Credit Analyst – Banks/FIs recruitment

The European Investment Bank (EIB) is the European Union's bank, investing in/lending to projects that further EU policy objectives. The EIB is based in Luxembourg, and is a self-financing and not-for-profit European Institution and bank.

We are launching a preliminary campaign in anticipation of a future vacancy in our Transaction Management and Restructuring Directorate (TMR) - Financial Institutions Assignments of Rights Division (FIA), for a:

Credit Analyst - Banks/FIs

Appointment on this post is for a fixed period of 2 years

The Transaction Management Restructuring Directorate (TMR) proactively follows the EIB loan book, post-signature, thereby enabling the EIB to act on post-signature events and to maintain the credit quality of its operations.The Financial Institutions Assignments of Rights Division (FIA) is responsible for the regular financial monitoring (from signature) of a portfolio of signed EIB bank and assignment of rights transactions, through Financial Reviews of counterparts (borrower or guarantor) and Contract Reviews (verification of covenants).  The Division identifies and resolves breaches of contract, and proposes event resolution, for standard post signature events, to mitigate risk and ensure the stability and solidity of the Bank's portfolio of outstanding loans.

Operating Network

Under the supervision of the Head of Division/Head of Unit, the Credit Analyst will take responsibility for the monitoring of an assigned portfolio of EIB transactions.  The exact composition of the portfolio will depend on the individual's experience in credit analysis of Financial Institutions, Assignment of Rights, Loan Substitutes and/or of the relevant credit and contractual aspects taking into account EIB rights.  S/he will cooperate internally with the other Bank Directorates active in this field and also with colleagues within TMR, in particular with the Restructuring, Repackaging/Refinancing, and Funds Division (RRF)to which FIA transfers work-intensive post-signature events (heavy waivers, debt repackagings or restructurings) for implementation.  S/he will also have external contact with counterparts, other transaction stakeholders, bank syndicate agents, co-lenders, rating agencies and sector experts.

Accountabilities

The successful applicant should be capable of working, from inception, on several operations in parallel, and able to work autonomously on several aspects of work within a short period of time.

Qualifications

Competencies

Deadline for applications: 07 July 2012

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in one of the two languages. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of the relevant language 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 believe that Diversity is good for our people and our business. We promote and value diversity and inclusion among our staff and candidates; irrespective of their gender, age, nationality, race, culture, education and experience, religious beliefs, sexual orientation or disability.