Managing Director, Treasurer

Purpose of Job

The MD, Treasurer is responsible for the raising of all funding for the Bank, the management of the liquidity portfolio of the Bank, the development of local currency lending capacity, its related market building work and the management of the financial risks affecting the balance sheet of the Bank. The management of the Treasury function is managed under delegated authority by the Board and the Vice President CFO and the Vice President CRO by the MD, Treasurer.

Background

The Treasury department has six main functions:

• Raise the liquidity needed to secure the Banks’ ability to actualise its business plan.
• Manage the capital and liquidity of the Bank.
• Provide ‘product’ to the Banking department in a form that is required by the Bank’s external clients.
• Help develop the local financial systems in the Banks Countries of Operation
• Manage the financial risks of the Bank’s balance sheet as incurred in the execution of the Bank’s business.
• Be the interface between the Bank and all financial markets.

The Treasury department operates under a delegated authority as approved by the Board and further guidelines issued by the Vice President CFO and the Vice President CRO, with regards to instruments and risk appetite. The size of its activities is directly linked to the Bank’s business plan through the Liquidity Policy of the Bank.

Accountabilities and Responsibilities

The MD Treasurer is responsible for supporting the successful execution of the Bank’s Strategic Implementation Plan (SIP). This means in detail:

• To formulate the annual business plan and to secure the resourcing required to meet it
• To define and execute the long-term borrowing programme as approved by the Board of Directors
• To ensure the Bank’s financial sustainability through a sound liquidity management in line with the Bank’s risk appetite taking into account the assessment criteria by credit rating agencies with the objective of maintaining the triple A rating.
• To manage the financial risks of the Bank’s balance sheet within approved risk limits, while achieving the annual revenue target as outlined in the SIP.
• In order to be able to provide local currency loans in the form clients want Treasury will need to run cashflow mismatch risk. This will need to be managed within set limits and Treasury is expected to engage in policy dialogue to improve the functioning of the local markets. The Treasurer will take a leading role in this.
• To provide high quality and consistent advice to the Banking department for the financial structuring of capital market related instruments, advice choice of currency and type of interest rate mechanism and the provision of pricing input garnered from market sources in order to support Banking Operations in providing the best service to its clients in line with the Bank’s mandate.
• To create and maintain liquidity and products in currencies, maturities and interest rate risk profiles that are important for the Bank’s clients.
• To maintain relationships with all major financial market counterparties, major investors’ in the Bank’s bonds and relationships with Central bank partners in order for the Bank to have access to key financial players which it requires for the achievement of the Bank’s Treasury objectives.
• To represent Treasury at the most senior levels, to ensure the outputs of Treasury are recognised and aligned with the overall strategy of the Bank, covering the network of MDBs and DFIs, industry associations and forums, central banks and on government level.
• To drive EBRD’s strategic agenda as outlined in the 5-year Strategic Capital Framework with special focus on local currency findings and MDB collaboration.
• To foster and maintain strong governance and risk culture within the Bank.
• To drive and support the Bank’s transformation agenda with regard to automation, efficiencies and cross-functional collaboration
• To demonstrate people leadership in line with the Bank’s agenda covering objective setting, career planning, mobility, talent development and diversity & inclusion as well as strategic workforce planning
• To champion and role model the Bank’s Workplace Behaviours, ensuring adherence within the department so that the highest standards of integrity and ethical conduct are exhibited at all times (as a member of the Bank’s Senior Leadership Group (SLG))
• To lead by example and promote a partnership approach to ensure effective co-operation, collaboration and working relationships between Treasury and other departments in the Bank.

Knowledge, Skills, Experience & Qualifications

• Deep understanding of financial markets and the factors that drive their behaviour.
• Deep understanding of the functioning of Emerging market financial systems
• Deep understanding of all financial instruments
• Strong understanding of the accounting methods used for Treasury assets and liabilities.
• Good understanding of risk management concepts and frameworks
• Experience of running a Treasury or portfolio management function
• Masters degree or equivalent experience in Finance, Economics or other relevant subjects.
• An extensive track record of successfully building and leading diverse teams, setting a vision, developing and managing talent and driving engagement.

This is a 4 year term appointment.

Please note that we are working with an external search firm in the recruitment for this position. By applying for this position you are consenting to your details being shared with this third party. If you have any queries in relation to this role, please submit enquiries to and mention “EBRD Treasurer ” in the email subject line.

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 people’s 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 Bank’s 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).

Right to Work in the UK: Swiss nationals (and all other non-UK employees) can work in the UK without a Visa – working at the EBRD gives all employees “exempt status”. The Bank however encourages all non-UK employees to obtain an Exempt Vignette (EV) prior to relocating to the UK, as without an EV you may face more questions at Border Control and when required to show evidence of their exempt status when renting accommodation under the Right to Rent legislation. The application process may take 3 – 4 weeks approx. outside of the UK.

How cinfo Can Support You in the Application Process for This Position

• Application and Interview Preparation: Whether you’re preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.
• For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at recruitment@cinfo.ch, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.

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