Vice President, Chief Risk Officer

Requisition ID 34809 Office Country United Kingdom Office City London Division Risk Group Contract Type Fixed Term Contract Length 4 years Posting End Date 21/07/2024

Role Overview

The Vice President, Chief Risk Officer (CRO) leads the EBRD's Risk functions. Risk is a fundamental pillar of the Bank's business with the prime responsibility of ensuring the independent risk management of the EBRD's Banking (including environmental and social considerations) and Treasury exposures. This role reports directly to the President of the European Bank for Reconstruction and Development.

This is a key role which is part of the executive leadership of the EBRD, leading and managing change, and contributing to the Bank’s future strategic direction

The Risk Vice Presidency totals about 220 staff and comprises:

• Risk Management - Risk Policy & Analytics, Corporate and Project Finance and Country and FI Credit Risk Management, Equity Risk Management, Corporate Recovery, Climate Risk, and Operational Risk Management (including Security & Information Security).
  • Environment & Sustainability - EBRD’s Environment and Social Policy; assessing environmental and social risk and impacts of projects, and working towards high international standards with client action plans.
    • Procurement, Policy and Advisory – EBRD’s procurement policies and rules; proper implementation of these by the Bank’s clients in the Bank’s investment projects.

      Key Responsibilities and Deliverables

      Vice President, CRO is responsible for the formulation, delivery, communication and implementation of the Bank's strategies and policies in the area of risk management regarding; risk appetite, Banking (including environmental & social, and procurement considerations), Treasury exposures, and operational risks.

      Leadership and supervision of:

      📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

      ⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

      • the second line of defense through the independent assessment of the credit quality of Banking projects throughout the project creation and repayment cycle, based on the principle of sound banking;
        • the assessment, approval and surveillance of the credit process for Treasury activities;
          • the ongoing oversight and management of the portfolio, market risk, portfolio credit risk modelling, and economic capital calculation;
            • the work-out team for impaired Banking assets;
              • the assessment and management of environmental and social considerations associated with Banking operations;
                • client procurement associated with Banking Operations; and
                  • operational risk, including Information Security and the Bank’s Security unit.

                    The Vice President, CRO is also responsible for:

                    • Effective leadership, motivation and management of the staff in the Vice Presidency to deliver on annual and strategic objectives to the highest possible service standards.
                      • Providing advice and guidance on all matters pertaining to risk management to the Executive Committee and relevant leadership
                        • Developing and implementing strategies, which ensure a balance between the overall risk assumed in carrying out the Bank’s transition mandate.
                          • Establishing and maintaining, within their extensive international network and together with direct reports, highly respected and collaborative relationships at the most senior levels in counterparty international institutions in order to remain apprised of global best practices in all areas of responsibility.
                            • Identifying diversity as a strategic imperative and, with senior management colleagues, promoting the value of diversity throughout the organisation.
                              • Assisting the President in their role by representing the Bank in high-level external business and political fora.

                                Internal Committees:

                                This role is a member (or chair) of the Executive Committee, the Crisis Management Committee, the Operations and Equity Committees and the Risk Committee.

                                Essential Skills, Experience & Qualifications

                                Business Expertise

                                • A proven, significant professional track record and broad international leadership experience in the assessment and mitigation of risk in banking operations; treasury exposures in emerging and developed markets and enterprise risk.
                                  • A good understanding of the EBRD's mandate and its implications for the contribution of the work of the Vice Presidency to the Bank’s overall delivery.