Principal Risk Officer, Corporate Recovery

Job Posting Organization:
The European Bank for Reconstruction and Development (EBRD) is an international financial institution that was established in 1991 to support the development of market economies and promote private and entrepreneurial initiatives in countries transitioning to a market economy. The EBRD operates in over 30 countries across Europe, Asia, and the Middle East, employing a diverse workforce of approximately 2,000 employees. The bank's mission is to foster the transition to open market-oriented economies and to promote private and entrepreneurial initiatives. EBRD's operations are guided by its core values of inclusiveness, innovation, trust, and responsibility, which shape its culture and define its success.

Job Overview:
The Principal Risk Officer, Corporate Recovery plays a crucial role within the Corporate Recovery portfolio project team, acting as a senior member and potentially as an Operations Leader. This position is primarily focused on providing robust support to Associate Directors and Senior Risk Officers who are managing complex and contentious Corporate Recovery projects. The overarching goal is to maximize the Bank's recoveries through various strategies such as restructuring balance sheets, asset sales, or other value recovery actions. The Principal Risk Officer is also responsible for leading and advising on simpler projects within Corporate Recovery, which may involve non-performing debt across various sectors for both corporate entities and financial institutions in the EBRD's operational countries. Additionally, this role requires the preparation and active participation in Corporate Recovery measures, ensuring that valuable feedback is provided throughout the project cycle to relevant departments within the EBRD.

Duties and Responsibilities:
The Principal Risk Officer's duties include seeking guidance from the Director of Corporate Recovery and Senior Risk Officers regarding the design and implementation of recovery strategies. As a team member in complex deals, the officer will contribute to project implementation, which encompasses strategy development, credit and analysis" style="border-bottom: 1px dotted #007bff !important;">financial analysis, and negotiations with borrowers and other stakeholders. In the capacity of Operations Leader, the officer will execute and manage approved recovery strategies, ensuring effective negotiations with borrowers, third-party lenders, and equity providers. The role also involves monitoring internal and external reporting obligations, coordinating with various departments and Resident Offices within the Bank, and preparing stage 3 impairment or fair valuation updates for allocated impaired projects. Furthermore, the Principal Risk Officer will liaise with external counterparties such as legal firms and consultants, sharing knowledge and expertise with other departments to enhance overall project outcomes. The responsibilities are designed to facilitate the development of expertise over time, potentially leading to higher roles such as Associate Director or Senior Risk Officer.

Required Qualifications:
Candidates must possess extensive relevant work experience in Corporate Recovery or a related field, with demonstrated banking experience in a major financial institution or consultancy firm, particularly in restructuring. A proven track record in credit, analytical, corporate banking, and deal execution is essential, especially in transaction structuring, execution, and project management. Knowledge of insolvency and bankruptcy frameworks in the Bank's operational countries is crucial, along with experience in enforcing collateral and credit support mechanisms through court processes. Strong credit and financial analysis skills are required, as well as the ability to analyze complex situations and make sound judgments in challenging environments. The ideal candidate should also have good negotiation skills, a customer-focused approach, and the highest integrity, along with proficiency in Microsoft Office and financial analysis tools.

Educational Background:
A bachelor's degree in finance, economics, business administration, or a related field is required, with a preference for candidates holding advanced degrees such as an MBA or equivalent qualifications. Professional certifications in finance or risk management would be advantageous and demonstrate a commitment to the field.

Experience:
Candidates should have a significant level of experience, typically at least 7-10 years, in Corporate Recovery, restructuring, or related areas within a financial institution or consultancy. Experience in managing complex project financing structures, particularly in sectors such as energy and infrastructure, is highly desirable. The role demands a proactive and creative approach to problem-solving, with a proven ability to navigate complex and dynamic environments effectively.

Languages:
Fluency in English is mandatory, with excellent written and oral communication skills. Knowledge of at least one additional language spoken in the Bank's countries of operations is desirable and would enhance the candidate's profile.

Additional Notes:
This position is a full-time role with a regular contract type. The contract length is not specified, but the posting end date for applications is set for May 14, 202

• The EBRD promotes a hybrid workplace that emphasizes flexibility and inclusivity, and it encourages applications from qualified candidates regardless of their background. The organization prioritizes employee wellbeing and offers a comprehensive suite of competitive benefits.