Back Intern, Risk Management

Requisition ID 35314 Office Country United Kingdom Office City London Division Risk Management Contract Type Intern Contract Length 12 months Posting End Date 29/01/2025

Purpose of Job

The Internship that will consist of two c. 6-month rotations with two teams in Risk Management Department: Operational Risk Management and Equity Risk Management (Equity Funds/Financial Institutions sub-team) and will:

• Support the work of the respective team.
• The Intern will assist with a wide range of activities including some administrative tasks.
• The Intern will assist with the tasks assigned by the respective coverage area leads

  Risk Management is the Bank’s second line of defence, which is responsible for the independent verification, challenge, reporting and monitoring of the Bank’s key risks and mitigations.

  The Operational Risk Management team provides operational risk related support and challenge to departments and leadership teams across the Bank, as well as supporting the Risk Committee in discharging its accountabilities. The Bank is strengthening the embedding of operational risk in the organisation, and the role holder is expected to actively support the Operational Risk team in these activities.

  Equity Risk Management (Equity Funds/Financial Institutions sub-team) provides review, risk assessment, monitoring and fair valuations of the Bank’s projects financing banks, micro-finance organisations and non-banking financial institutions (insurance, leasing, stock exchanges and structured products). The products include equity, hybrid, deeply subordinated debt, securitisation.

  Accountabilities & Responsibilities

  Operational Risk team rotation: The role holder will work under the supervision of a team member within Operational Risk, which will vary depending on experience and relevant task. Overall accountability will reside with an Associate Director in the team. The role holder will be expected to assist on activities assigned, with key responsibilities that will include:

  📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

  ⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

  • Support the work of the Operational Risk team under the guidance of a team member, working with some business coverage areas.
  • Prepare reports & agenda for a weekly team meeting, assist with coordinating the meetings & activity follow up.
  • Help manage the network of Business Risk Champions; including changes, setup, changes to team structures, managing BRC communications and updates.
  • Assist with managing the operational risk system; new users, risk and control library reviews, RCSA maintenance, incident and issue mgmt controls, system changes.
  • Reporting and Risk Appetite; Assist in managing and developing reports to allow more streamlined analysis and provide dashboards to enhance monitoring of operational risks.

    Equity Risk Management team rotation: During the internship, the intern is expected to develop the necessary skills for general risk identification, credit and structuring skills across different Financial Institutions/Equity Funds subsectors and projects. In addition to the opportunity of learning on the job with exposure to a variety of projects, risk managers and Banking teams, the intern is expected to participate in internal risk training alongside other bankers on rotation in ERM, as well as external risk courses (Damodaran valuation course, Rating presentations, etc.) as appropriate.

    Specific tasks will include:

    • Provide analytical support and advise to Banking teams in credit review of new project proposals (Concept, Structure and Final Reviews).
    • Advice on valuation to Banking teams based on market benchmarks.
    • Learn to draft risk notes under the supervision of Risk Managers.
    • Attend meetings and discussions with bankers; participate in investment committee meetings (pre-Ops, Opscom and SBIC meetings).
    • Review and test financial projections, models assumptions, and sensitivities.
    • Review term sheets and legal documentation.
    • Become familiar with Operations Manual, Equity notes and Risk policy documents.
    • Become familiar with key sources for rating and pricing data to assist risk decisions.
    • Become familiar with equity valuation methods

      Knowledge, Skills, Experience & Qualification

      • Bachelor’s degree. Master’s degree or relevant experience is an advantage but not a requirement. Ability to understand and analyse financial statements is an essential requirement.
      • Ability to work effectively as a team member and to deadlines and under time pressure.
      • Strong written and spoken communication skills.
      • Strong attention to detail.
      • Strong Microsoft Office skills are critical, while strong technical skills more broadly are beneficial.

        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.

          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).