Description:
The purpose of the role in the Liquidity and Collateral Risk Management team, is to support the analysis, monitoring, measuring and reporting of financial risks and contribute to, and provide, financial risk briefings and advice to help achieve the Division’s financial risk management objectives. The role includes a key focus on monetary policy collateral and the oversight and implementation of the relevant Eurosystem risk control frameworks and related obligations for the Central Bank. The role also requires the role holder to support Divisional Management in their engagement with internal and external stakeholders, with detailed and well considered analysis and high quality briefings on financial risk related issues so they are adequately informed of relevant issues and are able to effectively participate in relevant discussions at various fora.
- Conduct monitoring and assessment of monetary policy counterparty and collateral risks to the CBI's balance sheet arising from the implementation of monetary policy, in order to contribute to the making of policy recommendations to ensure risks lie within the Bank's risk tolerance.
- Conduct key tasks linked to the risk management of Eurosystem monetary policy implementation, including fulfilment of the CBI’s requirements under the Eurosystem Credit Assessment Framework (ECAF), as well as internal obligations in respect of the CBI’s Special Mortgage Backed Promissory Note (SMBPN) Framework Agreement.
- Deliver presentations, analysis and recommendations to the Financial Risk Working Group, Risk Management Committee and Commission Risk Committee, as required, to inform internal senior management and stakeholders of the Bank’s and the Eurosystem's risk profile.
- Engage effectively with both internal stakeholders (i.e. the financial operations directorate, relevant supervisory areas, legal division) and external stakeholders (i.e. ECB and monetary policy counterparties) to ensure the ORD risk perspective is fully informed and is articulated clearly.
- Monitor, analyse and brief divisional and senior Central Bank management on, Eurosystem Risk Management Committee and substructure documentation on a relevant topic basis and liaise with experts in other relevant teams and divisions to as needed. Represent the Central Bank at relevant internal and/or Eurosystem risk management working groups/taskforces and ensure the division’s views are represented effectively in these fora, while delivering effective and relevant contributions to risk management policy formulation.
- A minimum requirement is a degree in a relevant discipline such as Business, Finance, Economics, Law. A masters degree in a quantitative discipline such as Finance, Economics, Maths and/or an industry qualification such as CFA/PRMIA would be beneficial.
- Relevant economics, policy or financial risk experience.
- Knowledge of Eurosystem's monetary policy, collateral and risk control frameworks and an understanding of the risk management of monetary policy operations within a Central Bank. Financial risk management experience in investment management, credit, market risk and/or structured finance.
- Good analytical and communications skills are required, the role holder is expected to communicate complex information in a straightforward manner, and to influence other stakeholders using a risk perspective.
- Knowledge of risk measurement techniques and experience with applications such as R and SQL would be beneficial.