Analyst Asset Backed Securities

As part of the Country and FI Credit Risk Management Team (“CFI”), successful candidate will analyse and appraise risks of EBRD’s new and existing portfolio of Asset Backed Securities (ABS) and associated risks (including country risks). The Analyst will provide support to the team on preparation of credit reviews and allocation of credit ratings to counterparties, setting of counterparty credit appetite and limits, reviewing of new projects/transactions and formulating recommendations of appropriate risk mitigation measures and transaction structuring. The Analyst will also be required to undertake periodic portfolio reviews, identify and clearly communicate trends in the portfolio, including macroeconomic, legal and banking system trends in various jurisdictions in which EBRD (“the Bank”) operates, for broader strategic decision-making and bottom-up stress-testing. 

Background

Risk Management is the Bank’s second line of defence, which is responsible for the independent identification, reporting and mitigation of risks. The Analyst provides analytical support and recommendations to his/her management in the CFI team, feeding into final recommendations to the Operations Committee, Small Business Information Review Committee, or approval of projects together with Banking under Delegated Authority for Banking transactions.

Accountabilities & Responsibilities:

The Analyst will provide support to the team and work under supervision of an Associate Director. Key responsibilities to include:

• Assess the creditworthiness of current and prospective investments of the Bank. Clearly and concisely articulate views around rating recommendations, credit appetite and relevant risk mitigants.
• Analyse the key risks of each proposed transaction and advise on risk mitigation measures, including via legal documentation and/or structuring. Review integrity and anti-money laundering issues to ensure compliance with internal guidelines. Exercise own judgement and expertise to appraise the validity and reliability of key assumptions of each proposal.
• Ensure projects comply with any relevant risk guidelines, prudential limits set by the Bank, and that appropriate ratings are assigned for probability of default and loss given default. Have the ownership of Risk data in the area of responsibility.
• With oversight and guidance from more experienced members of the team, progress to making more independent decisions regarding portfolio actions (including rating changes, certain waivers and amendments), and recommendations to senior management on matters requiring higher level approval (including transfers to corporate recovery, impairments and more significant restructuring, etc).
• Carry out proactive and regular monitoring of the assigned portfolio positions through own monitoring, research, communication with Treasury. Actively and constructively engage with Treasury and other relevant staff to ensure adequacy of front-line monitoring.
• Effectively analyse and formulate credit views on proposed projects and to make comprehensive recommendations, often under time pressure.
• Build rapport and understanding with colleagues within the team and in other departments.
• Deliver information in the relevant and succinct format to differing groups by having effective writing and verbal skills (also through clarification of scope of any assignment).
• Find and share technical knowledge with colleagues.
• Display a solution-orientated approach and a collaborative working style, reflecting understanding and awareness of the perspectives of others.
• Participate and contribute positively to various initiatives within Risk Management or bank-wide.
• Among peers, be an agent of Credit Risk culture dissemination.

Knowledge, Skills, Experience & Qualifications:

• A strong mathematical background, ideally coupled with knowledge of macroeconomics gained either through University background or work experience.
• Excellent analytical and quantitative skills.
• Attention to detail to ensure consistently accurate analysis.
• Outstanding interpersonal skills, as the role involves interacting with stakeholders from all across the Bank and external clients.
• Excellent written and spoken communication skills.
• University degree in finance, business, economics or comparable certifications.

Source: https://jobs.ebrd.com/job/London-Analyst,-Asset-Backed-Securities/1170964101/