Principal Risk Officer, Treasury Credit Risk Management

Overview

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, Treasury transactions, or associated risks (including country risks). Identify and execute due diligence, recommend risk mitigation measures and transaction structures (including security, covenants, and pricing); review portfolio and proposed projects; prepare analytical data; communicate trends in the portfolio to support strategic decision-making and bottom-up stress-testing;

recommend portfolio management actions; review country risk; approve counter party, transaction or sovereign ratings; set counter party limits and approve transactions where delegated powers allow. The Principal Risk Officer will coach and supervise Associate Risk Officers, Analysts and junior bankers rotating through the team. The Treasury Counter party Risk Team acts as the focal point for the credit risk management of EBRD's Treasury operations.

He/she will manage the approval and review of all Treasury counter party limits and transactions (including exposures from bond investments, ABS, deposits, derivatives and repo). Provide expert judgement and recommendations on material Treasury credit risk matters, including counter party assessment, banking sector analysis in developed countries, limit and urgent trades approvals, excess monitoring, risk reporting, negotiation of ISDA/CSA documentation, and internal policy formulation.

Background:
Risk Management is the Bank's second line of defence, responsible for independent identification, reporting and mitigation of risks. The Principal Risk Officer provides analytical support and recommendations to management in the Country and FI Credit Risk team, feeding into final recommendations to committees and approval processes for Banking transactions under Delegated Authority and Treasury processes.

The ABS Risk and Treasury Counter party Risk teams primarily support Treasury operations, accounting for ca. 50% of EBRD's balance sheet. Activities are largely low risk and support liquidity management and FX & interest rate risk management. The core Treasury counter party base is mainly developed market Banks and NBFIs in High Grade countries, with a growing portion relating to higher-risk counter parties in Countries of Operations.

The team covers a broad range of financial markets and traded products including interest rate swaps, foreign exchange and credit/bond instruments, with significant usage of complex, longer-dated traded products.

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