The EIB, the European Union's bank, is seeking to recruit for its Secretariat General (SG) - Advisory Services Department (AS) - Financial Instruments Advisory Division (FIA) - Bilateral Services to MAs Unit (BSMAs), at its headquarters in Luxembourg, a:
(Senior) Investment Platform Advisor
This is a full-time position at grade 5/6
The term of this contract will be 4 years
Panel interviews are anticipated for mid February 2019.
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.
The EIB is supporting the deployment of Financial Instruments using the European Structural and Investment Funds (ESI Funds) during the 2014 -2020 programming period. Financial Instruments (Fl), a term used to identify the making of loan, guarantee or equity investments in projects, represents a resource-efficient way of deploying EU grant funding in pursuit of EU 2020 objectives. Targeting projects with potential economic viability, FIs are usually delivered through investment funds (like infrastructure funds) or financial intermediaries, including banks. FIs have been used, instead of grants, for some time but their relative importance increased significantly during the 2007-2013 period, with the launch of the so-called "JEREMIE" and "JESSICA" initiatives. For 2014-2020, the Commission's ambition is to increase even further the volume and scope of using financial instruments, potentially to as much as EUR 30bn during this programming period.
The FIA division of EIB also offers ESI Funds authorities and other public bodies a range of bespoke advisory services to facilitate the design, set up and implementation of their FIs. Such advice often relies on experience in investment fund structuring/management, knowledge of appropriate governance arrangements (including investment committees), as well as fund raising advice, fund manager procurement and/or leverage of debt finance/bank lending.
With the introduction of the European Fund for Strategic Investment (EFSI) and the European Investment Advisory Hub (EIAH), the FIA division has also been tasked to identify, analyse and develop investment platforms that, similar to financial instruments, look to channel funding (often from both public and private sources) through intermediaries to groupings of projects that are either sector or geographically focused. These platforms also often involve the combination of EU funding sources, most notably ESI Funds and EFSI.
As a (Senior) Investment Platform advisor, and based on your experience in managing, analysing, investing in and/or lending to investment funds or financial intermediaries, you will be responsible for providing bespoke advice primarily to public sector authorities on the design, set up and implementation of these types of financial instruments. As part of this work, you may also need to co-ordinate the use/input of external consultants and co-operate with other Departments of the Bank, including the ElB's product development and geographical lending teams, as well as potentially the European Investment Fund (EIF).
(*) 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 languages
We 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 (*).
Deadline for applications: 17th December 2018
You can apply by using ''this link''.
(*) We particularly welcome applications from women and persons with disabilities.