Head of Risk Management

Bulgarian Development Bank (BDB) is a distinguished credit institution, wholly owned by the Bulgarian state. Since its establishment in 1999, BDB has been dedicated to supporting small and medium-sized enterprises (SMEs). With a robust credit rating and a stable outlook from Fitch Ratings, BDB holds a prominent position among Bulgarian banks. Uniquely, BDB offers both direct financing and resources through other credit institutions.

At Bulgarian Development Bank we are driven by a clear mission: to provide financing and professional consulting that fuels the industrial growth of the Bulgarian economy. Through our comprehensive financial solutions and expert guidance, we empower businesses to thrive and contribute to the sustainable development of Bulgaria.

We are currently seeking an experienced and accomplished professional for the position of Head of Risk Management.

Your key responsibilities:

  • Lead and communicate all risk policies and processes within the organization.
  • Participate in the development of risk management strategies, influencing decisions related to significant risks, and providing comprehensive overviews of potential and existing risks.
  • Provide expert recommendations on risk management to the Supervisory Board, Management Board, and ALCO Committee, while supporting the Risk Management Committee's activities.
  • Actively identify and assess all business risks (credit, liquidity, interest rate, market, counterparty, and operational risks) and report findings appropriately.
  • Manage the process of identifying early warning signals for credit exposure deterioration, ensuring timely detection and implementation of measures to mitigate risks.
  • Regularly monitor the loan portfolio and ensure compliance with covenants agreed with third-party fund contributors.

Your qualifications and skills:

  • A university degree in Finance, Economics, or Business Administration. Professional certifications such as CFA, FRM, or PRM are highly advantageous.
  • A minimum of 5 years of experience in a similar role within the financial sector.
  • Profound knowledge of financial instruments, markets, asset valuation models, portfolio valuations, and risk assessment models.
  • Strong understanding of both national and international regulations related to the management of bank assets and liabilities.
  • In-depth knowledge of the European banking regulatory framework in risk assessment, including relevant regulations and EBA guidelines.
  • Exceptional quantitative and analytical skills.
  • Proven leadership and people management skills, with the ability to inspire and guide a team.

We offer in return:

  • The opportunity to grow and advance within a leading state-owned financial institution.
  • A role that extends beyond typical commercial banking, involving a broad range of financial products exclusive to the Bulgarian Development Bank group.
  • The chance to build meaningful relationships and develop innovative solutions for clients served by the BDB group.
  • A collaborative environment, with strong support from senior management and peer professionals.
  • Competitive remuneration and benefits package.

The position is on-site, based in Sofia, Bulgaria. Our office is comfortable and stylish, located in the heart of Sofia.

If you are interested in this exciting opportunity, please send your CV and cover letter to jobs@bdbank.bg.

Join us at BDB and be at the forefront of advancing our mission to support the growth of the Bulgarian economy.

Confidentiality is guaranteed and the personal data provided will be stored and processed in accordance with legal requirements. Your personal data will be used only for the purposes of selection and will be stored for 6 months after the end of the competition.


fixed-button-icon Кандидатствай fixed-button-icon Онлайн банкиране
Валутни курсове
Лихвени индекси
booster imager

Business Booster