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Associate Risk Officer, Equity Risk

Posting Date: 19-Jan-2023

Location: London, GB

Company: EBRD

Requisition ID 32989
Office Country United Kingdom
Office City London
Division Risk Management  
Contract Type Regular 
Contract Length  
Posting End Date 09/02/2023 

 

 

 

 

Purpose of Job

 

Independently analyse and appraise the risks of EBRD’s new and existing portfolio equity, quasi-equity and mezzanine transactions. Identify required due diligence, validate structure and pricing, value creation plans, exit strategy and market risk mitigation. Challenge bankers and the Bank’s Committees to ensure that banking projects comply with the Bank’s sound banking mandate. The Associate Risk Officer reviews portfolio projects, validates fair value assessments, communicates trends in the portfolio and lessons learned to management, and peers for project selection and broader strategic decision-making.

 

The position will be located in London HQ with a potential requirement to spend up to 23 months in Warsaw or Belgrade Resident Offices. This requirement will be defined by the Bank on the basis of its operational needs prior to appointment.

 

Accountabilities & Responsibilities

 

The Associate Risk Officer will work with varying levels of supervision depending on his/her experience with the relevant task on the following, to:

Establish an independent and unbiased view on equity proposals presented to the Operations Committee / SBIC and make clear recommendations on each proposal. Prepare and communicate equity risk notes at each stage of approval.

  • Analyse the equity case and structure, entry valuations, value creation plan and realism of exit assumptions. 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 relevant valuation methodology and guidelines. 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 capital increases, exits, transfers to corporate recovery, etc.). 
  • Lead proactive and regularly monitoring of the assigned portfolio counterparties, product and market developments. Actively and constructively engage with Banking and other relevant staff to ensure adequacy of front-line monitoring, coach Banking when appropriate (including through their rotation in Equity Risk Management).
  • In liaison with other Risk teams lead equity portfolio reviews and provide input to equity portfolio stress-tests. Collaborate with other members of staff; especially in the Banking Department, Finance, the Office of the General Counsel, the Office of the Chief Economist and Banking Equity to ensure effective cross-departmental and business functioning.
  • Participate in various executive Bank committees - including the Operations Committee, SBIC, the Equity Committee and the Risk Committee.
  • Participate and contribute positively to various initiatives within Risk Management or bank-wide. 
  • Be an agent of commercial equity culture dissemination in the Bank.

 

Knowledge, Skills, Experience & Qualifications

 

  • Strong influencing skills in challenging Banking’s equity strategy, asset selection, structuring and portfolio management.
  • Substantial experience, or within six months of starting the job, good knowledge of, equity analysis, relevant markets and best practice. 
  • Ability to serve as an equity risk expert for equity investments including through provision of operational guidelines to Banking teams. 
  • Knowledge of emerging markets including CIS, CEE and SEMED.
  • Capability of delivering clear conclusions in the context of large volumes and tight timescales. Proven skills in decision-making capacity in credit and equity risk in high risk environments.
  • Strong written and spoken communication skills and superior financial analysis skills.
  • Advanced degree in finance, business, economics or equivalent on the job training.

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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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