Purpose of Job

The Principal is a member of the CFMD team, which is responsible for handling all aspects of the development of financial and capital markets in the EBRD COOs including the provision of transaction support, engagement in policy dialogue, and capacity building. The role entails strategic coordination with CFMD Team’s other pillars as well as many of the departments of the Bank including Banking, Treasury, OCE, OGC, Risk, Credit, and other Policy teams and external engagement with a wide range of market participants including in other IFIs, Government Agencies, central banks, exchanges, depositories and settlement institutions, regulators, and supervisors, institutional investors and other market participants. The role is responsible for the delivery of policy dialogue activities, ensuring coordination with banking OLs in the origination and structuring of capital markets projects with policy components, leveraging transactions to develop and support capacity to implement relevant sectoral regulatory frameworks. The role entails responsibility for coordinating the CFMD team’s activities in the area of legal and regulatory reforms in the Bank’s countries of operation. The role reports to the Associate Director, Head of Financial Sector Policy, CFMD.

Accountabilities & Responsibilities

Policy dialogue:
• Design, manage and lead policy dialogue with relevant stakeholders to promote capital markets development with a view to developing long-term relationships and becoming a trusted adviser – these could include policy dialogue to ensure the resilience of the financial system, developing new capital markets products, improving capital markets infrastructure and advancing a wide range of other capital market reforms;
• Build consensus within the bank on the recommendations arising from the country needs assessments and, in cooperation with team members responsible for country coverage and other key bank stakeholders, establish appropriate next steps for EBRD’s contribution to capital markets development in specific countries;
• Establish buy-in from key external stakeholders (e.g. government authorities, regulators, IFIs and other market participants) on the importance of developing more efficient and sustainable domestic capital markets.

Transaction design and support:
• Proactively guide the EBRD Banking and Treasury departments towards development opportunities, based on agreed country-level market development priorities including to ensure that transactions are aligned with relevant policy recommendations;
• Support product innovation by assisting the EBRD’s Banking colleagues in designing specific financial institutions transactions, and banking transactions with capital market and local currency relevance to maximise the impact of EBRD investments;
• Provide input into the design and appraisal of relevant FI projects with policy components, working with the Impact pillar to enhance the TI ambition as appropriate;
• Liaise with EBRD’s Treasury Department to strengthen synergies between CFMD activities and EBRD’s own treasury operations;
• Design, manage and coordinate TC projects with internal and external counterparts to support reforms or specific transactions in the financial sector or capital markets;
• Monitor the performance of TC projects and work with the Impact pillar to ensure adequate ambition.

Research and analytical work:

• Prepare, review and oversee the production of high quality analytical reports and policy notes that adequately analyse/reflect financial market development issues with particular emphasis on the areas of their team’s expertise.

Knowledge, Skills, Experience & Qualifications

• Postgraduate degree in Finance, Law, Economics or related fields;
• Hands-on experience working with a wide range of financial and/or capital market products, including debt, equity and derivatives or designing related legislative or legal reforms;
• Experience in local currency and capital market product design including funding and hedging and derivative market development;
• Proven project management experience, preferably related to financial sector development in transition economies;
• Proven ability to work across organisational boundaries and operate effectively in a multi-cultural work environment;
• Experience with managing diverse teams and driving engagement.
• Strong communication skills, both oral and in writing in English and, preferably in one or more languages of EBRD’s countries of operations; good presentation skills; must be able to explain complex technical issues effectively; previous experience producing policy documents, assessment reports and thematic reports in International Financial Institutions, think tanks, consultancy firms or other organisations having a development mandate is highly desirable;
• Ability to establish relationships with and tactfully influence high-level internal and external stakeholders;
• Ability to design, manage and execute technical cooperation projects, including preparation of budget and management of consultants and their work;
• Organisational skills: must be able to lead multiple and wide ranging tasks concurrently; ability to deliver quality outputs with tight deadlines; prior experience organising high-level conferences, seminars, and workshops would be a plus.

What is it like to work at the 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.

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;
• An environment that places sustainability, equality and digital transformation at the heart of what we do.

Diversity is one of the Bank’s core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. 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, sexual orientation or disabilities. As an inclusive employer, we promote flexible working and expecting our employee to attend the office 50% of their working time.