Principal Banker, Ulaanbaatar recruitment
Role Overview
In light of Mongolia's legal and institutional grounds for market economy and rich natural resource endowment, the Bank will focus on such sectors as natural resources, financial institutions, microfinance, agribusiness, power and energy, transport and telecommunications. The Bank has been providing TCs under the Mongolian Co-operations Fund (MCF) since 2001, which have covered the above-mentioned sectors as well as TAM and Legal Transition.
While Mongolia's economy remains dominated by agriculture, industry's share in GDP is also high and dominated by the mining sector - particularly gold and copper. Dialogue with the authorities on the on-going reforms is a top priority for the Bank and the challenges are diverse and stimulating, with the obvious reward of improving business conditions and enhancing transition in a country. The Bank expects a strong growth in its early activities and Mongolia will be included in the Bank's ETC Initiative to ensure this process takes place.
A Principal Banker is sought to work in the EBRD Resident Office in Ulaanbaatar, Mongolia. The successful candidate will witness, and play a key role in, this unique transition through both transaction work and policy dialogue. As well as acting as Operation Leader on transactions, the successful candidate will support HQ-based sector team bankers in structuring and closing transactions, using the full range of financing structures and instruments available to the Bank, as well as monitoring and managing loans and investments.
Core role: Support transaction related processes (project initiation, appraisal, negotiations, due diligence, legal documentation) under regular supervision.
Key Responsibilities and Deliverables
- Marketing and Business Development: The candidate will play a leading role in the origination of projects in Mongolia. An articulate and knowledgeable professional, the candidate must be comfortable interacting with local and foreign senior executives and senior government officials. The candidate must be fully versed in the EBRD's policies and procedures.
- Project Structuring, Negotiating and Execution: The candidate must have a successful track record of working through the project cycle. Including marketing, project screening, origination, due diligence, structuring, negotiation, execution and monitoring of projects. In particular the candidate must be able to participate and assist in financial, technical, legal and environmental due diligence including credit, financial and economic analysis of mostly private sector projects. A well developed ability to contribute to preparation of project documentation, liaise with clients, local authorities, EBRD support units and other parties at a senior level is essential.
- Policy Dialogue: The candidate must be capable of participating in complex policy dialogue and able to effectively articulate the Bank's position. The candidate will be expected to become fully versed in key policy issues within a relatively short time frame.
- Project Monitoring: Undertake the monitoring of existing Bank investments; monitoring of project implementation and operation, loan administration; preparation of monitoring reports based on meetings with clients, site visits, financial review, etc.
- Managerial and Administrative: The candidate will deputise for the Head of Office in his/her absence and support the Head of Office in all administrative functions. Additionally, the candidate will be expected to mentor junior members of staff and assist them in their career development.
- Other Assignments: Undertake other assignment that may be given by the Head of Office or senior management, including, but not limited to the preparation of briefs and strategy documents, marketing tasks, maintaining client relations. May be required to undertake short-term assignments in other countries of operations.
Essential Skills, Experience and Qualifications
- The successful candidate will have a minimum of 7 years of banking/project finance experience within appropriate financial institutions where he/she has acquired high level banking/transaction skills and demonstrable in structuring operations.
The candidate must have strong analytical and financial background and be fully capable of working through the project cycle. A proven track record of transactions is essential. - Accountancy and Credit Analysis Skills: Ability to interpret accounts, understanding of accounting principles and practice of credit analysis.
- Financial Analysis Skills: Ability to design financial models and to participate in the financial engineering and structuring of investment projects.
- Analytical Skills: Ability to analyse macro-economic situation, sector and market trends, legal framework, other background information; report writing skills.
- Communication Skills: Excellent written and oral communications skills in English. Strong negotiation skills.
- Computer Literacy: Conversant with word-processing and spreadsheet packages and financial analysis models.
- Ability to work well within a team and meet tight deadlines.
- Relevant degree from a leading university in the country of education
- Fluency in one or more languages of our countries of operation and/or a major international language and / or work experience in emerging markets, including Central / Eastern Europe, Russia, the Caucasus, Balkans, Central Asia or Mongolia is desirable
Competencies and Personal Attributes
- Ability to operate sensitively in multicultural environments and build effective working relations with clients and colleagues
- Ability to communicate effectively with senior government and business contacts
- Ability to plan and organise work unsupervised
- Ability to work to and meet tight deadlines Willingness to travel to and work in EBRD countries of operation
This job description is not limited to the responsibilities listed and the incumbent may be requested to perform other relevant duties as required by business needs.