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Associate Director, Sr Risk Officer, Quantitative Risk Analytics

Posting Date: 25-Jan-2023

Location: London, GB

Company: EBRD

Requisition ID 33132
Office Country United Kingdom
Office City London
Division Risk Management  
Contract Type Regular 
Contract Length  
Posting End Date 08/02/2023 





Purpose of Job


The Associate Director, Senior Risk Officer, Quantitative Risk Analytics (QRA) is accountable for leading across the firm the processes of qualitative and quantitative assessment of portfolio risks and concentrations borne by the Bank in its Treasury and Banking transactions.


The role has ownership of the credit, liquidity and/or market risk, economic capital and stress testing framework, as well as the operational policies/procedures relevant to the area of expertise. He/she designs and drives the implementation of systems and processes, proposes improvements to the Risk Management methodologies and performs analyses in support of proposed policies. 


The Associate Director has a high degree of autonomy in making operational decisions, provides technical guidance, represents the team at internal Committees, engages with internal and external stakeholders and is responsible for managing the performance of a team of risk professionals and supervising their day-to-day activities.


Accountabilities & Responsibilities


Depending on the area of specialisation, Associate Director, QRA is responsible for all or most of the following:   

  • Lead and participate in the in-house analytical/pricing library and aggregations implementation, providing highly-developed technical expertise to facilitate the implementation
  • Responsible for the in-house library release cycle, performing branch merges, code reviews and further developing our DEVOPS framework to increase our code coverage.
  • Implement the Liquidity Risk framework in line with requirements set by risk management. Act as second line of defence in monitoring liquidity risk ratios and limits.
  • Provide leadership and functional management to a team of risk professionals. Define short and long-term operational objectives, plan and coordinate team’s work in support of the implementation of the overall strategic plan of Risk Management.
  • Represent Risk Management at internal committees, working groups, external rating agency presentations, and in cross-departmental discussions on topics of own expertise. Propose and promote the understanding and use of quantitative tools and measures throughout the Bank, with a view to seek acceptance for their use in decision-making.
  • Develop and maintain contacts with risk professionals at rating agencies and other financial institutions with a view to keep up to date with the industry best practice.
  • Assess and advise on the impact of proposed changes in Bank-wide policies on Risk Management methodologies, systems and practices. Provide specialist advice for pre-approval of new products (excluding structured finance) traded by Treasury from a modelling perspective.
  • In close dialogue with senior managers and Directors within and outside Risk Management, define, negotiate and review relevant Risk Management policies.
  • Oversee the process of designing and setting the relevant methodologies and system developments, including model selection and calibration, review of inputs and parameters and analysis of outputs to quantify credit, liquidity and/or market risk.
  • Collaborate with Treasury and Controllers in the new product approval process, with delegated authority for complex transactions requiring an enhancement to existing front office systems or an internal development of a pricing model, and strong recommendation powers for new asset classes or new types of instruments.
  • Responsible for ensuring coherence and agreement with Finance and Banking as to the inputs, modelling and outputs of new risk measures which are discussed and endorsed by Senior Management and/or relevant Management Committees.
  • Propose and promote the understanding and use of quantitative tools and measures throughout the Bank, with a view to seek acceptance for their use in decision making.
  • Monitor and mitigate credit, liquidity and/or market risk bank-wide. Propose and promote solutions to mitigate risks at trade and portfolio level and reduce portfolio concentrations.
  • Directly accountable for the engagement and effective overall management of staff including recruitment, compensation (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) so that the highest standards of integrity and ethical conduct are exhibited at all times.


Knowledge, Skills, Experience & Qualifications


  • Minimum 7 years of relevant capital markets experience with leading financial institution(s)
  • MSc in Finance or Sciences
  • Strong analytical and quantitative skills in financial modelling (including stochastic calculus, numerical methods and application of the option pricing theory) and statistics/econometrics.
  • Good understanding of financial instruments in general and in particular interest rate, foreign exchange, equity and credit derivative products.
  • Extensive practical experience with the implementation of credit and/or market risk measurement methodologies, including model calibration and result analysis.
  • Extensive knowledge of industry best practice and the latest status of regulation in the field of credit and/or market risk.
  • In-depth understanding of risk management and portfolio valuation techniques (e.g. VaR, sensitivities, PFE, CVA/DVA/FVA, Monte Carlo, correlation modelling)
  • Ability to communicate well at all levels, from senior management to portfolio managers/traders, risk managers, accountants, middle office and IT staff.
  • A positive attitude to problem solving, identifying solutions and finding ways to overcome obstacles, if need be through compromise and consensus building.
  • Leadership skills to motivate and coordinate a team of risk professionals specialized in risk modelling.
  • Proficient in C++ and Python
  • Knowledge of Summit is an advantage.

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.

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