Analyst, Treasury Credit Risk Management

Purpose of Job

As part of the Country and FI Credit Risk Management Team, the successful candidate will analyse and appraise risks of EBRD’s Treasury and FI debt transactions, including new and existing transactions in its Asset Backed Securities portfolio. The Analyst will provide support to the team on preparation of credit memos for new and existing Treasury counterparties, with a particular focus on ABS counterparties, by setting counterparty credit appetite and limits, reviewing new Treasury and structured finance deal opportunities and formulating recommendations of appropriate risk mitigation measures and transaction structuring. The Analyst will also be required to undertake periodic portfolio reviews, identify and clearly communicate trends in the portfolio, including relevant market and macroeconomic trends in various jurisdictions in which EBRD ("the Bank") operates.

Treasury Credit Risk Team: The job holder will be a key member in a team serving as the focal point of all the key responsibilities for the credit risk management of EBRD’s Treasury operations. He/she will manage the approval and review of all Treasury counterparty limits and transactions (including exposures arising from bond investments, ABS, deposits, derivatives and repo), with a primary focus on supporting Treasury ABS transactions. He/she will provide expert judgement and recommendation on various Treasury credit risk matters, including counterparty assessment, banking sector and non-bank lender originator analysis (primarily in developed countries), urgent trades approvals, excess monitoring, risk reporting, as well as internal policy formulation.

Background

Risk Management is the Bank’s second line of defence, which is responsible for the independent identification, reporting and mitigation of risks. The Analyst provides analytical support and recommendations to his/her management in the Treasury Credit Risk team, feeding into final recommendations to the Operations Committee, Small Business Information Review Committee, or approval of transactions together with Banking under Delegated Authority for Banking transactions or under delegation granted under the Treasury Credit Process for Treasury transactions. 

Facts / Scale

The Treasury Credit Risk team primarily supports Treasury related operations which account for ca. 50% of EBRD’s balance sheet. These activities are predominantly low risk and largely undertaken to support liquidity management and FX & interest rate risk management.  The core Treasury counterparty base is mainly developed market Banks and NBFIs in High Grade countries, with a growing portion of the portfolio relating to higher-risk counterparties located in EBRD’s Countries of Operations. The team covers a broad range of financial markets and traded products including interest rate swaps, foreign exchange and credit/bond instruments, with significant usage of complex, longer dated traded products.

Accountabilities & Responsibilities

• Monitor, analyse and manage credit risks incurred in EBRD's Treasury activities, including counterparty and product risks (e.g. OTC derivatives, repos, ABS and other marketable securities, and deposits), through annual credit reviews, name-by-name assessments; and product specific risk analysis.
• Assess the creditworthiness of current and prospective ABS/structured finance related investments of the Bank. Clearly and concisely articulate views around rating recommendations, credit appetite and relevant risk mitigants.
• Provide timely support to Treasury and other business stakeholders in approving transactions and limits under delegated authority or making approval recommendations to relevant authority holders.
• Carry out proactive and regular surveillance of the assigned portfolio positions through own monitoring, research, and communication with front office.
• Monitor financial market and ABS market developments and trends across relevant geographies and product segments, assessing regulatory developments, and sharing relevant insights where appropriate.
• Ensure limits, exposures, and legal documentation terms are correctly implemented in the risk systems, and support investigation and remediation of limit breaches.
• Assist CFI and Banking Risk teams where required by sharing expertise on ABS & Structured Finance related transactions.
• Participate and contribute positively to various initiatives across Risk Management and bank-wide.
• When requested, assist with other tasks identified across the Regional CFI Credit Team to help manage workloads across the entire department.  
• Effectively analyse and formulate credit views on proposed Treasury and Banking transactions and to make comprehensive recommendations, often under time pressure.
• Build rapport and understanding with colleagues within the team and in other departments.
• Deliver information in the relevant and succinct format to differing groups by having effective writing and verbal skills (also through clarification of scope of any assignment).
• Find and share technical knowledge with colleagues.
• Display a solution-orientated approach and a collaborative working style, reflecting understanding and awareness of the perspectives of others. 

Knowledge, Skills, Experience & Qualifications

• Bachelor’s or Master’s Degree in a relevant discipline (e.g. Finance, Business or Economics).
• Excellent analytical and quantitative skills
• Attention to detail to ensure consistently accurate analysis.
• Outstanding interpersonal skills, as the role involves interacting with stakeholders from all across the Bank as well as external clients.
• Advanced knowledge of excel, PowerPoint and Word. Experience VBA, Power BI and Tableau would be an advantage.
• Strong written and verbal communication skills and ability to explain complex issues clearly.
• Experience of the securitisation and ABS market is desirable, but not essential

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.

Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).