Banking Countries of Operations
Posting End Date
Purpose of Job:
Cairo (Egypt) Resident Office of the EBRD is looking to hire an Associate Banker to assist with managing the private corporate debt portfolio in Egypt contributing to the effective implementation and (risk) monitoring of signed EBRD projects.
The Associate Banker will initially support other more experienced bankers to manage their portfolio of projects under the overall guidance and supervision of the Director, Head of Egypt and Portfolio Associate Director (PAD). Once the Associate Banker acquires the skills and competences to manage transactions independently, he/she will become Portfolio Operation Leader (POL) and take charge of a number of transactions as agreed with the PAD and Egypt country management. The Associate Banker is expected to identify and originate new transactions alongside other bankers, but their role in origination will be limited primarily to repeat transactions with his/her portfolio clients. The focus of the Associate Banker may change according to the business needs and as directed from time to time by the Director, Head of Egypt.
This position is an interesting opportunity for a (junior) banker interested in supporting EBRD’s activities in Egypt. This banker will benefit from EBRD’s training programs to develop his skills to manage and monitor a diverse pool of clients.
Accountabilities & Responsibilities:
Under the guidance and supervision of the PAD / Director, Head of Egypt and in line with the terms of reference for the POL, the Associate Banker’s main tasks will include, inter alia:
- Take responsibility as POL or Team member for the day-to-day implementation and monitoring of all projects to which the Associate Banker is assigned, including compliance with project agreements and Bank procedures related to disbursement; monitoring of progress of the project implementation and financial performance of the client; assessing evolving risk factors and monitoring and assessing covenant compliance.
- Detect and resolve early signs of distress through proactive client engagement, planning and executing client visits and reporting promptly on potential breaches or issues. The Associate Banker may participate in restructurings of portfolio transactions.
- Prepare timely and comprehensive monitoring reports and include recommendations for corrective actions where required and ensure these proposed corrective actions and recommendations are brought to the attention of more senior team members; perform timely processing of waivers, amendments and consents and conduct self-evaluation of projects and provide feedback to origination teams.
- As Technical Cooperation (TC) operation leader, ensure effective implementation and monitoring of TC assignments to ensure their compliance with donor reporting requirements, operational objectives and that all reports are of a high quality;
- Be alert about new financing opportunities with portfolio clients, and if and when such opportunities are detected, seek immediate guidance from PAD, who will duly inform the Regional Director and Sector Directors;
- Undertake regular surveillance of local economic, political, regulatory and sector environments in the country and region that could affect credit standing of the clients as well as the Bank’s internal reporting.
- The responsibilities of the Associate Banker are designed to allow them to progressively undertake tasks that are more complex and build the scope of responsibilities based on acquired experience and expertise.
Qualifications & Skills / Experience & Knowledge:
Qualifications and Skills:
- Bachelor’s degree in the relevant field (e.g., economics, finance, accounting, business administration, law) required. Master’s degree preferred.
- Proven interest and sound understanding of business and finance.
- Professional qualification such as ACA, CFA, ACCA, or CIMA desirable.
- Strong quantitative/numerical skills are critical with the ability to interpret financial information and to design and use financial models.
- Credit analysis skills, with the ability to interpret accounts, understanding local and international accounting principles and practice of credit analysis.
- Computer literacy, conversant with Microsoft Office and spread sheet packages including financial analysis and modelling modules.
- Excellent understanding of relevant systems and processes.
- Ability to work effectively as a team member and to deadlines and under time pressure.
- Excellent written and oral communication skills in English and Arabic.
Experience & Knowledge:
- A minimum of three years of financial industry experience from an investment or commercial bank, private equity firm, asset management firm, or auditing/financial consulting firm operating to international standards.
- Practical experience of participating in transactions through the full project life cycle.
- Exposure to industry/country experience.
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.