Intern

The European Bank For Reconstruction And Development; England; Hybrid; GBP 20,000 - 26,000; Full time

Job summary

The European Bank for Reconstruction and Development (EBRD) is seeking an Intern for its Financial Institutions group. You will contribute to all phases of the project cycle, including origination, structuring, execution and monitoring, in the Western Balkans and Eastern Europe region.

Under supervision of senior bankers, you will support due diligence, financial modelling and reporting, with a focus on research, data gathering and credit analysis.

Qualifications

• Bachelor’s degree required; Master’s preferred or equivalent experience.
• Excellent written and oral communication in English.
• Professional qualification such as ACA, CFA, ACCA, or CIMA desirable.
• Quantitative/numerical skills; ability to interpret financial information and build models.
• Credit analysis skills; interpretation of financial statements and accounting principles.
• Proficiency with MS Office and financial modeling tools.
• Team-oriented with ability to meet deadlines under pressure.
• Good command of local language is a plus.

Responsibilities

• Structuring and Execution: contribute to project structuring and execution with financial institutions.
• Perform research and analysis of background materials, market data and financial performance.
• Prepare and update financial models and projections; assess risks.
• Assist with drafting terms of reference and internal approvals for TC projects.
• Communicate with internal units, clients and stakeholders; draft correspondences and presentations.
• Ensure tasks are completed timely and in line with Bank policies and objectives.
• Portfolio Monitoring, Value Creation and Reporting: support monitoring of projects, covenant compliance and reporting.
• Prepare monitoring reports with recommendations for corrective actions.

Skills

English proficiency

Numerical skills

Credit analysis

Team player

Microsoft Office

Education

Bachelor’s degree

Master’s degree preferred

ACA / CFA / ACCA / CIMA desirable

Tools

Microsoft Office

Excel

Job description

Purpose of Job

Financial Institutions (FI) group is one of the largest departments at EBRD dealing with a wide spectrum of projects in the financial sector fostering development of competitive and sustainable financial systems in the countries of operation. FI is responsible for the delivery of over 300 transactions a year and an annual bank investment over €7.0 billion. The FI sector portfolio reached €15.6 billion as of YE 2025 with the client base comprised of approximately 330 counterparties primarily banks, leasing companies and microfinance institutions but also specialised financial sector participants such as stock exchanges and deposit insurance agencies. Typically, all or almost all transactions are classified as private sector.

FI (Western Balkans and Eastern Europe) team is seeking for an Intern who contributes to all phases of the project cycle, including project origination, structuring, execution, implementation and monitoring.

The Intern will take responsibility for the tasks assigned to him/her by the operation leader or more senior members of the project team, or more senior bankers, which may include undertaking comprehensive due diligence, including financial, market, integrity and EBRD policy compliance, as well as effective post-signing implementation and monitoring.

The Intern carries out these tasks as part of a project team under the guidance of the operation leader or under the supervision/guidance of more senior bankers.

Background

The Project life-cycle involves several stages from origination to signing, followed by implementation and monitoring until full completion and repayment or exit. All the stages involve different tasks such as business marketing, project due diligence analysis, structuring and approval, negotiation and signing of project agreements, disbursement and monitoring.

The role of the Intern is to contribute, as a project team member, to the structuring, implementation and monitoring of debt and equity transactions, and their effective implementation and monitoring in line with the Bank's operational objectives. Under the guidance of the operation leader and/or more senior bankers, the Intern performs those tasks assigned to him/her and provides support to the operation leader and the project team throughout the project cycle, with a particular emphasis on research, data gathering, credit analysis and financial modelling.

Accountabilities & Responsibilities

Under the guidance of the operation leader or a more senior banker:

• Structuring and Execution
• Work as a project team member on transactions with financial institutions (i.e. commercial banks, leasing companies and microfinance institutions) in the Western Balkans and Eastern Europe, contributing to all aspects of project structuring and execution, including comprehensive research and analysis of background materials, market information and financial performance data; analyse and evaluate potential risks related to the proposed project, including analysis of financial statements, preparing and updating financial models and financial projections;
• Assist with the designing and processing of technical co-operation assistance, including preparation of terms of reference and internal approval documentation, to support the related investment project or the related policy dialogue initiative;
• As may be requested, assist with communication with other internal units of the Bank, clients and other stakeholders, at the operational level, such as preparing draft correspondence, presentations, and following up on internal emails;
• Ensure that all tasks assigned to the Intern are completed within the specified time frames to a high quality and in line with the policies, procedures and objectives of the Bank.
• Portfolio Monitoring, Value Creation and Reporting
• As requested by the operation leader or a Portfolio Manager, undertake assigned tasks relating to the implementation and monitoring of projects to which the Intern is assigned as part of the project team, including compliance with project agreements and Bank procedures related to disbursement, monitoring of progress of the project and financial performance of the client, assessing evolving risk factors and monitoring and assessing covenant compliance;
• As requested by the operation leader or more senior member of the project team, prepare timely and comprehensive draft monitoring reports and include recommendations for corrective actions where required and ensure these corrective actions and recommendations are brought to the attention of more senior team members;
• As may be requested by, and under the supervision of, a TC operation leader, assist with the effective implementation and monitoring of TC assignments including communication with TC client, monitoring of TC fund usage, preparation and filing of relevant TC progress and completion reports to support the TC operation leader to meet donor reporting requirements and operational objectives.

The responsibilities of the Intern are designed to allow the Intern to progressively undertake more complex tasks and build the scope of responsibilities based on acquired experience and expertise.

Knowledge, Skills, Experience & Qualifications

Qualifications and Skills:

• Bachelor’s degree. Master’s degree preferred or equivalent experience in the areas of expertise.
• Excellent written and oral communication skills in English
• Professional qualification such as ACA, CFA, ACCA, or CIMA desirable.
• Quantitative/numerical skills are critical with the ability to interpret financial information and to design and use financial models.
• Credit analysis skills, with the ability to interpret accounts of financial institutions, understanding local and international accounting principles and practice of credit analysis.
• Computer literacy, conversant with Microsoft Office and spread sheet packages including financial analysis and modelling modules.
• Good understanding of relevant systems and processes.
• Ability to work effectively as a team member and to deadlines and under time pressure.
• Good command over the local language of one of the countries of target region is an advantage.

Experience & Knowledge:

• Relevant financial industry experience from an international financial institution, investment or commercial bank, private equity firm, asset management firm, credit rating agency or auditing/financial consulting firm operating to international standards.

Exposure to the financial industry/country experience

What is it like to work at the EBRD? / About 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.

At EBRD, our Values – Inclusiveness, Innovation, Trust, and Responsibility – are at the heart of how we work. We bring these to life through our Workplace Behaviours: listening well and speaking up, collaborating smartly, acting decisively with full commitment, and simplifying to amplify our impact. These principles shape our culture and define our success. We seek individuals who not only share these values but are also committed to embedding them in their daily work, fostering a positive and high-performing environment.

The EBRD environment provides you with:

• Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in.
• A working culture that embraces inclusion and celebrates diversity. Our workforce reflects a broad range of backgrounds, perspectives, and experiences, bringing fresh ideas, energy, and innovation and enhancing our ability to serve our clients, shareholders, and counterparties effectively.
• A hybrid workplace that offers flexibility to teams and individuals; that is based on trust, flexibility and connectedness.
• An environment that places sustainability, equality and digital transformation at the heart of what we do.
• A workplace that prioritises employee wellbeing and provides a comprehensive suite of competitive benefits.