Requisition ID 28347 Office Country United Kingdom Office City London Division Policy and Partnerships Contract Type Regular Contract Length
Purpose of Job
The Principal Economist for Impact, SIG, is part of the Impact department and plays a core role in implementing the Bank’s mandate to promote transition in the EBRD’s countries of operations. Working in close cooperation with the Banking department and other Bank groups, the post holder implements the Bank’s transition impact architecture in sustainable infrastructure, with a focus on energy and mining projects. In coordination with the Analytics & Results team in the Impact department, the post holder assists in running an integrated system of ex-ante assessment, monitoring, self-evaluation and knowledge management to maximise the impact of the Bank’s activities and ensure a compelling and credible communication of that impact.
Accountabilities and Responsibilities
In line with the Bank’s Transition mandate, appraises and monitors investment projects and Technical Cooperation assignments for their impact on transition and monitors the energy and mining sector portfolio for transition performance;
Part of the team responsible for the delivery of the weekly project review for the Operations Committee and other project and sector related committees, such as Small Business and Equity Committee.
Accountable in their area of sector responsibility -focus on energy and mining projects- for ex ante transition ratings (called ETI) and ex post monitoring of transition impact (called PTI) benchmarks, covering projects in different committees, and their transition-related technical cooperation dossiers, including policy activities.
Contributes to the assessment of sector transition gaps for the annual Assessment of Transition Qualities, with a focus on energy security and resilience of energy markets, as well as decarbonisation agenda of the energy sector in EBRD countries;
Responsible for associated input into management briefing for Board and other Committee meetings, including Board Directors Questions (DAQs) responses and, on occasion, bespoke papers, presentations or other inputs;
Provides support to the Associate Director(s), Impact, SIG, on sector as well as cross-cutting issues, like the development of the transition impact methodology, analytical reports towards better communication on the Sustainable Development Goals and the global development agenda;
In coordination with the Analytics & Results team in the Impact department, assists in designing and running an integrated system of ex-ante assessment, monitoring, self-evaluation and knowledge management to maximise the impact of the Bank’s activities and ensure a compelling and credible communication of that impact.
On occasion represents the Bank at sector/impact level and contributes technical input to relevant fora (conferences, dialogues with International Financial Institution counterparts, think tanks, etc.) to develop and spread best practices;
May be directly accountable for the engagement and effective overall management of 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, Skills, Experience & Qualifications
A postgraduate degree in economics or related field from a leading university. A PhD in economics or closely related discipline is an advantage;
Demonstrated energy sector knowledge and over 5 years of work experience in the energy sector gained through full-time employment in a relevant energy company, government institution, consultancy, think tank, international organisation or academia. Expertise on energy markets structure and/or non-renewable energy investments is a strong advantage;
Experience in project design and appraisal, knowledge of Impact assessment principles, SDGs and ESG;
Proven analytical and quantitative skills;
An ability to understand credit analysis of investment projects;