Analyst, Operational Risk

Purpose of Job:

The Analyst supports the development implementation and ongoing enhancement of the Bank's Operational Risk Management Framework. This includes training processes, procedures, reporting and governance arrangements identify, assess, monitor, and report operational risks across the Bank.

Working under guidance, the role contributes to day-to-day operational risk management activities including the collection and analysis of risk, control, and incident data, and the preparation of reports for internal stakeholders.

The analyst supports the effective operation of second line of defence activities by providing independent insight into risks managed by the business, including assisting in the review and challenge of risk assessments, control effectiveness, and associated action plans.

The role will also support the governance risk and compliance GRC support system including activities such as data preparation, user testing, and user support.

Accountabilities & Responsibilities:

The Operational Risk Analyst will work under the guidance and supervision of the Associate Director and /or Director, with varying levels of supervision depending on experience and relevant task. The role requires the ability to learn quickly and deliver defined tasks in line with agreed instructions and priorities, working under appropriate guidance and supervision. This can be broken down to the following key responsibilities:

-             Contribute to the maintenance and ongoing operation of the Operational Risk Framework, including Information Security risk measures. Liaise with teams across the Bank to support delivery against agreed plans, monitor actions, and support the preparation of timely and accurate reporting for relevant Bank committees, as required.

-             Assist the business with the identification, analysis and documentation of processes and controls.  Support periodic reviews of business Risk and Control Self‑Assessments (RCSAs), collate and analyse results, and support discussion on opportunities to improve the clarity, consistency and quality of risk documentation with the business, escalating themes where appropriate.

-             Support the monitoring and analysis of operational risk issues and incidents. Engage with the business and Subject Matter Experts (e.g., Information Security specialists) to understand root causes, assist with reviewing the completeness, accuracy and consistency of incident and issue records. Track the status of incidents, issues and actions, escalating data quality concerns and emerging themes in line with agreed processes.

-             Contribute to the delivery of Operational Risk reporting and dashboards. Perform basic analysis of trends and recurring risk drivers to support management review, and support ongoing improvements in data quality, structure and clarity.

-             Support the monitoring and analysis of external data sources (e.g. GOLD) to help benchmark the Bank’s incident and issue experience against external events. Assist with identifying potential areas of under-reporting, support “could it happen here” analysis, and use insights to inform risk discussions with the business.

-             Support the delivery of operational risk training (under guidance) to Business Risk Champions and other key stakeholders, covering risk identification, control design, KRI development, issue and incident management, and effective use of the Operational Risk Management System.

-             Support the implementation of the GRC system, including delivering defined tasks such as data mapping, data quality checks, migration support, user testing and go‑live activities, with a focus on alignment to the operational risk framework.

-             Provide support to the enhancement of Enterprise Risk Frameworks and related guidance, including reviewing templates, updating guidance, and contributing to improvement activities.

Knowledge, Skills, Experience & Qualifications:

-             A degree in finance, business, economics, risk management or a related discipline, or equivalent on the job training or practical experience.

-             Foundational knowledge of operational risk management frameworks, processes, and tools, with an interest in developing broader non financial risk expertise over time.

-             Experience gained through early career roles, placements or internships in a financial services, development finance, or similarly regulated and complex organisational environment, with exposure to risk, control, audit or compliance activities.

-             A developing understanding of operational risk processes (e.g. RCSAs, incidents, issues and controls) and how they support effective risk management and governance.

-             Ability to analyse information from multiple sources, with good attention to detail and an appreciation of the importance of data quality, consistency and clarity.

-             Good written and verbal communication skills, with the ability to contribute to professional documentation and support the preparation of clear reporting materials under guidance.

-             Effective interpersonal and relationship‑building skills, with the ability to work collaboratively with colleagues across the Bank and engage constructively with first-line stakeholders.

-             Ability to quickly understand unfamiliar processes, frameworks and systems, and adapt to new tools and ways of working with appropriate support.

-             A collaborative team player who contributes positively to team objectives and wider Risk Management initiatives.

-             Demonstrates behaviours that support and promote a positive operational risk culture across the Bank, appropriate to an early career role, and shows willingness to learn from peers and senior colleagues.

What is it like to work at the EBRD? / About 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.  

At EBRD, our Values – Inclusiveness, Innovation, Trust, and Responsibility – are at the heart of how we work. We bring these to life through our Workplace Behaviours: listening well and speaking up, collaborating smartly, acting decisively with full commitment, and simplifying to amplify our impact. These principles shape our culture and define our success. We seek individuals who not only share these values but are also committed to embedding them in their daily work, fostering a positive and high-performing environment. 

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. Our workforce reflects a broad range of backgrounds, perspectives, and experiences, bringing fresh ideas, energy, and innovation and enhancing our ability to serve our clients, shareholders, and counterparties effectively.
• A hybrid workplace that offers flexibility to teams and individuals; that is based on trust, flexibility and connectedness. 
• An environment that places sustainability, equality and digital transformation at the heart of what we do. 
• A workplace that prioritises employee wellbeing and provides a comprehensive suite of competitive benefits. 

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.   

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).