Analyst, Financial Strategy
Role Overview
Eight month contract from 1 November 2013
The Financial Strategy team of five staff is responsible for:
· The Bank's overall capital planning and adequacy;
· reviewing and updating of the Bank's financial policies;
· assessment of the Bank's capital adequacy requirements using a variety of measures, including computation of Basel capital ratios;
· providing analysis required to support the Bank's AAA/Aaa credit rating; and
· supporting the financial appraisal of all new banking operations prior to submission to the Board of Directors for approval.
The Bank's financial policies include the economic capital policy, prudential limits framework, liquidity policy and provisioning policy. Through this work, the department plays a key role in the Bank's strategy formulation, implementation and review processes.
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.
This role is reporting to the Deputy Director, Financial Strategy, but will require working under the supervision of managers in the Financial Strategy team on specific tasks.
Key Responsibilities and Deliverables
Review of use of the project profitability model
· Review the use of the standard model by bankers for Final Review Memorandums presented to the Operations Committee and for Board documentation.
· Role involves close liaison with operation leaders in Banking and with the Operations Committee Secretariat.
· Assistance in model maintenance and development.
Capital adequacy
· Specific responsibilities in the production of quarterly computations of regulatory capital (Basel) ratios across Banking and Treasury investments, derivatives, FX and other elements.
· Responsibilities in the Internal Control Framework process for Basel ratios.
· Support regular reviews of rating agency methodologies and replicating computations.
Provisioning Policy
· Analysis underpinning annual review of the Bank's provisioning policy, including the Bank's own loss experience and portfolio modelling.
· Comparison to data and approaches used by best practice organisations.
Supporting analysis and reporting
· Regular updates of banking risk exposures, monitoring, analysis and reporting on historic trends.
· Work with Risk Management and other departments on the quantification of the capital impacts of stress tests.
· Assist in the development of reports available to support portfolio managers in Banking teams.
The Bank will start work in 2014 on an in depth review of strategy and capital requirements that occurs every five years and the strategy currently being developed - the fifth such Capital Resources Review ('CRR5') - is scheduled for consideration by the Bank's Board of Governors at the Bank's Annual Meeting planned in May 2015. The measurement and planning of the Bank's risk capital capacity are key 'building blocks' within the CRR5 work programme.
This role includes co-ordination at a working level with a number of teams across the Bank including Risk Management, Treasury and Controller's.
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.
Essential Skills, Experience Qualifications
· overview knowledge and understanding of financial regulation and related risk issues for modelling of (i) regulatory capital adequacy and (ii) economic capital would be an advantage, but is not essential
· good grasp of financial and capital market fundamentals, credit analysis and accounting concepts
· strong knowledge of Excel and data systems
· an analytical and inquiring approach
· excellent degree
Competencies Personal Attributes
· maturity and ability to work independently under own initiative and deliver high quality work
· dedicated to task at hand, delivery focused and results driven
· ability to work efficiently as part of a team
· attracted to the multicultural environment of the EBRD as well as to the mission of the Bank
· ability to operate sensitively in multicultural environments and build effective working relations with clients and colleagues.
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