The EIB, the European Union's bank is seeking to recruit for its Operations Directorate (Ops) - Western Europe Department (WE) Banks Division (WE- 1) at its headquarters in Luxembourg, a:
(Senior) Loan Officer
This is a full time position at grade 5/6
The term of this contract will be 4 years
Panel interviews are anticipated for beginning of September
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
The (Senior) Loan Officer will identify, appraise, negotiate and monitor lending transactions potentially in any of the six countries of operation but with a specific focus on the Belgian market, according to EIB policies and procedures and with the objective to contribute to EU Policy goals, in line with the agreed strategy and with the Division Business Plan targets. Within this role you will be responsible for the origination and execution of senior and risk sharing transactions with your counterparts. Your focus is expected to be on transactions with financial institutions, but funds or SPVs are also included in the scope of the position.
The primary objective is to contribute to the development and execution of the Division's business plan and overall business objectives with a focus on banking sector lending and delivery of the EFSI business plan. Your work content will include customer relationship management, business origination, identification, appraisal, negotiation, and monitoring of lending operations, according to EIB policies and procedures and with the objective to contribute to EU Policy goals.
Operating network
You will be working in the Banks Division (WE-1).
You will report to the Head of WE-1 Division in Luxembourg and cooperate closely with colleagues of WE Department as well as in other teams of the Bank involved in such transactions (e.g. with Legal Services, Risk Management, and the Projects Directorate). The (Senior) Loan Officer will also have interactions with potential and existing counterparts as well as other partners (industry associations, consultancy firms, etc) and colleagues from the European Investment Fund.
Accountabilities:
Transaction Origination process:
- Originate and execute debt, guarantee or risk sharing transactions
- Monitor closely the banking sector and trends in bank lending products
- Build and maintain relationships with existing and future clients
- Build and maintain relationships with industry organisations, financiers (e.g. funds, debt advisors, etc.), and other third parties
Lending process:
- Lead and monitor the appraisal process in close collaboration with other counterparts in the EIB Risk Management, the Projects Directorate, Legal Services, Compliance, Transaction Monitoring and Treasury, as appropriate
- Work closely with potential clients and the relevant Bank services, in order to develop financing structures that meet EIB Risk and Policy Guidelines on the one hand, and support the clients ’ financing strategy on the other
- Undertake financial and risk analysis
- Prepare risk pricing proposals for the respective counterparts
- Draft financial reports and lending proposals in cooperation with the Project Team and facilitate the approval process
- Prepare approval documents for the relevant approval authorities
- Present and defend potential lending operations in compliance with the approval procedures
Negotiation process:
- Lead and coordinate the negotiation process with the borrowers, external legal advisors and internal counterparts
- Disbursement and monitoring process
- Follow-up the development of the transactions: update credit files and supervise the fulfilment of conditions in coordination with internal services
- In the event of contractual modifications, support structural modifications and contract negotiations in liaison with key external and internal partners so as to maintain the quality of the loan portfolio
Qualifications
- University degree, ideally at Masters level, in Finance/Business or any related subject. The CFA qualification would be an advantage
- At least 5 years of relevant experience in the financial sector, particularly in unsecured lending, securitization structures and risk sharing structures and with the ability to be a relationship manager of some of the biggest banking groups in Western Europe
- Knowledge of the Belgian banking market would be a distinct advantage
- Experience in structured finance would be an asset
- Strong technical expertise in financial analysis/modelling as well as experience in credit risk assessment
- Good computer skills and knowledge of Microsoft Office
- Excellent knowledge of written and spoken English as well as very good command of French(*). Fluency in Dutch/Flemish would be a strong 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
We are an equal opportunity employer, who believes that diversity is good for our people and our business. As such, we promote the inclusion of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability (*).
Deadline for applications: 27th July 2018
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