Job description / Role
Job Description: Young Professional, Private Sector and Non-Sovereign Guaranteed Transactions (Two positions)
Closing on: December 19, 2023 at 11:59pm (China Standard Time)
Based in: Shanghai, China
Target Market: Global recruitment
Under the leadership and guidance of the Director General and Chief(s) in Private Sector and Non-Sovereign Guaranteed Transactions Department, and other experienced professionals, who will be assigned as mentors, the Young Professional will be assigned to one of the two divisions: a) Infrastructure Division; or b) Financial Institutions and Markets Division. The Young Professional will contribute to all phases of the project cycle, including project structuring, execution, implementation and monitoring.
The Young Professional will take responsibility for the tasks assigned to him/her by the project team leader or more senior professionals in the project team, which may include undertaking comprehensive due diligence, including financial, market, integrity and NDB’s policies related, as well as effective post-signing implementation and monitoring, as required.
Specific responsibilities include but not limited to:
Structuring and execution:
• Work as a project team member on transactions, contributing to all aspects of project structuring and execution, including comprehensive research and analysis of background materials, market information and financial performance data; analyse and evaluate potential risks related to the proposed project, including analysis of financial statements, preparing and updating financial models and financial projections
• As may be requested, assist with communication with other internal units of the Bank, clients and other stakeholders, at the operational level, such as preparing draft correspondence, presentations, and following up on internal emails
• Ensure that all tasks assigned are completed within the specified time frames to a high quality and in line with the policies, procedures and objectives of the Bank.
• Monitor project implementation (until first disbursement):
• As requested by the project team leader, undertake assigned tasks relating to the implementation and monitoring of projects to which the Young Professional is assigned as part of the project team, including compliance with project agreements and Bank procedures related to disbursement, monitoring of progress of the project and financial performance of the client, assessing evolving risk factors and monitoring and assessing covenant compliance
• As requested by the project team leader or more senior member of the project team, prepare timely and comprehensive draft monitoring reports and include recommendations for corrective actions where required and ensure these corrective actions and recommendations are brought to the attention of more senior team members.
• Other duties and responsibilities assigned from time to time.
• Minimum of 3 years of relevant full-time professional experience (excludes summer/winter jobs, internship, traineeship, articleship, etc.)
• Relevant financial industry experience from an international or national development financial institution, investment or commercial bank, private equity firm, asset management firm, or auditing/financial consulting firm operating to international standards.
• Exposure to infrastructure, or financial and capital markets is desirable, to include inter alia understanding of the sector specifics, and regulation.
• Experience in working in the member countries of the Bank.
• Quantitative/numerical skills are critical with the ability to interpret financial information and to design and use financial models.
• Credit analysis skills, with the ability to interpret accounts, understanding local and international accounting principles and practice of credit analysis.
• Computer literacy, conversant with Microsoft Office and spread sheet packages including financial analysis and modelling modules.
• Good understanding of relevant systems and processes.
• Ability to work effectively as a team member and to deadlines and under time pressure.
• Good written and oral communication skills in English.
• Fluent in one of the NDB member countries languages.
• Master’s Degree or equivalent in a relevant field from a reputed university. Professional qualification such as ACA, CFA, ACCA, or CIMA desirable.
About the Company
The New Development Bank (NDB) is a multilateral development bank (MDB) established by Brazil, Russia, India, China and South Africa (BRICS) with the objective of financing infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. NDB’s work complements the efforts of multilateral and regional financial institutions, toward global growth and development.
Our work is centered around maximizing the impact of development in a fast, ﬂexible and eﬃcient manner. To catalyze the kind of development we envisage, we are always keen to listen, learn and collaborate with other MDBs, governments, ﬁnancial institutions and social organizations.
To fulfill its purpose, the Bank supports public or private projects through loans, guarantees, equity participation and other financial instruments.
Our headquarters is in Shanghai, China. The geographic distribution of NDB’s operations is becoming increasingly balanced as the Bank develops its capacity to identify and prepare projects in all member countries. The first regional office of NDB – the Africa Regional Centre (ARC) – was opened in Johannesburg, South Africa, in August 2017. In July 2019, NDB began to build the Americas Regional Office team, based in São Paulo, Brazil, with a sub-office in Brasília. NDB and the Government of Russia signed the Agreement on the Hosting of the NDB Eurasian Regional Centre in Moscow, Russia on the sidelines of the 11th BRICS Summit in Brasília in November 2019.