Associate Director, Capital and Financial Markets Development

Purpose of Job

The Associate Director is a member of the CFMD team and will support the Director, CFMD in aspects of the development of financial and capital markets in the EBRD COOs including the provision of transaction support, engagement in policy dialogue, and capacity building.  The role entails strategic coordination with Associate Directors responsible for the CFMD Team’s other pillars as well as many of the departments of the Bank including Banking, Treasury, Office of the Chief Economist, Office of the General Counsel, Risk, and other Policy teams as well as external engagement with a wide range of market participants including in other IFIs, Government Agencies, central banks, exchanges, depositories and settlement institutions, regulators, and supervisors, institutional investors and other market participants.

Accountabilities & Responsibilities

Policy dialogue:

• Supporting in the design of policy dialogue with relevant stakeholders to promote capital markets and financial sector development with a view to developing long-term relationships and becoming a trusted adviser;
• Keeping a record of recommendations arising from the country needs assessments, work with Director, CFMD to establish appropriate next steps for EBRD’s contribution to financial market  development in specific countries;
• Identify areas of improvement for more efficient and sustainable financial and capital market systems;
• Support Director, CFMD on the coordination of development activities in line with comparative advantages in relation to the relevant stakeholders;
• Represent the Bank in international policy forums and initiatives when appropriate.

Transaction design and support:

• Assisting Director, CFMD in guiding the EBRD’s Banking and Treasury departments towards development opportunities, based on agreed country-level market development priorities including to ensure that transactions are aligned with relevant policy recommendations;
• Support product innovation by assisting the EBRD’s Banking colleagues in designing specific banking transactions with capital market, financial sector and local currency relevance to maximise the impact of EBRD investments;
• Liaise with EBRD’s Treasury Department to strengthen synergies between CFMD activities and EBRD’s own treasury operations;
• Supporting the design and coordination of  TC projects with internal and external counterparts to support reforms or specific transactions in the financial sector or capital markets.

Leadership and management, capacity building, and communications

• Participate in organisation of conferences, workshops and seminars on specific topics relating to the Bank’s CFMD strategy to enhance internal and external knowledge of the topic;
• Support Director, CFMD in representing EBRD in high-level policy-making bodies and coordinate the capital/financial market and policy activities with the other IFIs;
• Supporting preparation of strategies, policies and diagnostic tools across the various EBRD activities, countries and sectors, and manage the Bank’s involvement in the multi-stakeholder processes involving other IFIs and financial institutions, continuously develop EBRD's ability to deliver under its mandate;
• Responsible for the engagement and effective overall management of a small team, including recruitment (as agreed with the Head of Department, if applicable), performance management, coaching and development;
• Champion and role model the Bank’s Behavioural Competencies and Corporate Behaviours, ensuring adherence within the team(s) to the highest standards of integrity and ethical conduct at all times.

Research and analytical work:

• Prepare, review and oversee the production of high quality analytical reports and policy notes that adequately analyse/reflect financial market development issues with particular emphasis on the areas of their team’s expertise.

Qualifications & Skills / Experience & Knowledge

Academic qualifications:

• Degree in Finance, Economics, Accounting and related fields or relevant professional experience.

Experience:

• Hands-on experience working with a wide range of financial and/or capital market products, including debt, equity and derivatives or designing related legislative or legal reforms;
• Experience in local currency and capital market product design including funding and hedging and derivative market development;
• Knowledge of the various market and/or policy participants in the global capital/financial markets and emerging markets in particular;
• Experience of working with fragile financial systems including during crises;
• Knowledge on how the design and implementation on national policies are carried out to ensure  financial stability or financial and capital markets’ development and/or supervising financial and capital market institutions;
• Proven project management experience, preferably related to financial sector development in transition economies;
• Proven ability to work across organisational boundaries and operate effectively in a multi-cultural work environment;
• Line management experience in managing small teams.

Technical skills:

• Knowledge of the mechanics and issues related to capital/financial market development across a wide range of products and market segments;
• Strong communication skills, both oral and in writing in English and, preferably in one or more languages of EBRD’s countries of operations; must be able to explain complex technical issues effectively; previous experience producing policy documents, assessment reports and thematic reports in International Financial Institutions, think tanks, consultancy firms or other organisations having a development mandate is highly desirable;
• Ability to establish relationships with  relevant internal and external stakeholders;
• Ability to design, manage and execute technical cooperation projects, including preparation of budget and management of consultants and their work;
• Organisational skills:  must be able to lead multiple and wide ranging tasks concurrently; ability to deliver quality outputs with tight deadlines; prior experience organising high-level conferences, seminars, and workshops would be a plus.

What is it like to work at the EBRD?

Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people's lives and help shape the future of the regions we invest in. 

The EBRD environment provides you with:

• Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in;
• A working culture that embraces inclusion and celebrates diversity;
• An environment that places sustainability, equality and digital  transformation at the heart of what we do.

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 expecting our employee to attend the office 50% of their working time.

Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).