Director, - Risk Modelling, Validation, and Stress Testing

EBRD

London

Hybrid

GBP 80,000 - 100,000

Full time

14 days+

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Benefits offered by this job

Comprehensive benefits package

Flexible working environment

Collaborative work culture

Job summary

A leading international financial institution in London is seeking a Director for Risk Modelling, Validation, and Stress Testing. This role involves leading a team of quantitative risk analytics professionals and overseeing risk management processes. The ideal candidate has strong analytical skills and experience in risk management, with an advanced degree in a relevant field. This position offers a full-time contract with hybrid working options.

Qualifications

Understanding of the activities the EBRD engages in.
Quantitative modeling capability to support model development.
Excellent written and spoken English; other Bank languages a plus.

Responsibilities

Directs measurement, monitoring, and management of market and liquidity risk.
Provides effective leadership in developing risk standards.
Oversight and strategic direction for economic capital modeling.

Skills

Understanding of EBRD activities

Familiarity with data governance

Extensive exposure to derivatives

Strong people management

Experience in data governance

Quantitative modeling capability

Strong analytical skills

Education

Advanced degree in mathematics, sciences, economics, finance

Job description

Overview

Director – Risk Modelling, Validation, and Stress Testing manages a team of quantitative risk analytics professionals. The job holder directs measurement, monitoring, modelling, and management of the Bank’s market and liquidity risk, assessment of economic capital, development of risk analysis, develops and maintains the ECL model, including engagement with the external auditors on the approach/methodology, compliance with IFRS 9, and stress-testing to support key business decisions. Individual will provide oversight of the risk system architecture, limit compliance and development, maintenance and validation of market risk, credit risk, and economic capital model infrastructure via line management of a distinct model validation team.

This is a 4 year term appointment.

Responsibilities

Provides leadership and vision to the team and is responsible for all aspects of managing, supporting and developing the team to deliver the team strategy and objectives.
Monitors and ensures the team provides timely and effective support and advice, proactively manages the pipeline of activity.
With management colleagues, contributes effectively and leads the process for shaping the Bank’s Risk Appetite and Risk Management Strategy and engage in wider Bank initiatives, representing the Risk Department. Educate and align individuals in the team with the Bank’s work, decisions and objectives.
Provides effective leadership in the development of best practice risk standards and guidance. Promotes a partnership approach to ensure effective co-operation and working relationships between Risk Management and other departments in the Bank. Maintain external network to ensure understanding of market practice.
Provides oversight and strategic direction to the development of the Bank’s economic capital modelling, stress testing, credit modelling, as well as market risk and liquidity risk model-based assessment. This includes the ECL model and engagement with the External Auditors to ensure their agreement as to the adequacy of IFRS 9 general provisions.
Provides oversight of quality, consistency, and governance of risk models and data. Lead a model validation team to ensure professional good practice standards of model risk management within the context of EBRD activities.
Develops, coordinates and delivers risk management information and intelligence about developments and prospective risks and exposures in the portfolio and deliver these in a timely manner to Senior Management, Board, rating agencies and auditors as required.
Provides adequate challenge to Treasury strategy and risk taking. Participate in the Asset Liability Committee as Committee member. Oversee regular risk compliance checks for Banking and Treasury portfolios and authorise excesses of Treasury portfolio concentration limits as appropriate.
Directs and holds responsibility for the risk system architecture and reporting of risk data from the IT systems and Risk Management System (RMS), the testing and validation of Treasury Front Office and Risk valuation models and the development of risk measurement methodologies.
Coordinate assessment of risks related to new Banking products, determine adequate approach and policies, and coordinate approval process.
Directly accountable for the engagement and effective overall management of departmental staff including recruitment, compensation, performance management, coaching and development.
Champions and role models the Bank’s Behavioural Competencies and Workplace Behaviours, ensuring adherence within the team(s) so that the highest standards of integrity and ethical conduct are exhibited at all times.

Knowledge, Skills, Experience & Qualifications

Understanding of the type of activities the EBRD engages in (in terms of clients, products, funding and processes).
Familiarity with data governance and portfolio analytics.
Extensive exposure to derivatives, obtained first-hand in either trading, sales, or risk management.
Demonstrated track record of strong people management experience, including in workforce and resource planning.
Extensive engagement in the finance industry with optimally a combination of model development, portfolio analytics, market risk management, and corporate banking.
Experience in data governance.
Exposure to risk management processes and governance across all aspects of Bank’s activities.
Quantitative modelling capability to provide oversight and challenge to the model development and model validation teams.
Strong analytic skills and interest in and ability to manage and work with data and come to clear conclusions and recommendations.
Ability to interface with Board members, senior management on technical matters using clear language.
Strong written and oral communication and presentation skills.
Strong partnership and influencing skills to enable positive engagement with stakeholders throughout the Bank and externally.
Excellent written and spoken English; other Bank languages a plus.
Experience designing, planning and delivering change, particularly related to implementing new ways of working.
Advanced degree in mathematics, sciences, economics, finance, or equivalent work experience.

What is it like to work at the EBRD? / About 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. We seek individuals who share these values and are committed to embedding them in their daily work, fostering a positive and high-performing environment.

The EBRD environment provides you with:

Varied, engaging work that involves collaboration with experts across financial, political, public and private sectors in the regions we invest in.
A culture that embraces inclusion and diversity, with a workforce reflecting diverse backgrounds and perspectives.
A hybrid workplace offering flexibility to teams and individuals, 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 wellbeing and provides a comprehensive benefits package.

Diversity is a core value at the Bank, and the EBRD seeks to ensure equal opportunities and an inclusive environment for all qualified candidates from member countries.

Equal Opportunity Notice

We are unable to provide detailed feedback to candidates who have not been shortlisted. Diversity is valued, and all qualified candidates are encouraged to apply regardless of background.

Seniority level