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.
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 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, 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).
