Responsibilities
The Principal, Portfolio Management EMEA, is expected to perform the following duties under supervision and guidance of the Director and/or Associate Director:
To manage and develop EBRD capacity to offer local currency financing to the Bank's clients:
1. Responsible for assessing the market environment and managing the market risks in the relevant currencies within the EBRD risk and limits. This includes managing interest rate, FX, liquidity (both long and short term) and credit risk. Managing liquidity risk includes cash management, which is crucial to ensuring that the Bank can operate on a day-to-day basis including the honouring of its debt obligations, disbursements to Banking projects and any other Treasury investments and payments as necessary.
2. Responsible for meeting the personal P&L target in the relevant currencies within the risk constraints set for them and the operational guidelines outlined in the T&TRMA.
3. Formulate, communicate and implement investment strategies in the relevant markets.
4. Responsible for the creation and maintenance of liquidity and products in relevant currencies, for maturities and interest rate risk profiles that are important for the Bank's clients. This includes developing both the internal and external frameworks in support of such developments.
5. Develop and maintain relationships with local market counterparties and Central Banks to facilitate the Banks provision of local currency lending.
6. Develop and maintain relationships with market counterparties, other MDB's and relevant industry bodies.
7. Build a network of working relationships and dialogue/co-operation with all relevant departments within the Bank to ensure effective product delivery.
8. Attend industry related events and conferences as participant.
9. Support initiatives of other departments and units of the Bank as required.
To further support market development:
10. Help develop and maintain relationships and policy dialogue with local market counterparties and Central Banks to facilitate the development of domestic instruments and markets needed to enhance the Bank's provision of local currency lending. This may include, where relevant, the running and advising of money market working groups and facilitating of capacity building.
11. Organise and coordinate policy dialogue and/or Technical Cooperation (TC) necessary to support the work by Portfolio Management, EMEA to support market development in specific countries.
12. Provide advisory, technical and/or administrative support to Portfolio Management, EMEA team on TC projects management related issues throughout the TC project cycles: TC project design, Grant Unit submission and approval processes, donor funding, procurement of Bank and/or Client led consultancy services, contract negotiations, contracting, monitoring of TC projects, reporting on TC projects, evaluations and lessons learnt of TC projects.
13. Provide training for new team joiners on TC project related matters, rules and procurement procedures.
Knowledge, Skills, Experience & Qualifications
To manage and develop EBRD capacity to offer local currency financing to the Bank's clients:
14. Significant financial markets experience ideally in a major financial institution.
15. An established knowledge of interest rate & FX markets, their dynamics and inter-linkages, preferably gained via trading / execution or a Treasury role is desirable.
16. A strong understanding of all relevant products is desirable: vanilla interest rate derivatives (IRS, OIS, FRAs, Futures, & options); FX spot, fwd & swaps; cross currency basis swaps, single currency basis swaps; Repos, MMKTs and the trade life cycle.
17. Strong ability to interpret macro economic and financial information.
18. Capacity to adapt and develop new solutions through analytical, interpretative, evaluative, creative and innovative thinking
19. Partnership, influencing, problem solving and client relationship/orientation skills to enable the delivery of Treasury's and the Bank's quantitative and qualitative business targets.
20. Ability to find and secure donor funding, and previous experience with managing TC projects and donor funding is a plus.
21. Having an established network of relationships is a plus.
22. Strong technological skills in the use of all relevant systems: Bloomberg, Excel (some VBA), Summit, Reuters dealing & Eikon, Powerpoint, Outlook, and other systems as relevant.
23. Minimum Bachelor's degree or equivalent experience. Master's degree desirable but not required.
24. Strong English, reading, writing and comprehension skills are a necessity. A second language of one of EBRD's Countries of Operation is highly desirable.
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:
25. 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.
26. 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.
27. A hybrid workplace that offers flexibility to teams and individuals; that is based on trust, flexibility and connectedness.
28. An environment that places sustainability, equality and digital transformation at the heart of what we do.
29. 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.
How cinfo Can Support You in the Application Process for This Position
30. Application and Interview Preparation: Whether you're preparing your application documents or getting ready for an interview, you can book a session to receive tailored guidance.
31. For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.
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