European Bank for Reconstruction and Development
Contract Length: 4 years with potential to renew for a further 4 years. Posting End Date: 05/07/2026. Purpose of Job The Managing Director (MD), Risk Management, is a direct report of the Vice President, Chief Risk Officer (VP CRO) and is responsible for supporting the CRO in delivery and continuous enhancement of the Bank's enterprise risk management framework. Pivotal to the delivery of the role is advising and recommending to the VP CRO, Executive Committee and the Board of Directors the Bank's Risk Appetite and ensuring that material risks are identified, assessed, monitored, challenged and escalated in a timely and well-governed manner. Though their leadership of a team of risk management professionals, the MD ensures implementation of the department's mandate, including external benchmarking, design and implementation of frameworks and standards, influencing stakeholders and exercising balanced judgement around delegated authority. Accountabilities & Responsibilities Accountable for providing thought leadership in the design and implementationof the Bank's Enterprise Risk Management Framework. Ensures Risk policies and practices reflect current best practice and are responsively calibrated to provide effective and efficient management of the risks faced by the EBRD. Accountable for the people leadership, engagement and effective overall management of RM staff, including attracting, performance management, coaching and development. Active role in strategic talent and workforce planning. Leads by example, fostering open and constructive working relationships with stakeholders, particularly in building best in class risk management capability across the Bank. Contributes to and influences the strategic direction of the Bank, ensuring decisions reflect a considered balance between opportunities and threats Exercises delegated authority including approvals of Non-Performing Loan (NPL) restructuring and new financing provision, concentration limits and market risk parameters. Oversees and delivers risk reporting and analysis to the Executive Committee, Audit and Risk Committee of the Board and to Credit Rating Agencies, liaising with the external auditors. As a member of the Bank's Senior Leadership Group (SLG), champions and role models the Bank's Behavioural Competencies and Corporate Behaviours, ensuring adherence within the department and consistently maintaining high standards of integrity and ethical conduct. Engages in the broader management of the Bank, including sponsoring transformation programmes and being an active member of project committees, as delegated by VP CRO. Maintains strong relationships with peer institution risk functions and develops a network with regulated institutions and industry bodies, in order to stay abreast of emerging; risks, regulation and best practice. Knowledge, Skills, Experience & Qualifications Proven extensive knowledge and experience of managing risks, including credit, market and operational risk, derived from key risk roles (e.g. CRO, Deputy CRO) in similar or larger scale institutions/subsidiaries/business divisions, in the financial services industry and in a complex environment. An awareness of the challenges presented by the nature of the development bank role, the risks faced in the countries in which the Bank operates / plans to operate, and the unregulated governance model enshrined in the treaty founding the Bank. Demonstrated experience engaging in and influencing the setting of the strategic direction of an organisation. An extensive track record of successfully building and leading diverse teams, setting a vision, developing and managing talent and driving engagement. Excellent communication skills including the ability to address difficult, complex or contentious issues in a straightforward manner and to present with confidence. Demonstrated experience influencing stakeholders (e.g. first line business leaders, Executive Management, Board of Directors, Shareholders, Credit Rating Agencies and external auditors) through strong collaboration and flexible engagement styles. Proven track record of engaging with broader management topics, including experience of driving change. An ability to build professional networks and engage with professional industry bodies. Personal integrity and a commitment to highest ethical standards. Relevant degree or equivalent professional experience 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.
Contract Length: 4 years with potential to renew for a further 4 years. Posting End Date: 05/07/2026. Purpose of Job The Managing Director (MD), Risk Management, is a direct report of the Vice President, Chief Risk Officer (VP CRO) and is responsible for supporting the CRO in delivery and continuous enhancement of the Bank's enterprise risk management framework. Pivotal to the delivery of the role is advising and recommending to the VP CRO, Executive Committee and the Board of Directors the Bank's Risk Appetite and ensuring that material risks are identified, assessed, monitored, challenged and escalated in a timely and well-governed manner. Though their leadership of a team of risk management professionals, the MD ensures implementation of the department's mandate, including external benchmarking, design and implementation of frameworks and standards, influencing stakeholders and exercising balanced judgement around delegated authority. Accountabilities & Responsibilities Accountable for providing thought leadership in the design and implementationof the Bank's Enterprise Risk Management Framework. Ensures Risk policies and practices reflect current best practice and are responsively calibrated to provide effective and efficient management of the risks faced by the EBRD. Accountable for the people leadership, engagement and effective overall management of RM staff, including attracting, performance management, coaching and development. Active role in strategic talent and workforce planning. Leads by example, fostering open and constructive working relationships with stakeholders, particularly in building best in class risk management capability across the Bank. Contributes to and influences the strategic direction of the Bank, ensuring decisions reflect a considered balance between opportunities and threats Exercises delegated authority including approvals of Non-Performing Loan (NPL) restructuring and new financing provision, concentration limits and market risk parameters. Oversees and delivers risk reporting and analysis to the Executive Committee, Audit and Risk Committee of the Board and to Credit Rating Agencies, liaising with the external auditors. As a member of the Bank's Senior Leadership Group (SLG), champions and role models the Bank's Behavioural Competencies and Corporate Behaviours, ensuring adherence within the department and consistently maintaining high standards of integrity and ethical conduct. Engages in the broader management of the Bank, including sponsoring transformation programmes and being an active member of project committees, as delegated by VP CRO. Maintains strong relationships with peer institution risk functions and develops a network with regulated institutions and industry bodies, in order to stay abreast of emerging; risks, regulation and best practice. Knowledge, Skills, Experience & Qualifications Proven extensive knowledge and experience of managing risks, including credit, market and operational risk, derived from key risk roles (e.g. CRO, Deputy CRO) in similar or larger scale institutions/subsidiaries/business divisions, in the financial services industry and in a complex environment. An awareness of the challenges presented by the nature of the development bank role, the risks faced in the countries in which the Bank operates / plans to operate, and the unregulated governance model enshrined in the treaty founding the Bank. Demonstrated experience engaging in and influencing the setting of the strategic direction of an organisation. An extensive track record of successfully building and leading diverse teams, setting a vision, developing and managing talent and driving engagement. Excellent communication skills including the ability to address difficult, complex or contentious issues in a straightforward manner and to present with confidence. Demonstrated experience influencing stakeholders (e.g. first line business leaders, Executive Management, Board of Directors, Shareholders, Credit Rating Agencies and external auditors) through strong collaboration and flexible engagement styles. Proven track record of engaging with broader management topics, including experience of driving change. An ability to build professional networks and engage with professional industry bodies. Personal integrity and a commitment to highest ethical standards. Relevant degree or equivalent professional experience 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.
European Bank for Reconstruction and Development
Background The Principal Banker is competent in undertaking all tasks related to, and understands all aspects of, project development and implementation, including origination, structuring, execution, implementation and monitoring, for all types of investment instruments offered by the Bank. In their role as an operation leader, the Principal Banker is responsible for effective leadership of their project team(s), supervision of junior banking staff, and providing coaching and mentoring. The role also includes elements of business and pipeline development, client management, and policy dialogue. The project life cycle involves stages from origination to signing, followed by implementation and monitoring until full completion and repayment or exit. The Principal Banker contributes to the structuring, implementation and monitoring of debt and equity transactions, supervises junior colleagues to ensure efficient deal flow processing and portfolio monitoring, builds and maintains relationships with internal and external stakeholders, and is given a substantial degree of independence to progressively take on overall responsibility for increasingly complex transactions. Accountabilities & Responsibilities 1. Structuring and Execution Lead structuring, negotiation (including review of legal documentation) and the execution of transactions, working with clients, authorities, consultants and internal units. Manage the resources and workload of the project teams under their supervision. Oversee the project due diligence process to ensure it meets the Bank's standards. Ensure quality and appropriateness of technical cooperation assistance components that support investments or contribute to policy dialogue initiatives. Ensure that all transactions within their responsibility are completed within the specified time frames to a high standard, including all internal memoranda and Board reports, and in line with the policies, procedures and objectives of the Bank. 2. Portfolio Monitoring, Value Creation and Reporting Take overall responsibility for the effective monitoring of all projects within their responsibility, including verifying the quality of regular monitoring reports, leading client relationship management, and actively managing the resolution of any implementation/monitoring issues in cooperation with relevant Portfolio Managers; manage and supervise junior bankers who assist in portfolio monitoring. Supervise implementation and monitoring of, and reporting on, relevant technical cooperation assignments to ensure compliance with donor reporting requirements and operational objectives, and that all reports are of a high quality. Take responsibility for ensuring timely notification of any critical portfolio issues to the relevant Portfolio Manager and/or Management, ensuring availability of adequate data and information to support timely decision making. In cooperation with relevant units within the Bank (e.g., Policy VP, OCE) and banking country teams, contribute to policy dialogue in a leading role at the project level or as a supporting function at the national level. Assist in providing necessary support, including relevant information or documentation or meeting participation, toward efforts to procure grants and technical cooperation funds to complement investment projects or required as part of policy dialogue efforts. 4. Business Development Assist with marketing and business development efforts in the relevant sector and countries to build reputable market contacts, develop a broad deal flow and cross sell the Bank's competencies. Assist with the screening of project proposals generated through business development, liaising with colleagues and teams within the Bank to identify sound and executable investments that meet the Bank's mandate. Assist in recruiting, training, coaching and mentoring junior bankers in coordination with the team Director and Associate Directors, involving them in all aspects of the project cycle and ensuring adequate quality of project work and workload distribution among the project team members; contribute to their professional development. Develop productive relationships within the organisation to work effectively in a country/sector matrix structure and in a multi cultural working environment. Be directly accountable for the engagement and overall management of the team, including recruitment, compensation, performance management, coaching and development. Where matrix reporting is in place, work jointly with the country counterpart to set objectives and complete performance appraisals for staff. Champion and model the Bank's behavioural competencies and corporate behaviours, ensuring adherence within the team(s) so that the highest standards of integrity and ethical conduct are exhibited at all times. Qualifications & Skills Bachelor's degree; Master's degree preferred or equivalent experience in the areas of expertise. Professional qualification such as ACA, CFA, ACCA, or CIMA desirable. Strong quantitative/numerical skills with the ability to interpret financial information and design and use financial models. Credit analysis skills, with the ability to interpret accounts and understand local and international accounting principles and credit analysis practice. Computer literacy, conversant with Microsoft Office and spreadsheet packages including financial analysis and modelling modules. Excellent understanding of relevant systems and processes. Coaching, mentoring and leadership skills. Relationship management and negotiation skills. Ability to work to deadlines and under time pressure. Excellent written and oral communication skills in English. Good command of the local/country language is an advantage. Experience & Knowledge Significant relevant financial industry experience from an investment or commercial bank, private equity firm, asset management firm, or auditing/financial consulting firm operating to international standards; strong familiarity with project finance structures and direct equity investments. Relevant sectorial experience in renewable energy and energy infrastructure; relevant geographical experience in the Middle East and Africa; good understanding of sectoral and regional dynamics and trends. Practical experience of participating in and leading complex transactions through the full project life cycle. EEO Statement Diversity is one of the Bank's core values which are at the heart of everything it does. 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, gender identity, sexual orientation, age, socio economic background or disability.
Background The Principal Banker is competent in undertaking all tasks related to, and understands all aspects of, project development and implementation, including origination, structuring, execution, implementation and monitoring, for all types of investment instruments offered by the Bank. In their role as an operation leader, the Principal Banker is responsible for effective leadership of their project team(s), supervision of junior banking staff, and providing coaching and mentoring. The role also includes elements of business and pipeline development, client management, and policy dialogue. The project life cycle involves stages from origination to signing, followed by implementation and monitoring until full completion and repayment or exit. The Principal Banker contributes to the structuring, implementation and monitoring of debt and equity transactions, supervises junior colleagues to ensure efficient deal flow processing and portfolio monitoring, builds and maintains relationships with internal and external stakeholders, and is given a substantial degree of independence to progressively take on overall responsibility for increasingly complex transactions. Accountabilities & Responsibilities 1. Structuring and Execution Lead structuring, negotiation (including review of legal documentation) and the execution of transactions, working with clients, authorities, consultants and internal units. Manage the resources and workload of the project teams under their supervision. Oversee the project due diligence process to ensure it meets the Bank's standards. Ensure quality and appropriateness of technical cooperation assistance components that support investments or contribute to policy dialogue initiatives. Ensure that all transactions within their responsibility are completed within the specified time frames to a high standard, including all internal memoranda and Board reports, and in line with the policies, procedures and objectives of the Bank. 2. Portfolio Monitoring, Value Creation and Reporting Take overall responsibility for the effective monitoring of all projects within their responsibility, including verifying the quality of regular monitoring reports, leading client relationship management, and actively managing the resolution of any implementation/monitoring issues in cooperation with relevant Portfolio Managers; manage and supervise junior bankers who assist in portfolio monitoring. Supervise implementation and monitoring of, and reporting on, relevant technical cooperation assignments to ensure compliance with donor reporting requirements and operational objectives, and that all reports are of a high quality. Take responsibility for ensuring timely notification of any critical portfolio issues to the relevant Portfolio Manager and/or Management, ensuring availability of adequate data and information to support timely decision making. In cooperation with relevant units within the Bank (e.g., Policy VP, OCE) and banking country teams, contribute to policy dialogue in a leading role at the project level or as a supporting function at the national level. Assist in providing necessary support, including relevant information or documentation or meeting participation, toward efforts to procure grants and technical cooperation funds to complement investment projects or required as part of policy dialogue efforts. 4. Business Development Assist with marketing and business development efforts in the relevant sector and countries to build reputable market contacts, develop a broad deal flow and cross sell the Bank's competencies. Assist with the screening of project proposals generated through business development, liaising with colleagues and teams within the Bank to identify sound and executable investments that meet the Bank's mandate. Assist in recruiting, training, coaching and mentoring junior bankers in coordination with the team Director and Associate Directors, involving them in all aspects of the project cycle and ensuring adequate quality of project work and workload distribution among the project team members; contribute to their professional development. Develop productive relationships within the organisation to work effectively in a country/sector matrix structure and in a multi cultural working environment. Be directly accountable for the engagement and overall management of the team, including recruitment, compensation, performance management, coaching and development. Where matrix reporting is in place, work jointly with the country counterpart to set objectives and complete performance appraisals for staff. Champion and model the Bank's behavioural competencies and corporate behaviours, ensuring adherence within the team(s) so that the highest standards of integrity and ethical conduct are exhibited at all times. Qualifications & Skills Bachelor's degree; Master's degree preferred or equivalent experience in the areas of expertise. Professional qualification such as ACA, CFA, ACCA, or CIMA desirable. Strong quantitative/numerical skills with the ability to interpret financial information and design and use financial models. Credit analysis skills, with the ability to interpret accounts and understand local and international accounting principles and credit analysis practice. Computer literacy, conversant with Microsoft Office and spreadsheet packages including financial analysis and modelling modules. Excellent understanding of relevant systems and processes. Coaching, mentoring and leadership skills. Relationship management and negotiation skills. Ability to work to deadlines and under time pressure. Excellent written and oral communication skills in English. Good command of the local/country language is an advantage. Experience & Knowledge Significant relevant financial industry experience from an investment or commercial bank, private equity firm, asset management firm, or auditing/financial consulting firm operating to international standards; strong familiarity with project finance structures and direct equity investments. Relevant sectorial experience in renewable energy and energy infrastructure; relevant geographical experience in the Middle East and Africa; good understanding of sectoral and regional dynamics and trends. Practical experience of participating in and leading complex transactions through the full project life cycle. EEO Statement Diversity is one of the Bank's core values which are at the heart of everything it does. 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, gender identity, sexual orientation, age, socio economic background or disability.