Director, Credit/Transaction Analysis

Role Overview

The Director, Credit Transaction/Analysis is responsible for managing the Credit Transaction Analysis Unit (CTAU) of the EBRD, which provides an independent review and recommendation for each transaction proposed by Banking. The team works with Banking during the project preparation and negotiation stage, with particular focus on Credit, Pricing, Integrity and other Risk issues. The CTAU provides the Operations committee with written advice and recommendations on each transaction. It also makes recommendations for country risk ratings. The team is responsible for the Bank's credit process and for making recommendations for changes to credit policy to the Executive Committee and the Board. The position reports to the Managing Director, Risk Management within the Risk Management Vice Presidency and manages the current team of 12 highly experienced credit and lending professionals, as well as supervision of trainee bankers on rotation. The Credit Department works with most areas of the Bank but particularly Banking, Treasury, the Office of the Chief Economist and the Office of the General Counsel.

Key Responsibilities and Deliverables

• Lead, coach and manage a team of Credit professionals to ensure consistency, adherence to the Bank's mandate and policies, timeliness of response and ability to cope with an uneven and, at times, heavy workflow.
• As a key member of the Operations Committee secretariat prepare the Committee's agendas and discussion points.
• Attend the Operations Committee and assist the Committee deliberations on credit, risk, and integrity issues.
• Make clear credit recommendations in a positive and constructive manner, while being clear as to the reasons for both positive and negative recommendations.
• Supervise the application of ratings of projects to achieve consistency to link into the Risk Management Project.
• Recommend changes to the credit process through the Managing Director Risk, Vice President Risk for the Executive Committee and the Board as appropriate.
• Initiate and supervise country and industrial sector risk analysis.
• Develop effective working relationships with other members of staff at all levels, especially in Banking, Treasury, the Office of the Chief Economist and the Office of the General Counsel.
• Maintain contacts with functional counterparts in the key private sector participants and similar multilateral organisations such as the World Bank, International Finance Corporation, European Investment Bank, etc.
• As part of the management team of Risk Management contribute to the overall Risk strategy of the Bank.
• Further the credit and risk skills across the Bank by helping to identify skills needs, and participate in formulating the key inputs required for training, including through the rotation of analysts and junior bankers through Credit.

Essential Skills, Experience & Qualifications

Candidates must demonstrate a strong and substantial track record in risk, commercial bank credit with structuring and lending experience, ideally with a focus on project finance, specifically including solid experience in a credit decision making capacity at a senior level with substantial levels of authority.Experience in appraising and valuing equity investments is also essential. This position requires proven skills and experience in:

• Loan and equity structuring, pricing, legal documentation, and exposure and awareness of effectivness of structures and documentation on ability to recovery or reduce losses of distressed loans and impaired equity.
• Financial credit analysis of businesses in major industrial sectors with particular emphasis on project lending in developing countries and analysis based on cash flow modeling.
• Management of a team of credit professionals.
• Country risk and sovereign credit analysis.
• Experience of integrity investigations and anti money laundering regulations.
• In-depth knowledge of commercial bank operating procedures and systems, with particular emphasis on risk monitoring systems.
• Understand most major business sectors, activities and risks.

Possess a good understanding of the Bank's mandate and a developed knowledge of emerging markets, preferably including the Bank's countries of operations.

Competencies & Personal Attributes

Technical & Professional Expertise – have the ability to make effective and appropriate use of the technical skills and knowledge described above.

Commercial Acumen/Business Judgement – have the ability to focus on the bottom line and rapidly size up projects.

Leadership skills – provide effective motivation and guidance and ensure consistency of approach across the team;resilient with good planning and organising ability.

Excellent communication – have good written and oral fluency with strong influencing and persuasion skills to work with Banking without creating an adversarial relationship.

Results Orientation – create solutions to allow difficult projects to proceed with suitable risk mitigation.

Organisational awareness and alignment – understand the informal and formal channels of the Bank and knows how to get things done; has sympathy with the Bank's mandate.

This job description is not limited to the responsibilities listed and the incumbent may be requested to perform other relevant duties as required by business needs.

For a more comprehensive job description and to apply, visit www.ebrdjobs.com

The deadline for applications is 28 July 2011.