CEB job opening search engine

Director - Risk & Control (Chief Risk Officer)

General information

Reference number


Job details


Risk & Control Directorate

Term of contract

3-year (incl. 1-year probation)



Closing date



The Council of Europe Development Bank (CEB), established in 1956, is a multilateral development bank with a unique social mandate. The CEB works to strengthen social cohesion and build thriving communities in Europe by financing projects that promote inclusive growth, support vulnerable groups and bolster environmental sustainability.

The CEB is currently looking for an experienced leader, driven by the social mandate of the Bank, to head up its Risk & Control Directorate (R&C). R&C ensures risk mitigation and internal control to safeguard the CEB’s financial stability and guarantee its business continuity. R&C also monitors budgets and ensures accounting aligned with best practices to preserve the CEB’s creditworthiness and external ratings. The Directorate ensures financial reporting and control in liaison with the CEB’s Administrative Council, Governing Board, Auditing Board, as well as external auditors and credit rating agencies.

The successful candidate will lead and motivate a multicultural team of approximately 30 professionals. S/he will manage financial and operational risks and controlling activities as Chief Risk Officer of the CEB, also including budget and accounting, as well as relations with credit rating agencies and external auditors. The R&C Director will be a member of the senior management team and report directly to the Governor.

Main responsibilities:

  • Provide leadership and guidance to R&C staff members of the
    -   Financial Risks Division, which implements the CEB’s Financial and Risk Policy, managing all credit and market risks related to the loan and finance operations of the Bank;
    -   Accounting and Controlling Division which drafts the CEB’s annual Financial Report and handles financial forecasts and statements, the administrative budget, activity indicators and profitability analysis, credit rating agency relations and the CEB’s shareholder capital administration;
    -  Operational Risk Division which manages operational risks, maintains documentation of internal processes, coordinates business continuity management, the CEB’s internal control framework, data and archive management and liaises with external auditors and the Auditing Board.
  • Delegate responsibilities and supervise the work of the Heads of Division providing guidance on financial and human resource management and motivation to drive maximum performance.
  • Advise the Governor, executive bodies and internal committees on risk, control, budget and accounting matters, by participating in strategic working groups and in CEB management meetings.

Description (continued)

  • Manage and oversee the Directorate's activities and resources in close collaboration with other Directorates and actively contribute to strengthening the CEB’s culture of diversity and inclusion.
  • Represent the CEB at meetings and fora involving senior risk representatives.  Build strong networks and partnerships at the highest levels to ensure that the CEB remains at the forefront of the international debate and to contribute to the CEB’s brand image and growth.



Academic background:

  • An advanced university degree in business administration, finance or equivalent.


Professional background:

  • Demonstrated professional track record, spanning at least 15 years in banking and finance, and including at least 5 years of senior-level leadership and people management experience, with demonstrated positive results.
  • Previous experience from an International Financial Institution or an investment bank would be a definite advantage.
  • In-depth understanding of banking and financial issues, including risk management.
  • Excellent analytical and strategic thinking, including an ability to translate concepts and general policy orientation into concrete proposals.
  • Excellent capacity to develop and maintain an efficient professional network.
  • Excellent communication, interpersonal and presentation skills.


Language skills:

  • Excellent command of English and knowledge of French, both oral and written.
  • Knowledge of other CEB member country languages would be an asset.


Core competencies:

  • Leadership and team work: strong skills in building and leading teams and contribute to the cohesiveness of the Bank's senior management.
  • Innovation: proven capacity to translate creative ideas into strategies and plans for improvements.
  • Adaptability: demonstrated cultural, intellectual, and interpersonal flexibility.
  • Client and service orientation.
  • Result orientation: pragmatism and self-confidence, ability to make decisions in an autonomous and diplomatic way.
    Strong communication and presentation skills.


Job location


55 avenue Kleber 75116 Paris

Applicant criteria

Employment Conditions

  • The CEB offers an initial 3-year appointment (including a one-year probationary period), renewable.
  • Depending on level of experience, the basic salary starts between EUR 13 250 and EUR 14 500 per month. For more information, please consult the CEB Basic Salary Scale on the CEB website.
  • As an international organisation, CEB remuneration is exempt of income tax in France. In addition, our offer includes benefits based on the family situation, medical insurance as well as participation in the Bank’s pension scheme.
  • Conditions are established without any discrimination (including gender discrimination).

Recruitment Conditions

The CEB is committed to workplace gender equality and strives to ensure the recruitment of suitably qualified and experienced staff without regard to their gender, as well as their age, racial or ethnic origin, religion or beliefs, sexual orientation or identity, or disability.

The CEB holds an EDGE gender equality certification and is strongly committed to increase its share of female senior staff members. Hence, qualified female candidates are strongly encouraged to apply.

In order to minimise bias, our selection processes include steps such as digitally recorded interviews, written tests and interactive interviews. Please note that initial steps in the selection process will typically be conducted online (remotely).

Applications from CEB member country candidates should be made in English or French using the Bank's online application platform ( before the deadline of 29/05/2022 midnight Paris time.