Principal Risk Officer

Requisition ID 35915 Office Country Türkiye Office City Istanbul Division Risk Management   Contract Type Regular  Contract Length   Posting End Date 14/08/2025 

 

 

 

 

Purpose of Job

As part of the Country and FI Credit Risk Management Team, the job holder will be required to independently analyse and appraise risks of EBRD’s new and existing portfolio Financial Institutions debt transactions. As appropriate, the job holder will be required to conduct the following: identification and execution of required due diligence, recommendation of appropriate risk mitigation measures and transaction structures, including security, covenants, and pricing; review of portfolio and new proposed projects; preparation of analytical data; communication of trends in the portfolio to allow broader strategic decision-making and bottom-up stress-testing; recommendation of portfolio management actions, review of country risk; approval of counterparty, transaction or sovereign ratings; setting of counterparty limits, approval of transactions where appropriate under delegated powers. The Principal Risk Officer will coach and supervise Associate Risk Officers and Analysts as well as junior bankers rotating through the team.

 

Background

Risk Management is the Bank’s second line of defence, which is responsible for the independent identification, reporting and mitigation of risks. The Principal Risk Officer provides analytical support and recommendations to his/her management in the Country and FI Credit Risk 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 and exercising delegation granted under the Treasury Credit Process for Treasury transactions. 

 

Facts / Scale

The Country and FI Credit Risk Management Team comprises one director, 8 Associate Directors, 7 Principal Risk Officers and 5 Associates and other staff on rotation or on internship. The staff are organised into five sub-teams:  two FI Credit Risk Teams, a Country Risk Team, an ABS Risk Team and a Treasury Counterparty Risk Team. The Principal Risk Officer role sits within one of the FI Credit Risk Teams). The FI Credit Risk Teams are responsible for transaction structuring advice, transaction approval and credit risk portfolio management for over 270 bank and non-bank financial institutions within the EBRD’s Countries of Operation.

 

Accountabilities & Responsibilities

The Principal Risk Officer will work under supervision of the Associate Director and/or Director, but with varying levels of supervision depending on his/her experience and the relevant task. He/She is expected to demonstrate considerable ability to work un-supervised and exercise their own decision-making ability, using their delegated powers where appropriate:

• Establish an independent and unbiased view on projects proposed to the Operations Committee / SBIC / under Delegated Authority and make clear recommendations, or approvals on each proposal.
• Analyse the key risks of each proposal and advise on risk mitigation measures, structures, tenor, security, covenants and condition precedents, to the project teams and, via credit notes. Review integrity and anti-money laundering issues to ensure compliance with internal guidelines and advise on referral to the Office of the Chief Compliance Officer as required. Appraise the validity and reliability of key assumptions of each proposal, including via involvement in the commissioning and review of independent due diligence and travel.
• In liaison with other units in Risk, Banking and Office of Chief Economist, lead the country portfolio reviews.
• 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.
• Exercise independent delegated authority regarding portfolio actions (including certain waivers and amendments), and recommendations to senior management on matters requiring higher level approval (including transfers to corporate recovery, provisions and more significant restructuring, etc.).  
• Lead proactive and regular monitoring of the assigned portfolio counterparties, countries and market developments. Actively and c