Principal Manager

Principal Manager, EFSD+ guarantees plays a key role in the Bank’s engagement with the EU on its flagship guarantee programme for EBRD’s Countries of Operations (outside of Europe). The specific focus of the role is on the implementation of the European Fund for Sustainable Development Programmes (EFSD) and contracting and deployment of the successor programme, the EFSD plus.
The role reports to Associate Director, Guarantee Team, EU Pillar and works closely with all colleagues in the EU Pillar, Donor Partnerships, the wider Client Services Group, and other Departments.
The EU is a key strategic partner for EBRD. In addition to being a shareholder, it is by far the largest donor and contributed a third of all grant resources received by the Bank since its inception. Fostering close and productive relationships with the EU has been a core aim of the Bank for many years.
The EU Pillar in Donor Partnerships is responsible for leading and developing the design of new EU products for risk mitigation, co-financing and advisory services, as well as leveraging and managing EU funding from a range of sources.
With the growth of new EU flagship guarantee programmes – the EFSD+ and Invest EU – the EU expects to significantly increase the amount of unfunded budgetary guarantees deployed through implementing partners (IFIs/ DFIs). As a result, EU guarantee volumes are expected to grow exponentially for the Bank over the EC’s current 7 year budget period, which runs until 2027.
Accountabilities & Responsibilities: