Associate Trader Portfolio Management, EMEA
Associate Trader Portfolio Management, EMEA
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Job Description
Purpose of Job
The Associate Portfolio Management EMEA is a junior financial markets person who is responsible under supervision and guidance of the Director or the Associate Director for assisting the development of the Banks local currency financing capacity and the management of financial risks in designated currencies.
In the most developed markets role will mainly focus on the management of the Banks market and structural risk in FX and interest rates as well as the liquidity and funding exposures within the constraints of managing a mark-to-market book with P&L targets.
Given the underdeveloped nature of most local currency markets in which the Bank operates the role goes well beyond managing local currency financial and market risks. Under the guidance of the Director or the Associate Director the role also involves helping:
- develop further both the internal and external framework to expand the Banks capacity to manage local currency market risks and offer local currency products meeting clients demand.
- provide specialised financial guidance on what loan and bond features the Bank can offer to its clients in each local currency.
Accountabilities & Responsibilities
The Associate Portfolio Management EMEA is expected to perform the following duties under supervision and guidance from the Director and other team members:
- The management and provision of liquidity in support of the Banks local currency lending activities. Crucially this risk comprises both the market risks and the liquidity / cash management risks of the Bank. It is the function of the desk to manage these risks and where relevant run its own risk in pursuit of its P&L targets.
- Defining designing and improving local currency loan and bond features that can be offered to clients ensuring they meet as closely as possible demand in each market.
- Developing further both the internal and external framework to expand the Banks capacity to manage local currency market risks and offer local currency products meeting clients demand. Developing the external framework requires policy dialogue with domestic authorities (mainly central banks) and stakeholders to develop new products or enhance domestic markets.
To manage and develop EBRD capacity to offer local currency financing to the Banks clients:
- Help to manage and analyse the risks for their currencies and prepare any daily and ad-hoc reports as required particular focus is likely to be given to the risks associated with cash management so that the Associate can begin to understand the mechanics of their markets.
- Understand and learn about the investment strategies implemented on the desk.
- Help in the tracking of all relevant developments in their own market
- Help expanding the framework necessary to manage the local currency funding and lending books. This will imply negotiating legal agreements and seeking necessary approvals so that EBRD can be in a position to access domestic markets.
- Manage and develop local currency financing capacity to support banking activity and meeting the P&L target set for a specific set of currencies and/or;
- Begin to develop their own relationships with both international and domestic market counterparties.
- Develop relationships internally with all relevant departments to facilitate and improve business
Knowledge Skills Experience & Qualifications
- Prior financial markets experience ideally in a major financial institution in particular covering SSA region.
- An established knowledge of interest rate & FX markets their dynamics and inter-linkages preferably gained via trading / execution or a Treasury role is desirable.
- 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.
- Strong analytical skills and ability to interpret macro-economic and financial information.
- Ability to help find and secure donor funding and previous experience with managing TC projects and donor funding is a plus.
- Strong technical skills in the use of all relevant systems: Bloomberg Excel (some VBA) Summit Reuters dealing & Eikon Powerpoint Outlook and other systems as relevant.
- Bachelors degree. Masters degree desirable but not required.
- Strong English and French reading writing and comprehension skills are required.
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 peoples 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.
Diversity is one of the Banks 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).
Required Experience:
IC
Employment Type
Temp
