The EIB, the European Union's bank is seeking to recruit for its Transaction Management and Restructuring Directorate (TMR) -Transaction Management Department (TM) - Equity and Subordinated Debt Division (ESD) at its headquarters in Luxembourg, a:
(Senior) Financial Monitoring Officer - Equity and Subordinated Debt
This is a full-time position.
The term of this contract will be 4 years
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 Financial Monitoring Officer will be responsible for a portfolio of equity, equity-type and/or subordinated Instruments. She/he and will be responsible for the lifecycle management (relationship, monitoring, coverage, events resolution) and divestment of EIB positions of (i) non-funded instruments as from the implementation of the documentation and (ii) for funded instruments after disbursement/investment. The candidate will also provide the appropriate valuations and financial analysis of the relevant portfolio and contribute to periodic reporting.
Specific post Environment
TMR monitors counterparts and financial contracts and acts on contractual events under its responsibility, as well as on distressed transactions in order to protect the EIB's financial interest and reputation. The Directorate is responsible for the financial monitoring, event resolution, divestment and restructuring of (i) EU debt counterparts, (ii) equity funds, equity-type and subordinated instruments after disbursement/investment or signature, as applicable (iii) EU and non-EU private sector distressed transactions. TMR is also responsible for developing and updating Bank-wide Financial Monitoring guidelines.
The Financial Monitoring Officer will report to the Head of Division and will cooperate regularly with colleagues within the ESD Team and across the Bank, in particular with the counterparts in Ops, JU, FI, FC and RM teams and also with the other Divisions in TMR. Externally, she/he will maintain contact with counterparts, other transaction stakeholders, and co-investors.
- Ensure regular relationship with the Bank's counterparts under the supervised portfolio.
- Ensure in an autonomous, timely manner a meaningful transactions management by (i) formulating and processing internally event resolutions and divestment proposals and (ii) negotiating and implementing event resolution and divestments with external counterparts and advisors.
- Independently perform performance reviews of the EIB's post-investment/disbursement equity, equity-type and subordinated instruments (reviews, valuations, scorings) on a regular basis to ensure best practice financial coverage
- Actively represent the Bank in relation to non-executive advisory functions of its investees
- Review and implement updates to financial monitoring policies and pro-actively formulate proposals to improve systems, procedures
- Participate in periodic reporting produced by the Division in respect of its portfolio.
- Coach and develop more junior members of staff
- Share lessons learnt within the team and across the Bank.
- University degree, preferably in Business Administration, Law, Finance or Economics
- At least 5 years of relevant professional experience in a similar role, specifically exposed to equity and equity-type investing and portfolio management side
- Good knowledge of international accounting standards and valuation methodologies
- Understanding of the EIB's mission, organisation and activities
- Knowledge of the standard computer tools, in particular, strong proficiency in Microsoft Excel and PowerPoint
- Excellent knowledge of English and/or French(*), with a good understanding of the other. Knowledge of other European languages would be an advantage
- 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 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.