Associate

Job Posting Organization:
The Office of the Chief Compliance Officer (OCCO) at the European Bank for Reconstruction and Development (EBRD) is dedicated to protecting the integrity and reputation of the Bank. Established to promote ethical standards and enhance accountability and transparency, OCCO plays a crucial role in identifying, assessing, and monitoring integrity risks. The organization operates across multiple countries, focusing on compliance with the Bank's standards and policies, and is committed to managing integrity risks effectively. The Project Integrity team, a specialist function within OCCO, addresses issues related to bribery, corruption, money laundering, and sanctions, ensuring that the Bank's operations align with its integrity commitments.

Job Overview:
The Associate will primarily be responsible for conducting assurance testing to ensure compliance with Project Integrity's procedures and guidelines. This role involves executing risk-based monitoring and testing plans, identifying weaknesses in the First Line of Defence's application of Integrity Due Diligence requirements, and producing clear assurance reports along with action plans for remediation. The Associate will also provide support to Project Integrity Principals and Associate Directors on integrity and reputational risk assessments related to EBRD projects. The position requires a proactive approach to enhancing assurance testing and related Key Risk Indicators (KRIs) for compliance activities beyond Project Integrity, collaborating with various stakeholders to improve controls and implement remedial actions. The Associate will work under the general direction of the Associate Director, Head of Capital Markets and Conflicts, and is expected to engage in both assurance testing (60-70% of the role) and general support for Project Integrity activities (30-40%).

Duties and Responsibilities:
The Associate's duties include conducting assurance testing of projects using risk-based sampling methodologies to verify compliance with applicable requirements, particularly focusing on identifying party roles and relationships. They will design and execute risk-based monitoring and testing plans, document test work, produce assurance reports, and oversee action plans for remediation. The Associate will recommend, track, and monitor process improvements and corrective actions, ensuring timely implementation and closure while addressing emerging risks. Periodic configuration reviews and attestations will be conducted to ensure that key systems align with approved thresholds and the Bank's risk appetite. Collaboration with Screening and Project Integrity teams is essential to refine sampling methodologies and testing focus areas. The Associate will also assist in integrity assessments and due diligence reviews for complex transactions, provide training and guidance to Banking teams on integrity standards, and support capacity-building initiatives.

Required Qualifications:
Candidates must possess a degree in finance, law, compliance, or a related field, or have equivalent experience. Professional experience in banking, legal, compliance, auditing, or risk management is required, with demonstrated analytical capabilities. Experience with systematic review processes, quality assurance, or second line of defence functions is preferred. A strong understanding of integrity due diligence, anti-money laundering, and compliance frameworks is essential. Proficiency in data analysis and documentation review tools is necessary, and familiarity with AI-supported analytical processes is advantageous. Knowledge of EBRD regions is beneficial, along with excellent analytical skills to identify patterns and trends across large volumes of documentation. Candidates should demonstrate high integrity, discretion, and strong written communication skills for producing clear findings and recommendations.

Educational Background:
A degree in finance, law, compliance, or a related field is preferred, or equivalent experience in a relevant area. This educational background is crucial for understanding the complexities of compliance, risk management, and integrity due diligence, which are central to the role.

Experience:
The position requires professional experience in banking, legal, compliance, auditing, or risk management. Candidates should have a demonstrated ability to apply analytical skills in these areas, particularly in systematic review processes and quality assurance. Experience in second line of defence functions is preferred, indicating a familiarity with compliance frameworks and risk management practices.

Languages:
While the job description does not specify mandatory languages, proficiency in English is likely essential given the international nature of the EBRD. Additional languages relevant to the regions in which the EBRD operates would be considered advantageous, enhancing communication with diverse stakeholders.

Additional Notes:
The position is a regular contract with a contract length that is not specified. The EBRD promotes a flexible working environment, expecting employees to attend the office 50% of their working time. The organization values diversity and encourages applications from qualified candidates regardless of their background. Due to the high volume of applications, the EBRD may not provide detailed feedback to candidates who are not shortlisted.