Principal or Senior Risk Manager- vacancy

Job title:Principal or Senior Risk Manager
Country: United Kingdom
City: London
Department: Risk and Resources Vice Presidency
Business Unit:Treasury Credit Risk
Closing date:  2 June 2013
Contract duration: 12 month short term contract starting in July/August 2013
Role Overview
Treasury Credit Risk Management (TCRM) is responsible for the independent identification, analysis, surveillance and mitigation of credit risks in the EBRD’s Treasury operations. TCRM and Treasury work in close co-operation towards optimizing the risk adjusted return on the portfolio within investment and risk parameters authorized by the Board of Directors.

TCRM manages the credit risk process related to Treasury counterparties and Treasury assets.  Counterparties are typically complex banking groups but also include some corporates and insurance companies across Europe, North America and Asia. The TCRM team performs the initial assessment, on-going surveillance and periodic reassessment of Treasury’s counterparties and investment assets. TCRM also review legal documentation for a range of Treasury products. Finally the department regularly considers and updates counterparty risk management procedure and policies to target best practice and reflect market developments.

The Principal/Senior Risk Manager will have proven experience in credit risk and/or financial analysis of financial institutions and will contribute to the credit process relating to the EBRD’s Treasury activities by acting as Primary Risk Manager for a portfolio of highly rated counterparties. The Principal/Senior Risk Manager will also provide the control function to ensure consistency of ratings in TCRM (as well as with other units).
Key Responsibilities and Deliverables
 ·        Perform timely and efficient credit analysis of own portfolio to determine internal credit ratings and recommendations. Monitoring of this portfolio of counterparties including on-going surveillance reports and regular reviews featuring sector analysis and name-by-name assessments.

 ·         Responsibility for counterparty reviews process and output control. This includes revision of all counterparty reviews published to ensure consistency of final ratings and macro assessment with other counterparty reviews as well as minimum quality.

·         Act as Secondary Risk Manager in back-up for selected approved names and generally support other Risk Managers in sharing knowledge including coaching of more junior Risk Managers.

·         Maintain awareness and assess critically developments in global financial markets which may impact the EBRD’s risk exposures.

·         Provide input for credit policy and procedure development as well as consideration of other ad hoc topics which arise in the Treasury portfolio. 

·         Review and comment on documentation and terms for Treasury products (repos, derivatives, etc).

·         Manage and monitor the limit and rating data in the EBRD limits system (the internal control and approval processing system) for assigned counterparties.
·         Provide general support of TCRM’s broader objectives.

Essential Skills, Experience & Qualifications
 ·         Masters degree in finance, economics or business administration from a leading university or comparable certifications.

·         Minimum 5 years work experience in a relevant financial institution, preferred around 7-10 years but strong candidates with less experience and Associate level will also be considered.

·         Strong knowledge of credit analysis and/or financial analysis required, in particular of complex financial institutions.

·         Preferred: Previous exposure to credit practices, procedures and policies at a leading financial institution or supranational.

·         Preferred: knowledge of Treasury product risk policies and market practice in emerging markets.
Competencies & Personal Attributes
·         Technical & professional expertise – Has the ability to make effective and appropriate use of the skills and knowledge described above.

·         Analytical and critical thinking – A logical approach to problem solving with attention to detail. Is analytical, questions rationale and is open to different and sometimes diverging views of what the risks may be and constructive feedback in this regard.

·         Team orientation – Works closely and intensely with TCRM colleagues in a spirit of mutual support and collective achievement of the team’s objectives. Ability to collaborate with and constructively challenge team-mates while maintaining an atmosphere of camaraderie and solidarity is an absolute necessity.    

·         Communication and inter-personal skills – The ability to communicate appropriate, concise and accurate information in written and verbal credit assessments. Effectively articulates and presents his/her view of the risks.  Influencing skills important given the mandate to consider and possibly effect change.

·         Results orientation – Ability to provide recommendations and reports on time and to a high quality standard, often under time pressure.

·         Drive for excellence – Seeks to attain the highest possible quality in his or her own work and the team’s output. Advocates for and seeks to continually stay on top of best practices.
·         Integrity – Takes actions consistent with the EBRD way of doing business – code of conduct, business ethics

    Multicultural sensitivity – Attracted to the multi-cultural environment of EBRD and able to build effective working relations with clients and colleagues.
Ref: 50014902
how to apply:
follow the link below:
http://www.ebrdjobs.com/fe/tpl_ebrd01.asp?newms=jj&id=93589