The Asian Infrastructure Investment Bank (AIIB) has been rapidly building up its investment portfolio since operations started in January 2016. As of June 15, 2019, AIIB has established an investment portfolio of USD8.0 billion, of which 94% or USD 7.6 billion are loans with or without sovereign guarantee. In the forthcoming two years, AIIB has planned to add USD10-15 billion in assets to its investment portfolio, of which the majority will be loan assets.
To strengthen its portfolio management capabilities on the loan side, AIIB’s Implementation Monitoring Unit (IMU) is recruiting a Senior Portfolio Management Officer (“PMO”) for its loan operations. The PMO will report to the Manager, IMU. Her or his main responsibility is to actively supervise and manage the loan portfolio to ensure that AIIB’s strategic objectives in terms of profitability and development impact are met.
A. Pro-active monitoring of project performance and compliance
- Actively supervise financial performance, construction progress as well as operation and maintenance of infrastructure projects after handover to IMU (typically, after the first cash disbursement).
- Assure client company (and/or project) complies with loan documentation and financing agreements, including delivery of reporting and other requirements.
- Analyze periodic financial statements and other project reports, monitor compliance with financial and other covenants and develop an informed opinion about expected future project performance while identifying and updating risk factors.
- Process updates and provide recommendations to the Risk Management Department (RMD) regarding the internal Credit Ratings of investment projects, track evolution over time and flag any negative developments or downgrades for further scrutiny.
- Advise preemptively on project, sector and country issues which may impact the financial or developmental performance of individual projects.
- Actively identify and report issues that need Senior Management’s attention and provide advice on action plans.
B. Early identification of risks and design of appropriate remedies
- Identify and provide early warnings to management about critical deviations from the original investment plan or newly emerging risks, while simultaneously proposing appropriate remedies and coordinating related activities with internal and external stakeholders.
- Lead the disbursement process as well as “change” processes (waivers, amendments, consents, restructuring, or other events) to address deviations, including liaising with external and internal parties to design, negotiate and implement changes in a way to ensure that the interests of the project and of AIIB are protected.
- Work together with other IMU staff in developing a comprehensive early warning system throughout the loan portfolio.
C. Management of the relationship with internal and external stakeholders
- Build and maintain strong client relationships through the supervision process and add value to the client company by drawing on own experience and on AIIB resources.
- Effectively manage the relationship with external stakeholders (such as borrowers, sponsors, co-lenders, counsel, advisers, agents, community groups, and civil society organizations, etc.) and internal teams (such as investment operations, risk management, safeguards, procurement, legal, finance, etc.) and ensure good communication with all to assess and implement the most appropriate course of action in any given situation, as smoothly as possible.
- Leverage the relationship with the Bank’s preferred clients with an eye towards opening new business opportunities for the Bank.
D. Generating experience and knowledge feedback loops
- Identify and document lessons learned from the existing portfolio and feed this knowledge back to other teams (including activities such as training IO staff).
- Guide junior team members in all tasks related with portfolio management.
E. Carrying out other duties as assigned by the IMU Manager
- Minimum 8-10 years of relevant working experience in managing a portfolio of infrastructure projects or investments under a project finance structure.
- Such experience should include having actively managed a diverse portfolio of infrastructure projects during construction and operation, as well as in distress situation, generating project monitoring reports, recommending possible course of action and internal credit rating reviews, and successfully addressing complex project issues.
- Sound knowledge of credit analysis, project finance structuring, project preparation, supervision and monitoring (including roles of fiduciary and safeguards oversight for infrastructure investments) obtained through previous work at international commercial banks or multilateral financial institutions.
- Comfortable in handling projects’ financial models, reviewing overall integrity and reasonableness, and running sensitivities as needed. Experience in building and auditing financial models would be a plus.
- Ability to collaborate with others in the organization as well as proven ability to function in teams and contribute positively and productively to other team members and to the team’s work and output, demonstrating respect for different points of view.
- Experience in Asia would be a plus (including the Middle East and Central Asia).
- Superior written and verbal communication skills in English with demonstrable ability to think strategically and synthesize complex issues (translated into effective oral and written briefs).
- Master’s degree (such as economics, finance, business administration, international relations or similar field relevant to the AIIB’s operations) or equivalent experience.
Previous experience and qualifications will determine the staff level at which an applicant will enter AIIB
About the Organization
We are the Asian Infrastructure Investment Bank (AIIB), a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we commenced operations in January 2016 and have now grown to 97 approved members worldwide. By investing in sustainable infrastructure and other productive sectors today, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.