Principal Risk Officer, Treasury Credit Risk Management

Principal Risk Officer, Treasury Credit Risk Management

As part of the Country and FI Credit Risk Management Team, as appropriate for the scope of the individual jobs, independently analyse and appraise risks of EBRD’s new and existing portfolio FI debt transactions, Treasury transactions, or associated risks (including country risks). As appropriate, identification and execution of required due diligence, recommendation of appropriate risk mitigation measures and transaction structures, including security, covenants, and pricing;

review of portfolio and new proposed projects; preparation of analytical data; and communicate communication of trends in the portfolio to allow broader strategic decision-making and bottom‑up stress‑testing; recommendation of portfolio management actions, review of country risk; approval of counter party, transaction or sovereign ratings; setting of counter party limits, approval of transactions where appropriate under delegated powers. The Principal Risk Officer will coach and supervise Associate Risk Officers and Analysts as well as junior bankers rotating through the team.

Risk Management is the Bank’s second line of defence, which is responsible for the independent identification, reporting and mitigation of risks. The Principal 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 for Banking transactions and exercising delegation granted under the Treasury Credit Process for Treasury transactions.

The ABS Risk and Treasury Counter party Risk teams primarily support Treasury related operations which account for ca. 50% of EBRD’s balance sheet. These activities are predominantly low risk and largely undertaken to 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 of the portfolio relating to higher‑risk counter parties located in EBRD’s 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.

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 the sound judgement and the ability to work unsupervised and exercise decision‑making, including under their delegated powers where appropriate.

• Acting as Primary Risk Manager for a portfolio of Treasury counter parties (including high‑grade banks, derivative counter parties in our Countries of Operation, sovereigns and public sector entities).
• Monitor, analyse and manage credit risks incurred in EBRD's Treasury activities, including counter party 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 counter parties (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…