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Principal Economist, Blended Finance

Posted: 23 Dec 2020 Closes: 21 Feb 2021
London, GB Competitive
Fixed term & Full time 1959737597

Purpose of Job

The EBRD often uses concessional finance in its financing packages for clients and beneficiaries. The use of concessional finance at EBRD is governed by rules ensuring compatibility with the EBRD's mandate of building market based economies. The Principal Economist, Blended Concessional Finance is a member of the Sector Economics and Policy (SEP) pillar in the Economics, Policy and Governance department (EPG) in VP Policy and Partnership and plays a core role in implementing the Bank's mandate to promote transition in the EBRD's countries of operations (COOs) when using concessional finance. Working in close cooperation with concessional finance stakeholders in the EBRD (including the Banking department, DCF, Risk, ESD, OGC, OCE) he/she is responsible for the application of the Bank's guidelines for using blended concessional finance.

Specifically the appointed person is responsible for, inter alia, assessing the use of concessional finance in EBRD projects on behalf of EPG, maintaining and updating EBRD's rules on concessional finance, driving relevant internal processes related to concessional finance, coordinating with internal stakeholders the use of concessional finance in projects and participating in external activities related to concessional finance. The Principal Economist also contributes to other activities of SEP and EPG either directly or indirectly related to the use of concessional finance.

Accountabilities & Responsibilities

  • Appraises the use of concessional finance in EBRD projects in line with internal EBRD guidelines and the DFI Enhanced Principles for the Use of Blended Concessional Finance in Private Sector Operations
  • Maintains and updates the EBRD internal rules for using concessional finance and drives the process of their internal implementation in EBRD's operating procedures;
  • Coordinated with stakeholders concessional finance funds and applications for donor funds to ensure alignment with the guidelines and compatibility with the EBRD market building mandate
  • Provides expert input and prepares analytical and briefing notes and presentations for the VP Policy and Partnerships senior management related to concessional finance
  • Responsible for associated input related to concessional finance into management briefing for Board and other Committee meetings, including management responses to the Board and, on occasion, bespoke papers, presentations or other inputs for such Committees;
  • Participated and represents the Bank in external events (conferences, dialogues with IFI counterparts, government officials, think tanks, etc.) in the area of concessional finance;

Qualifications & Skills / Experience & Knowledge

  • Sound understanding of microeconomics and impact of concessional finance in building, sustaining or distorting market based allocation across competitive sectors, network industries and banking, as well as in private and public sector operations
  • Solid understanding of project financing and the role and different incentives provided by commercial and concessional finance; An ability to understand credit analysis of investment projects is an advantage
  • Experience with effectively sizing (minimising) or allocating concessional finance gained through work in either IFIs, relevant government ministries or donor agencies
  • A strong postgraduate degree in economics/finance or related field from a leading university; a PhD in economics/finance or closely related discipline is an advantage
  • Proven analytical and quantitative skills;
  • A proactive attitude and experience in stakeholder engagement; Good client-facing skills and experience in communicating with stakeholders;
  • Excellent written and oral communication skills in English;
  • Familiarity with the EBRD region of operations and work experience in the region is helpful. Knowledge of one or more languages of the region is an advantage.

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.

Job Segment: Financial, Bank, Banking, Economics, Credit Analyst, Finance


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