Share this Job

Principal, Trader Portfolio Mgmt

Posting Date: 22-Nov-2021

Location: London, GB

Company: EBRD

Requisition ID 24084
Office Country United Kingdom
Office City London
Division Treasury Department
Dept. / Bus. Group Balance Sheet Management
Business Unit Balance Sheet Management
Job Key 50022772
OTE/NOTE not eligible for overtime
Full-Time/Part-Time Full Time
PMF Band 06
Recruiter Elena Lazarou
Contract Type Regular
Contract Length
Posting End Date 06/12/2021 

 

Role Overview

The Principal, Portfolio Management EMEA is an interest rates and FX market expert who is responsible, under supervision and guidance of the Director, for the management of the Bank’s market and structural risk in FX and interest rates as well as the liquidity and funding exposures in designated local currencies, within the constraints of managing a mark-to-market book with P&L targets.

Given the underdeveloped nature of most local currency markets in which the Bank operates, the role goes well beyond managing local currency financial and market risks. Under the guidance of the Director, the role also involves:

  • developing further both the internal and external framework to expand the Bank’s capacity to manage local currency market risks and offer local currency products meeting clients’ demand.
  • providing specialised financial guidance on what loan and bond features the Bank can offer to its clients in each local currency

 

Background

The Portfolio Management – EMEA Group is the nexus for the local currency operations of EBRD’s Treasury. The desk has functional responsibility for the management of all financial risks to the Bank associated with the Bank’s local currency activities.

The core function of Portfolio Management – EMEA is the management and provision of liquidity in support of the Bank’s local currency lending activities. Crucially this risk comprises both the market risks and the liquidity / cash management risks of the Bank. It is the function of the Portfolio Management – EMEA desk to manage these risks, and where relevant run its own risk in pursuit of its P&L targets.

Furthermore, as the core of practical financial markets expertise in the Bank the Portfolio Management – EMEA desk plays a fundamental role in the development of money and derivatives local currency markets in both an advisory and practical capacity.

 

Key Responsibilities and Deliverables

 

The Principal, Portfolio Management – EMEA is expected to perform the following duties under supervision and guidance of the Director:

 

  • Responsible for assessing the market environment and managing the market risks in the relevant currencies within the EBRD risk and limits. This includes managing interest rate, FX, liquidity (both long and short term) and credit risk. Managing liquidity risk includes cash management, which is crucial to ensuring that the Bank can operate on a day-to-day basis including the honouring of its debt obligations, disbursements to Banking projects and any other Treasury investments and payments as necessary.
  • Responsible for meeting the personal P&L target in the relevant currencies within the risk constraints set for them and the operational guidelines outlined in the T&TRMA.
  • Formulate, communicate and implement investment strategies in the relevant markets.
  • Responsible for the creation and maintenance of liquidity and products in relevant currencies, for maturities and interest rate risk profiles that are important for the Bank’s clients. This includes developing both the internal and external frameworks in support of such developments.
  • Develop and maintain relationships with local market counterparties and Central Banks to facilitate the Banks provision of local currency lending.
  • Develop and maintain relationships with market counterparties, other MDB’s and relevant industry bodies.
  • Build a network of working relationships and dialogue/co-operation with all relevant departments within the Bank to ensure effective product deliver

 

Essential Skills, Experience & Qualifications

 

  • Significant financial markets experience ideally in a major financial institution.
  • An established knowledge of interest rate & FX markets, their dynamics and inter-linkages, preferably gained via trading / execution or a Treasury role is desirable.
  • A strong understanding of all relevant products is desirable: vanilla interest rate derivatives (IRS, OIS, FRAs, Futures, & options); FX spot, fwd & swaps; cross currency basis swaps, single currency basis swaps; Repos, MMKTs and the trade life cycle.
  • Strong ability to interpret financial information.
  • Capacity to adapt and develop new solutions through analytical, interpretative, evaluative, creative and innovative thinking
  • Partnership, influencing, problem solving and client relationship/orientation skills to enable the delivery of Treasury’s and the Bank’s quantitative and qualitative business targets.
  • Having an established network of relationships to facilitate the flow of information is a plus.
  • Strong technological skills in the use of all relevant systems: Bloomberg, Excel (some VBA), Summit, Reuters dealing & Eikon, Powerpoint, Outlook, and other systems as relevant.
  • Minimum Bachelor’s degree. Master’s degree desirable but not required.
  • Some understanding of the former CIS markets would be preferable.
  • Strong English, reading, writing and comprehension skills are a necessity. A second language of one of EBRD’s Countries of Operation is highly desirable, preferably Russian.

 

Competencies & Personal Attributes

 

  • Organisational Alignment - Comfortable operating in a multi-cultural environment and with an interest and motivation for the Bank’s mission
  • Creativity and Innovation – the ability to question habits and current methods and to adapt or generate imaginative, innovative and new ideas
  • Results Oriented - The ability to set clear goals and objectives for self, focusing on the delivery of targets, quality and deadlines
  • Team Player
  • Attention to detail
  • Proactive Problem solver

 

Please note that CCTs, Interns and applicants working directly for a Board office can only apply for jobs advertised via the external careers website.


Job Segment: Bank, Banking, Manager, Finance, Management