The Vice President Risk & Compliance and Chief Risk Officer (CRO) leads the EBRD's Risk and Compliance functions. Risk and Compliance are 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 & Compliance 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, and Operational Risk Management.
Environment & Sustainability - EBRD's Environment and Social Policy; assessing environmental and social risk and impacts of projects, working towards high international standards with client action plans; and administering two key multi-donor environmental funds.
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.
Office of the Chief Compliance Office (administrative reporting line to this role) -Polices related to code of conduct, project integrity, information barriers and domiciliation. Ensuring high standards of integrity, ethics and governance are applied to all activities of the Bank in accordance with international good practice.
K e y R e s ponsibi l ities and Deli v e r ab l es
Vice President Risk & Compliance and 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 and social, integrity / domicile and procurement considerations) and Treasury exposures, operational risks and information security.
Leadership and supervision of:
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 activitie s
The ongoing oversight and management of the portfolio, market risk, portfolio credit risk modelling, and economic capital calculation;
The work-out team for impaire d Banking assets;
The assessment and management of environmental and social considerations associated with Banking operations;
the assessment of integrity and domiciliation aspect of the Bank's counterparties (Banking and Treasury);
Client procurement associated with Banking Operations; and
Operational risk and information security.
The Vice President and CRO oversees the administration of two multi-donor environmental funds operated by the Environmental and Sustainability Department:
The Northern Dimension Environmental Partnership (NDEP) Support Fund deals with nuclear and environmental challenges in the north-west of Russia and northern Belarus.
The Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund. The E5P fund aims to facilitate investment in energy efficiency and environmental projects, reduce greenhouse gas emissions and promote policy engagement and regulatory reforms in Ukraine, Armenia, Belarus, Georgia and Moldova.
The Vi c e P res i d e n t Risk & Compliance a n d CRO i s a l s o re sp o n si b l e f or :
Effective le a d er s h i p, m ot iv a t i on a n d m a n a g e m e n t o f t h e sta f f i n t he Vi c e P res i d e n c y to d e li v er on a n n u al a n d str a te g i c o b j ect i v es to t he h i g h e s t p os si b l e se r v i c e sta n d ard s .
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.
Establish and maintain, 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 practice in all areas of responsibility.
Identifying with diversity as a strategic imperative and, with senior management colleagues, promoting the value of diversity throughout the organization.
Assisting the President in their role by representing the Bank in high-level external business and political fora.
In t ern a l C o m m i tt e es:
This role is a member (or chair) of the Excutive Committee, the Management Committee, the Bank's Operations and Equity Committees and Risk Committee.
Esse n t ial S ki l ls, E xp e r ie n ce & Qua l ific a tio n s
Busine s s Expe r t i se
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.
Familiarity of the EBRD's mandate and the transition process towards market economies and democracy.
Highly developed negotiation skills.
Strong general business acumen.
Strong presentation skills and ability to represent the Bank at international fora, including presenting to large multi-cultural audiences.
S t r ateg i c T hinking
Good strategic thinking skills - an ability to map business strategy into workable and sustainable long term risk mitigation strategies.
Demonstrable corporate behavior and track record of being part of a cohesive executive leadership team.
Strong partnership skills to enable positive engagement and contribution to the Executive Committee, and other senior management committees, to contribute to the cohesiveness of the Bank's senior management.
Strong leadership, management and communication skills combined with an ability to motivate highly skilled senior professionals to deliver business objectives effectively in a multi-cultural, results oriented organisation.
Directly accountable for the engagement and effective overall management of staff including recruitment, compensation (as agreed with the Head of Department, if applicable), performance management, coaching and development.
Champion and role 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.
An Individual with strong personal integrity and a commitment to highest ethical standards.
Strong interpersonal skills and an ability to build positive relationships by promoting co- operation internally and externally.
Knowledge of a language or languages of Bank member countries, in addition to English, would be desirable.
Commitment to serve a full four year term.
This s c o p e of this r o le i s d y n a m i c a n d is n o t l i m i t ed to res p o n s ib i l i t i e s s e t o u t a b o v e. I t w il l e v ol v e o v er time a nd as a res u lt of fu r th e r org a n is a t ion re v i e w s.
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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.