Officer, Operational Risk Department (DOR)
Ref.No: 147 Division/Department: Operational Risk (DOR) Position Type: Professional Job Posted:
Closing Date:
Post Location: Thessaloniki, Greece Appointment Type: Three-year fixed-term appointment (internal candidates holding open-ended appointments will retain their status if they apply)
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Position Purpose

The Officer, Operational Risk Department (DOR) provides analytical, documentation, monitoring, and coordination support across all areas of the Department’s work. Under the supervision of the Director DOR, the Officer contributes to the effective implementation and maintenance of the Bank’s operational risk management practices, including Enterprise Risk Management (ERM) and Internal Controls over Financial Reporting (ICoFR)—while ensuring the quality, accuracy, and timeliness of departmental outputs.

 

Key Functions and Responsibilities 

  • Support the implementation and maintenance of the Bank’s Enterprise Risk Management (ERM) framework and Internal Controls over Financial Reporting (ICoFR) by contributing to process documentation, control identification, testing support, evidence collection, and follow‑up on corrective actions.
  • Support the implementation and ongoing operation of the Bank’s Operational Risk Management Framework (ORMF), including the collection, maintenance, and analysis of operational risk data, monitoring of key risk areas, and preparation of internal reports.
  • Contribute to fraud risk management and ICT risk management activities through documentation, monitoring, coordination with internal stakeholders, and support for related assessments and reporting.
  • Assist in the administration of the Bank’s corporate liability insurance arrangements, including documentation management, data coordination, and support for renewal and reporting processes.
  • Provide administrative, documentation, and coordination support for operational risk–related activities, including maintaining departmental records, preparing working materials, and supporting meetings, workshops, and awareness initiatives.

 

Core Competencies:

Professionalism: maintains a level of expertise and professional knowledge commensurate with the respective position and job description, 

Results orientation: demonstrates ability for achieving results against an internal or external standard of excellence.

Communication and interaction with impact: Transfers efficiently and effectively information and messages, wields effective tactics for persuasion.

Client/stakeholder orientation – ensures appropriate service of high standard to internal and/or external customers and develops constructive and sustainable business/ customer relationships.

Teamwork: effectively cooperates with others aiming at the achievement of team objectives.

Cultural sensitivity/diversity: supports and promotes an environment that holds opportunities for all, regardless of race, gender, culture and age.

Integrity: maintains standards of objectivity, independence and discretion. Behaves ethically and in consistency with institutional core values.

Accountability: exhibits a strong sense of responsibility for one’s work and resulting consequences.

Innovation and change: is open to and applies novel ideas and thinking to improve processes, methods, systems or services.  Accepts and adapts to changes. 

Critical thinking: clarifies goals, examines assumptions, evaluates evidence, accomplishes actions, and assesses conclusions.

 

Required Qualifications

Education

Bachelor’s degree (first university degree) in economics, finance, accounting, business administration, internal auditing, risk management, or another relevant field or a bachelor’s degree in any other field followed by a Master’s or PhD in one of the above areas.

Experience

At least 5 years of relevant working experience in operational risk management, internal control, internal and/or external auditing, finance, or a related area within a financial institution, international audit firm, or similar organization.

Technical Knowledge

  • Understanding of risk management principles and internal control concepts.
  • Knowledge of operational risk and governance processes within a financial institution.
  • Excellent working knowledge of Microsoft Office applications.
  • Excellent command of English.

Skills 

  • Integrity and professionalism.
  • Ability to apply established procedures and methodologies accurately.
  • Rigorous analytical and organizational skills.
  • Results‑oriented mindset.
  • Effective written and verbal communication skills.
  • Strong critical thinking and problem‑solving abilities.

 

Desirable Qualifications 

Education

Post‑graduate degree in economics, finance, accounting, business administration, internal auditing, risk management, or another relevant field.

Experience

  • Experience in the region of the BSTDB’s operations.
  • Experience in an international development financial institution.

Technical Knowledge

  • Professional Qualification: Internationally recognized certification such as CIA, CISA, CRMA, FRM, or other relevant audit, risk, or internal control certifications.
  • Familiarity with data analysis, risk management, or audit support tools.
  • Working knowledge of SAP, particularly modules supporting financial reporting or internal control processes.
  • Knowledge of a language of a Member State.

 

Minimum Qualification Requirements

For a candidate to participate in the competitive selection for this position, s/he must meet at least the following minimum requirements: 

Education: Bachelor’s degree in economics, finance, accounting, business administration, internal auditing, risk management, or another relevant field, or a bachelor’s degree in any field followed by a Master’s or PhD in one of the above fields.

Experience: At least 5 years of working experience in operational risk management, internal control, internal and/or external auditing, finance, or a related area.

Application Procedure

In order for your application for the above vacancy to be considered valid, please:

  1. Complete the BSTDB Application Form in full:
  • Provide an answer to EACH question (box). Please note that if no answer is provided to any of the questions (relevant box is left empty), the application will be disqualified.
  • If a question is not applicable to you, please insert “N/A” in the relevant box.
  • No additional documents (such as CVs) will be considered.

  1. Send the completed BSTDB Application Form as an attachment to: recruit@bstdb.org (This email address is solely for submitting applications. Please do not send inquiries to this address).

    Kindly include only the Reference Number of the vacancy you are applying for, along with your full name, in the subject line of your email.

Example: 147 John Smith 

You will receive an automatic response that your application has been successfully received.

The closing date for applications is Wednesday, 17 June 2026 at 17:30 pm (Greece Time). 

Only candidates selected for an interview will be contacted.