Company Details

The Belgian Investment Company for Developing Countries (“BIO”) is a development finance institution controlled by the Belgian government that seeks to support the private sector in developing countries by investing in local enterprises, either directly or indirectly (e.g. through financial institutions or investment funds).

 

Location

Brussels

Your role

As a Senior Special Operation officer, you will be responsible for supervising a portfolio of structured loans in distress with as mission to minimize the financial losses in BIO’s P&L while preserving as much as possible the client business and minimizing the environmental and social risks/consequence arising in such situations.
The variety of sectors and geographies covered by the Special Operation unit are mirroring BIO’s international activities
Tasks and responsibilities:
• Monitors the loans @ risk (non-performing or potentially non-performing loans) in BIO’s portfolio of projects:
o SMEs: (Manufacturing, Food production, …)
o Financial Institutions : Banks, Microfinance institutions, leasing compagnies…
o Project Finance: Infrastructure, energy efficiency…
• Proposes actions to preserve BIO’s interests while guaranteeing long-term financial and developmental viability of the project. For that purpose, negotiations and interactions with client’s senior management and other stakeholders are essential to find solutions.
• Leading the restructuring process/realization of assets pledged and workout strategies,
• Present restructuring/waiver notes (or any other Special Operation related request) to BIO’s decision bodies (Credit or Investment Committee).
• Permanent member of the Special Operation Committee that aims at validating all the actions to be taken in the framework of the restructuring processes and proposes them to BIO’s decision bodies.
• Actively participates to lender’s calls/(syndication/club deal) meetings and defends BIO’s interests
• Supervises the ad hoc reporting on projects @ risk to relevant BIO authorities
• Establishes the link with Treasury, especially in case of disruptive event impacting a hedge (cross currency interest rate swaps) linked to a loan to be restructured.
• Gives input for the provisioning and impairment exercise, twice a year: preparation of scenarios, comments and justification …
• Prepares “Lessons Learned” and presents them internally – knowledge transfer
• Formulates recommendations for the improvement of processes and guidelines
• Performs macro analysis on the Loan Portfolio @ risk (evolution of the cost of risk on loans, analysis of risk triggers, Default rate per cluster/sector/region/country …)

Profile

High level education in Business Administration, Economics, Finance or any related fields
• Minimum of 10 years of relevant work experience in Corporate banking, Investment in a bank, an investment company or an audit company
• Familiarity with portfolio monitoring concepts (reporting, waiver management …) and significant expertise in credit/investment risk management/analysis including expertise in recovery, restructuring processes and negotiations.
• Relevant experience in at least two of the clusters covered by the Special operation unit: SME/Financial institutions/Project Finance,
Language skills: Fluency in English. Good written and oral level required in French and Spanish (for client follow up purposes)
• Excellent communication and negotiation skills
• Ability to take initiatives, learn quickly and not afraid of challenges
• Knowledge in Foreign exchange risk hedging (swaps) is an asset
• Interest/experience for impact investing and developing markets,
• Good knowledge of MS Office
• Willingness to travel when required, meet and discuss with clients, other lenders, peers …

Offer

We offer a rich professional experience, with motivated colleagues, an attractive package and a good word-life balance.

Recruiter

Thomas Destrebecqz