(associate) financial monitoring officer

Description du poste

The EIB, the European Union's bank, is seeking to recruit for its Transaction Management and Restructuring Directorate (TMR) – Counterparty Management Department (CM) - Financial Institutions Division (FIN) at its headquarters in Luxembourg, an (Associate) Financial Monitoring Officer. This is a full time position at grade 4/5. The term of this contract will be 4 years.Panel interviews are anticipated for mid March.  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.PurposeUnder the supervision of the Head of Unit, you will carry out the regular monitoring of a portfolio of EIB banking counterparts. You will be responsible for the monitoring of the EIB's exposure, mainly through Counterpart Reviews (borrower or guarantor, including assessment of Internal Ratings) and Contractual Monitoring (including on-going compliance with contractual clauses and events resolution when applicable), in order to contribute to ensuring the stability and solidity of the EIB lending portfolio to banks.Specific Post Environment TMR 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 counterparts, (ii) equity funds, equity-type and subordinated instruments after disbursement/investment or signature, as applicable (iii) EU and non-EU private sector distressed transactions. TMR is also responsible for developing and updating Bank -wide Financial Monitoring guidelines.TMR/CM/FIN is the Division responsible for the monitoring of financial institutions across all countries. The Division is split into four geographical units i.e. South Eastern Europe (SEE), Western Europe and Nordics (WEN), Central Eastern Europe (CEE) and Non-EU (NEU).Operating NetworkYou will be assigned to one of the Units covering EU countries, the final assignment will depend on specific knowledge of the countries concerned, language skills, and Division’s needs. You will cooperate closely with other Divisions, Departments and Directorates across the Bank, in particular with Ops, JU, RM and with the other Divisions in TMR, including the Restructuring & Resolution Division (TMR/TM/RR) to which TMR/CM/FIN transfers distressed cases. You may also have external contacts with counterparts, rating agencies and sector experts.AccountabilitiesUnder the supervision of your Head of Unit, you will work in autonomy on several tasks in parallel and within well-defined deadlines. The position may require the availability for some missions to banking clients in the areas covered by the Units’ geographical scope, notably for credit due diligences. Responsibilities include: Carry out Counterpart Reviews of banks (encompassing a financial and a contractual section) according to an agreed programme aiming at reviewing all Internal Ratings of the assigned portfolio within the 12-month validity, in order to assess their credit standing (with the proposal and attribution of appropriate Internal Ratings) and compliance with outstanding contracts. Carry out all checks required by the Bank’s compliance (eg KYC procedures) and risk management policies (eg climate risk assessment). Promptly flag any non-compliance contractual event as well as any sign of credit deterioration of the counterparts, including for Early Warning Signals and Non Performing Exposure reporting, and timely provide comments/updates as requested Follow-up on contractual events, draft relevant notes, propose and negotiate solutions/remedies for the counterparts under TMR’s responsibility, coordinate approval and implementation of solution/remedies working with colleagues in other EIB Directorates. Check and, when necessary, update in a timely and accurate manner the data related to own portfolio in the Bank's IT systems Understand and follow on -going developments in the financial sector and EIB banking counterparts in the assigned countries Provide input for the Division’s internal reports as well as for any ad-hoc information request from management Collaborate and coordinate activities with the colleagues of TMR/TM/RR on credit-borderline or problem cases Carry out any additional horizontal duty as eventually assigned by the management.Qualifications University degree in Business Administration, Finance or Economics, preferably supplemented by post-graduate studies and/or relevant training in financial analysis At least 3 years’ professional experience in banking, finance or with rating agencies, or other professional experience relevant for the role Proven knowledge of financial analysis of banks, credit risk assessment principles, counterpart rating criteria and key contractual clauses used in loan documentation Understanding of the EU institutional and political framework in which the EIB operates Understanding of the EIB’s mission, policies, procedures, organisation and activities Excellent knowledge of the standard Microsoft Office tools (Excel, Word, Powerpoint, Outlook) Fluency in English and/or French (*) and a good command of the other. Solid knowledge of other EU languages would be an advantage. CompetenciesFind out more about EIB core competencies here (*) 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 languagesWe 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 (*).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 unauthorized disclosure of any information or any damage to the EIB Group reputation.Deadline for applications: 5th February 2021  (*).  We particularly welcome applications from women and persons with disabilities.#LI-POST

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