Principal I, CFMD

Purpose of Job

The Principal I 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 Teams 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 new capital and financial market products preparation and deployment within the bank policy dialogue activities ensuring coordination with banking OLs in the origination and structuring of FI and other sectors projects with policy components leveraging transactions to develop and support capacity to implement relevant sectoral regulatory frameworks. The role entails collaboration with economists in the Impact / Partnership pillar to raise the TI ambition of projects as needed. The role reports to the Associate Director Head of Capital Market Products CFMD.

We are looking for a versatile financial and capital market professional who has worked across a range of capital-market instruments with proven ability to engage directly with issuers intermediaries and investors. The role will support the banks effort to expand the range and depth of our capital market activities in our countries of operations. Given the close connection to our ongoing efforts to modernise capital market infrastructure in our countries of operations hands-on experience within a stock exchange or similar market institution will be a plus.

Accountabilities & Responsibilities

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 EBRDs 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 and other sectors projects with policy components working with the Impact pillar to enhance the TI ambition as appropriate;
Liaise with EBRDs Treasury Department to strengthen synergies between CFMD activities and EBRDs 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.

Policy dialogue:
Design manage and lead dialogue with relevant stakeholders to promote capital market development with a view to developing long-term relationships and becoming a trusted adviser these could include policy dialogue to ensure high quality and resilience of capital market infrastructure improving the governance of state-owned financial institutions as well as advancing a wide range of 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 EBRDs contribution to financial sector 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 environments conducive to capital market activities.

Research and analytical work:
Prepare review and oversee the production of high-quality analytical reports and policy notes that adequately analyse/reflect capital market development issues with particular emphasis on the areas of their teams expertise.

Knowledge Skills Experience & Qualifications

Postgraduate degree in Business Finance Economics Accounting or related fields.
Hands-on experience working with a wide range of financial and/or capital market products including debt equity and derivatives;
Experience in local currency and capital market product design including funding and hedging and derivative market development;
Experience in a global or local stock exchange or similar provider of capital market infrastructure is a plus;
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 EBRDs countries of operations; 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;
Previous experience in an investment bank an asset management firm or a stock exchange/other market infrastructure provider would be a plus;
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 / 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).