but for the right candidate not essential.

What is it like to work at the EBRD?

Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people's lives and help shape the future of the regions we invest in.

The EBRD environment provides you with:

• Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in.
• A working culture that embraces inclusion and celebrates diversity.
• An environment that places sustainability, equality and digital transformation at the heart of what we do.

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 and expect our employees to attend the office 50% of their working time.

Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted.