Transaction Monitoring Officer – non-EU Public Sector

Εργασιακά Θέματα

The EIB, the European Union's bank, is seeking to recruit for its Transaction Management and Restructuring Directorate (TMR) – External Mandate Division (EM) Public Sector Unit at its headquarters in Luxembourg, a:

Transaction Monitoring Officer – non-EU Public Sector

Appointment will be made on the basis of a fixed term contract of 4 years

This is a full time position

Purpose

The Transaction Monitoring Officer carries out a regular financial and operational monitoring  of a portfolio of signed EIB Public Sector operations outside the EU,  through financial and contractual reviews of counterparts (in their capacity as borrowers or guarantors), on an annual basis, and project implementation reviews, in order to contribute to an understanding of the EIB's exposure to on-going financial  risks and to ensure the achievement of the Bank’s objectives under the framework of EU Development and Cooperation policies outside the EU. S/he manages the relationship with counterparts and implement event resolutions for standard and complex (post first disbursement) events. 

Specific post Environment

The Transaction Management and Restructuring Directorate (TMR) monitors counterparts and contracts and acts on contractual events under its responsibility, as well as on distressed transactions, to protect EIB's financial interest and reputation. The Directorate is responsible for the Financial Monitoring, Event Resolution and Restructuring of (i) EU counterparts 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 and (iv) Non-EU counterparts and projects. TMR/EM comprises 4 units: Banking Unit (FI), Corporate and Project Finance Unit (CPF), Public Sector Unit (PU) and Disbursement Unit (DISB). TMR is also responsible for developing and updating Bank-wide Financial Monitoring guidelines.

Operating Network

The successful candidate will report to the Head of the Public Sector Unit, under the authority of the Head of EM Division. In the domain of projects and counterparts financial monitoring, s/he manages the relationships with borrowers and/or primary guarantors (public enterprises or Ministries) as well as with the co-lenders, sector experts and/or technical assistance. Internally, s/he will cooperate closely with other Directorates across the Bank, in particular with the Origination, Project, Legal, Finance and Credit Risk teams, and with the other Divisions in TMR. S/he will have to travel regularly for short periods to visit projects and counterparts outside Europe.

Accountabilities

  • Carry out, according to an agreed programme, reviews of counterparts and contract monitoring, to assess the credit standing of  counterparts and their compliance with contracts
  • Propose internal counterpart ratings
  • Monitor project progress, through monitoring missions with colleagues from the technical Projects Directorate (mainly Engineers and Economists), and the fulfilment of Borrower/Promoter's contractual obligations, conditions and covenants, in line with internal approvals and procedures
  • Prepare annual Project Progress Reports based on an established working programme
  • To the extent required, review disbursement conditions and the processing of disbursements (i.e. in case of specific contractual amendments and/or waivers) in coordination with the Disbursement Analyst
  • Autonomously identify and negotiate, whenever required, resolution of post signature events : assess the situation, propose a solution/remedy strategy to contractual breaches, prepare the necessary internal documentation, coordinate approval and participate in their implementation, working with colleagues in other EIB Directorates and with external co-financiers as appropriate
  • Monitor and follow-up the repayment of loan
  • Prepare and lead project and counterpart contact and visits, in coordination with relevant Bank Services (i.e. Projects Directorate and Regional offices)
  • Handle relations with borrowers, guarantors, co-financiers, Governments and EU institutions, as required
  • Collaborate and coordinate with colleagues in the Project Directorate, Credit Risk, Origination, Legal, and other Directorates/Departments, as well as with other TMR divisions
  • Contribute to the Division's regular reports, in particular Watch List reports
  • Check and, when necessary, update in a timely and accurate manner the data related to own portfolio in the Bank's IT systems
  • Ensure that the administrative procedures during the various stages of project implementation are respected

Qualifications

  • University degree, preferably Finance,  Economics, Law or  in Business Administration, Civil Engineering, ideally supplemented by post-graduate studies and/or relevant training in Public Sector Analysis
  • At least 3 years of relevant professional experience, ideally including a solid track record in Public Sector loans, preferably outside Europe, from a structuring, origination, negotiation, credit, transaction monitoring or legal background
  • The ability to address waivers and amendments of contractual clauses
  • Understanding of the EU institutional and political framework in which the Bank operates  and of the EU External Objectives Policy supported by the Bank’s activity
  • Knowledge of standard computer tools, particularly electronic document management systems. Experience and advanced knowledge of Excel and/or other financial modelling systems and techniques, would be an advantage
  • Excellent knowledge of English and/or French (*), with a good knowledge of the other. (Knowledge of other EU languages would be an advantage). Russian or Ukrainian would be an advantage

Competencies

  • Aptitude to understand, anticipate issues in assigned transactions and provide sound judgement
  • Aptitude to deliver reviews and notes under time pressure
  • Strong communication skills, both verbal and written
  • Ability to develop and maintain good relations with borrowers  
  • Negotiation skills
  • Aptitude to work independently
  • Capacity to plan and organise her/his work

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in one of the two languages. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of the relevant language 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

Deadline for applications:   24th December 2014

We believe that Diversity is good for our people and our business. We promote and value diversity and inclusion among our staff and candidates; irrespective of their gender, age, nationality, race, culture, education and experience, religious beliefs, sexual orientation or disability

Apply here: https://erecruitment.eib.org/psp/hr/EMPLOYEE/HRMS/c/HRS_HRAM.HRS_APP_SCHJOB.GBL?FOCUS=Applicant&Page=HRS_APP_JBPST&SiteId=1&JobOpeningId=101705&PostingSeq=1

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