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Intern

Posted: 15 Jun 2021 Closes: 29 Jun 2021
London, GB Competitive
Internship EBR_21566

Purpose of Job

The Equity Funds' Team is responsible for the EBRD's equity fund portfolio and works in a similar way to an institutional fund of funds manager. EBRD's support of private equity fund managers helps improve the supply of equity capital and accelerates the development and institutionalisation of the private equity in the region.

The EBRD has a portfolio of c. 120 active funds developed over a number of years. The Equity Funds Team is seeking to fill an initial 6 month internship position at the EBRD HQ in London or, depending on the prevailing Covid situation and EBRD approach at that time, remotely from the person's location within a Shareholder country of EBRD. The role of the Intern includes, but is not limited to, tasks to contribute to the project lifecycle (including due diligence, implementation and monitoring) and carry out analysis of the EBRD's portfolio of equity funds.

Accountabilities & Responsibilities

Working under the supervision of Equity Funds' team members, core responsibilities for this role may include, but may not be limited to, the following:

  • Assistance in preparing documentation for new projects, for example, through background and information searches, carrying out integrity analysis and independent market research, assisting financial analysis or taking responsibility for a specific section in a submission document.
  • Assistance with drafting documentation for existing projects, such as monitoring reports or data analytics (datasheets).
  • Review reports from fund managers and their underlying portfolio companies.
  • Prepare internal management documentation, including: database reporting, assistance with fair value process, preparation of ad hoc reports and briefing notes.
  • Provide support to Operation Leaders with ad hoc tasks associated with monitoring or developing projects.

Other tasks may include supporting team members on:

  • Impact reporting - develop an impact reporting grid and trial population of the same by a sample of funds. Carry out feasibility study and analyse results.
  • Climate change - review current practice of recording carbon emissions/savings amongst institutional limited partners.
  • Statistical analysis, for example:
  • Compile public and EBRD sources to show equity fund activity in the region by dry powder, fund focus, country and by any other classification as required. Analyse the private equity gap.
  • Analyse movement of the portfolio returns in light of the economic performance of each country, the sector and the overall economic environment.
  • Carry out an analysis of the funds operating in the Bank's region and create market studies as required for each country or region to support new projects.
  • Support data analysis on the EBRD's equity funds' portfolio in order to prepare presentations, panel discussions, general reports or briefing packs for internal or external consumption.
  • Support data analysis on the EBRD's equity funds' portfolio, including identifying outliers and trends for input into internal and external reports on private equity performance.
  • Reviewing and updating ILPA and other associations' principles and updating templates.

  • Any other ad hoc tasks as required.

Knowledge, Skills, Experience & Qualifications

Skills and experience
  • A graduate currently enrolled and working towards a further degree in economics, finance or engineering fields or a graduate with proven interest in emerging markets and private equity.
  • Preferable to have knowledge and/or understanding of the fund-of-fund's business model and/or emerging markets private equity.
  • Excellent technical abilities and proven experience of computer systems and data manipulation skills.
  • Developed analytical and numerical skills; ability for logical reasoning and accurate interpretation of data.
  • Ability to write well-structured and concise documents in English. Fluent English both written and spoken.

Competencies and personal attributes
  • Strong team player, able to integrate into a small multi-national team and able to liaise independently with different departments within the Bank.
  • Ability to work quickly and accurately under pressure, managing multiple tasks to meet varying deadlines.
  • Analytical background with strong emphasis on being able to work under own initiative to carry out independent analysis.
  • Conscientious, reliable and flexible with a professional attitude and good communication skills.
  • Highly organised, able to prioritise and work independently asking questions where necessary.

Eligiblity
  • You are eligible to apply if you are a national of one of EBRD's shareholders or countries where the EBRD works.

For more information on the EBRD, please see www.EBRD.com.

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.

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