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Financial Engineering Manager


Vacancy details

General information

Organisation

The European Climate, Environment and Infrastructure Executive Agency (CINEA) started its activities on 1 April 2021 in order to implement parts of certain d EU programmes in the field of transport and energy infrastructure; climate, energy and mobility research and innovation; environment, nature and biodiversity; transition to low-carbon technologies; and maritime and fisheries. CINEA plays a key role in supporting the EU Green Deal through the efficient and effective implementation of its delegated programmes. The Agency fosters an efficient knowledge sharing and synergies between its different programmes and establishes strong partnerships with its stakeholders. It is a dynamic and innovative working place, where professional and experienced staff feel empowered and committed to achieve the organisation's mission and strategic objectives.
In 2021 CINEA will launch and manage some inter-agency staff selection procedures together with other Executive Agencies: EISMEA, ERCEA, EACEA, REA and HaDEA, thus promoting synergies and increasing efficiency in the selection and recruitment of staff. More information about the participating agencies and the type of procedure can be found in the vacancy notice attached to each joint selection.
  

Position description

Profile

Financial Engineering - Financial Engineering Manager

Position title

Financial Engineering Manager

Contract

Contract agent

Grade

FGIV

Mission description

Overall Purpose
In the context of the LIFE Programme, the Agency has been entrusted with the management and implementation of an advisory initiative, GREEN ASSIST, that will allow grouping and channeling green expertise available in the market to: a) project promoters and b) implementing and advisory partners under Invest EU lacking green expertise.
CINEA will establish and operate GREEN ASSIST for the purpose of strengthening investment teams, helping with both greening of traditional investments and developing deep green investments (including investments in nature-based solutions), ideally at the early design stage. Advisory should help to create/structure opportunities, and business models with appropriate economic/financial return resulting from green or greening investments.
GREEN ASSIST Advisory support services will consist of the following components:
i. Green Investment Advisory (corporate or project-specific investment),
ii. Capacity Building (e.g. training), and
iii. Market Development (e.g. sectoral, thematic and regional studies).
In the context of GREEN ASSIST, the Financial Engineering Manager will contribute to the generation of a portfolio of projects addressing environmental and sustainable objectives of the European Commission, by procuring, organizing and managing access to advisory services.
In the context of other programmes implemented by CINEA, in particular the Innovation Fund and CEF, the Financial Engineering Manager may contribute to the evaluation of calls for proposals, by interacting with financial and cost benefit analysis experts involved in the external evaluation of calls for proposals. For the Innovation fund, (s)he may also support the management of the investment aspects of grant agreement preparations and of project monitoring.
The Financial Engineering Manager will be part of a quickly growing Financial Engineering team of CINEA, situated within the Unit responsible for Programme support, Coordination and Communication. He/she will work with other Financial Engineering Managers in support of CINA's Senior Financial Engineering Managers and will coordinate his/her work with them. He/she will also work closely and collaborate fully with a wider team of colleagues from the Agency, the European Commission and the European Investment Bank and other financing institutions.

Salary range

35-50 k€

Tasks

Main duties
TECHNICAL ANALYSIS and ADVICE
Organisation of advisory services in the context of GREEN ASSIST:
• Contribute to the development of strong pipelines of mature projects to achieve EU policy objectives of the Agency's parent DGs
• Identify and select external experts, ensuring their capacity to deliver relevant and high quality advisory services.
• Analyse and validate requests for advisory services, and organize their efficient procurement and management
• Organise and ensure the quality of advisory support services and deliverables
POLICY DEVELOPMENT
Policy feedback, coordination and communication:
• Coordinate an efficient and effective policy feedback to the European Commission, notably reporting on the activities of GREEN ASSIST,
• Feed back to the Commission outcomes from Capacity Building and Market Development Studies implemented by GREEN ASSIST
• Participate to activities with Commission services in order to ensure synergies between GREEN ASSIST and the implementation of EU funding programmes and financial instruments
• Contribute to lessons learned and propose and implement improvements to future initiatives.
PROGRAM / PROCESS / PROJECT MANAGEMENT

Programme/project implementation, in particular related to the Innovation Fund and the Connecting Europe Facility:
• Contribute to financial engineering activities in relation to programmes of the agency
• Identify and select external financial experts, ensuring their diversified and high quality input to the evaluation of projects applying for grants
• Contribute to the implementation of work programmes, call texts and documentation and the relevant working documents such as guidance to external evaluators
• Monitor implementation of aspects of projects relevant to financial engineering, in particular with respect to the milestones related to reaching financial close.
• Support the evaluation of financial and economic components (e.g. funding gaps) of project proposals
REPRESENTATION, STRATEGY and CAPACITY BUILDING
Effective representation and contribution to coordination and strategy:
• Contribute to the overall strategy and objectives of the Financial Engineering sector
• Further develop, maintain and demonstrate good working knowledge of financial markets trends for financing sustainable projects contributing to preservation of natural resources, including natural capital accounting, sustainable finance reporting, and business models relevant to natural capital and circular economy projects.
• Promote the Agencies' financial engineering-related activities with the parent DGs and cultivate and maintain contacts with partners, stakeholders and project promoters and represent the Agency in meetings, working groups and task forces with EU institutions, the EIB, Member States and other bodies

Interview period - from :

18/10/2021

Interview period : to

31/12/2021

Selection procedure

Oral test (30 min)
Interview with the Selection Committee in English to assess:
• your suitability to carry out the duties of a Financial Engineering Manager,
• your knowledge and experience in the field of Financial Engineering,
• your communication, inter-personal and problem-solving skills,
• your general knowledge about the CINEA and related policies,
• your motivation and your ability to adjust to working as a Contractual Agent in a multicultural environment.
This test will be marked out of 100 (pass mark: 60).
Applicants receiving the minimum score as above (60 out of 100) will be included in a reserve list of suitable candidates. Please note that inclusion in the reserve list does not guarantee recruitment.
The Agency may have a second interview with the candidates in the reserve list.

Application procedure

For applications to be valid, candidates must submit:
• a detailed curriculum vitae, in EU CV format ;
• a letter of motivation, including his/her views on the proposed position (2 pages maximum).

Your CAST application ID number and the reference of CAST must be mentioned in your CV and motivation letter.
Please note that the motivation letter forms an essential basis for the pre-selection decision.
Applications must be submitted through the eRecruitment system on our website at
https://cinea.ec.europa.eu/about-us/job-opportunities_en

Closing date: Applications must be sent no later than 17 September 2021 midnight.
Supporting documents showing evidence of the provided information may be requested at a later stage. No document will be sent back to candidates.
Candidates are invited to apply in English to facilitate the selection process.
In no circumstances should candidates approach the Selection Committee themselves, either directly or indirectly concerning this recruitment. The authority habilitated to conclude contracts reserves itself the right to disqualify any candidate who disregards these instructions.

Appointment and conditions of employment

The jobholder will be assigned on the basis of a shortlist proposed by the selection committee.
The jobholder will be recruited as contract staff, in function group IV, pursuant to Article 3a of the Conditions of Employment of Other Servants of the European Communities (CEOS).
The basic monthly salary within this function group will depend on the number of years of relevant professional experience at appropriate level (in function group IV, either grade 13, grade 14 or grade 16).
The jobholder will serve a probation period of nine months.
The initial contract will be for a duration of 1 year. Afterwards, the contract may be renewed for 1 additional year. If the contract is renewed again, it shall be concluded for an indefinite period.
The place of employment will be Brussels where the Agency has its activities.
For reasons related to the Agency's operational requirements, the candidate will be required to be available at short notice.
For further information on the legal framework of contract agents see the web site of the Directorate-General for Human Resources and Security (DG HR) on the internet at
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CONSLEG:1962R0031:20140101:EN:PDF

Publication date

Publication start date

16/07/2021

Publication end date

17/09/2021

Candidate criteria

Eligibility criteria

A. Eligibility criteria
• Have passed a CAST in the grade for which you are applying* OR be registered in the EPSO/CAST/P/2017 all FGIV calls before applying**;
• A level of education which corresponds to completed university studies of at least three years attested by a diploma OR, when in a member state of the European Union access to a profession of an equivalent level to function group IV is by State examination, professional training or any other equivalent procedure, the authority authorised to conclude contract of employment may agree to recognize this qualification as being equivalent to a university degree;
• Thorough knowledge of one of the languages of the Communities and a satisfactory knowledge of another EU language to the extent necessary to perform his/her duties.
* Candidates must be included in the European Personnel Selection Office (EPSO) database for contract agents in function group IV and have successfully passed the EPSO selection tests for that function group. Please note that candidates who are on a valid EPSO list published in 2010 (CAST2010) are eligible on the condition they have successfully passed the complementary tests (DB3), as an Annex to the selection procedure CAST2010. The candidates concerned are invited to consult the letter they received from EPSO for further information.

Other eligibility criteria

** In the context of the call for expression of interest EPSO/CAST/P/2017 procedure , your application will be considered only if you are available to be flagged for the EPSO testing request during the screening phase of this selection process. The pre-selected candidates will be requested by the Agency to undergo the EPSO tests. Only candidates that have successfully passed the EPSO CAST selection will then be invited for an interview.
In addition, in order to be eligible a candidate must:
• be a national of one of the Member States of the European Union;
• be entitled to his/her full rights as citizen;
• meet the appropriate character reference as to his/her suitability for the performance of his/her duties;
• have fulfilled any obligations imposed by the applicable laws concerning military service, and;
• be physically fit to perform the duties linked to the post.
Please note that only candidates that comply with the Eligibility criteria will be considered for further steps of the Selection procedure.

(1)https://epso.europa.eu/contact/faq/contract-agents/cast-permanent_en
(2)Candidates who are blocked and therefore cannot be flagged in order to be invited by EPSO to undergo the EPSO/CAST/P/2017 competition, because they have failed in the previous testing windows, will be considered as not eligible regardless of the relevance or not of their CV.

Selection criteria

B. Selection criteria 1/2
Essential:
• At least four years of relevant professional experience acquired
• Excellent drafting skills and proven experience in drafting analytical reports
• Very good command of English (C1)
• Proven experience in financial and risk analysis and financing (either debt or equity/venture capital) of investment projects
• Proven experience with developing or analysis of business models relevant to the greening of economy and to overcoming related economic or financial obstacles.

Advantageous:
• Knowledge of natural capital accounting, sustainable finance and ESG guidelines and/or financing or technical experience in sectors facing environmental opportunities and constraints, such as those related to the preservation or development of natural capital, circular economy, etc.
• Experience in implementation of technical or financial advisory services in the field of environmentally sustainable development and/or in financial modelling.
• Experience with procurement and contract management and/or experience in experts selection and management
• Understanding of Invest EU and EU policies relevant to the Innovation fund and the European Green deal

Languages

English (Proficient C1)

Updates on the application process

Selection criteria 2/2
Personal qualities essential for the position (evaluated during the interview):
• High degree of organisational skills, attention to detail and ability to work under pressure
• Good interpersonal, problem-solving, drafting and communication skills
• Proven ability to work as a team member
• Dynamic, pro-active and service-oriented approach
• Ability to appreciate and follow priorities, sense of initiative and capability to take up responsibility

After having been preselected by the Selection Committee, the Agency will invite for an interview the best candidates that are owner of a CAST in the relevant function group or that have successfully passed the EPSO CAST selection EPSO/CAST/P/2017 with a maximum of 20 candidates.

An acknowledgement of receipt will be sent to all candidates by email to confirm the reception of their application.
All candidates will be informed in due time about the status of their application, i.e. whether they are invited for the selection phase described above or not. These notifications will be sent via email only.
A candidate may request clarifications about the processing of his/her application by sending an email quoting the reference of the vacancy notice concerned, to the following address: CINEA-HR-RECRUITMENT@ec.europa.eu.

Equal opportunities, appeal procedure & data protection

Equal opportunities
The European Union institutions apply a policy of equal opportunities and accept applications without discrimination on the grounds of sex, race, colour, ethnic or social origin, genetic features, language, religion or belief, political or any other opinion, membership of a national minority, property, birth, disability, age or sexual orientation.

Appeal procedure
For complete list of means of redress please browse the following link: https://cinea.ec.europa.eu/about-us/job-opportunities/means-redress_en

Data protection
The purpose of processing of the data submitted by candidates is to manage the applications in view of a possible pre-selection and recruitment at the CINEA. The personal information requested from candidates will be processed in line with Regulation (EU) 2018/1725 of the European Parliament and of the Council of 23 October 2018 on the protection of individuals with regard to the processing of personal data by the Community institutions and bodies and on the free movement of such data.