The EIB, the European Union's bank, is seeking to recruit for its Transaction Management and Restructuring Directorate (TMR) – Restructuring & Resolutions Division (RR), at its headquarters in Luxembourg, a:
(Senior) Transaction Management Officer – Restructuring
This is a full time position at grade 5/6
The term of this contract will be 4 years
Panel interviews are anticipated for mid July
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
Under the supervision of the Head of Division/Head of Unit, you will propose, negotiate and implement solutions in relation to (often complex) post signature events for signed debt operations (entailing debt restructuring and refinancing transactions). You will, in addition, monitor intensive care cases, in order to protect the Bank's financial interest and reputation across both EU and non-EU jurisdictions.
Specific post Environment
The Transaction Management and Restructuring Directorate (TMR) monitors counterparts and contracts and acts on contractual events under its responsibility, as well as on distressed transactions, to protect EIB's financial interests and reputation. The Directorate is responsible for the Financial Monitoring, Event Resolution and Restructuring of (i) EU and non-EU debt counterparts, (ii) EU and non-EU fully invested funds and equity.
TMR is also responsible for developing and updating Bank-wide Financial Monitoring Guidelines and NPE Procedures.
Operating Network
Under the supervision of the Head of RR Division/Head of Unit, you will cooperate closely with other Divisions in TMR and with other Directorates, Departments and Divisions across the Bank, in particular with Origination Teams, with Legal, Finance and with Credit Risk but also Compliance and Financial Control. Given the multi-stakeholder nature of restructuring operations, you will also have external contact with a large number of other creditors’ restructuring teams, senior staff of concerned counterparts, other external stakeholders such as restructuring advisors, external legal counsel and industry experts. Given the fast-paced nature of restructuring, you are able to adapt quickly to changing priorities and travel at short notice.
Accountabilities
- Recovery actions for severely distressed cases
- Restructuring of viable distressed counterparts
- Management of material risk events
- The management of relationships with counterparts and co -lenders in respect of special transactions
- Coaching more junior members of the team
- The monitoring of and reporting on assigned special
- The preparation, when required, of watch lists, provisioning and coverage reports for assigned borrowers and transactions
- Contributions to the Division's regular reports
Qualifications
- University degree, preferably in Business Administration, Finance or Economics, or Law
- At least 5 years of relevant professional experience with specific exposure to leading negotiations for multi-creditor groups / syndicates in the context of corporate or structured finance, leveraged or M&A transactions or in an advisory function
- Solid track record in structuring, syndicating and/or documenting project and/or corporate loans
- Strong credit risk skills, including financial and cash flow analysis
- Strong communication and presentation skills
- Prior experience in advisory services would be a distinct advantage
- 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
- Very good knowledge of English and/or French(*); A good knowledge of other EU languages would be 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
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 (*).
The level of functions in the job vacancy is only indicative and will be adjusted accordingly taking into account, among other things, the business need, as well as the selected candidate’s experience and expertise
Deadline for applications: 5th June 2019
(*). We particularly welcome applications from women and persons with disabilities.
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