(Associate) Transaction Management Officer –Public Sector Monitoring (EU) (Associate) Transaction Management Officer –Public  …

European Investment Bank.
à Luxembourg, Luxembourg, Luxembourg
Intérim, Plein-temps
Dernière candidature, 05 sept. 19
Competitive
European Investment Bank.
à Luxembourg, Luxembourg, Luxembourg
Intérim, Plein-temps
Dernière candidature, 05 sept. 19
Competitive
The successful candidate will carry out a regular monitoring (from signature) of a portfolio of EIB’s Public Sector Counterparts (sub-sovereign public authorities and public sector entities) in the EU through financial and contractual reviews (in their capacity as borrowers and/or guarantors) on an annual basis in order to contribute to an understanding of EIB's exposure to on-going risks. In addition s/he will manage event resolutions (e.g. waivers and contractual amendments) for standard and complex post signature events, thereby ensuring the stability and solidity of the Bank's portfolio of outstanding loans.

The EIB, the European Union's bank, is seeking to recruit for its Transaction Management and Restructuring Directorate (TMR) -  Counterpart Monitoring Department (CM) - Public Sector Division (PS)  - Public Sector Europe Unit (PSEU), at its headquarters in Luxembourg, a (Associate) Transaction Management Officer –Public Sector Monitoring (EU).
This is a full time position at grade 4/5

 

The term of this contract will be 4 years

Panel interviews are anticipated for mid September

The EIB offers fixed-term contracts of up to a maximum of 6 years, according to business needs, with a possibility to convert to a permanent contract, subject to organisational requirements and individual performance.

 

Purpose

The successful candidate will carry out a regular monitoring (from signature) of a portfolio of EIB’s Public Sector Counterparts (sub-sovereign public authorities and public sector entities) in the EU through financial and contractual reviews (in their capacity as borrowers and/or guarantors) on an annual basis in order to contribute to an understanding of EIB's exposure to on-going risks. In addition s/he will manage event resolutions (e.g. waivers and contractual amendments) for standard and complex post signature events, thereby ensuring the stability and solidity of the Bank's portfolio of outstanding loans.

Operating Network

Under the supervision of the Head of PS Division and the Head of the PS Public Sector Europe Unit, the successful candidate will cooperate closely with other Directorates across the Bank, such as the Origination teams, Legal, Finance and Credit Risk, and with the other Divisions in TMR.

You will also have external contact with counterparts, other transaction stakeholders, co -lenders, rating agencies and sector experts.

Specific Post Environment 

TMR monitors counterparts and contracts and acts on contractual events under its responsibility, as well as on distressed transactions, to protect the EIB's financial interest and reputation. The Directorate is responsible for the Financial Monitoring, Event Resolution and Restructuring of (i) EU and non-EU counterparts, (ii) EU and non-EU fully invested funds and equity as well as (iii) EU and non-EU private sector distressed transactions.

TMR is also responsible for developing and updating Bank -wide Financial Monitoring guidelines.

TMR/CM/PS covers all Public Sector operations in the Bank’s loan portfolio and is comprised of two Units, covering  EU operations and non-EU operations.

Accountabilities

You will be expected to assume responsibilities for the following:

  • Carry out annual reviews – both financial and contractual - of a portfolio of counterparts located mainly in the EU (Sub-Sovereign Public Authorities and Public Sector Entities) in order to assess their credit standing and their compliance with respective contracts
  • Propose internal counterpart ratings
  • Identify and propose solutions/remedies to contractual breaches
  • Negotiate, whenever required, resolution of post signature events, working with colleagues in other EIB Directorates and with external co-financiers as appropriate
  • Collaborate and coordinate activities with colleagues in Credit Risk, Origination, Legal, and other Directorates/Departments
  • Perform ad hoc reviews, as necessary, in response to external market activity
  • Handle client contact, including organising and participating in financial monitoring visits
  • Contribute to the Division's regular reporting requirements, such as Watch List Reports
  • Update, in a timely and accurate manner, the data related to own portfolio in the Bank's IT systems
  • Closely follow on -going developments in the relevant  sector(s), and for specific EIB counterparts in the sector

Qualifications

  • University degree, preferably in Business Administration,  Finance or Economics, and ideally supplemented by post -graduate studies
  • At least 3 years of relevant professional experience, including a solid track record in lending to the Public Sector (i.e. sub-sovereign public authorities and public sector entities), from a structuring, origination, negotiation, credit, transaction monitoring perspective
  • The ability to identify and negotiate the resolution of contractual breaches (waivers and amendments of contractual clauses)
  • Understanding of the EU institutional and political framework in which the Bank operates
  • Very good knowledge and experience of standard computer tools (Microsoft office)  Basic knowledge of electronic document management systems (from a user perspective) would be desirable
  • Excellent knowledge of English and/or French(*) with a good knowledge of the other. Command of other EU languages, in particular German would be an advantage.

Competencies

  • Achievement Drive: Continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
  • Change Orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
  • Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
  • Organisational Commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation’s needs and intrinsic values, acting with integrity in ways that promote the organisation’s mission, policies and rules.

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in French. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of French and accept that their future career in the EIB may be subject to the attainment of sufficient proficiency in both of the Bank's working languages

We are an equal opportunity employer, who believes that diversity is good for our people and our business.  As such, we promote the inclusion of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability (*).

The level of functions in the job vacancy is only indicative and will be adjusted accordingly taking into account, among other things, the business need, as well as the selected candidate’s experience and expertise

Deadline for applications: 1 August 2019 

(*).  We particularly welcome applications from women and persons with disabilities.

 

 

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