Job Description

Requisition ID: 19346 Office Country: United Kingdom Office City: London Division: VP, Policy and Partnerships Dept. / Bus. Group: External Relations and Partnerships Business Unit: Economics, Policy & Governance Contract Type: Fixed Term Contract Length:  2 years Posting End Date: 04/02/2021 EBRD is looking for a talented Economist to join its team of environmental economists. The successful candidate will be primarily deployed in the implementation of EBRD's Just Transition Initiative. Key activities under their remit could include managing EBRD's engagement with key stakeholders active in Design and implementation of just transition strategies; preparing policy pieces on stranded assets and international just transition programmes; supporting the preparation of just transition plans, regional diversification strategies and climate plans; and supporting the design of just transition projects that the Bank could finance. The candidate will also contribute to other objectives of the Sector and Economics team in areas such as economic assessment and Paris Alignment, projects assessments, country diagnostics, green recovery and Environmental Policy, etc.

Purpose of Job

The Associate Economist is a member of the Sector Economics and Policy (SEP) pillar in the Economics, Policy and Governance department (EPG) of the VP Policy and Partnership. She/he plays a core role in implementing the Bank's mandate to promote transition in EBRD's countries of operations (COOs). Working in close cooperation with the Banking department and other Bank groups, she/he supports the effective implementation of the Bank's mandate. In particular, the postholder contributes to achieving the goals of the Green Economy Transition (GET 2.1) Approach of the Bank, which seeks to align all of its activities with the Paris Agreement and channel up to 50 per cent of EBRD annual business volume in green projects with high transition impact by 2025.

The Associate Economist identifies green gaps and opportunities in countries of operation and supports the Banking department in structuring the green investment products, with a view to maximise their transition impact. She/he regularly monitors the projects and policy performance, proposing modifications if needed, so that the intended targets are met.

The Associate Economist is engaged in policy dialogue activities that are linked to supporting the GET Approach. This will include a focus on the implementation of the Bank's Just Transition Initiative and work in other areas, for instance Paris Alignment, national low carbon roadmaps, green recovery and carbon markets design. The post holder represents EPG and the Bank in selected internal and external committees and project review/ working groups related to GET and GEFFs from an economic perspective.

Accountabilities & Responsibilities

  • Appraises and monitors investment projects and their related technical cooperation and policy dialogue activities for their impact on transition, conducting TIMS and other evaluation exercises, through engagement with Banking project teams and due diligence visits to the region;
  • Provides transition ratings and monitoring of transition impact benchmarks, covering projects submitted to the different committees and to the Board, as well as input into management briefings for internal and External Communications;
  • Conducts economic and regulatory assessments, linked to the green quality in EBRD countries of operations; supports the preparation of country diagnostics, country strategies and green investment and policy products of the Bank;
  • Conducts, under the guidance of the Associate Director, policy engagements linked to green topics (e.g. EBRD's Just Transition Initiative, national decarbonisation plans, carbon markets), including Technical Cooperation, analytical and economic Analysis and liaison with authorities/ clients of the Bank or other beneficiaries of the policy actions;
  • On occasions, represents the Bank and provides technical input to relevant fora (conferences, dialogues with IFI counterparts, GCF and other EBRD donors, etc.) to develop and spread best practices.
Qualifications & Skills / Experience & Knowledge

  • Postgraduate degree in economics, Environmental Economics or related field from a leading university. A PhD in economics or closely related discipline is an advantage;
3 - 5 years of relevant work experience in green sectors, gained through full-time employment in a leading consultancy firm, think tank, multilateral financial institution, government body or academia; In-depth understanding of scientific, social, economic and political dimensions of environmental and climate issues, with a particular emphasis on just transition, climate justice, Climate Finance, national decarbonisation plans and green recovery; Excellent analytical and quantitative skills (e.g. advanced excel, econometric tools); Ability to understand financial and credit analysis of investment projects; Excellent interpersonal skills and ability to work effectively in teams as well as independently; Excellent written and oral communication skills in English; Experience in the elaboration of regional development programmes, just transition plans or other activities/policies that link the environmental and social dimensions of climate policies is an advantage; Work or study experience in the EBRD region of operations is an advantage; Knowledge of one or more languages of the region is an advantage.

Diversity is one of the Bank's core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote flexible working.

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