Overview
Purpose of Job: The MD, Treasurer is responsible for the raising of all funding for the Bank, the management of the liquidity portfolio of the Bank, the development of local currency lending capacity, its related market building work and the management of the financial risks affecting the balance sheet of the Bank. The management of the Treasury function is managed under delegated authority by the Board and the Vice President CFO and the Vice President CRO by the MD, Treasurer.
Background: The Treasury department has six main functions: raise the liquidity needed to secure the Bank’s ability to actualise its business plan; manage the capital and liquidity of the Bank; provide product to the Banking department in a form that is required by the Bank’s external clients; help develop the local financial systems in the Banks Countries of Operation; manage the financial risks of the Bank’s balance sheet as incurred in the execution of the Bank’s business; be the interface between the Bank and all financial markets. The Treasury department operates under delegated authority as approved by the Board and further guidelines issued by the Vice President CFO and the Vice President CRO, with regards to instruments and risk appetite. The size of its activities is directly linked to the Bank’s business plan through the Liquidity Policy of the Bank.
Responsibilities
* Formulate the annual business plan and secure the resourcing required to meet it.
* Define and execute the long-term borrowing programme as approved by the Board of Directors.
* Ensure the Bank’s financial sustainability through sound liquidity management in line with the Bank’s risk appetite, with the objective of maintaining the triple A rating as assessed by credit rating agencies.
* Manage the financial risks of the Bank’s balance sheet within approved risk limits, while achieving the annual revenue target as outlined in the Strategic Implementation Plan (SIP).
* Manage cashflow mismatch risk to provide local currency loans in the form clients want, within set limits, and engage in policy dialogue to improve local markets; the Treasurer will lead this effort.
* Provide high quality and consistent advice to the Banking department for the financial structuring of capital market related instruments, advice on currency and interest rate mechanism choices, and pricing input from market sources to support Banking Operations in serving clients in line with the Bank’s mandate.
* Create and maintain liquidity and products in currencies, maturities, and interest rate risk profiles important for the Bank’s clients.
* Maintain relationships with major financial market counterparties, major investors in the Bank’s bonds, and relationships with central bank partners to access key financial players needed to achieve Treasury objectives.
* Represent Treasury at the most senior levels to ensure outputs are aligned with the Bank’s overall strategy, including engagement with MDBs/DFIs, industry associations, forums, central banks, and government levels.
* Drive the Bank’s strategic agenda as outlined in the 5-year Strategic Capital Framework with a special focus on local currency findings and MDB collaboration.
* Foster and maintain strong governance and risk culture within the Bank.
* Drive and support the Bank’s transformation agenda with regard to automation, efficiencies, and cross-functional collaboration.
* Demonstrate people leadership in line with the Bank’s agenda, including objective setting, career planning, mobility, talent development, and diversity & inclusion, as well as strategic workforce planning.
* Champion and role model the Bank’s Workplace Behaviours, ensuring adherence within the department to uphold integrity and ethical conduct as a member of the Senior Leadership Group (SLG).
* Lead by example and promote a partnership approach to ensure effective cooperation, collaboration, and working relationships between Treasury and other departments.
Knowledge, Skills, Experience & Qualifications
* Deep understanding of financial markets and the factors that drive their behaviour.
* Deep understanding of the functioning of Emerging market financial systems.
* Deep understanding of all financial instruments.
* Strong understanding of the accounting methods used for Treasury assets and liabilities.
* Good understanding of risk management concepts and frameworks.
* Experience of running a Treasury or portfolio management function.
* Masters degree or equivalent experience in Finance, Economics or other relevant subjects.
* An extensive track record of successfully building and leading diverse teams, setting a vision, developing and managing talent and driving engagement.
* This is a 4 year term appointment.
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: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.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.A hybrid workplace that offers flexibility to teams and individuals; that is based on trust, flexibility and connectedness.An environment that places sustainability, equality and digital transformation at the heart of what we do.A workplace that prioritises employee wellbeing and provides a comprehensive suite of competitive benefits.
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