Job Description

European Bank for Reconstruction & Development
Purpose of Job
The Associate, Capital and Liquidity Planning is part of the team responsible for the EBRD's capital and liquidity planning, capital adequacy and the associated financial policies, providing an important input into the Bank's overall financial sustainability objectives. The incumbent will support in the delivery of specific, allocated areas of the team's work. This requires analysis of issues from a technical perspective and through a deep understanding of the subject matter. The role will work closely with the three Principals in the team and ultimately support the Director, Capital and Liquidity Planning.
The team has a planning and control function with a wide range of responsibilities, dealing at the most senior levels through the organisation and with counterparts in other international financial institutions.
Background
The Capital and Liquidity Planning team leads the design and implementation of policies and processes, and is specifically responsible for:
- Financial policies, including the Bank's capital adequacy policy and net income allocation approach
- Capital and liquidity components of the Strategy Implementation Plan and the Strategic and Capital Framework
- Liquidity planning and Borrowing Programme calibration
- Assessing capital adequacy and liquidity under external frameworks, including planning against key rating agency ratios
- Overall capital planning and analysis
- Application of stress test to capital and liquidity position of the Bank
- Tools and analysis supporting capital resilience
- Leading engagement with external and internal stakeholders on efficient and effective use of the Bank's capital
It should be noted that as an International Financial Institution the Bank is not subject to any specific bank regulation, but aims to be in line with relevant best practice. A key capital management objective is the maintenance of the Bank's ?triple-A' credit rating.
Accountabilities & Responsibilities
1. Capital planning
- Support work related to the development of the Bank's capital adequacy metrics using multiple methodologies such as rating agency capital models, internal capital adequacy policies and regulatory best practice.
- Contribution to relevant capital planning documents including the Strategy and Capital Framework (SCF) approved by the Bank's Governors and the Strategy Implementation Plans (SIP).
- Execute the forward-looking financial/capital projections to support a range of objectives, such as SIP, SCF and country level analysis.
- Maintain and develop the Bank's capital stress testing model used to assess the financial impact of macroeconomic shocks.
- Maintain appropriate governance around the development of the capital stress testing model, such as documentation and version control.
2. Liquidity planning
- Prepare detailed liquidity projections to ensure compliance with the liquidity policy when sizing the Bank's Borrowing Programme, in collaboration with Treasury.
- Contribution to regular updates on the Bank's forward-looking liquidity position for presentation to ALCO.
- Support the annual liquidity stress testing exercise.
- Maintain appropriate governance around the development of the liquidity planning model, such as documentation and version control.
3. Tools supporting financial sustainability
- Maintain tools to support the core strategic objective of ensuring the Bank's financial sustainability.
- Maintain and test the standard RAROC model used by bankers for projects presented to the Operations Committee and the Board in order to assess pricing compared to medium term cost, risk and capital parameters.
- Analysis of RAROC and other financial measures including as input to the Bank's strategic portfolio management.
- Develop reporting dashboards for capital and RAROC data.
4. Credit rating agency models and data returns
- Maintain and execute the process to create key data returns to rating agencies to allow the calculation of capital ratios.
- Maintain and execute the process to calculate estimates of key rating agency capital ratios.
5. Keep abreast of credit rating agency methodologies
- Reviewing the Multilateral Development Bank approach of the three major ratings agencies to assess capital adequacy and liquidity, assessing how to apply to EBRD and as an input for financial policies and calculation of the relevant metrics.
In addition to the key responsibilities and deliverables described above, the individual may be requested to perform other relevant duties as required by business needs.
Knowledge, Skills, Experience & Qualifications
Qualifications:
- Degree or equivalent experience - Finance/ Economics/ Mathematics preferred
- Demonstrated analytical skills, with a delivery focus
- Proficiency in MS Excel and/or reporting/analytics/modelling software
- Team player, including ability to work in a matrix environment and across functions
- Sound decision making and problem solving skills
- Good oral and written communication skills, including presenting information to a range of audiences
Experience and knowledge:
- Demonstrated knowledge and understanding of financial regulation and related risk issues for modelling of (i) regulatory capital adequacy and (ii) liquidity risk or in-depth financial reporting/forecasting background
- Good grasp of financial and capital market fundamentals, credit analysis and accounting concepts
- Strong knowledge of data systems
- Demonstrated experience building effective working relations with clients and colleagues
- Knowledge of statistics would be an advantage
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).
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.
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Sector: Nonprofit/Community/Social Services/International Cooperation
Role: Other
Working hours (%): 80-100% / 100%

Skills Required