Associate Director Risk Officer

Job Posting Organization:
The European Bank for Reconstruction and Development (EBRD) is a multilateral development bank established in 199

• Its mission is to promote the transition to open market-oriented economies and to foster private and entrepreneurial initiative in countries from Central Europe to Central Asia and the Southern and Eastern Mediterranean. The EBRD operates in over 30 countries and has a workforce of approximately 2,000 employees. The bank focuses on various sectors, including infrastructure, energy, and financial institutions, and aims to support sustainable development and economic growth in the regions it serves.

Job Overview:
The Associate Director Risk Officer plays a crucial role in the Risk Management division of the EBRD, which serves as the second line of defense in identifying, reporting, and mitigating risks associated with the bank's portfolio. This position involves independently analyzing and appraising risks related to new and existing equity and quasi-equity transactions. The Associate Director is expected to challenge bankers and committees to ensure compliance with the bank's sound banking mandate. The role includes leading and managing junior staff, providing operational guidelines, and ensuring that the bank understands the operating environments in various countries, particularly in Sub-Saharan Africa and Iraq. The Associate Director will also be responsible for preparing equity risk notes, appraising proposals, and ensuring compliance with internal guidelines.

Duties and Responsibilities:
The duties and responsibilities of the Associate Director Risk Officer include initiating risk-based analysis of proposed new EBRD countries of operation, establishing independent views on equity proposals, preparing and communicating equity risk notes, acting as a risk expert for Equity Risk projects, delivering authoritative conclusions under tight deadlines, managing credit risk for designated portfolios, ensuring compliance with valuation methodologies, and leading equity portfolio reviews. The Associate Director will also engage with banking teams, participate in executive committees, and contribute to various initiatives within Risk Management. Additionally, the role requires monitoring assigned portfolio counterparties and market developments, coaching banking staff, and collaborating with other departments to ensure effective functioning across the bank.

Required Qualifications:
Candidates for the Associate Director Risk Officer position must possess strong influencing skills, extensive experience in equity analysis, and hands-on transactional equity experience from private equity funds, investment banks, or similar institutions. They should have a deep understanding of emerging markets, particularly in Africa, and demonstrate the ability to make autonomous decisions in high-risk environments. Strong written and verbal communication skills, superior financial analysis capabilities, and people management skills are essential. The candidate should also have a solution-oriented approach and the ability to build rapport with colleagues.

Educational Background:
An advanced degree in finance, business, economics, or equivalent on-the-job training is required for this position. The educational background should provide a solid foundation in financial principles, risk management, and analytical skills necessary for evaluating equity investments and managing associated risks.

Experience:
The position requires significant experience in equity risk management, with a proven track record in autonomous decision-making at a senior level. Candidates should have extensive experience in equity analysis and a deep understanding of relevant markets and best practices. Experience working in high-risk environments and managing credit risk is also essential.

Languages:
Fluency in English is mandatory, and proficiency in additional languages, particularly those relevant to the EBRD's operational regions, is considered an asset. Strong communication skills in both written and spoken formats are crucial for effectively conveying complex information to diverse audiences.

Additional Notes:
This is a full-time position with a regular contract type. The role involves significant responsibilities, including leading and managing junior staff, and requires a high level of expertise in risk management. The EBRD promotes a diverse and inclusive work environment and encourages applications from qualified candidates regardless of their background. The bank offers a hybrid workplace model, prioritizing employee wellbeing and providing competitive benefits.