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Principal Risk Officer

Posting Date: 22-Jul-2021

Location: London, GB

Company: EBRD

Requisition ID 22347
Office Country United Kingdom
Office City London
Division Risk and Compliance Group
Dept. / Bus. Group Risk Management
Business Unit Corp & Project Finance Credit Risk Mgmt
Contract Type Fixed Term
Contract Length 2 years
Posting End Date 05/08/2021 

Purpose of Job

 

Independently analyse and appraise the risks of EBRD’s new and existing portfolio of corporate and project finance debt transactions. Identify required due diligence, recommend appropriate risk mitigation measures and transaction structures, including security, covenants, and pricing. Advise bankers and the Bank’s Committees to ensure that banking projects comply with the Bank’s sound banking mandate. The Principal Risk Officer reviews portfolio projects, assigns credit ratings and communicates trends in the portfolio and lessons learned to management and peers for their broader strategic decision-making and bottom-up stress-testing. The Principal Risk Officer is responsible to lead and coach junior Credit Managers, analysts and junior bankers rotating through Corporate & Project Finance Credit Risk Management Team.

 

Accountabilities & Responsibilities

 

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

  • 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 and 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 regularly monitoring of the assigned portfolio counterparties arranged in sector clusters, countries (with a key responsibility for a/ several country/ies across the whole of Corporate & Project Finance Credit Risk Management) and market developments. Actively and constructively engages with Banking and other relevant staff to ensure adequacy of front-line monitoring, coach Banking representatives when appropriate (including rotation in Corporate & Project Finance Credit Risk Management).
  • In liaison with Risk Policy and Reporting and other Credit teams lead sector portfolio reviews and provide input to portfolio stress-tests. Collaborate with other members of staff; especially in the Banking Department, Finance, the Office of the General Counsel and the Office of the Chief Economist 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 mentoring of bankers on rotation.
  • Initially the new principal will have a small independent portfolio but mostly support Senior Credit Managers in their new transactions and portfolio as well as take the lead on transactions with their guidance.

 

Knowledge, Skills, Experience & Qualifications

 

  • Relevant risk management experience is essential.
  • Experience of structuring high yield loans and other financial instruments, in both corporate and project finance. 
  • Knowledge of emerging markets, CIS, CEE and SEMED.
  • Advanced degree in finance, business, economics or equivalent on the job training.
  • Demonstrate developing people management skills for junior staff under his/her coaching/ mentoring responsibility.
  • May act as the risk expert for specific corporate sectors and provide operational guidelines to the Banking teams and provide input into project selection and prioritisation. 
  • Influencing skills in overseeing the Banking team’s structuring of the transaction and articulation of any different views.
  • Deliver clear authoritative conclusions in the context of large volumes and tight timescales. Proven skills and track record in decision-making capacity in credit risk in high risk environments.
  • 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.
  • Strong written and spoken communication skills and good Excel knowledge.

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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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