(Senior) Portfolio Management Officers at BANQUE EUROPEENNE D'INVESTISSEMENT

Posted 1 week ago

The EIB, the European Union's bank is seeking to recruit for its Portfolio Management and Monitoring
Directorate (PMM)*, Counterparty Management Department (CM) at its headquarters in Luxembourg,
(Senior) Portfolio Management Officers**. These are a full-time position at grade 5/6.
This is a general campaign in view of both current and possible future vacancies.
*New name following upcoming reorganisation.
**Internal benchmark: (Senior) Financial Monitoring Officer
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.
Purpose
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 and under the mentorship of senior colleagues
you will:
• 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.
• Have external contact with counterparts, other transaction stakeholders, co-lenders, agents,
shareholders, borrowers, sponsors, and sector experts.
More specifically, per Asset Class:
1. 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.
2. FINANCIAL INSTITUTIONS
The selected candidate will carry out the regular monitoring of a portfolio of banking counterparts
to be assigned in either: (i) the Western Europe and Nordics (WEN) Unit, encompassing Spain,
Portugal, France, Benelux, and Nordics; or (ii) the Central and Eastern Europe (CEE) Unit,
encompassing Germany, Austria, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Croatia,
Slovenia and Baltics.
Interest and experience in one or more of the financial sectors covered by the geographical scope
of the WEN or CEE unit would be an advantage.
Solid knowledge of a language relevant to those geographies, especially Spanish or German, would
be a strong asset.
3. PUBLIC SECTOR
The selected candidate will carry out the regular monitoring of a portfolio of Local Governments
and Public Sector Entities in EU countries or 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 project implementation, also
through monitoring missions with colleagues from the technical Projects Directorate (Engineers and
Economists), and will be, after the first disbursement, the project's main point of contact.
Solid knowledge of Dutch and/or Czech and/or German would be an advantage for monitoring
activities in EU countries.
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 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 NEU, 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, preferably in Business Administration, Finance or Economics, and ideally
supplemented by post -graduate studies
• At least 5 years of relevant professional experience for, 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.
• Fluency in English and/or French (*), with a good knowledge of the other. Knowledge of other
languages would be an advantage (please refer to the paragraph for each asset class).