The EIB, the European Union’s bank, is seeking to recruit for its Portfolio Management and Monitoring Directorate (PMM), Transaction Management Department (TM), Restructuring & Resolutions Division (RR), Restructuring and Resolutions Banks Unit (RRB), at its headquarters in Luxembourg, an (Associate) Restructuring Officer.*

This is a full-time position at grade 4/5 for which the EIB offers a permanent contract.

Panel interviews are anticipated for June/July 2023.

Purpose

Under the supervision of the Head of Division/Head of Unit and under the guidance of senior colleagues, the (Associate) Restructuring Officer will be involved in the proposal, negotiation and implementation of solutions in relation to (often complex) post signature events for signed debt operations with banks, corporates and project finance counterparts (entailing debt restructuring and refinancing transactions). He/she 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 Portfolio Management and Monitoring Directorate (PMM) 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. The Directorate is responsible for the financial monitoring, event resolution, divestment and restructuring of (i) EU and non-EU private sector pre-distressed and distressed transactions, (ii) equity funds, equity-type and subordinated instruments after disbursement/investment or signature. PMM is also responsible for developing and updating Bank-wide Financial Monitoring guidelines.

PMM/TM/RR is the Division responsible for the (i) handling and restructuring of the Bank’s impaired EU and Non-EU operations / counterparts as well as the (ii) resolutions related to selected post signature events requiring a more intensified approach. The PMM/TM/RR division is responsible, together with other dedicated divisions in the Bank, for the co-ordination of Non-Performing Exposures and management of the Bank’s specific provisioning process.

Operating Network

Under the supervision of the Head of Unit, the successful candidate will cooperate closely with clients as well as other Departments, Directorates and Divisions across the Bank, in particular with the Origination teams, with Legal, Projects (technical team), Finance, Risk Management and Compliance, as well as with the other Divisions in PMM, which transfer distressed cases to RR. S/he will work closely and be mentored by senior colleagues within the Division.

S/he will also have external contact with counterparts, other transaction stakeholders, co-lenders, agents, shareholders, borrowers, sponsors and sector experts.

Accountabilities

• Financial and business analysis for different types of instruments and financial structures (corporate, bank and/or project finance operations, in ACP countries) as needed to assist with analysis and formulation of event resolution proposals
• Assistance in the management of specific event resolutions by analysing the issue at hand, actively researching possible solutions, formulating proposals and drafting documents, presenting such proposals as well as subsequently managing comments from other services to the proposals with the view to ensuring acceptance and subsequent implementation of the proposals between the Bank and counterpart
• Development, review or commentary of financial models
• Thorough review of legal documentation
• Resolution of work-intensive post-signature events
• Negotiation and restructuring of financially distressed transactions (with associated monitoring and reporting as required)
• Management of relationships with counterparts and co-lenders in respect to pre-distressed and distressed transactions
• Contributions to the Division’s regular reports

Qualifications

• University degree, preferably in Business Administration, Law, Finance or Economics, ideally supplemented by post-graduate studies and/or training in Restructuring, financial advisory or law
• At least 3 years of relevant professional experience gained in the financial services sector, with exposure to corporate financial analysis or project finance modelling
• Prior exposure to origination and negotiation of project finance, structured finance operations and/or syndicated loan transaction documents
• Excellent quantitative skills
• Knowledge of standard computer tools (MS Office). Prior exposure to financial modelling (building and/or reviewing financial models in Excel) would be an advantage
• Excellent knowledge of English and/or French (*), with a good command of the other. Knowledge of Italian will be considered a distinct advantage.

Competencies

Find out more about EIB core competencies here

(*) Unless stated explicitly as a required qualification, a good command of French is not a pre-requisite for hire. As both English and French are however official working languages of the EIB, proficiency in both languages is a pre-requisite for your future career development. Any language clause in your contract must be fulfilled in order for you to be eligible for a promotion (either via the annual appraisal cycle or via an internal selection process). Proficiency is understood to mean the attainment of level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL). The Bank offers appropriate training support.

We are an equal opportunities employer, who believes that diversity is good for our people and our business. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation/identity, disability or neurodiversity.

Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIB Recruitment team [email protected] who will ensure that your request is handled.

By applying for this position, you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorised disclosure of any information or any damage to the EIB Group reputation.

Deadline for applications: 1^st June 2023

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