Managing Director, Risk Management in London

Contract Length: 4 years with potential to renew for a further 4 years. Posting End Date: 05/07/2026.

Purpose of Job

The Managing Director (MD), Risk Management, is a direct report of the Vice President, Chief Risk Officer (VP CRO) and is responsible for supporting the CRO in delivery and continuous enhancement of the Bank’s enterprise risk management framework. Pivotal to the delivery of the role is advising and recommending to the VP CRO, Executive Committee and the Board of Directors the Bank’s Risk Appetite and ensuring that material risks are identified, assessed, monitored, challenged and escalated in a timely and well-governed manner. Through their leadership of a team of risk management professionals, the MD ensures 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.

Accountabilities & Responsibilities

• Accountable for providing thought leadership in the design and implementation of the Bank’s Enterprise Risk Management Framework.
• Ensures Risk policies and practices reflect current best practice and are responsively calibrated to provide effective and efficient management of the risks faced by the EBRD.
• Accountable for the people leadership, engagement and effective overall management of RM staff, including attracting, performance management, coaching and development.
• Active role in strategic talent and workforce planning.
• Leads by example, fostering open and constructive working relationships with stakeholders, particularly in building best in class risk management capability across the Bank.
• Contributes to and influences the strategic direction of the Bank, ensuring decisions reflect a considered balance between opportunities and threats.
• Exercises delegated authority including approvals of Non-Performing Loan (NPL) restructuring and new financing provision, concentration limits and market risk parameters.
• Oversees and delivers risk reporting and analysis to the Executive Committee, Audit and Risk Committee of the Board and to Credit Rating Agencies, liaising with the external auditors.
• As a member of the Bank’s Senior Leadership Group (SLG), champions and role models the Bank’s Behavioural Competencies and Corporate Behaviours, ensuring adherence within the department and consistently maintaining high standards of integrity and ethical conduct.
• Engages in the broader management of the Bank, including sponsoring transformation programmes and being an active member of project committees, as delegated by VP CRO.
• Maintains strong relationships with peer institution risk functions and develops a network with regulated institutions and industry bodies, in order to stay abreast of emerging risks, regulation and best practice.

Knowledge, Skills, Experience & Qualifications

• Proven extensive knowledge and experience of managing risks, including credit, market and operational risk, derived from key risk roles (e.g. CRO, Deputy CRO) in similar or larger scale institutions/subsidiaries/business divisions, in the financial services industry and in a complex environment.
• An awareness of the challenges presented by the nature of the development bank role, the risks faced in the countries in which the Bank operates/plans to operate, and the unregulated governance model enshrined in the treaty founding the Bank.
• Demonstrated experience engaging in and influencing the setting of the strategic direction of an organisation.
• An extensive track record of successfully 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 in a straightforward manner and to present with confidence.
• Demonstrated experience influencing stakeholders (e.g. first line business leaders, Executive Management, Board of Directors, Shareholders, Credit Rating Agencies and external auditors) through strong collaboration and flexible engagement styles.
• Proven track record of engaging with broader management topics, including experience of driving change.
• An ability to build professional networks and engage with professional industry bodies.
• Personal integrity and a commitment to highest ethical standards.
• Relevant degree or equivalent professional experience.

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.