Back Principal Banker Equity Funds

Requisition ID 35005 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 Principal 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 (not direct equity investments). The flexibility to work partially remotely in accordance with EBRD's applicable policies and frequent business travel are part of the role.

The Principal assumes, as \"Operation Leader\", the responsibility for delivering on all tasks related to the investment process, reporting to the Regional/Sectorial Head. This includes the origination and assessment of fund proposals of predominantly the above strategies. The Operation Leader will take responsibility for effective leadership of project (investment transaction) teams, supervision of junior staff, while contributing to their coaching and providing mentoring assistance, as required. The role also involves the responsibility for an assigned portfolio of existing fund investments, either directly or by supervising more junior investment professionals and representing EBRD on fund advisory committees and more generally, for example at conferences.

Accountabilities & Responsibilities

• Lead as Operation Leader and take responsibility for the execution and implementation of a certain number of fund investments. This includes all steps of the investment cycle from origination, assessment of proposals, obtaining the required investment approvals including the preparation of investment papers, the structuring of EBRD's commitment and the negotiation of the legal documentation.
• Ensure that such signed commitments are adequately monitored and managed, including the resolution of amendments, waivers and consents.
• Maintaining relationships externally, such as with fund managers and fund investors, and internally such as sector teams and support teams.
• Assume, in conjunction with and under the supervision of the relevant Regional/Sector Head the responsibility and coordination of the infrastructure, climate/energy transition and real asset investment activity, and possibly of a certain geographical region.
• Originate investment opportunities in the above areas.
• Provide guidance and coaching to more junior colleagues.
• Represent EBRD on advisory committees and at external events

  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.
  • Project management skills, ability to lead and manage project (investment transaction) teams.
  • Self-motivated and a passion for the investment strategies of the role.
  • Attention to detail.
  • 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.
    • Seven years' or more 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).