Risk Manager / Principal Risk Manager, Treasury Credit Risk Management Job Details

The Role

The Risk Manager / Principal Risk Manager will have proven experience in credit risk or financial analysis and will contribute to the credit process relating to the EBRD's Treasury activities by acting as Primary Risk Manager for a portfolio of highly rated counterparties, primarily complex financial institutions.

The Risk Manager / Principal Risk Manager will also have experience of capital markets instruments and treasury products, encompassing potentially the whole range of interest rate, foreign exchange and credit instruments available in the financial markets, with significant usage of complex instruments and over-the-counter derivatives.

Close co-operation with the rest of the TCRM department as well as other Risk Management Department teams and Treasury will be required. The Risk Manager / Principal Risk Manager also will have interaction with other internal and external contacts including rating agencies and counterparty representatives..

The Team

Treasury Credit Risk Management (TCRM) is responsible for the independent identification, analysis, surveillance and mitigation of credit risks in the EBRD's Treasury operations. TCRM and Treasury work in close co-operation towards optimizing the risk adjusted return on the portfolio within investment and risk parameters authorized by the Board of Directors.

TCRM's manages the credit risk process related to Treasury counterparties and Treasury assets. Counterparties are typically complex banking groups but also include some corporates and insurance companies across Europe, North America and Asia. The TCRM team performs the initial assessment, on-going surveillance and periodic reassessment of Treasury's counterparties and investment assets. TCRM also review legal documentation for a range of Treasury products.. Finally the department regularly considers and updates counterparty risk management procedure and policies to target best practice and reflect market developments.

Key responsibilities and deliverables

• Perform timely and efficient credit analysis, primarily of high grade complex financial institutions to determine internal credit ratings and recommendations. Monitoring of this portfolio of counterparties including on-going surveillance reports and regular reviews featuring sector analysis and name-by-name assessments.

• Make approval recommendations to the Director of TCRM on a range of Treasury credit topics which arise.

• Maintain awareness and assess critically developments in global financial markets which may impact the EBRD's risk exposures.

• Provide input for credit policy and procedure development.

• Review and comment on documentation and terms for Treasury products (repos, derivatives, etc).

• Act as Secondary Risk Manager in back-up for selected approved names and generally support other Risk Managers in sharing knowledge.

• Manage and monitor the limit and rating data in the EBRD limits system (the internal control and approval processing system) for assigned counterparties.

• Contribute analytical comments to the weekly management report of Treasury risks.

• Provide general support of TCRM's broader objectives.

Essential skills, experience & qualifications

• Masters degree in finance, economics or business administration from a leading university.

• Minimum 3 years work experience in a relevant financial institution, although a more experienced candidate (5 years+) is desirable..

• Strong knowledge of credit analysis or financial analysis required.

• Basic knowledge of capital markets instruments and Treasury products required.

• Previous exposure to credit practices, procedures and policies at a leading financial institution or supranational is a plus.

Competencies & personal attributes

• Technical & professional expertise - Has the ability to make effective and appropriate use of the skills and knowledge described above.
• Analytical and critical thinking - A logical approach to problem solving with attention to detail. Is analytical, questions rationale and is open to different and sometimes diverging views of what the risks may be and constructive feedback in this regard.
• Team orientation - Works closely and intensely with TCRM colleagues in a spirit of mutual support and collective achievement of the team's objectives. Ability to collaborate with and constructively challenge team-mates while maintaining an atmosphere of camaraderie and solidarity is an absolute necessity.
• Communication and inter-personal skills - The ability to communicate appropriate, concise and accurate information in written and verbal credit assessments. Effectively articulates and presents his/her view of the risks.
• Results orientation - Ability to provide recommendations and reports on time and to a high quality standard, often under time pressure.
• Drive for excellence - Seeks to attain the highest possible quality in his or her own work and the team's output. Advocates for and seeks to continually stay on top of best practices.
• Integrity - Takes actions consistent with the EBRD way of doing business - code of conduct, business ethics
• Multicultural sensitivity - Attracted to the multi-cultural environment of EBRD and able to build effective working relations with clients and colleagues.