Senior Risk Associate

Компания "THE TURKIC INVESTMENT FUND"

Responsibilities:

• Enterprise Risk Management and Policy Framework Development

• Assist the Risk Manager in establishing and enhancing the Fund’s enterprise risk management framework across all risk categories, including credit and counterparty credit risks, market risk, liquidity risk, FX risk, ESG, and operational risk.
• Take a lead role in the drafting and implementation of risk-related policies, directives, procedures, and operational manuals, ensuring full alignment with industry standards and TIF’s strategic objectives.
• Support the development of capital adequacy, expected credit loss, stress testing, economic capital, and risk appetite frameworks, including modeling and quantification of physical and transition climate risks.

• Transaction Risk Assessment

• Act as a primary reviewer of financing and investment proposals, with particular emphasis on quantifying financial risks and identifying non-financial risks.
• Assess transaction structures and counterparties, analyze the key risks of each financing and investment proposal and advise transaction/project teams on risk mitigation measures and transactions’ terms and conditions enhancements (covering adequate risk-reward, tenor, security, covenants and condition precedents) in line with the Fund’s risk appetite and investment strategy, and via independent risk assessment memos (credit notes) the Management and Board level committees.
• Collaborate with the Investment, Finance, Treasury and Compliance teams to ensure that risks are properly integrated into due diligence and decision-making, including socio-economic impact assessment and screening for climate alignment and resilience. Appraise the validity and reliability of key assumptions of each proposal, including via involvement in the commissioning and review of independent due diligence outcomes.
• Support the integration of socio-economic impact and ESG-related risk factors into all underwriting, monitoring, and reporting processes. Contribute to the implementation of TIF’s socio-economic impact mandate and ESG Policy and ensure relevant disclosures align with international reporting standards.

• Risk Monitoring & Reporting

• Monitor risk exposures across the financing and treasury portfolios, including sectoral, geographic, credit, liquidity, market, and climate-related concentration risks, in alignment with the Fund’s Risk Appetite Statement.
• Contribute to periodic risk reporting to the General Director, Management and Board-level committees, and the Board of Directors, including IFRS 9-compliant expected credit loss analysis, liquidity and FX risk metrics, capital adequacy indicators, and dashboards covering key financial and non-financial risk indicators.
• Support the assessment of credit risk parameters (PD, LGD, EAD) and monitor portfolio staging in accordance with IFRS 9 and internal risk classification methodologies.
• Assist in monitoring, stress testing, and scenario analysis of market and liquidity risks inherent in treasury activities, including fixed-income investments, FX positions, and interbank placements.
• Contribute to the assessment of capital adequacy and solvency metrics, such as RWA, regulatory and economic capital, ensuring compliance with internal policies and rating agency expectations.
• Assist in the enhancement of early warning systems to identify emerging risks including deteriorating counterparty creditworthiness, liquidity gaps, market volatility, or breaches of capital and risk appetite thresholds.

• Advisory and Collaboration

• Provide proactive risk advisory services to business units, including input on structuring risk mitigation instruments, covenants, and climate adaptation/mitigation measures.
• Build productive relationships with Finance, Treasury, Compliance and Investment teams to ensure seamless risk data exchange, risk identification, risk measurement, and reporting.
• Be an agent of credit culture dissemination, including via active engagement with and on-the-job training (as relevant) on the enterprise-wide risk management framework to respective Investment, Finance, Treasury and Compliance teams.

Requirements:

• Bachelor’s degree in Finance, Risk Management, Economics, Statistics, or a related field.
• Professional certification such as FRM, CFA, PRM or an equivalent qualification, or a Master’s degree in a relevant field (e.g., finance, economics, risk management, or quantitative disciplines) is considered a strong asset.

Terms:

• Minimum 5–8 years of experience in risk management or asset-liability management functions within banks, financial institutions, multilateral development banks, consulting firms, or rating agencies.
• Demonstrable experience in credit and counterparty credit risks, or market risk is essential.
• Proven experience with Basel standards, EBA regulations, and IFRS 9, including capital adequacy, risk governance, and familiarity with rating agencies’ disclosure requirements.
• Experience in ESG risk integration into risk assessment and decision-making processes is an advantage.
• Experience in emerging markets, particularly in the Fund’s member states, is an advantage.