Requisition ID 33779 Office Country United Kingdom Office City London Division Finance Group Contract Type Fixed Term Contract Length 4 years Posting End Date 31/08/2023
Role Overview
The Vice President and Chief Financial Officer (CFO) leads the Finance functions and reports directly to the President of the European Bank for Reconstruction and Development. This is a key role which is part of the corporate leadership of EBRD and it will lead the strategic financial management of the Bank.
The Vice President and CFO has overall responsibility for the formulation, communication and implementation of the Bank’s strategy and policies for the financial and capital management of the Bank. The VP, CFO leads and manages the Finance Vice Presidency, with the Managing Director, Finance, Managing Director, Treasurer, Managing Director, Operations and Service Management and Director, Debt Mobilisation reporting to the VP, CFO.
Key Responsibilities and accountabilities:
The VP, CFO has overall responsibility and accountability for the following:
- Sustainable financial and capital management of the Bank with overall responsibility for the Bank’s financial strategy and policy including the Bank’s prudential risk, provisioning and capital and financial policies, strategic risk and capital management initiatives, management of the Bank’s budget and coordination of Bank-wide resource allocation and the Bank’s relationship with rating agencies.
- Management of financial and business planning for the Bank.
- Supervising raising of short and long term funding, liquidity portfolio, balance sheet, market and liquidity risks; and provision of treasury advice on the development of local capital markets; financial sustainability and profitability of the Bank.
- Managing the delivery of expanding private capital mobilisation in the countries of operation including co-financing and provision of products and initiatives promoting mobilisation.
- Leading activities across Finance, Treasury, Debt mobilisation, and Operations and Service Management.
- The formulation, communication and implementation of the Bank’s Strategy and Policies for the Finance Vice Presidency.
The VP, CFO’s responsibility for financial controls carried out in connection with the management of operational risks is shared with the Vice President Risk and Compliance, Chief Risk Officer.
The VP, CFO is a member of the Executive Committee, the Operations Committee and other leadership fora. The VP, CFO is Chair of the Asset and Liability Committee. In addition, the VP, CFO will chair or be a member of other committees for matters falling in the VP, CFO areas of responsibility.
The Vice President and CFO is also responsible for:
- Effective leadership, motivation and management of the staff in the Vice Presidency to deliver on annual and strategic objectives to the highest possible service standards.
- Providing advice and guidance on all matters pertaining to the Finance Department to the Executive Committee and relevant leadership fora and may be asked to assume additional specific responsibilities.
- Reporting upon financial matters to the Board of Directors, as necessary
- Developing, supporting and implementing resourcing strategies aligned to the overall Bank transition mandate.
- Actively contributing, as part of the Executive Committee, to the leadership of the EBRD’s continuous improvement programme aimed at consistently developing and strengthening organisational performance.
- Maintaining, within his/her extensive international network and together with his/her direct reports, highly respected and collaborative relationships at the most senior levels in counterparty international institutions in order to remain apprised of global best practice in Treasury, Financial, Capital and Budget Management.
- Identifying with diversity as a strategic imperative and, with senior management colleagues, promoting the value of diversity throughout the organisation.
- Assisting the President in her role by representing the Bank in high level external business and political fora.
Internal Committees:
The Vice President and CFO is a member of EBRD’s Executive Committee, chairs the Asset and Liability Management Committee (ALCom), and the Retirement Plan Investment Committee (RPIC). Participates in the Crisis Management Team. The Vice President and CFO is also represented on the Operations Committee, in addition to other committees.
Essential Skills, Experience & Qualifications
Business Expertise
- A proven professional track record in Financial & Treasury management as well as extensive knowledge and relevant experience in capital markets, emerging markets in particular, gained in the commercial or public sector.
- A profound understanding of international accounting standards and Bank regulation.
- A good understanding of the EBRD’s mandate and its implications for the contribution of the work of the Vice Presidency to the Bank’s overall delivery.
- Extensive international experience and contacts in the financial and business community, and a capacity to develop and maintain relationships with senior officials in the public and private sector.
- Highly developed negotiation skills proven to yield positive outcomes with senior counterparts, both internal and external.
- Strong general business acumen.
Leadership
- Proven track record as an inspirational leader of large teams.
- Demonstrable corporate behaviour and track record in being part of a cohesive executive leadership team, encompassing experience of change management.
- Strong partnership skills to enable positive engagement and contribution to the Executive Committee, and other senior management committees, to contribute to the cohesiveness of the Bank's senior management and its drive behind the EBRD’s continuous improvement programme.
Strategic Thinking
- Highly developed strategic thinking skills allied to an ability to translate markets, concepts and general policy direction into workable and sustainable long-term strategies.
Management
- Strong leadership, management and communication skills combined with an ability to motivate highly skilled senior professionals to deliver business objectives effectively in a results oriented organisation.
- Ability to guide staff to focus on continuous improvement and effectively inspire a collective sense of achievement.
Personal Attributes
- An individual with strong personal integrity and a commitment to highest ethical standards.
- Strong interpersonal skills and an ability to build positive relationships by promoting co- operation.
- Knowledge of a language or languages of Bank member countries, in addition to English, would be desirable.
- Commitment to serve a full four year term.
This scope of this role is dynamic and is not limited to responsibilities set out above. It may evolve over time and as a result of further organisation reviews.
Please note that we are working with an external search firm SRI Executive in the recruitment for this position. By applying for this position, you are consenting to your details being shared with a third party. If you have any queries in relation to this please contact EBRD-VP-CFO@sri-executive.com.
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.