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Assoc Director, Head of Country/Regional FI Risk Team Turkey, SEMED & Central Asia

Posting Date: 15-Nov-2021

Location: London, GB

Company: EBRD

Requisition ID 23884
Office Country United Kingdom
Office City London
Division Risk Management
Dept. / Bus. Group Country & FI Credit Risk Management
Business Unit CFI - Turkey, SEMED & CA
Contract Type Regular
Contract Length
Posting End Date 29/11/2021 

Purpose of Job

 

The Associate Director, Head of Regional FI Risk Team for Turkey, SEMED and Central Asia is accountable for leading, across the Bank, the analysis and appraisal of the risks of the EBRD’s new and existing portfolio of Financial Institution (both bank and NBFI) debt transactions.  For all transactions under the responsibility of the team, the incumbent is responsible for the identification of required due diligence, design of appropriate risk mitigation measures and transactions structures, including security, covenants and pricing and ensures that the team adequately advises bankers and the Bank’s Committees to ensure that banking projects comply with the Bank’s sound banking mandate. 

 

The incumbent will delegate aspects of this as appropriate to individual team members.  The Associate Director, Head of Regional FI Risk Team is responsible for ensuring that their team manages the risk review workflow for all the clients in its portfolio, which includes reviewing portfolio projects, assigning PD ratings and communicating trends in the portfolio and lessons learned to management and peers for their broader strategic decision-making and bottom-up stress-testing. They are responsible for the successful completion of the FI Credit Risk Envelope exercise for all countries in the team’s portfolio on an annual basis. The incumbent has a high degree of autonomy in making operational decisions, and designs and implements, together with the Director, Country and FI Credit Risk Management, processes to ensure effective risk identification and management, as well as enabling the Bank to comply with external regulatory requirements and Bank-wide policies.

 

The Associate Director, Head of Country/Regional FI Risk Team is accountable for leading, across the Bank, the analysis and appraisal of the country risks of the EBRD’s new and existing portfolio of  transactions in both the Banking and Treasury portfolios.  For all countries in which the EBRD has direct or indirect risk (i.e. all countries of operation, all countries in the Treasury portfolio and any other countries which guarantee or are otherwise embedded in transactions) and ensures that the team adequately advises bankers, treasury staff, other relevant departments (such as EPG) and the Bank’s Committees to ensure that banking projects and treasury investments comply with the Bank’s sound banking mandate. The incumbent will delegate aspects of this as appropriate to individual team members. The Associate Director, Head of Country Risk is responsible for ensuring that their team manages the risk review workflow for all the above countries, which includes assigning sovereign PD and LGD ratings, identifying negative longer term trends which could impact our portfolio and communicating these trends and the risks they pose  to management and peers for their broader strategic decision-making and bottom-up stress-testing. They are responsible for the successful input of the Country Risk Team to the scenarios used in the Bank-wide and Country Specific Stress Tests. The incumbent has a high degree of autonomy in making operational decisions, and designs and implements, together with the Director, Country and FI Credit Risk Management, processes to ensure effective risk identification and management, as well as enabling the Bank to comply with external regulatory requirements and Bank-wide policies

 

The Associate Director, Head of Country/Regional FI Risk Team is responsible to lead, coach and manage Senior and Principal Risk Officers based in HQ and will be managing other Associate Directors, Principal Risk Officers, Associate Risk Officers and Analysts as well as bankers rotating through the team. The incumbent will be required to deputise in the absence of the Director.

 

The jobholder supports the Director in fostering and maintaining the Bank’s credit culture, influencing corporate debt portfolio positioning and provide input into capital resources review, annual budget, Country and Financial Institutions debt sector strategies.

 

Accountabilities & Responsibilities

 

  • Supports the Director in his/ her leadership of the broader CFI team and the delivery of the team's strategy and objectives. Deputises for the Director as and when required.
  • Takes a leading role in defining the key Credit risk considerations for the Bank’s Financial Institutions/Sovereign debt portfolio, and proposes mitigations and changes of strategy to counterbalance those risks.
  • Maintains a relationship with a wide range of internal stakeholders, including at a senior management level.
  • Manages a team involved in assessing country risk/debt transactions with Financial Institutions and sovereign debt transactions within Risk Management, including the recruitment, objective setting, training and appraisal ensuring all his/her direct reports are aware what is required to achieve and how they are performing against their objectives.
  • Drives development of new processes, procedures and policies as well as other initiatives to deliver improvements to mitigate the Bank's credit risk, most notably in the areas relating to sovereign and country risk/Financial Institutions debt, but also inputting to the more general credit risk process which impacts all debt clients regardless of sector.
  • Manage their team to ensure that all deadlines are met, that staff are motivated and developed and that staff engagement is kept as high as possible.
  • In liaison with others in FI Banking and others in Risk, set the annual FI Credit Risk Envelope for each country for which their team is responsible, thereby satisfying the external audit requirement that each borrower’s PD rating is reviewed annually and guiding FI Banking’s risk appetite for individual clients.
  • Establish an independent and unbiased view on projects proposed to the Operations Committee / SBIC / under Delegated Authority and make clear recommendations, or approvals on each proposal. 
  • Analyse the key risks of each proposal and advise on risk mitigation measures, structures, tenor, security, covenants and condition precedents, to the project teams and, via credit notes. Review integrity and anti-money laundering issues to ensure compliance with internal guidelines and advise on referral to the Office of the Chief Compliance Officer as required. Appraise the validity and reliability of key assumptions of each proposal, including via involvement in the commissioning and review of independent due diligence and travel.
  • Ensure projects comply with any relevant risk guidelines, prudential limits set by the Bank, and that appropriate ratings are assigned for probability of default and loss given default. Have the ownership of Risk data in the area of responsibility.
  • Exercise independent delegated authority regarding portfolio actions (including certain waivers and amendments), and recommendations to senior management on matters requiring higher level approval (including transfers to corporate recovery, provisions and more significant restructuring, etc.). 
  • Lead proactive and regular monitoring of the assigned portfolio counterparties, countries and market developments.  Actively and constructively engage with Banking and other relevant staff to ensure adequacy of front-line monitoring and coach Banking when appropriate (including through Banking staff rotation in Country and FI Credit Risk Management).
  • In liaison with Risk Policy and Reporting and other Credit teams provide input to FI sector portfolio stress-tests. Collaborate with other members of staff; especially in the Banking Department, Finance, the Office of the General Counsel, EPG and OCE to ensure effective cross-departmental and business functioning.
  • Participate in various executive Bank committees - including the Operations Committee, SBIC, RiskCom etc.
  • Participate and contribute positively to various initiatives within Risk Management or bank-wide. 
  • Be an agent of credit culture dissemination, including managing and mentoring of bankers on rotation.
  • Maintain an external network of contacts to ensure good understanding of market practices, maintain contacts with functional counterparts at IFIs and wider commercial and investment banking community
  • Review all Sovereign PD and LGD ratings at least once a year, thereby satisfying the external audit requirement that each borrower’s PD rating is reviewed annually and guiding the Bank’s risk appetite in each of those countries.

 
Knowledge, Skills, Experience & Qualifications
 

  • Advanced degree in finance, business, economics or equivalent on the job training.
  • Extensive experience of analysing financial institutions, knowledge of country risk and sovereign creditworthiness analysis. 
  • Act as the risk expert for FI debt projects and provide operational guidelines to the Banking teams and provide input into project selection and prioritisation. 
  • Knowledge of emerging markets, CIS, CEE and SEMED.
  • Strong influencing skills in challenge to the Banking team’s selection, structuring and portfolio management of the transaction and ability to articulate different views.
  • Deliver clear authoritative conclusions in the context of large volumes and tight timescales. Proven skills and track record in autonomous decision-making capacity at a senior level in credit risk in high risk environments.
  • Strong written and spoken communication skills and good Excel knowledge.
  • Have the required people management skills for senior and junior staff under their responsibility.
  • Ability to analyse and size up projects rapidly and to make authoritative recommendations.
  • Ability to build rapport and understanding with bankers and gain their respect by presenting sound arguments based on evidence.
  • Ability to deliver information in the right format to differing groups by having effective writing and verbal skills.
  • Willingness to find and share technical knowledge about international best practice, specific industry, country or projects.
  • Solution-orientated approach and a collaborative working style, ability to understand and awareness of the perspectives of others.

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.


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