Back Associate Banker, Fund Investments

Requisition ID 35012 Office Country United Kingdom Office City London Division Banking Sectors Contract Type Short Term Contract Length 12 months Posting End Date 19/09/2024

Purpose of Job

The Funds Team is responsible for EBRD’s investments in funds. It makes commitments to commercially operating and financial return driven private equity, venture capital, infrastructure and other funds with a real asset strategy that invest in the EBRD countries of operations (see https://www.ebrd.com/where-we-are.html). From 2025 onwards, these will also include certain countries in Sub-Saharan Africa. The Funds Team also monitors these fund investments post commitment and manages a growing portfolio of approx. 150 funds. The team operates like an institutional fund-of-funds manager or institutional investor. EBRD is one of the largest fund investors in its investment geography.

The Funds Team seeks to fill a twelve-month position (maternity cover) at Associate level at the EBRD HQ in London with a (non-exclusive) focus on infrastructure, climate/energy transition and real asset (such as natural capital, digital infrastructure or real estate) focused debt and equity funds. The flexibility to work partially remotely in accordance with EBRD's applicable policies and frequent business travel are part of the role.

The Associate contributes to all phases of the investment process. These include the origination and assessment of fund proposals of predominantly the above strategies, the investment approval, structuring and execution of EBRD's commitment and the subsequent monitoring of such investments. The Associate will take responsibility for those tasks assigned by the Operation Leader (the responsible lead transactor), or may, where appropriate, also assume to role of Operation Leader under the supervision of a more senior investment professional. The Associate role may also include elements of business/pipeline development and client management.

Accountabilities & Responsibilities

• Assume a significant pro-active role in all aspects of the execution and implementation of a certain number of fund investments, including preparing drafts of internal approval documents and planning and conducting due diligence as part of the deal team.
• Ensure that all steps and milestones of the transaction are completed within the specified timeframes, to a high quality.
• Monitor a portfolio of signed commitments in line with the legal documentation and internal requirements.
• Assess consent, waiver and amendment requests from fund managers, propose and implement, under the supervision of the Operation Leader and/or the respective Regional/Sector Head, an appropriate response and seek, where necessary, the required internal approvals
• Carry out other relevant tasks assigned by more senior invest professionals.
• Where appropriate, review and supervise the deliverables of more junior team members.
• Assist, as required, with marketing and business development efforts.

  Qualifications, Skills, Experience & Knowledge

  • i) Master’s degree or (ii) Bachelor's degree together with relevant professional experience and/or additional professional qualification such as CFA.
  • Developed analytical and numerical skills; logical reasoning and ability to interpret data.
  • Self-motivated and a passion for the investment strategies of the role.
  • Attention to detail.
  • Ability to work accurately under pressure, managing multiple tasks simultaneously having regard to varying deadlines. Good communicator.
  • Conscientious, reliable, flexible and highly organised, able to prioritise and work independently.
  • Ability to draft/edit well-structured, concise, coherent and accurate long-form documents in professional business English.
  • Excellent command of the spoken and written English language.
  • Ability to converse and work in international environments with appropriate business etiquette.
    • Strong team player, able to integrate in a small multi-national team and able to liaise with professionals of different backgrounds and nationalities inside and outside EBRD.
    • Fund investment experience, ideally with a fund-of-funds manager, asset management firm, institutional investor in any of the above investment strategies; and/or
    • Investment/investment advisory experience in any of the investment strategies of the role, ideally with a fund manager, asset management firm, institutional investor, investment bank, advisory firm or the investment arm of an EPC contractor.
    • Experience in emerging markets would be an asset.

      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.

        Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).