(Associate) Transaction Management Officer – Restructuring (RRPF)

• Job ID: 104562
• Entity: European Investment Bank
• Deadline: Friday 20th October 2017

EIB Posting

The EIB, the European Union's bank, is seeking to recruit for its Transaction Management and Restructuring Directorate (TMR) – Transaction Management Department (TM) - Restructuring & Resolutions Division (RR) at its headquarters in Luxembourg: (Associate) Transaction Management Officer – Restructuring (RRPF). This is a full time position at grade 4/5 linked to ACP Investment Facility. The term of this contract will be until 31.12.2020.

Purpose

The IF (Associate) Transaction Management Officer will manage, under the guidance of a Senior Restructuring Officer, Head of Unit, or Head of Division, the resolution of contractual, credit and/or restructuring events, as well as monitor a number of operations under intensive care within a portfolio of signed EIB [Corporate and] Project Finance operations in the regions outside the European Union and Candidate Countries, with a focus on IF countries of operation (under Cotonou Mandate). S/he will manage event resolutions for standard and complex post first disbursement events, including negotiation and implementation of solutions. The IF (Associate) Transaction Management Officer will be responsible for the relationship with counterparts and contribute to the understanding of the EIB's exposure to on-going financial risks, thereby ensuring the stability and solidity of the Bank’s IF portfolio of outstanding loans. S/he will monitor intensive care cases in order to protect the Bank's financial interest and reputation. In addition, the IF (Associate) Transaction Management Officer will monitor the achievement of the Bank’s objectives under the framework of EU Development and Cooperation policies outside the EU, specifically in connection with the Cotonou mandate. The partnership is signed until 31st Dec 2020.

The exact composition of the portfolio will depend on the selected candidate’s experience in the Restructuring of Debt and Equity operations.

Specific post Environment

The Transaction Management and Restructuring Directorate (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.

TMR/TM/RR is the Division responsible for the (i) handling and restructuring of the Bank’s impaired EU and Non-EU operations / counterparts as well as the (ii) resolutions related to selected post signature events requiring a more intensified approach. The TMR/TM/RR division is responsible, together with a dedicated RM division, for the co-ordination of the Watch List and Internal Defaults. Together with FC, TMR/TM/RR manages the Bank’s specific provisions.

Operating Network

Under the supervision of the Head of Unit, the successful candidate will cooperate closely with clients as well as other Departments, Directorates and Divisions across the Bank, in particular with the Origination teams, with Legal, Finance and Credit Risk, and with the other Divisions in TMR, which transfer distressed cases to RR. S/he will work closely and be mentored by senior colleagues within the Division.

S/he will also have external contact with counterparts, other transaction stakeholders, co-lenders, agents, shareholders, borrowers, sponsors and sector experts.

Responsibilities

• Financial and business analysis for different types of instruments and financial structures (corporate, bank and/or project finance operations, in ACP countries) as needed to assist with analysis and formulation of event resolution proposals,
• Assistance in the management of specific event resolutions by analysing the issue at hand, actively researching possible solutions, formulating proposals and drafting documents, presenting such proposals as well as subsequently managing comments from other services to the proposals with the view to ensuring acceptance and subsequent implementation of the proposals between the Bank and counterpart
• Review and commentary of financial models
• Basic review of legal documentation
• The resolution of work-intensive post-signature events
• The negotiation and restructuring of financially distressed ACP transactions (with associated monitoring and reporting as required)
• The management of relationships with counterparts and co-lenders in respect to special transactions
• Contributions to the Division's regular reports

Qualifications

• University degree, preferably in Business Administration, Law, Finance or Economics, ideally supplemented by post-graduate studies and/or training in Restructuring, financial advisory or law
• At least 3 years of relevant professional experience gained in the financial services sector, with exposure to corporate financial analysis
• Prior exposure to origination and negotiation of project finance, structured finance operations and/or syndicated loan transaction documents
• Excellent quantitative skills
• Knowledge of standard computer tools (MS Office). Prior exposure to financial modelling (building and/or reviewing financial models in Excel) would be an advantage
• Excellent knowledge of English and/or French (*) and a good command of the other. Knowledge of other EU languages, especially Spanish, German or Polish, will be considered a distinct 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