Associate Director, Senior Risk Officer, Corporate & Project Finance

European Bank for Reconstruction and Development

Independently analyse and appraise risks of EBRD s new and existing portfolio of corporate project finance debt transactions in the Energy and Infrastructure sectors; identify required due diligence, recommend appropriate risk mitigation measures and transaction structures, including security, covenants, and pricing. Advise 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, assigns credit ratings and communicates trends in the portfolio and lessons learned to management and peers for their broader strategic decision-making and bottom-up stress-testing. The Associate Director, Senior Risk Officer is responsible to lead and coach associate risk officers, analysts and junior bankers rotating through Corporate and Project Finance Credit Risk Management Team. The Associate Director, Senior Risk Officer may be required to deputise in the absence of the Head, Project Finance Credit Risk Management Team.

Accountabilities & Responsibilities

• Establish an independent and unbiased view on projects proposed to the Operations Committee / SBIC / under Delegated Authority and make clear recommendations, or approvals, on each proposal.
• Analyse the key risks of each proposal and advise on risk mitigation measures, structures, tenor, security, covenants and condition precedents, to the project teams via credit notes. Be versed in climate risk issues that have an effect on new and existing operations, including risk mitigation and reputational issues. 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.
• Deliver clear authoritative conclusions in the context of large volumes and tight timescales. Take responsibility for the credit risk of designated own portfolio.
• Ensure projects comply with any relevant risk guidelines, prudential limits set by the Bank, and that appropriate ratings are assigned for probability of default and loss given default. Have the ownership of Risk data in the area of responsibility.
• Exercise independent delegated authority, if granted, regarding portfolio actions (including certain waivers and amendments), and recommendations to senior management on matters requiring higher level approval (including transfers to corporate recovery, provisions and more significant restructuring, etc.).
• Lead proactive and regular monitoring of the assigned portfolio counterparties arranged in sector clusters and countries and market developments. Actively and constructively engage with Banking and other relevant staff to ensure adequacy of front-line monitoring, coach Banking representatives when appropriate (including rotation in Corporate & Project Finance Credit Risk Management).
• In liaison with other Risk Management teams lead sector portfolio reviews and provide input to portfolio stress-tests. Collaborate with other members of staff; especially in the Banking Department, Finance, the Office of the General Counsel, Impact and colleagues in the Resident Office to ensure effective cross-departmental and business functioning.
• Participate in various executive Bank committees - including the Operations Committee, SBIC, RiskCom etc.
• Participate and contribute positively to various initiatives within Risk Management or bank-wide.
• Be an agent of credit culture dissemination, including managing and mentoring of bankers on rotation.