Office Country
United Kingdom
Contract Length
12 months
Posting End Date
29/03/2023
Purpose of the Job
The Equity Funds Team is responsible for EBRD’s investments in funds and the associated post-investment monitoring and portfolio management of these funds. The team works in a way similar to an institutional fund-of-funds manager or institutional investor. It invests primarily in commercially operating private equity, venture capital and infrastructure funds focused on investing in the EBRD countries of operations (see https://www.ebrd.com/where-we-are.html). EBRD is one of the largest equity fund investors in its investment geography.
The Equity Funds Team is seeking to fill a [ ]-months Intern position at the EBRD HQ in London, with the flexibility to work partially from home in accordance with EBRD's current policy.
The Intern is expected to support members of the Equity Funds Team predominantly with research and ad hoc tasks, but also, possibly as a member of specific investment teams, across the full investment cycle (see below) and in post investment fund monitoring. The Intern is expected to attend meetings (virtual or in person) alongside members of the Equity Funds Team.
Background
The investment cycle involves several stages from the initial review, selection and assessment of a fund investment proposal, various internal approvals, due diligence and legal documentation, followed by monitoring and reporting on the performance of the fund investment.
Accountabilities & Responsibilities
Working under the supervision of the operation leader or a more senior team member, core responsibilities for this role may include, but may not be limited to, the following:
Portfolio Monitoring, Value Creation and Reporting:
- As requested by the operation leader or a more senior team member, undertake assigned tasks relating to the implementation and monitoring of fund investments including reviewing reports from fund managers, monitoring the fund’s financial performance, and assessing evolving risk factors.
- As requested by the operation leader or a more senior team member, assist with the preparation of timely and comprehensive monitoring reports.
- Monitoring and assessing funds’ covenant compliance, as well as other more administrative aspects of monitoring.
- Prepare internal documentation, including database reporting, assistance with the valuation process, preparation of ad hoc reports and briefing notes.
- Provide support to operation leaders and/or more senior members of the team with other ad hoc tasks as required.
Structuring and Execution:
- Contribute to aspects of the investment approval cycle, including assisting with the preparation of internal investment memoranda, particularly less complex areas of a memorandum (e.g. tables, charts, annexes). This may entail background and information searches, carrying out integrity analysis and market research, assisting financial analysis or taking responsibility for a specific section in an approval document.
- Ensure that all tasks assigned to the Intern are completed within the specified timeframes, to a high quality, and in line with the policies, procedures and objectives of the Bank.
Qualification & Skills / Experience & Knowledge
Qualifications and Skills:
- A graduate currently enrolled and working towards a further degree in economics, finance, engineering or law or a graduate in any other discipline with proven interest in emerging markets and private equity, venture capital or infrastructure..
- Developed analytical and numerical skills; ability for logical reasoning and accurate interpretation of data. Attention to detail is critical.
- Business writing skills, with the ability to write well-structured, concise, consistent and accurate long-form documents in professional business English.
- Computer literacy, conversant with Microsoft Office packages, including financial analysis and modelling modules.
- Strong team player, able to integrate into a small multi-national team and able to liaise with different departments within the Bank remotely and in person.
- Ability to work quickly and accurately under pressure, managing multiple tasks to meet varying deadlines.
- Conscientious, reliable, flexible and highly organised, able to prioritise and work independently asking questions where necessary.
- Fluent in English, with good written and oral communication skills.
Experience & Knowledge:
- Relevant financial industry experience would be an advantage (e.g. experience and/or internship(s) with a fund manager, investment bank, asset management firm, or auditing/financial consulting firm operating to international standards).
- Preferable knowledge and/or understanding of the fund-of-fund’s business model and/or emerging markets private equity, venture capital or infrastructure.
- Interest in the mission of EBRD and in private equity, venture capital and/or infrastructure funds as an asset class.
Challenges
- Managing multiple tasks to meet varying deadlines.
- Completing tasks to a high degree of accuracy.
- Working well as part of a multi-national team.
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.
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