Accountabilities & Responsibilities
The Principal Risk Officer will work under supervision of Associate Director and/or Director, but with varying levels of supervision depending on their experience and the relevant task. They are expected to demonstrate considerable ability to work un-supervised and exercise their own decision making ability, using their delegated powers where appropriate:
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.
In liaison with other units in Risk, Banking and Office of Chief Economist, lead the country portfolio reviews.
Ensure projects comply with any relevant risk guidelines, 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 regular monitoring of the assigned portfolio counterparties, countries and market developments. Actively and constructively engage with Banking and other relevant staff to ensure adequacy of front-line monitoring and coach and mentor Banking when appropriate (including through Banking staff rotation in Country and FI Credit Risk Management).
In liaison with Risk Policy and Analytics and other Credit teams lead periodic FI sector portfolio reviews as requested by the Team Director and provide input to Bank-wide and Regional stress-tests. Collaborate with other members of staff; especially in the Banking Department, Finance, the Office of the General Counsel and EPG to ensure effective cross-departmental and business functioning.
Participate in various executive Bank committees – including the Operations Committee, SBIC, RiskCom etc. Support the presentation of transactions and initiatives to the Board as appropriate.
Participate and contribute positively to various initiatives within Risk Management or bank-wide.
Be an agent of credit culture dissemination, including through work with bankers or economists or others on rotation.
When requested, perform the tasks identified below for ABS Risk Team & Treasury Counterparty Risk Team as back-up for that team and also on occasion as a Primary Risk Manager as identified in that section and hold all relevant approvals in order to make those decisions in the Treasury Portfolio.

Knowledge, Skills, Experience & Qualifications
Influencing skills in challenge to the Banking team’s selection, structuring and portfolio management of the transaction and ability to articulate different views.
Substantial experience of analysing financial institutions.
Excellent financial modelling and financial accounts knowledge.
Knowledge of emerging markets, CIS, CEE and SEMED.
Ability to deliver clear authoritative conclusions in the context of large volumes and tight timescales.
Proven skills and track record in autonomous decision-making capacity in credit and equity risk in high risk environments.
Strong written and spoken communication skills.
People management skills for junior staff under their responsibility or mentorship.
Advanced degree in finance, business, economics or equivalent on the job training.
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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