Requisition ID
18924
Office Country
United Kingdom
Office City
London
Division
VP, Policy and Partnerships
Dept. / Bus. Group
VP, Policy and Partnerships
Business Unit: Capital Markets Development
Contract Type
Regular
Contract Length
Posting End Date
03/12/2020
Purpose of Job
Successful candidate will join the Capital Market Development team's product pillar and will be expected to provide banking product development support, policy advisory and related TC management in a range of capital market areas, including debt, equity and fund management. In particular, they would need to contribute to supporting development of new asset classes expected to be needed in the Bank's countries of operation following the pandemic (for example, SME equity funds, securitisation products and other forms of structured finance, ESG-compliant products). They would also be expected to contribute to developing approaches to portfolio modelling and valuation in conjunction with the Bank's banking and credit teams
Accountabilities & Responsibilities
Diagnostic and analytical work:
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Produce high quality analytical reports that adequately analyse capital market development issues such as the current state of local financial and capital markets in terms of institutions, market infrastructure and the regulatory environment and use these reports to assess the level of development of COOs and target CMD's activities accordingly, in terms of prioritisation of policy reforms, the Bank's advisory activities and product offering;
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Maintain and regularly update the team's diagnostic assessments and country and product policy/operational briefs reflecting strategic priorities in the local capital market development area and ensure that the strategic priorities are properly reflected in the Bank's country and other relevant sector strategies.
Policy dialogue:
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Build consensus on the recommendations arising from the country diagnostics and needs assessments and establish appropriate next steps for EBRD's contribution to capital market development in specific countries;
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Design, manage and conduct policy dialogue with relevant stakeholders to promote capital market development (including in local currency)and with a view to developing long term relationships and becoming a trusted adviser;
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Assess and follow up on financial market development needs of and reforms in EBRD CoOs to achieve more sustainable domestic capital markets;
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Establish buy-in from key stakeholders (e.g. government authorities, central banks, regulators, IFIs and other market participants) on the importance of developing more efficient and sustainable financial systems;
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Ensure that development activities are coordinated across a wide range of topics and stakeholders, such that comparative advantages and funding sources are fully utilised.
Transaction design and support:
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Identify and proactively guide the EBRD Banking and Treasury teams towards development opportunities, based on country diagnostics, to ensure transactions are aligned with relevant policy recommendations and market development priorities;
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Assist the EBRD's Banking Department: in designing specific banking transactions with LCY or capital market relevance to maximise the capital market development impact of EBRD investments;
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Liaise with EBRD's Treasury Department: to strengthen synergies between CMD activities and EBRD's own treasury operations;
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Lead the team's relations with specific other teams within the Bank or external stakeholders with the view to ensuring consistent and sustained contribution of the LC2 team to operational delivery, product development and policy dialogue;
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Design, manage and coordinate TC projects with internal and external counterparts to support reforms or specific transactions.
Capacity building:
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Liaise with other CMD Team members to raise awareness of the CMD's strategy and priorities including participation in relevant conferences, workshops and seminars and preparation of relevant EBRD publications and to ensure knowledge gained from various CMD activities is stored in an organised manner and disseminated effectively across the EBRD;
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Lead organisation of workshops and seminars on specific topics relating to the CMD priorities to enhance internal and external knowledge of the topic;
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Monitor, review and give feedback to junior members of CMD Team checking for accuracy and quality of work.
Technical Cooperation (TC) projects:
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Design, develop and manage TC projects involving external consultants, including setting appropriate success indicators for TC that ensure projects are effectively contributing to the policy priorities recommendations identified and are well aligned with relevant country strategies and the wider strategic priorities for the Bank (including in the areas of sustainable finance, innovation and inclusion);
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Oversee the selection and performance of external consultants to ensure that they provide quality service and value for money.
Qualifications & Skills / Experience & Knowledge
Academic qualifications:
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Degree in Finance, Economics, Law, Accounting or related field.
Experience:
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Prior experience of financial markets, including sufficient post-graduate work experience in financial markets, as well as specific knowledge of how capital markets operate and how capital market development should be sequenced in emerging markets;
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Prior policy experience, including sufficient post-graduate work experience in capital markets development and/or regulation, would be beneficial;
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Ability to work across organisational boundaries; must be able to foster collaboration among different business units; previous experience of consensus building to achieve a common objective in an environment with competing interests would be very beneficial;
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Comfortable operating in a multi-cultural environment and with an interest and motivation for the Bank's mission.
Technical skills:
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Strong writing and presentation skills. Previous experience producing policy notes, assessment reports and thematic reports in International Financial Institutions, think-tanks, consultant firms or other international organisations with a development mandate is highly desirable;
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Strong analytical mind and research skills: must be able to undertake multiple and wide ranging tasks concurrently; ability to deliver quality outputs within often tight deadlines; prior experience organising conferences, seminars, workshops, etc. would be a plus;
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Strong organisational skills: must be able to undertake multiple and wide ranging tasks concurrently; ability to deliver quality outputs within often tight deadlines; prior experience organising conferences, seminars, workshops, etc. would be a plus.
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Ability to design, manage and execute technical cooperation projects, including preparation of budget and management of consultants and their work;
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Ability to engage in policy dialogue with various stakeholders including government entities – this entails good interpersonal, organisational, diplomatic and presentation skills.
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.
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