Portfolio Management Officers

Description:

As part of the Bank’s First Line of Defence, the Portfolio Management & Monitoring (PMM) Directorate 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.

PMM/CM is the Department responsible for the monitoring of financial institutions, corporates, public sector entities and sub-sovereign authorities across all countries, both inside and outside the EU. The Department is structured around Divisions (composed of several Units), and covers three asset classes (CORPORATES, FINANCIAL INSTITUTIONS inside and outside the EU, and PUBLIC SECTOR inside and outside the EU). The Department also plays an active role in the disbursement process of lending operations (excluding the first disbursement).

To be noted that under the Three Line of Defence structure, PMM will have a First Line role, together with the Operations Directorate, and will be in charge of handling all the existing business after the first disbursement.

You will be assigned to a specific monitoring Division and Unit, covering a specific asset class/region/sector. The allocation process will be, to the extent possible, aligned to the profile, competencies and interest of each candidate.

Operating Network

Under the supervision of the Head of Division/Head of Unit, you will autonomously:

Carry out a regular monitoring of a portfolio of signed EIB lending operations, in order to contribute to an understanding of EIB exposure to risks and to identify breaches or contractual events.
Propose event resolutions for standard and complex post-signature events, thereby ensuring the stability and solidity of the Bank's portfolio of outstanding loans.
Play an active role in the disbursement process of the Bank (excluding the first disbursement).
Cooperate closely with other Directorates across the Bank and with the other Divisions in PMM and with PMM staff located in external offices as the case may be.
Have external contact with counterparts, other transaction stakeholders, co-lenders, agents, shareholders, borrowers, sponsors and sector experts.

More Specifically, Per Asset Class

Corporates

The selected candidate will carry out the regular monitoring of a portfolio of corporate counterparts in EU countries as well as in non-EU countries. Solid corporate credit / financial analysis skills and strong understanding of the fundamentals of corporate analysis and the economic environment is required.

Sector knowledge in one or several of the following sectors would be an advantage: infrastructure, energy, transport (air, maritime, road), telecom, investment goods, construction and building materials, chemicals and pharmaceuticals, automotive and aerospace, agri, consumer goods and retail.

Ability to negotiate in French, Spanish, Portuguese, Italian and/or German would be considered a strong advantage.

Financial Institutions

The selected candidate will carry out the regular monitoring of a portfolio of banking counterparts to be assigned in EU (Western Europe and the Nordics) and Non-EU countries.

Interest and experience in one or more of the financial sectors covered by the geographical scope would be an advantage.

Public Sector

The selected candidate will carry out the regular monitoring of a portfolio of Local Governments and Public Sector Entities in EU countries as well as in non-EU countries (developing countries).

The ability to identify the main risks connected to the specific socio-economic environments and the understanding of the regulatory framework in which such entities operate are key for the performance of the duties connected to the position.

In Non-EU countries, the selected candidate will follow very closely projects’ implementation, also through regular monitoring missions with colleagues from the technical Projects Directorate (Engineers and Economists), and will be, after the first disbursement, the projects’ main point of contact.

Accountabilities

Under the close supervision of the Head of Unit, and under the mentorship of senior colleagues, when necessary, you will work on several tasks in parallel and within well-defined deadlines.

Depending on the seniority of the selected candidate, the responsibilities will be as follows:

Carry out, according to an agreed programme, reviews of counterparts, assess their credit standing, and propose internal counterpart ratings and climate ratings.
Propose solutions/remedies to standard and more complex contractual breaches or other requests from EIB counterparts and participate in their implementation, working with colleagues in other EIB Directorates and with external co-financiers as appropriate.
Monitor the contracts of these counterparts, review the guarantees in place, if required, and check the counterparts' compliance with the protective clauses included in the loan documentation.
Handle client contact, including organising and participating in site visits to facilitate the monitoring and event resolution activities.
For the Non-EU division, coordinate and contribute to annual Project Monitoring Reports based on an established working programme and deadlines.
Perform ad hoc reviews, if necessary, in response to external market events to ensure that the Bank’s response is timely and appropriate.
Perform regular or ad hoc KYC due diligences and tax integrity checks.
Participate in the subsequent disbursements in coordination with the Disbursement Analyst and promote utilization of the signed loans.
Collaborate and coordinate activities with other parts of the Bank, in particular with the other Divisions in PMM, to ensure alignment and proper implementation of procedures across the Bank.
Perform regular checks on Early Warning Signals, providing update of comments, outlook and additional information in view or regular impairment testing.
Contribute to the Division's regular reports, in particular Early Warning/Non-Performing Entities’ reports to ensure proper views on EIB’s portfolio and the risks it entails.
Participate in horizontal tasks in topics of common interest across PMM or other Directorates.
Contribute to a sustained flow of information internally in the team and offer support/back-up to other colleagues.

Qualifications

University degree (minimum an equivalent to a Bachelor), preferably in Business Administration,Finance or Economics, and ideally supplemented by post -graduate studies
At least 5 years of relevant professional experience, including a solid track record in lending to the Public Sector and/or Corporates and/or Financial Institutions, from a structuring, origination, negotiation, credit, or transaction monitoring perspective.
Proficiency in MS Office Tools (Word, Excel, Outlook, PowerPoint). Any knowledge of computer programming will be an advantage.
Excellent numerical skills.
Strong financial analysis and credit rating skills, specific on the job training can be provided for all asset classes.
Excellent knowledge of English and/or French (*) with a good command of the other. (Knowledge of other EU languages would be an advantage).
Solid knowledge of French and/or Spanish would be a strong advantage.