Managing Director, Risk Management

Job Posting Organization:
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded 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. The EBRD operates in over 30 countries and employs approximately 2,000 staff members. The organization is committed to sustainability, equality, and digital transformation, and values diversity as one of its core principles.

Job Overview:
The Managing Director (MD) of Risk Management plays a crucial role in supporting the Chief Risk Officer (CRO) in enhancing the Bank's enterprise risk management framework. This position involves advising the VP CRO, Executive Committee, and Board of Directors on the Bank's Risk Appetite, ensuring that material risks are effectively identified, assessed, monitored, and escalated. The MD leads a team of risk management professionals, ensuring the implementation of the department's mandate, which includes external benchmarking and the design and implementation of risk management frameworks and standards. The role requires influencing stakeholders and exercising balanced judgment around delegated authority, making it pivotal for the overall risk management strategy of the Bank.

Duties and Responsibilities:
The MD is accountable for providing thought leadership in the design and implementation of the Bank's Enterprise Risk Management Framework. This includes ensuring that risk policies and practices reflect current best practices and are calibrated to manage risks effectively. The MD is responsible for people leadership, including attracting, managing performance, coaching, and developing RM staff. The role involves strategic talent and workforce planning, fostering open relationships with stakeholders, and contributing to the strategic direction of the Bank. The MD exercises delegated authority for approvals related to Non-Performing Loan (NPL) restructuring, new financing provisions, concentration limits, and market risk parameters. Additionally, the MD oversees risk reporting and analysis for the Executive Committee, Audit and Risk Committee, and Credit Rating Agencies, while maintaining strong relationships with peer institutions and industry bodies.

Required Qualifications:
Candidates must possess extensive knowledge and experience in managing various types of risks, including credit, market, and operational risk, ideally from key risk roles in similar or larger institutions within the financial services industry. An understanding of the unique challenges faced by development banks and the risks in the countries where the Bank operates is essential. Candidates should have a proven track record of influencing strategic direction, building and leading diverse teams, and engaging effectively with stakeholders at all levels. Excellent communication skills are necessary for addressing complex issues and presenting confidently to diverse audiences.

Educational Background:
A relevant degree or equivalent professional experience is required for this position. Candidates should have a strong academic background that supports their understanding of risk management principles and practices.

Experience:
The position requires significant experience in risk management roles, ideally at a senior level such as Chief Risk Officer or Deputy Chief Risk Officer. Candidates should have a demonstrated ability to drive change and engage with broader management topics, showcasing a history of successful leadership in complex environments.

Languages:
Fluency in English is mandatory, and knowledge of additional languages is considered an asset, particularly those relevant to the regions in which the EBRD operates.

Additional Notes:
This is a fixed-term contract for 4 years, with the potential for renewal for an additional 4 years. The position is based in London, United Kingdom, and the EBRD promotes flexible working arrangements, expecting employees to attend the office 50% of their working time. The organization encourages applications from all qualified candidates, regardless of their background, and is committed to creating an inclusive work environment.