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.
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.
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.
You will be expected to assume responsibilities for the following:
(*) 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.