The European Bank for Reconstruction and Development was founded in 1991 when communism was crumbling in Europe and ex-Soviet countries needed support to nurture a new private sector and democracy. Today we invest to help build market economies from central Europe to central Asia and the southern and eastern Mediterranean. We are now the largest single investor in our region. Owned by 69 countries and two intergovernmental institutions, we provide project financing for banks, industries and businesses. We also work with publicly owned companies to support privatisation, restructure state-owned firms and improve municipal services. Wherever we are active, we promote policies that bolster the business climate.
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Purpose of JobThe Director, Operational Risk Management (ORM) leads the Bank's financial risk management (operational risk, information security, data protection and financial statement controls). Key to this role is promoting sound risk management practices in these areas across the organisation. This includes extensive liaison and challenge to Senior Management (MD level and above) across the Bank to ensure their operational risks are identified, monitored and managed. Overall the role requires extensive liaison and influence Bank-wide with senior leaders, including effective challenge in this second line of defence role to ensure appropriate mitigation is put in place or risks are accepted. This entails setting, implementing, and continually assessing a framework for minimizing the impact of non-financial risk events to the Bank and cost-effectively improving the control environment or ensuring Senior Management understand risks that are accepted. Accountabilities & ResponsibilitiesDrives the development and maintenance of a risk-aware culture, engaging ExCom and the Board to set the tone and ensuring MDs and their Directors take responsibility for end-to-end process management and controls.Responsible for leading the development, ongoing review and maintenance of the Operational Risk, Information Security, Data Protection and non-Financial Risk Appetite Frameworks. Drives engagement with RiskCom on governance related to these non-financial risks, including presenting the material changes to the frameworks annually and reporting on their development.Delivering and maintaining an effective Operational Risk, Information Security, data protection and Internal Control infrastructure, governance and risk systems that support the business in identifying and managing risks.Setting clear responsibilities for the management of those risks to the business areas and providing independent challenges making suitable recommendations that improve the Bank's control environment and management of those risks.Challenge the risk owners (department heads at the MD level) who should be adequately identifying, monitoring and developing appropriate mitigation for their residual risks to reduce the risks to acceptable levels.Develop, maintain and monitor a granular risk appetite statement for the Bank's top-level non-financial risks challenging appetite owners in their assessment and ensuring related key performance indicators are designed, monitored and acted upon.Develop and foster operational risk and information security risk skills across the Bank by identifying necessary training requirements, supervising the development of training programmes and ensuring completion through appropriate consequences. Support Senior Management decision-making by communicating material risks, incidents, and trends to ensure they are aware of risks they are facing, facilitated by developing risk and control tools which enhance the Bank's risk management (non-credit/market), taking into account cost / benefit.Being part of the Corporate Leadership Group (CLG) of the Bank, maintain a constructive dialogue with departments across the Bank, and maintain close co-operation with other Risk Management teams in order to understand upcoming issues and touchpoints where risk mitigation may be required.Identify relevant risk activity, issues and incident information to include in the risk management framework and Operational Risk challenge.Ensuring emerging and material risks are promptly identified and acted upon, with clear accountability across the business and escalate material operational risk incidents and issues to MD Risk Management, CRO and ExCom colleagues in accordance with escalation procedures.Ensure lessons learned and root cause analysis are completed for material events and associated actions are monitored and completed.Chairs OPCWG (Director level representation) which assesses whether new products or significant variations to existing products will introduce significant change (i.e. to systems, resource requirements, accounting, legal) requiring additional resource/time to implement, advising Chair of RiskCom accordingly, as part of the overarching decision whether/ how to proceed with the change. Co-ordinate RM inputs into such discussions by reviewing conclusions from the RM leadership teamLeading Information Security and Data Protection activities to ensure the Bank is protected from leakage of sensitive data and other financial consequences by delivering appropriate mitigation around users and user behaviour, third-party assessments of data help and extensive liaison with IT security to ensure technical controls complement the controls around people (the remit of Info Sec),Develop and deliver the process to ensure the Bank's internal assessment process of controls over Financial Reporting can be annually attested to and can support CFO signing off on the Financial Statements, by ensuring all MDs involved in key processes have adequate design and test the effectiveness of said controls.Liaison with external auditors over the Financial Reporting control assertion and consultants appointed to carry out audits of the EBRD on behalf of donors (i.e. the EU) to ensure the activities in this role are appropriately assessed (i.e. EU pillar assessment over data protection)Maintain external network to ensure that market practice is understood including liaison with other functional counterparts at IFI / MDB organisations. Represent the Bank in appropriate forums covering the role's activities and Risk Management as required. People Leadership and ManagementDirectly accountable for the engagement and effective overall management of staff in the function including recruitment, talent and performance management, coaching and development. Monitors and ensures the team provides timely and effective support and advice, proactively manages the pipeline of activityProvides leadership and vision to the team and is responsible for all aspects of managing, supporting and developing the team to deliver the team strategy and objectives.Builds a culture of continuous improvement and 'thinking outside the box' to deliver performance in line with strategic objectives and consistent with the EBRD's values.Champions and role models 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. Knowledge, Skills, Experience and QualificationsRelevant degree or equivalent experience.A significant number of years of relevant and broad experience in a financial services organisation.Extensive knowledge of risk management principles.Strong Knowledge of Banking products and services, the operation of a Bank and interaction / inter-dependencies of departments therein.Strong knowledge of operational risk, internal controls design and effectiveness.Understanding of relevant regulation as a benchmark.Extensive "client management" skills demonstrating the ability to work highly effectively across the organisation at different levels building strong and effective working relationships.Strong experience in process and organisational design. Knowledge of Sarbanes Oxley, Basel II/III, ISO27001 would be helpful.Demonstrated ability to manage a team of technical experts operating in different spheres and the ability to indirectly manage larger teams of employees to create a cohesive larger team.Strong partnership skills to enable positive engagement with teams throughout the Bank and contribute to the cohesiveness of the Bank's senior management.Strong leadership, management and communication skills combined with an ability to motivate professionals to deliver business objectives effectively in a multi-cultural, results-oriented organisation.Judgement and analytical ability – shows sound judgement and common sense, analyses issues correctly and produces appropriate solutions.Proven experience leading a multi-disciplinary team exposed to challenging geographical environments.Proven strong coaching skills, particularly related to the development of team members.Significant people management skills, including workforce and resource planning. 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). ______________________________________________________________________ How cinfo Can Support You in the Application Process for This PositionApplication and Interview Preparation: Whether you're preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at recruitment@cinfo.ch, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.______________________________________________________________________
Purpose of JobThe Associate is responsible for analysing, monitoring, assessing impact and reporting, including on financial management, on the portfolio of SME F&D activities across respective country of operations and conducting research to support SME F&D strategy and operations. These insights contribute to managing donor relationships effectively, mobilising funds for operations and assisting on all management decision-making concerning SME F&D. Accountabilities & ResponsibilitiesMonitor progress of country programmes against set targets and country operational plans to inform management decision-making, strategic and operational reviewsSupport (SME F&D) Managers to establish and sustain good relations with donors and other stakeholders to identify and recommend funding leads and support the development of funding proposalsMaintain, monitor and analyse budgetary allocations, disbursements or other areas of financial management, accounting and reporting using relevant systems, to ensure alignment with the requirements of individual donor agreements and EBRD policies/proceduresAnalyse, monitor, assess impact and report on donor programmes, including financial reports, to inform funding donors on progress and impactSupport (SME F&D) Managers and country teams to design and review new market development activities, new programmes or multi-country initiatives, guiding country teams through procurement where necessary, to maximise the transition impact and sustainability of SME F&DAnalyse project and enterprise level impact of SME F&D activities across countries to enable impact reportingAnalyse available market level data to enable impact reporting and to identify transition challenges in countries of operations and draft contributions to EBRD country strategiesSupport and identify improvements to SME F&D operating procedures and to the SME F&D Management Information System (MIS) to ensure present and future activities can be managed efficiently and effectivelyContribute to knowledge management efforts by identifying, collecting and reviewing case studies for showcasing best practice and support Managers to develop new productDevelop global communication and visibility material to promote SME F&D activities to internal and external stakeholders Knowledge, Skills, Experience & QualificationsAcademic/Professional QualificationsStrong academic background with relevant Master's degree (Economics, MBA, MPA, International Development etc.) from a leading university in the country of education ExperienceRelevant professional experience, preferably gained from an IFI, development organisation, commercial management consultancy or bank, donor organisation, or international support programmeKnowledge of donor funded work, donor organisations and experience in donor fund mobilisation desirableKnowledge of product development, process optimisation and technology transformation work SkillsStrong analytical skills and ability to draw insightful conclusionsStrong numerical skills, experience in impact measurement and assessments or similar (econometric analysis); experience working with databases desirableExperience with the SAP accounting system preferable, as well as the ability to learn new systems quicklyStrong writing skills; experience in writing reports and donor proposals desirableStrong interpersonal skills, ability to interface with multi-country teamsFluency in English, both written and verbal. Fluency in Russian, as well as other languages of countries of operations would be an advantage.Computer literate: excellent knowledge of Excel and Power Point, knowledge of STATA or similar systems desirable, ability to learn new systems quickly. GeneralDemonstrate a knowledge and understanding of the EBRD mandate, passionate about private sector developmentAbility to work in multi-cultural environment 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). Right to Work in the UK: Swiss nationals (and all other non-UK employees) can work in the UK without a Visa - working at the EBRD gives all employees "exempt status". The Bank however encourages all non-UK employees to obtain an Exempt Vignette (EV) prior to relocating to the UK, as without an EV you may face more questions at Border Control and when required to show evidence of their exempt status when renting accommodation under the Right to Rent legislation. The application process may take 3 – 4 weeks approx. outside of the UK. How cinfo Can Support You in the Application Process for This PositionApplication and Interview Preparation: Whether you're preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at recruitment@cinfo.ch, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.
Purpose of Job:The Office of the Chief Economist (OCE) at the European Bank for Reconstruction and Development (EBRD) is seeking to recruit a Research Economist. Applications are welcome from candidates at all career stages, including PhD candidates, post-docs, and current tenure-track or tenured faculty members. OCE conducts policy-relevant research on economic development and structural transformation in EBRD's countries of operation, as well as other low- and middle-income countries.The Research Economist will conduct and publish high-quality, policy-relevant economic research and provide intellectual leadership within their area of expertise to EBRD management and other departments. Responsibilities also include contributing to the preparation of flagship EBRD publications, such as the annual Transition Report, and potentially managing large-scale firm or household surveys.The successful candidate will manage an independent research agenda, present their work at relevant conferences, publish in reputable academic journals, and engage with academia. In addition, the Research Economist will mentor analysts and interns, while reporting directly to the Director of Research. Background:OCE consists of a team of 18 research economists and analysts. It contributes to the operational, policy and strategy work of the Bank and provides intellectual leadership on the economic and structural transformation of the countries in which the EBRD invests. OCE is responsible for research on critical issues relevant to economic development, macroeconomic analysis in support of the Bank's country work, and relations with academia. It also leads the design and implementation of large-scale surveys (such as the Business Environment and Enterprise Performance Survey, BEEPS; the Banking Environment and Performance Survey, BEPS; and the Life in Transition Survey, LiTS); rigorous impact studies; and the production of major external publications, including the annual Transition Report. Facts/Scale:The Research Economist is a Principal with a specific area or areas of expertise. She or he works on multiple projects individually or as part of teams that typically consist of 1-2 economists and an analyst or intern from Research (OCE).The Research Economist independently interfaces with a strong network of outside academics (e.g., as a co-author) and cooperates well with EBRD staff in OCE and other departments, such as the Gender and Inclusion Team, the Legal Transition Team, and the Impact Evaluation Department. Accountabilities & Responsibilities:Undertake, present, and publish high-quality academic research.Provide intellectual leadership both inside and outside the Bank on relevant research issues, including through the organisation of and attendance at seminars, lectures, and conferences.Provide guidance and leadership to analysts and interns as needed.Establish and maintain strong links with outside academics and policy makers.Contribute to, and if necessary, take the main responsibility, for the generation of key research outputs, such as chapters in the Transition Report. Knowledge, Skills, Experience & Qualifications: Ph.D. or Ph.D. candidate in Economics or Finance from a leading university.A track record of research in fields relevant to EBRD, in the form of a very strong thesis, draft thesis chapters, and/or academic publications in areas such as applied micro, development economics, finance, industrial organisation, economic growth, labour economics, international trade, environmental economics, or corporate finance.Proven ability to independently undertake empirical analysis. In-depth experience with Stata, R, Python or similar programs or programming languages.An ability to relate research to policy issues and operational issues pertinent to the Bank.Excellent communication skills in English, both verbal and written, at the standard required for professional publication, official documents, and official representation. Submission materials requiredCurriculum vitaeCover letter 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). ______________________________________________________________________ How cinfo Can Support You in the Application Process for This PositionApplication and Interview Preparation: Whether you're preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at recruitment@cinfo.ch, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.______________________________________________________________________
Purpose of JobAnalyst will be involved in execution, monitoring and divestments of equity and quasi-equity investments across sectors in EBRD Countries of Operations.The Analyst contributes to all phases of the project cycle, including project origination, structuring, execution, implementation and monitoring.The Analyst will take responsibility for the tasks assigned to them by the operation leader or other members of the project team, which may include conducting market research, performing financial analysis and financial modelling, and supporting the due diligence process. The Analyst will also work closely with other team members to monitor the Bank's portfolio companies.The Analyst carries out these tasks as part of a project team under the guidance of the operation leader or under the supervision/guidance of more senior colleaguesThe Direct Equity Team is expanding its team in HQ and is looking to recruit an Analyst whose main role will be to contribute to deal preparation and execution in addition to portfolio monitoring. The Analyst will typically work as a team member in project teams consisting of 3-4 members and will be involved in all phases from origination to signing, followed by implementation and monitoring until full completion and exit. All the stages involve different tasks such as business marketing, project due diligence analysis, structuring and approval, negotiation and signing of project agreements, disbursement and monitoring.The role of the Analyst is to contribute, as a project team member, to the structuring, implementation and monitoring of equity and quasi-equity transactions, and their effective implementation and monitoring in line with the Bank's operational objectives. Under the guidance of the operation leader and/or more senior bankers, the Analyst performs those tasks assigned to them and provides support to the operation leader and the project team throughout the project cycle, with a particular emphasis on research, data gathering, financial analysis and financial modelling. Accountabilities & ResponsibilitiesUnder the guidance of the operation leader or a more senior colleague:1. Business DevelopmentResearch and analysis of market trends and developments and preparation of reports to contribute to industry and country mapping exercises;Contribute to marketing and business development efforts in equity/quasi-equity investing to build market contacts in order to support a broad deal flow for EBRD, liaising closely with country and sector colleagues;Prepare screening memos of project proposals that are generated through business development efforts. 2. Structuring and ExecutionWork as a project team member on transactions, contributing to all aspects of project structuring and execution, including comprehensive research and analysis of background materials, market information research and financial performance.Analyse and evaluate potential risks related to the investment, Financial analysis, financial modelling and valuation;Perform non-financial project related tasks such as integrity & compliance relatedSupport the due diligence process and coordinate with third party advisors and consultants;Assist in preparation of materials for investment proposals and memoranda for internal approvals;As may be requested, assist with communication with other internal units of the Bank, clients and other stakeholders, at the operational level, such as preparing draft correspondence, presentations, and following up on internal emails.Ensure that all tasks assigned to the Analyst are completed within the specified time frames to a high quality and in line with the policies, procedures and objectives of the Bank. 3. Portfolio Monitoring, Value Creation and ReportingAs requested by the operation leader or a Portfolio Manager, undertake assigned tasks relating to the implementation and monitoring of projects to which the Analyst is assigned as part of the project team, including compliance with project agreements and Bank procedures related to disbursement, monitoring of progress of the project and financial performance of the client, assessing evolving risk factors and monitoring and assessing covenant compliance;As requested by the operation leader or more senior member of the project team, prepare timely, comprehensive and high-quality draft monitoring reports and model updates;Assist implementation of an exit from investments including preparation of exit proposal materialsParticipate in internal/external portfolio meetings and prepare notes.The responsibilities of the Analyst are designed to allow the Analyst to progressively undertake more complex tasks and build the scope of responsibilities based on acquired experience and expertise. Qualifications, Skills, Experience & Knowledge:Bachelor's degree. Master's degree preferred or equivalent experience in the areas of expertise.Strong academic track record reflected in GPAProfessional qualification such as ACA, CFA, ACCA, or CIMA desirable.Quantitative/numerical skills are critical with strong understanding of financial modelling, valuation techniques, and financial statement analysis.Financial analysis skills, with the ability to interpret accounts, understanding local and international accounting principles.Proficiency in Microsoft Excel, PowerPoint, and financial databases.Good understanding of relevant systems and processes.Ability to work effectively as a team member and to deadlines and under time pressure.Strong interpersonal skills, ability to smoothly communicate with management, peers, other departments, external stakeholders including clients.Ability to comprehend diverse and high-complexity business issues.Initiative-taker; self-driven with proactive task completion motivation.Ability to multi-task and maintain positive and flexible attitude under stress.Sense of urgency and delivery with quality / full accuracy.Ability to work well in multi-national, diverse teams.Good written and oral communication skills in English.Relevant financial industry experience from an investment bank, private equity firm, asset management firm, or auditing/financial consulting firm operating to international standards.Exposure to industry/country experience. 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). Right to Work in the UK: Swiss nationals (and all other non-UK employees) can work in the UK without a Visa - working at the EBRD gives all employees "exempt status". The Bank however encourages all non-UK employees to obtain an Exempt Vignette (EV) prior to relocating to the UK, as without an EV you may face more questions at Border Control and when required to show evidence of their exempt status when renting accommodation under the Right to Rent legislation. The application process may take 3 – 4 weeks approx. outside of the UK. How cinfo Can Support You in the Application Process for This PositionApplication and Interview Preparation: Whether you're preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at recruitment@cinfo.ch, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.
Purpose of JobThe Assistant Analyst is responsible for completing a variety of operational tasks across equivalent middle and back office functions that directly interface with Banking origination, portfolio teams and Treasury front office. Day-to-day, the team(s) are principally responsible for processing disbursements (and other related transactional activity) across a range of products, ensuring that EBRD accurately and timely processes, settles and manages Banking/Treasury products in the global markets. Where relevant, they will lead changes to legal documentation post signing. Supported and mentored by colleagues, the individual will manage a portfolio of basic operations, interacting with multiple teams across the Bank, including (but is not limited to) Treasury, Risk, Office of General Counsel (OGC) and broader Corporate Services teams. Where necessary, role holders will be expected handle client (borrower) communications on banking matters. The Assistant Analyst will also support other colleagues in the team by managing the project covenant reporting across the wider teams portfolio of deals, which includes sharing these documents with external parties who participate in EBRDs projects and performing other tasks to support and learn from experienced team members.The individual will need to adopt a continuous improvement mindset, and will be expected to support and be a part of improving operational processes across the OSM function. Accoutabilities & ResponsibilitiesOperational Performance:Under the supervision of colleagues the role holder will:Execute operational processes across a range of activities in equivalent middle and back office support functions that facilitate the adequate documenting, booking, funding and monitoring/reconciliation of the Bank's products (e.g. disbursing bank funds across a range of product types)Deliver outstanding operational performance demonstrated by adherence to established operational metrics ? timeliness, quality and customer satisfactionResponds to operational queries in a prompt and timely mannerCommunicate with relevant departments that may have significant implications for projects (or related transactional activity) to ensure that the decision-makers are aware of the risks involvedSupport the wider team on a variety of tasks associated with the portfolio of projects relating to transactions, reporting and data management.Where necessary, provide additional capacity across OSM to ensure expected service levels are maintained, including unanticipated deadlines defined by Banking clients Operational Standards, Risk, Control & Governance:Be a part of a culture where team members are responsible for the quality of their output, ensuring adherence to established quality/assurance targetsHelp support the broader improvement of OSMs control environmentEnsure that new processes and practices are conducted in line with quality standards, applicable policies and relevant legislation Continuous Improvement:Be a 'team player' in a department responsible for creating a ?best in class' operational functionSupport the identification and implementation associated with driving improved efficiencies in OSM with a view to enhancing the overall service experience timeliness, quality, engagement etc.Demonstrate self-awareness of personal and broader operational metrics, identifying opportunities to improve (either personally or collectively) Service Management & Third Party Management:In delivering day-to-day operational activity, conform to established service levels and standardsWhere necessary, work in a collaborative manner with other colleagues/teams involved in a hybrid service model Stakeholder Management:Works collaboratively with colleagues to facilitate operational outcomes that adhere to established service levelsPositively influences others to help deliver a sustainable operations functionProactively works with the Business to identify and manage backlogs, guiding them on prioritisation and, where necessary, conveying wider operational constraintsBe an ambassador for OSM across other departments by delivering outstanding operational outcomes Knowledge, Skills, Experience & QualificationsThe individual appointed must have the necessary capability to be able to take on responsibilities associated with the role, being able to handle the pressures of the role in a manner appropriate to the Bank. The candidate should have the following:University educated, or equivalent work experienceGeneral banking, legal and credit skills as well as a basic understanding of treasury and banking products transacted by EBRDStrong customer service orientationExperience with Summit, Frameworks, SAP, Debt Domain and SWIFT systems considered advantageousStrong team player, attention to detail, strong analytical skills with the ability to organise, multi task and prioritise effectively to meet deadlinesStrong computer skills (Microsoft Outlook, Word, Excel, Power point)Experience of being part of a team that has transformed itself utilising continuous improvement techniques would be considered beneficialExcellent written and verbal communication in English required. Knowledge of another language would also be considered advantageousMust have positive, collaborative and solution orientated attitudeStrong interpersonal skills 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). Right to Work in the UK: Swiss nationals (and all other non-UK employees) can work in the UK without a Visa - working at the EBRD gives all employees "exempt status". The Bank however encourages all non-UK employees to obtain an Exempt Vignette (EV) prior to relocating to the UK, as without an EV you may face more questions at Border Control and when required to show evidence of their exempt status when renting accommodation under the Right to Rent legislation. The application process may take 3 – 4 weeks approx. outside of the UK. How cinfo Can Support You in the Application Process for This PositionApplication and Interview Preparation: Whether you're preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at recruitment@cinfo.ch, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.
Purpose of JobThe Associate Director, Lead Research Economist pursues a high-quality research agenda in one or several areas pertinent to the EBRD, such as the green transition, economic inclusion, finance and development, firm productivity, and/or structural economic transformation. The Lead Research Economist also provides intellectual leadership to the rest of the Bank, including by providing input to policy dialogue and briefing notes. In addition, they act as a senior in-house advisor on methodological issues, such as survey design, causal inference, or the use of big data and machine learning.Externally, the Lead Research Economist is a recognized authority on their area(s) of expertise and regularly represents the Bank as a speaker at high-level fora and conferences.The Lead Research Economist is an active researcher who successfully and consistently publishes economic research in top-tier academic journals. Part of their research agenda may involve complex and multi-year projects such as randomised controlled trials or international surveys that require excellent project management skills. The Lead Research Economist also mentors junior researchers in OCE. BackgroundOCE consists of a team of around 17 ecomonists and analysts. It contributes to the operational, policy and strategy work of the Bank and provides intellectual leadership on the economic transformation of the regions in which the Bank invests. OCE is responsible for economic research relevant to EBRD and its countries of operations, macroeconomic analysis, and relations with academia. It also leads the design and implementation of large-scale household and firm-level surveys; randomised impact studies; and the production of major EBRD publications, including the annual Transition Report. Facts / ScaleThe Lead Research Economist is responsible for a high-quality research agenda in one or several economic areas pertinent to the Bank. He or she manages a Research Analyst as well as one or several interns, and may co-manage one junior research economist in OCE. The position is based in London and reports to the Director of Research.The Lead Research Economist manages one or more large-scale and complex research projects, including randomised controlled trials (RCTs) or multi-country surveys, that require first-rate project management, budgeting, people, and logistical skills. He or she is also responsible for independently mobilising donor funds or external funding for such assignments.The Lead Research Economist interacts closely and independently with other teams in the EBRD, such as Banking, Corporate Strategy, and VP Policy (including the Impact Team).Part of OCE senior leadership, he or she may represent OCE at Bank committees and contribute to broader strategic and operational decisions around OCE's work. Accountabilities & ResponsibilitiesLead and manage a research program in one or several thematic areas and be an experienced authority and intellectual lead on these areas. Provide research-based guidance to senior management within EBRD as well as communicate externally and authoritatively on these issues.Publish research in top-rated, peer-reviewed academic journals.Manage large-scale, complex, and multi-year/multi-country impact assessments and surveys, including generating the required internal donor funding and/or external funding.Independently manage one or several chapters of OCE's annual Transition Report and other research-based policy reports. In charge of briefing notes for EBRD senior management, including the Chief Economist, VPs, and the President.Internally, support EBRD colleagues with research-based analysis and advice.Externally, he or she independently works together at senior level with other IFIs, in particular the World Bank Group, IMF and the EIB, on leading long-term and highly-visible joint research projects and the associated policy and research reports.Externally, provide intellectual leadership and communicate on EBRD's research-based views on specific global economic trends and provide economic analysis to be shared with the media, clients and in various public forums. Represent the Bank at high-level events to further cement EBRD's external reputation as a knowledge-intense organisation. Independently interfaces with outside academics, think thanks and other IFIs.Organize research conferences or EBRD's Annual Economics Symposium.Provide guidance, mentoring and leadership to OCE analysts and interns.The job requires extensive travel to manage field research in countries of operation, work with international co-authors and principal investigators, and to present research findings. Knowledge, Skills, Experience & QualificationsPh.D. in Economics or Finance from a leading university.A track record of research in fields relevant to EBRD, in the form of academic publications in areas such as development economics, industrial organisation, economic growth, labour economics, international trade, environmental economics, or finance.Strong proven ability to translate complex research findings into clear policy advice and to advice senior management on the practical implementation of research findings to further the Bank's operational and policy goals.Proven ability to gain trust from operational departments and to cooperate with them independently and to mutual satisfaction on large-scale research projects of high academic quality that provide meaningful input into EBRD's strategy, operations, and/or projects and policies.Excellent communication skills in English, both verbal and written, at the standard required for professional publication and official representation.Strong knowledge of economic policy issues facing transition economies and emerging markets.Fluency in one or more of the languages of the EBRD regions would be an advantage. Experience in team management would be a major advantage.Excellent interpersonal skills and ability to work effectively in teams as well as independently.Ability to plan and organise work unsupervised. Ability to work under pressure and meet tight deadlines. Good organisational, project management, and multi-tasking skills.Ability to operate in a multicultural environment and build effective working relationships with internal/external clients and colleagues. 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. ______________________________________________________________________ How cinfo Can Support You in the Application Process for This PositionApplication and Interview Preparation: Whether you're preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at recruitment@cinfo.ch, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.______________________________________________________________________
Purpose of Job: The European Bank for Reconstruction and Development (EBRD) is seeking to establish a dedicated/skilled team of Integrity Due Diligence (IDD) specialists to support front-line Banking teams in ex-ante integrity due diligence on potential Bank counterparties; as well as monitor existing project parties in the portfolio from an integrity perspective. This is a short-term (12-month) position based out of the headquarters in London. Pending the outcome of the pilot, more permanent contracts might be considered.The Principal, IDD Specialist, working in close cooperation with colleagues in Banking, will be expected to identify, assess, manage and monitor any risks of money laundering, terrorist financing, sanctions risk, tax evasion, corrupt business practices and political influence across a variety of projects. Applying a risk-based approach, the Principal, as part of the Bank's 1st 'line of defence', will be expected to reinforce Banking teams with their analysis of integrity and reputational risks in the EBRD's projects and operations. They will be responsible for analysing, verifying, assessing integrity concerns and potential mitigants in line with the Bank's integrity guidelines and procedures, using a combination of structured and unstructured data sources, and escalate / resolve risks and issues until closure. This will involve careful assessment and judgement on the potential impact of any emerging integrity issues on the reputation and standing of the EBRD, even if these are not specifically covered in guidelines and procedures.The Principal will be expected to develop a strong working relationship with Banking Teams and the Office of the Chief Compliance Officer as well as a wide variety of EBRD management and staff (across 1st, 2nd and 3rd 'lines of defence') to ensure the application of a consistent integrity due diligence approach. The Principal will represent the Screening Unit at a senior level, interacting and influencing a range of stakeholders across 1st, 2nd and 3rd lines of defence or other stakeholders. Whilst day-to-day they will be focused on providing operational leadership, they will also be expected to support management in strategic related matters, helping drive and deliver various improvement initiatives. Adopting a continuous improvement mindset will be critical in ensuring the function is able to move forward on a sustainable basis and prospective candidates will be exposed to a working environment where they will need to accommodate challenging timelines and effectively manage resources to support the Bank's pipeline approval and portfolio monitoring processes.This is not a standard regulatory compliance role as the EBRD is not governed by Financial Service Regulators, although it has regard to them, and operates to its own standards set by the Board. The EBRD is an International Financial Institution governed by UN international law and not the laws and regulations of any single country. It has some 80 shareholders, broadly the G20 and 60 other countries. This position will suit someone pro-active, intelligent, and thorough in their research, who is able to work in close partnership with a number of teams. Accountabilities & Responsibilities: General:• Identify, assess and mitigate integrity and reputational risk issues, including AML, corporate governance, sanctions and tax-related matters in partnership with Banking teams and OCCO, including the initial completion of the Integrity Questionnaire ('IQ').• Execute with the 'front line' the on-going monitoring and periodical risk-based review of more complex projects and associated key parties, escalating to the Operation Leader projects causing some degree of concern.• Support, assist and supervise more junior colleagues within the IDD specialist team, to ensure consistent quality of output.• Manage and coordinate internal stakeholder communication and status updates, as well as communication with external clients via Banking teams as needed.• Liaise with colleagues in other departments at the Bank for the collection, completion, and validation of Integrity information/data when applicable, including related Screening, Sanctions and Domiciliation information. Operational Performance:• Manage the operational delivery of allocated junior colleagues on a day-to-day basis, ensuring a 'no surprises' approach to service performance and delivery.• Ensure that key dependencies to operational delivery are understood. Proactively work with the Banking teams to identify and manage backlogs, guiding them on prioritisation and the unit's capacity to deliver.• Identify any shortfalls in the resource level of the IDD specialist team versus expected demand, ensuring timely escalation of issues through established governance routes (capacity management).• Responsible for monitoring allocated junior colleague(s) capacity and availability, ensuring the team is collectively focused on the highest priorities.• Ensure that their allocated junior colleague(s) maintain service standards, managing backlogs and liaising with stakeholders as needed.• Communicate with relevant departments that may have significant implications for projects (or related transactional activity) to ensure that the decision-makers are aware of the risks involved. Operational Standards, Risk, Control & Governance:• Support a culture where all team members are responsible for the quality of their output. Ensure a trusting and safe environment is developed where problems are raised.• Ensure that new processes and practices are conducted in line with quality standards, applicable standards/policies and procedures.• Where necessary, identify shortfalls in standards and help lead any required remediation activity.• Oversee the training of newly hired colleagues, provide on-the-job mentoring and manage their work to ensure high standards of work practices and objectives are met.• Where necessary, deliver educational material across wider teams. Continuous Improvement:• Support IDD specialist team management in operationalising a 'best in class' function, using contemporary techniques, principles and practices to achieve this.• Advise on and contribute to the appropriate revision implementation of integrity related procedures, promoting innovation and improvements in line with industry practice.• Identify and recommend enhancements to the IQ platform.• Lead on the development of supporting processes and technology to deliver an enhanced integrity control/risk mitigation environment.• Lead on the identification and implementation effort associated with driving improved efficiencies.• Employ operational metrics to manage workload, identifying opportunities to realise efficiencies or enhance risk mitigation. Service Management:• Deliver operational standards and performance to established service levels. On a daily basis, manage allocated junior colleague(s) by maintaining a constant view of established operational metrics to ensure effective planning and execution of work in progress queues and adherence to agreed service levels.• Help manage supply and demand by working in a collaborative fashion with the Business so that future demand can, where possible, be managed in line with expected service levels. Stakeholder Management:• Engage with stakeholders across the end-to-end integrity processes through regular briefings and updates.• Work collaboratively with stakeholders to facilitate and positively influence towards sustainable solutions.• Ensure that key dependencies to operational delivery are understood.• Be an ambassador for the team across other departments and, where necessary, participate in relevant committees. Leadership & People Management:• Ensure the smooth running of allocated junior colleagues on a day-to-day basis.• Responsible for coaching and developing junior colleagues.• Demonstrate 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.• Deputise for the IDD specialist team management, as required.• Assume additional responsibilities as assigned by IDD specialist team management. Knowledge, Skills, Experience & Qualifications: The individual appointed must have the necessary seniority and capability to be able to take on responsibilities associated with the role, being able to handle the pressures of the role in a manner appropriate to the Bank. The candidate should have the following: • 5 years of post-graduation (after having obtained your initial university degree/diploma) relevant professional experience in banking, finance, legal or corporate advisory in the Compliance and/or KYC domain.• Outstanding management and interpersonal skills, able to work within a small/skilled team and simultaneously foster productive working relationships with senior bankers, credit, compliance and legal officers in the Bank.• University educated degree in Economics, Business Administration, Finance or Law (preferably at postgraduate level) with a combination of the above considered highly advantageous.• Excellent knowledge/familiarity with relevant KYC/AML-CFT and anti-bribery and corruption regulations, international standards and associated best practices.• In depth understanding of processes that underpin related KYB / KYC / CDD / EDD activity, including how corporate data providers can support.• Considerable experience in identifying, verifying and assessing/mitigating corporate governance, financial crime and integrity risks, preferably within another MDB, Corporate or Investment Bank.• Familiarity with dealing with a range of clients in Europe, Asia and Africa, across a range of sectors and product classes.• Prior experience of communicating with clients and managing flows of regulatory/legal documentation.• Excellent written and oral communication skills, including an ability to distil and present complex or sensitive topics to senior audiences.• Ability to provide clear and concise research while confronted with limited information and time, as well as to tight deadlines set by business needs.• Ability to conduct integrity due diligence training courses across all levels in the EBRD.• Strong analytical/quantitative skills with an ability to manage and analyse data sets.• Good understanding of the EBRD mandate and 'in scope' geographies (countries of operation), including the operating and political framework in which the EBRD operates.• Excellent knowledge of written and spoken English. Knowledge of other languages (including Arabic and Russian, or other languages from EBRD's countries of operation) would be considered highly advantageous.• Attention to detail with the ability to organise, multi-task and prioritise activity to meet demanding deadlines set by the Business.• Must have positive, collaborative and solution orientated attitude with a track record of achieving results.• Sound judgement and an ability to credibly justify a decision is critical. Ability to soundly execute quantitative and qualitative analysis, draw salient conclusions and present information in a concise and effective manner. 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). ______________________________________________________________________ This is how cinfo can support you in the application process for this specific position:Before you apply for this position: Improve your application documents by registering for a Job Application Support.When invited to the interview: Prepare for the interview by registering for a Job Application Support.For Swiss nationals who get invited to the first round in the selection process (written test, interview, assessment centre, etc.):Please let us know so that we can inform our HR partners from the respective organisation and the Swiss Government to increase your visibility: recruitment@cinfo.chBenefit from free interview preparation by registering for a Job Application Support. ______________________________________________________________________