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The European Bank for Reconstruction and Development was founded in 1991 when communism was crumbling in Europe and ex-Soviet countries needed support to nurture a new private sector and democracy. Today we invest to help build market economies from central Europe to central Asia and the southern and eastern Mediterranean. We are now the largest single investor in our region. Owned by 69 countries and two intergovernmental institutions, we provide project financing for banks, industries and businesses. We also work with publicly owned companies to support privatisation, restructure state-owned firms and improve municipal services. Wherever we are active, we promote policies that bolster the business climate.
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Purpose of Job
The Associate Environmental and Social Advisor-Sustainability Proofing works under the general guidance of the relevant Head of Sector. They also support the Principal Environmental and Social Advisor-Sustainability Proofing working on the environment and social aspects of the project approvals processes, technical and policy assessments (Environmental and Social Proofing), monitoring and project-level negotiations required as part of the agreements the EBRD has signed with the European Commission and EU Member States under the InvestEU instrument and the EU Recovery and Resilience Facility (RRF). The Associate is expected to work on a range of projects and tasks, often being responsible for straightforward projects, tasks and initiatives. The Associate is also responsible for assessing these projects for their potential E&S risks and compliance with the EBRD’s Environmental and Social Policy (ESP), with subsequent monitoring of Project’s E&S performance.
Background
The EBRD has entered into a number of co-financing agreements with the European Commission and EU member states to support projects and programmes within the EBRD’s EU countries of operation. An agreement was signed in 2021 with the government of Greece to co-finance projects with resources from Greece’s allocation from the RRF. The EBRD has also signed an agreement with the European Commission to become an Implementing Partner of its InvestEU programme, covering all 12 EU member states that are EBRD countries of operation. Other agreements are in development.
Both the European Commission and the EBRD wish to ensure that all projects supported are aligned with the objectives of the Paris Agreement and have appropriate climate, environmental and social safeguards. In addition, all co-financing agreements will include a target for significant proportions of the co-financing to contribute actively towards climate and environmental goals.
The EBRD applies its own internal assessments and appraisals on additionally, policy and regulatory compliance, compliance with EBRD’s ESP and attribution of finance to climate and environmental objectives. EBRD also applies its own Paris Alignment assessments – all direct finance projects have been undergoing this assessment since June 2021, and regular assessment of intermediated finance projects will begin in 2022. From the end of 2022, all projects that EBRD approves will need to be Paris aligned.
In addition to the EBRD’s own assessments, for projects under InvestEU and RRF, the European Commission will apply a series of approvals-related processes to all projects that are co-financed under the new agreements. This will include:
Facts / Scale
Accountabilities & Responsibilities
Under the general direction relevant Head of Sector
Knowledge, Skills, Experience & Qualifications
What is it like to work at the EBRD?
Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people’s lives and help shape the future of the regions we invest in.
The EBRD environment provides you with:
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 and expecting our employee to attend the office 50% of their working time.
Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).
Right to Work in the UK: Swiss nationals (and all other non-UK employees) can work in the UK without a Visa – working at the EBRD gives all employees “exempt status”. The Bank however encourages all non-UK employees to obtain an Exempt Vignette (EV) prior to relocating to the UK, as without an EV you may face more questions at Border Control and when required to show evidence of their exempt status when renting accommodation under the Right to Rent legislation. The application process may take 3 – 4 weeks approx. outside of the UK.
This is how cinfo can support you in the application process for this specific position:
Working hours (%): 80-100%
80-100%
Type of contract: Staff (Permanent and Fixed Term)
Duration: 2 years
Macro-area: Western and Central Europe without Switzerland
Level of experience: Junior Professional, 1 to 3 years
Area of work Definition: Banking and Finance
Type of organisation: Multilateral Organisations
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