Managing Director, Risk Management in City of Westminster

The Managing Director (MD), Risk Management, reports directly to the Vice President, Chief Risk Officer (VP CRO) and is responsible for supporting the CRO in delivering and continuously enhancing the Bank's enterprise risk management framework. The MD advises and recommends the VP CRO, Executive Committee and Board of Directors on the Bank's Risk Appetite, ensuring material risks are identified, assessed, monitored, challenged and escalated in a timely, well‑governed manner. The MD leads a team of risk management professionals, ensuring implementation of the department's mandate, including external benchmarking, design and implementation of frameworks and standards, influencing stakeholders and exercising balanced judgement around delegated authority.

Responsibilities

• Provide thought leadership in the design and implementation of the Bank's Enterprise Risk Management Framework, ensuring risk policies and practices reflect best practice and are calibrated to manage risks effectively and efficiently.
• Lead people and engage the RM staff, including attracting talent, managing performance, coaching and development, and actively participate in strategic talent and workforce planning.
• Lead by example, fostering open and constructive relationships with stakeholders and building best‑in‑class risk management capability across the Bank.
• Contribute to and influence the Bank's strategic direction, ensuring decisions balance opportunities and threats.
• Exercise delegated authority, including approving Non‑Performing Loan (NPL) restructuring, new financing provision, concentration limits and market risk parameters.
• Oversee and deliver risk reporting and analysis to the Executive Committee, Audit and Risk Committee of the Board and to Credit Rating Agencies, liaising with external auditors.
• As a member of the Bank's Senior Leadership Group (SLG), champion and model the Bank's behavioural competencies and corporate behaviours, ensuring adherence within the department and maintaining high standards of integrity and ethical conduct.
• Engage in broader management of the Bank, including sponsoring transformation programmes and serving on project committees as delegated by the VP CRO.
• Maintain strong relationships with peer institution risk functions and develop a network with regulated institutions and industry bodies to stay abreast of emerging risks, regulation and best practice.

Qualifications

• Proven extensive knowledge and experience of managing credit, market and operational risk, derived from key risk roles (e.g. CRO, Deputy CRO) in comparable or larger institutions or divisions within the financial services industry.
• Awareness of the challenges presented by the nature of a development bank, the risks faced in the countries in which the Bank operates or plans to operate, and the unregulated governance model enshrined in the treaty founding the Bank.
• Demonstrated experience engaging in and influencing the setting of an organisation's strategic direction.
• Extensive track record of building and leading diverse teams, setting a vision, developing and managing talent, and driving engagement.
• Excellent communication skills, including the ability to address difficult, complex or contentious issues straightforwardly and to present with confidence.
• Experience influencing stakeholders (e.g. first line business leaders, Executive Management, Board of Directors, Shareholders, Credit Rating Agencies, external auditors) through strong collaboration and flexible engagement styles.
• Proven track record of engaging with broader management topics, driving change, building professional networks and engaging with professional industry bodies.
• Personal integrity and a commitment to the highest ethical standards.
• Relevant degree or equivalent professional experience.

Benefits

• Varied, stimulating and engaging work with opportunities to interact with experts across financial, political, public and private sectors in 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.

Equal Employment Opportunity Statement

Diversity is one of the Bank's core values and is at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients and 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.