Managing Director (Environment & Sustainability)

European Bank for Reconstruction and Development (EBRD)

London, United Kingdom 🇬🇧

The Managing Director, Environment & Sustainability (MD) is responsible for the delivery of the Bank’s commitments to promote environment and sustainable development in all its activities as enunciated in the Articles Establishing the Bank and the commitments of the environmental and social policy. It includes senior Bank leadership of the NDEP and E5P Environmental Fund Management. This major role is to mitigate and minimise reputational impacts of environmental and social issues associated with the entire Bank’s investments, operations and TC activities, catalyse new environmental and social activities/benefits and deliver policy dialogue in support of the Bank’s objectives as they relate to environmental and social issues.

The role is centred around a key responsibility as 2nd line of defence (2LOD) in respect of the green and sustainability themes.  These include the Paris Alignment, the Green Economies in Transition (GET), related MRV (monitoring, reporting and verification as part of the GET Clearing House), Task Force for Climate Related Financial Disclosure (TCFD) and related data collection, analysis and reporting, and Task Force for Nature Related Financial Disclosure (TNFD).

The Environment & Sustainability Department (ESD) is responsible for the appraisal, execution and implementation of investment projects and operations are in line with the three EBRD Governance policies (the Environmental and Social Policy (ESP), the Access to Information Policy (AIP), and the Project Accountability Policy (PAP) of the Independent Project Accountability Mechanism (IPAM)) operational principles and transition mandate (400 plus investments per annum plus portfolio monitoring). The MD, advises the Board/Capitals, Executive Committee, Operations Committee, Risk Committe and the Strategy & Policy Committee and other internal stakeholders on key environmental and social impacts of the Bank’s investment activities and the steps taken to mitigate or alleviate them.

This includes negotiating specific client conditionalities on projects, providing policy guidance to COOs and working with external stakeholders such as CSOs. In addition, the MD is the Senior Bank representative (Chair of Steering Committees) for the Northern Dimension Environmental Partnership (NDEP: 180million Euro investment grant fund) and also the Eastern Europe Energy Efficiency and Environment Partnership (E5P: 240million Euro investment grant fund) and responsible (as per the AEB) for reporting on all Sustainability matters to all stakeholders (Sustainability Report, Global Reporting Initiative (GRI) disclosure), which are the flagship publications of the Bank on environmental and social matters, as well as key contribution to the TCFD reports.

The role interacts with capitals, the Board of Directors, the President and all of the Executive committee, all the Bank’s management committees as well as leaders of teams across the institution as well as external stakeholders such as Civil Society Organisations, media, academia and peers in other MFIs/UN agencies. In addition, the Environmental  Funds management leadership role has direct interaction with the EU, Ministry of Finance (Russia, Sweden, Germany and other capitals) as well as senior officials from EIB, CEDB, NIB, NEFCO and KfW.

Accountabilities & Responsibilities

  • Developing the five year policy frameworks for environmental and social issues under which the institution can operate.
  • Develop appropriate business process models in order for the team to deal with the diverse sector and geographic complexities of investment projects.
  • Direct a complex range of functions/ technical expertise for project appraisal, oversight, and fund management.
  • Overall accountability for ESD’s input to the Bank’s GET approach, aligned to the Bank’s overall strategy and Chair the GET Clearing House.
  • Key 2LOD role in relation to GET, Paris Alignment and TCFD.
  • Lead and oversee the production of EBRD’s annual Sustainability Report and present at the Annual Meeting.
  • Provide leadership and vision to the team and be responsible for all aspects of managing, supporting and developing the team to deliver the team strategy and objectives.
  • To inform the Board on high risk issues so that complex technical information can be communicated which can be relied upon.
  • Protect the Institution from major reputational damage, while allowing the Bank to work on complex challenging projects, in collaboration with IPAM and the CSO Unit (VP3).
  • Manage the prime interface role between Management and the IPAM function (which reports to the Board).
  • Manage the financial and diverse technical resources of ESD so that an effective support/compliance function can operate in tandem.
  • Incubate new activities such as climate change adaptation/road safety which can be used to develop new banking products and enhance transition.
  • Carry out high level problem solving on unique high risk challenging projects and determine the optimal outcome using professional judgement and experience.
  • Provide effective leadership in the development of best practice in reviewing gaps and providing solutions.
  • Promote a partnership approach to ensure effective co-operation and working relationships between ESD and other departments in the Bank.  Maintain external network to ensure that EBRD is aligned with the market practice.
  • Being part of the Senior Management team of the Bank, the ESD Managing Director contributes effectively in shaping the Bank’s strategy and engages in wider Bank initiatives. The ESD Managing Director also educates and aligns individuals in the team with the Bank’s work, decisions and objectives.  
  • Accountable for the engagement and effective overall management of relevant staff including recruitment, compensation (as agreed with the Head of Department, if applicable), performance management, coaching and development.
  • Champion and role model the Bank’s Behavioural Competencies and Corporate Behaviours, ensuring adherence within the team(s) so that the highest standards of integrity and ethical conduct are exhibited at all times.

Knowledge & Experience

  • Extensive practical project-based experience – gained either in another IFI, commercial sector or ideally, through the combination of both – of environmental and social issues in all the sectors in which the Bank invests or is involved in.
  • Strong academic background to at least Masters level of the environmental and/or social sciences.
  • Proven track record of ability to formulate strategy and policy objectives successfully.
  • Proven track record of directing large complex programmes and projects successfully.
  • Ability to communicate complex technical environmental and/or social issues to a wide range of internal (Board, Excom, IPAM etc) and external stakeholders (CSOs, media, capitals etc).
  • Ability to use significant professional judgement based on extensive practical experience.
  • Ability to devise creative solutions to problem solving on projects, fund management and policy.
  • Strong partnership skills to enable positive engagement with teams throughout the Bank and contribute to the cohesiveness of the Bank’s senior management.
  • Excellent leadership, management and communication skills combined with an ability to motivate professionals to deliver business objectives effectively in a multi-cultural, results oriented organisation

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.

Please note that we are working with Russell Reynolds Associates, 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 please contact [email protected]

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POSITION TYPE

ORGANIZATION TYPE

EXPERIENCE-LEVEL

DEGREE REQUIRED