Principal Banker

Job Posting Organization:
The European Bank for Reconstruction and Development (EBRD) is an international financial institution that was established in 199

• Its mission is to promote the transition to market economies and to foster private and entrepreneurial initiative in countries across Europe, Central Asia, and the Southern and Eastern Mediterranean. The EBRD operates in over 30 countries and employs approximately 2,000 staff members. The organization focuses on various sectors, including banking, infrastructure, and energy, and aims to support sustainable development and economic growth in the regions it serves.

Job Overview:
The Principal Banker role is situated within the Financial Institutions Middle East and Africa (MEA) team, primarily focusing on operations in Nigeria while also engaging with the wider region. The role encompasses a broad range of responsibilities, including project development, structuring, execution, and monitoring of investment instruments offered by the Bank. The Principal Banker is expected to lead project teams, supervise junior staff, and contribute to business development and client management. This position requires a deep understanding of financial institutions, including banks and non-bank financial entities, and involves working with various financial products such as debt instruments, equity investments, and sustainability bonds. The Principal Banker will also engage in policy dialogue and contribute to the Bank's strategic objectives in the region.

Duties and Responsibilities:

• Structuring and Execution: The Principal Banker will work as a senior project team member, contributing to complex transactions and supporting the Operation Leader in managing the project team. Responsibilities include leading negotiations, managing resources, overseeing due diligence processes, and ensuring compliance with the Bank's standards.
• Portfolio Monitoring, Value Creation and Reporting: The Principal Banker will monitor projects, provide guidance to junior team members, and ensure high-quality reporting and compliance with donor requirements.
• Policy Dialogue: The role involves contributing to policy dialogue initiatives, supporting efforts to procure grants and technical cooperation funds.
• Business Development: The Principal Banker will assist in marketing efforts, develop market contacts, and screen project proposals to identify viable investments.
• Staff Management: Responsibilities include recruiting, training, and mentoring junior bankers, ensuring quality project work, and fostering professional development within the team.

Required Qualifications:
Candidates must possess a Bachelor’s degree, with a Master’s degree preferred or equivalent experience in relevant fields. Professional qualifications such as ACA, CFA, ACCA, or CIMA are desirable. Strong quantitative skills, credit analysis capabilities, and proficiency in financial modeling are essential. Candidates should also demonstrate excellent stakeholder management, coaching, and leadership skills, as well as the ability to work under pressure and meet deadlines. Proficiency in English is mandatory, and knowledge of the local language is advantageous.

Educational Background:
A Bachelor’s degree is required for this position, with a preference for candidates holding a Master’s degree or equivalent experience in finance, economics, or a related field. Professional qualifications such as ACA, CFA, ACCA, or CIMA are also desirable, indicating a strong foundation in financial principles and practices.

Experience:
Significant experience in the financial industry is required, ideally from an investment or commercial bank, private equity firm, or asset management firm. Candidates should have practical experience in leading complex transactions throughout the project life cycle and possess relevant knowledge of financial sector dynamics in Nigeria or similar developing economies. Experience in understanding country and regional dynamics is also essential.

Languages:
Fluency in English is mandatory for this role, with excellent written and oral communication skills. A good command of the local language is considered an advantage, enhancing the ability to engage with local stakeholders and clients effectively.

Additional Notes:
This position is a regular contract role based in Lagos, Nigeria, with a contract length that is not specified. The EBRD promotes a hybrid workplace model, offering flexibility to employees. The organization values diversity and encourages applications from qualified candidates regardless of their background. The EBRD provides a comprehensive suite of competitive benefits and prioritizes employee wellbeing.