Associate Risk Officer

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • EBRD
  • 16 Sep 16

Risk Management is the Bank''s second line of defence, which is responsible for the independent identification, reporting and mitigation of credit, equity and market risks. The Equity Risk Associate provides support to allow the department to provide advice to Banking and recommendations to the Operations Committee, Equity Committee, Small Business Investment Committee (SBIC) and the Risk Committee.

Role Overview

Provide independent risk analysis of the EBRD's new approval and existing portfolio equity, quasi-equity and mezzanine transactions, under supervision of the Equity Risk Senior Credit Managers. Identify required due diligence, validate structure and pricing, value creation plans, exit strategy and market risk mitigation to ensure that banking projects comply with the Bank's sound banking mandate.

Review portfolio projects, validates fair value assessments, ensures active value creation and exit strategies. Communicates trends in the portfolio and lessons learned to management and peers for project selection, and broader strategic decision-making. Contribute to constant process upgrades.

Risk Management is the Bank's second line of defence, which is responsible for the independent identification, reporting and mitigation of credit, equity and market risks. The Equity Risk Associate provides support to allow the department to provide advice to Banking and recommendations to the Operations Committee, Equity Committee, Small Business Investment Committee (SBIC) and the Risk Committee.

The Equity Risk Management Team comprises one Director, 5 Senior Equity Managers, 5-6 Associate/Analyst Equity Managers, and around 2 Bankers and Analysts on rotation. The team is responsible for a portfolio of €5 bn (value at June 2016) equity and €0.5 bn mezzanine/variable return debt portfolio, together around 380 assets. Equity is around half listed and half private equity and includes around 150 funds with the remainder direct investments. The Bank typically evaluates over 100 new possible transactions per year. Equity Risk Associates cover a range of sectors and product types.

Accountabilities & Responsibilities

The Equity Risk Associate will work under supervision of the Senior Equity Risk Manager or the Director on the following inter alia:

  • Support Seniors in establishing an independent and unbiased view on equity proposals and equity portfolio decisions presented to the Operations Committee, Equity Committee, and SBIC to ensure clear recommendations on each proposal.
  • Analyse the equity case and structure, entry valuations, value creation plan and realism of exit assumptions for new proposals as well as portfolio transactions. Appraise the validity and reliability of key assumptions of each proposal, including via involvement in the commissioning and review of independent due diligence as well as traveling to see clients.
  • Carry out proactive and regular portfolio reviews of the assigned portfolio counterparties, product and market developments. Actively and constructively engage with Banking and other relevant staff to ensure adequacy of front-line monitoring.
  • Lead or contribute to equity portfolio analyses and equity process upgrades to constantly upgrade team knowledge of portfolio dynamics, staying abreast of equity market and broader finance developments.
  • Endorse correctness of asset valuations on the Bank's accounts compliant with relevant valuation methodology and guidelines as well as counterparty debt ratings and other relevant Risk-owned portfolio reporting.
  • Collaborate with other members of staff; especially in the Banking Department and Finance to ensure effective cross-departmental and business functioning.
  • Participate in various executive Bank committees, working groups, etc. relating to new transaction approvals, equity exits and equity processes inter alia.
  • Participate and contribute positively to various positive change initiatives within Risk Management or bank-wide. Among peers, be an agent of commercial equity culture and best practice dissemination in the Bank.

Knowledge, Skills, Experience & Qualifications

  • Extensive experience of analysing listed and/or unlisted equity transactions.
  • Prior experience of working in Equity or Debt within a private Equity or Brokerage institute.
  • Excellent financial modelling and financial accounts knowledge.
  • Knowledge of emerging markets, ideally CIS, CEE with North Africa/Mid-East and/or Turkish market and language(s) a particular plus for this position.
  • Capability of delivering clear conclusions in the context of large volumes and tight timescales. Proven skills in decision-making capacity in credit and equity risk in high risk environments.
  • Strong written and spoken communication skills.
  • Advanced degree in finance, business, economics or equivalent on the job training.

Diversity Matters

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.