Associate Director, Treasury Credit 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 foster the transition towards open market-oriented economies and promote 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 sustainable development and aims to support the growth of the private sector in its regions of operation, focusing on projects that enhance economic resilience and promote environmental sustainability.

Job Overview:
The Associate Director role within Treasury Credit Risk Management (TCRM) is pivotal in overseeing and managing the credit risks associated with the EBRD's Treasury operations. This includes a comprehensive approach to monitoring and managing a diverse portfolio of counterparties, ensuring compliance with credit policies, and actively participating in risk and business committees. The role demands a proactive stance in reviewing existing policies and procedures to align them with industry best practices, particularly in light of new Treasury IT infrastructure developments. The successful candidate will be expected to support core Treasury business activities, promote effective credit structuring, and ensure that the Bank's credit policies are adhered to. Additionally, the role involves direct management of team members, fostering a culture of continuous improvement and skill development within the team, and maintaining effective collaboration with other departments within the Bank.

Duties and Responsibilities:
The Associate Director will be responsible for a wide range of duties including: supporting the core Treasury business at transaction, client, and portfolio levels; promoting good credit structuring and compliance with the Bank’s credit policies; supporting the origination of Asset-Backed Securities (ABS) transactions; reviewing and updating policies and procedures to align with current market best practices; ensuring the EBRD’s systems support best practices across Banking and Treasury; exercising delegated authority to support Treasury objectives; overseeing and escalating any deteriorating positions or portfolio concentrations; anticipating risks and suggesting alternatives; minimizing overdue ratings and reviews; managing and developing the Risk Management team; promoting effective cooperation between Risk Management and other departments; maintaining an external network to understand market practices; and representing Risk Management in relevant Treasury and Risk Committees.

Required Qualifications:
Candidates must possess a strong orientation toward financial institutions, including banks, insurance companies, and sovereigns. They should have solid Treasury product expertise covering money markets, foreign exchange, OTC derivatives, and debt market instruments. A strong understanding of structured transactions and the ability to analyze complex products is essential. Experience in designing derivative and treasury-focused policies, as well as project design and implementation of IT systems for traded risk businesses, is required. Proven leadership experience in managing a team of risk professionals is crucial, along with excellent communication skills and the ability to summarize complex financial issues for non-specialists. Strong project management skills and the ability to engage positively with teams throughout the Bank are also necessary.

Educational Background:
A relevant educational background is essential for this position, typically including a degree in finance, economics, business administration, or a related field. Advanced degrees such as an MBA or a master's in finance are highly desirable, as they provide a deeper understanding of financial markets and risk management principles.

Experience:
Candidates should have significant senior risk management experience within major financial institutions, particularly involving transaction and limit approval processes. Experience in a Treasury environment and familiarity with the complexities of credit risk management in financial markets are critical for success in this role.

Languages:
Fluency in English is mandatory, as it is the working language of the EBRD. Knowledge of additional languages, particularly those relevant to the regions in which the EBRD operates, is considered an asset and may enhance a candidate's profile.

Additional Notes:
This position is a regular contract role 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.