|Entity:||European Investment Bank|
|Deadline:||Wednesday 14th September 2016|
The EIB, the European Union’s bank, is seeking to recruit for its Legal Directorate (JU) – Legal Department Corporate (CORP) – Procurement, Decentralized Financial Instruments and Administrative Law Division (PDA) at its headquarters in Luxembourg, a:
Lawyer for Advisory Services – Financial Instruments
The term of this contract is 3 years
The EIB offers fixed-term contracts of up to a maximum of 6 years, according to its 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 (ESIF) during the 2014 -2020 programming period. Financial Instruments (FI), 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.
The successful candidate will assist the Head of Division, together with other legal advisers, in providing legal support mainly to the Advisory Services Department in the field of ESIF and FIs. S/he may also be asked to provide legal support in relation to other tasks and competences of the division.
Advisory Services include all expert advice and expertise based tasks delivered by the EIB or by consultants managed by EIB with the aim of assisting other EU institutions, national and local authorities, project promoters and financial intermediaries to develop and implement programmes and projects.
The lawyer will report to the Head of Division and will provide her/his support in particular to Advisory Services.
The lawyer will carry out work relating to Advisory Services matters, with a particular focus on ESIF and FIs, and other tasks within the Division’s remit and will independently manage the relevant dossiers. S/he will operate under the supervision of the Head of Division, whose instructions s/he will follow when dealing with complex issues and whose approval s/he will seek on fundamental or unusual matters. S/he will:
- Draft and advise on the legal framework for Advisory Services in relation to FI and ESIF (including conclusion of contracts and completion of all related legal formalities)
- Manage contracts and negotiations
- Advise on the legal aspects of FI structures and ESIF related matters, including advising on and developing new product structures (which may include layered fund and guarantee structures) that combine ESIF with other EU budgetary funds and/or with funds from the European Fund for Strategic Investments (EFSI)
- Liaise where necessary with external consultants and supervise their work
- Liaise with the European Commission and Member State authorities
- Undertake research and conduct legal studies on problems of law arising in connection with the Bank’s operations and in the context of deploying FIs
- University degree in law
- A qualification or professional experience in both common law and civil law would be a distinct advantage
- At least 3 years of professional experience in EU law
- Familiarity with the relevant regulatory provisions and operational frameworks that govern the implementation of ESIF FIs, such as the Structural Funds legislation, EU Financial Regulation and EU State aid rules
- Knowledge of banking products
- Familiarity with standard IT tools
- Excellent knowledge of written and spoken English is required. A good knowledge of French would be an advantage (*). Knowledge of another language of the European Union would be an asset
- Ability to analyse, summarise and resolve problems
- Ability to develop innovative legal solutions
- Ability to draft documents promptly
- Good interpersonal and negotiating skills
- Ability to argue convincingly and achieve a consensus among colleagues and third parties on official legal matters
- Team player
- Well-organised, with the ability to prioritise (meet deadlines)
(*) 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.
Deadline for applications: 14th September 2016
We believe that Diversity is good for our people and our business. We promote and value diversity and inclusion among our staff and candidates; irrespective of their gender, age, nationality, race, culture, education and experience, religious beliefs, sexual orientation or disability
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