Associate Director, Head of Treasury Credit Risk Management

European Bank for Reconstruction and Development; London; Hybrid; GBP 80,000 - 120,000; Full time

Job description

Associate Director, Head of Treasury Credit Risk Management

Treasury Credit Risk Management (TCRM) is responsible for all credit risks arising from the activities of EBRD’s Treasury function, including hedging flow with wholesale counterparties, risk management solutions for clients, the Bank’s funding tools including ABS, and issuer risk from liquidity placement into securities and money market deposits.

The TCRM team is involved in monitoring and risk-managing a large portfolio of counterparties, overseeing bank-wide issuer risk, and managing the credit risks from structured funding activities, in addition to review of credit policy as it relates to Treasury activities. The role requires regular surveillance of counterparties’ activities, transactions, and portfolios; as well as regular interaction with Treasury staff in first line. Head of Treasury Credit Risk Management role demands proactive participation in relevant risk and business committees.

A crucial part of this Associate Director role will be a wide-ranging review of existing policies and procedures to align them with best practice, and to ensure that our new Treasury IT infrastructure can support.

Accountabilities & Responsibilities

• Support core Treasury business at transaction, client, and portfolio level, promoting good credit structuring and ensure compliance with the Bank’s credit policies, practices and infrastructure.
• Support origination of ABS transactions in the Treasury portfolio and leverage this experience to support portfolio-based products in the Banking portfolio.
• Review policies and procedures to ensure that they follow current market best practice and, via the proposed IT implementation, ensure that the EBRD’s systems are able to support best practices across both its Banking and Treasury business.
• Use delegated authority prudently and appropriately to support Treasury in fulfilling its objectives and to limit potential loss. Ensure quality, timeliness and consistency of decisions and risk assessments.
• Provide continued oversight, identify and escalate any deteriorating positions/counterparties or portfolio concentrations and provide solutions to avoid loss. To anticipate risks and potential problems and suggest alternatives. To minimise overdue ratings and reviews.
• Support the Risk Management leadership in terms of managing, supporting and developing the team to deliver the team strategy and objectives. This includes the direct line management of team members, and a continuous expansion of capability and skills within the team, managing the allocation of work across the team and ensuring appropriate utilisation of staff.
• Be aware of current best practice in reviewing process/control gaps and providing solutions. Promote a partnership approach to ensure effective co-operation and working relationships between Risk Management and other departments in the Bank. Maintain external network to ensure we understand market practice.
• Represent Risk Management in relevant Treasury committees (Exposure, Performance) or Risk Committees as appropriate.

Knowledge, Skills, Experience & Qualifications

• Strong orientation toward financial institutions (including banks, insurance companies, clearing houses, sovereigns and sub-sovereigns).
• Solid Treasury product expertise covering money markets, foreign exchange, OTC derivative and debt market instruments, including the associated risk measurement, stress, legal documentation, and the operational requirements.
• Strong understanding of structured transactions and associated analysis including collateral & netting, ability to breakdown complex products or structures into simple risk concepts to help overall understanding and appreciation of risks.
• Experience of design of derivative, issuer risk, and treasury-focused policies and procedures.
• Experience of project design and implementation of IT systems to support traded risk businesses.
• Significant senior risk management experience in major financial institution(s) involving transaction/limit approval.
• Proven leadership track record, having previously led and managed a team of risk professionals.
• Excellent communication skills, combined with an ability to motivate risk professionals to deliver business objectives effectively in a multi-cultural, results-orientated organisation.
• Ability to summarise complex financial issues in a manner which is understandable by non-specialists.
• Solid project management skills and experience in transformation.
• Strong partnership skills to enable positive engagement with teams throughout the Bank.
• Ability to interface with senior risk management colleagues and Front Office using clear language and strong influencing skills to generate buy-in.

What is it like to work at the EBRD?

Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people's lives and help shape the future of the regions we invest in.

The EBRD environment provides you with:

• Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in;
• A working culture that embraces inclusion and celebrates diversity;
• An environment that places sustainability, equality and digital transformation at the heart of what we do.

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 and expecting our employee to attend the office 50% of their working time.

Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).