Associate Director, Equity Risk

Requisition ID 33948 Office Country United Kingdom Office City London Division Risk Management Contract Type Regular Contract Length Posting End Date 13/10/2023

Purpose of Job

Independently analyse and appraise the risks of EBRD’s new and existing portfolio equity and quasi-equity transactions. Identify required due diligence, validate structure and pricing, value creation plans, exit strategy and market risk mitigation. Challenge bankers and the Bank’s Committees to ensure that banking projects comply with the Bank’s sound banking mandate. The Associate Director, Senior Risk Officer reviews portfolio projects, validates fair value assessments and communicates trends in the portfolio and lessons learned to management and peers for project selection, broader strategic decision-making and bottom-up stress-testing. The Associate Director, Senior Risk Officer may be responsible for leading, coaching and managing junior Equity Risk Officers, analysts and junior bankers rotating through Equity Risk Management Team. The Associate Director, Senior Risk Officer may be required to deputise in the absence of the Director, Equity Risk Management.

Accountabilities & Responsibilities

• Establish an independent and unbiased view on equity proposals presented to the Operations Committee / SBIC and make clear recommendations on each proposal. Prepare and communicate equity risk notes at each stage of approval.
• Analyse the equity case and structure, entry valuations, value creation plan and realism of exit assumptions. Review integrity and anti-money laundering issues to ensure compliance with internal guidelines and advise on referral to the Office of the Chief Compliance Officer as required. Appraise the validity and reliability of key assumptions of each proposal, including via involvement in the commissioning and review of independent due diligence and travel.
• Ensure projects comply with relevant valuation methodology and guidelines. Have the ownership of Risk data in the area of responsibility.
• Exercise independent delegated authority regarding portfolio actions (including certain waivers and amendments), and recommendations to senior management on matters requiring higher level approval (including capital increases, exits, transfers to corporate recovery, etc.).
• Lead proactive and regular monitoring of the assigned portfolio counterparties, product and market developments. Actively and constructively engage with Banking and other relevant staff to ensure adequacy of front-line monitoring, and coach Banking when appropriate (including rotation in Equity Risk Management).
• In liaison with other Risk teams lead equity portfolio reviews and provide input to equity portfolio stress-tests. Collaborate with other members of staff; especially in the Banking Department, Finance, the Office of the General Counsel, the Office of the Chief Economist and Banking Equity to ensure effective cross-departmental and business functioning.
• Participate in various executive Bank committees - including the Operations Committee, SBIC, the Equity Committee and the Risk Committee.
• Participate and contribute positively to various initiatives within Risk Management or bank-wide.
• Be an agent of commercial equity culture dissemination in the Bank.

  Knowledge, Skills, Experience & Qualifications

  • Strong influencing skills in challenging Banking’s equity strategy, asset selection, structuring and portfolio management.
  • Extensive experience, or within six months of starting the job strong knowledge of, equity analysis, relevant markets and best practice.
  • Ability to serve as the equity risk expert for equity investments including through provision of operational guidelines to Banking teams.
  • Knowledge of emerging markets, ideally CIS, CEE and SEMED.
    • Capability of delivering clear authoritative conclusions in the context of large volumes and tight timescales. Proven skills and track record in autonomous decision-making capacity at a senior level in credit and equity risk in high risk environments.
      • Strong written and spoken communication skills and superior financial analysis skills.
      • Advanced degree in finance, business, economics or equivalent on-the-job training.
      • People management skills for junior staff under his/her responsibility.

        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.