European Bank for Reconstruction and Development (EBRD)
Policy and Partnerships
Posting End Date
Purpose of Job
EBRD’s business model is increasingly reliant on access to donor funds and donor expertise to deliver on its transition mandate and business plans. In recent times, donors have been extending a variety of new financial instruments to the Bank and its clients, in the form of concessional loans, equity, investment grants and guarantees – both funded and unfunded. Such instruments are likely to grow in volume and frequency going forward. The war on Ukraine has accentuated this trend with multiple donors supporting the Bank via financial instruments. The aim of this job is to help the Bank welcome and manage donor support from its bilateral donor community in the form of innovative financial instruments with a focus on guarantees, both funded and unfunded. Initially, the focus on the job is on Ukraine however this may change over time.
The Principal Guarantee Manager works in close cooperation with bilateral relationship managers in DCF to ensure a strong, productive relationship with the Bank’s bilateral donor community, and across the Bank with teams drawing on donor supported guarantee schemes. Together with senior management in DCF, the Principal Manager will represent the Bank in internal and external committees/working groups and donor organised seminars/events related to guarantee funded products.
Accountabilities & Responsibilities
For funded guarantees:
- Perform a role of a fund manager of the Crisis Response Special Fund:
(1) Support DCF relationship managers and senior management in raising support for the Fund;
(2) Ensure all legal documentation is in place for donor contributions to the Fund, working closely with OGC, and negotiate and organise donor contribution agreement signings;
(3) Engage with Banking teams to prioritise the use of funds and prepare project fiches;
(4) Secure all internal and donor approvals for project fiches;
(5) Financial management of the Fund;
(6) Conduct all reporting as required by donors and the Fund rules, and communication to all stakeholders For unfunded guarantees:
- Take a lead role in the development of unfunded guarantees supported by the Bank’s bilateral donors, initially in relation to the Bank’s loans extended to Ukrainian clients, and be accountable for their overall delivery, partnering with key operational and corporate business teams across the Bank:
(1) Cooperate with DCF relationship managers in initiating discussions with bilateral donors as regards the establishment of new unfunded guarantees;
(2) Lead negotiations with bilateral donors on the establishment of unfunded guarantee schemes, coordinating closely with colleagues in Banking, OGC, Risk and other relevant teams;
(3) Lead the operationalisation and secure internal approvals for unfunded guarantees in line with established RiskCom Guidelines and other relevant Bank’s procedures;
(4) Advise Banking teams in the start-up phase of using bilateral unfunded guarantees and provide guidance during project implementation to ensure compliance with donor expectations and requirements;
(5) In coordination with DCF relationship managers who maintain the main relationship with the bilateral donors, ensure effective delivery of agreed unfunded guarantees, including the provision of timely and high-quality donor reporting and visibility actions, plus any communication as set out in the respective guarantee agreements (guarantee effectiveness, defaults, etc.)
For all guarantees:
- Contribute to the development of clear systems, guidelines, templates, processes and principles for designing and managing funded and unfunded guarantees in line with the Bank’s broader principles and guidance for externally provided guarantees;
- Ensure that donor requirements for guarantees are well understood and addressed within internal EBRD committees and working groups;
- Provide advice and input into the development of the Bank’s donor funding policies and strategies as regards donor guarantees;
- Support all internal communication on these guarantee schemes, and develop and contribute to bespoke training of staff;
- Ensure the provision of timely and adequate information to donors and to the Board in respect of donor guarantee programmes.
Knowledge, Skills, Experience & Qualifications
- Strong understanding of the economic, political and environmental challenges in the global international development field and aid architecture
- Excellent understanding of banking, financial products and the design and management of innovative financial instruments
- Excellent understanding of broader banking operating models and donor project management development systems
- Strong understanding of the type of activities in which the EBRD engages. Knowledge of, or experience, in the EBRD countries of operations would be an advantage.
- Excellent networking, partnering and diplomatic skills and ability to influence others using data or analysis to support line of reasoning
- Strong commercial negotiation skills to work with a variety of donor partners
- Strong organisational skills and ability to work on own initiative, as well as in teams
- Strong numerical and analytical skills
- Strategic thinking and ability to articulate broader visions as well as tactical solutions to complex problems
- Familiarity with the international development debate and donor landscape
- Fluency in English, both written and verbal. Fluency in another Western European language or Ukranian would be desirable
- Computer literate: Windows XP: Microsoft Outlook, Word, Excel, PowerPoint. Ability to use SAP
- At least 9 years of professional experience in a relevant area of work
- Professional experience from an international financial institution, especially in a banking department, or bilateral donor agency a strong advantage
- Strong banking skills, in particular in financial engineering with experience and ability to design and manage innovative and emerging financial instruments
- Masters degree in economics, finance, law or equivalent field.
What is it like to work at the EBRD?
Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people’s lives and help shape the future of the regions we invest in.
The EBRD environment provides you with:
- Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in;
- A working culture that embraces inclusion and celebrates diversity;
- An environment that places sustainability, equality and digital transformation at the heart of what we do.
Diversity is one of the Bank’s core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote flexible working and expecting our employee to attend the office 50% of their working time.