Posted May 04, 2017 22 views
The Economic Cooperation Organization Trade and Development Bank (ECO Bank), headquartered in Istanbul-Turkey, is looking for a Representative for its Office in Karachi.
• Developing further the Bank’s operations in Pakistan in line with the Bank's mandate and the Country Strategy Report.
• Actively promoting ECO Bank’s activities to private and public sector clients in Pakistan in close cooperation with “the Corporate and Project Financing” and “the Banking and Non-Banking Financial Institutions” Departments, which includes:
- Identifying and developing project proposals to maintain and build up the Bank portfolio in terms of meeting objectives and goals,
- Developing and maintaining relationships with government officials and private sector stakeholders on issues related to the project and its activities,
- Managing day-to-day relationships with key clients and daily activities to meet targets,
-Providing accurate and timely information to internal and external clients,
-Managing referral from other institutions or agencies (international or national).
• Assisting and coordinating in the area of project processing as well as management and monitoring of the Bank’s portfolio of existing operations.
• Assisting various departments of the Head Office during the due diligence and in completion of requisites of the Head Office on assigned tasks.
• Preparing credit reports when requested and being responsible for approval process.
• Keeping the management of the Bank abreast of country’s economic, business and any other significant developments which could directly or indirectly impact the Bank’s interest.
• Developing and maintaining contacts with external constituencies, i.e., Pakistani governmental and public authorities, local business community, the international community including other IFI’s and bi-lateral donors, NGO’s, the general public and the press.
• Overall management of the office place and its facilities.
Candidates must have:
• Pakistani Nationality.
• Proficiency in both written and spoken English.
• Bachelor Degree in Economics/ Finance/ Accounting/ Business Administration and/or preferably Master Degree in these fields.
• Minimum six years related work experience gained in a large commercial/ investment bank preferably in a multilateral development bank in areas of project finance, credit risk, financial analysis and financial modeling.
• Experience in working with Financial Departments of Government of Pakistan will also be considered.
Job Details
ECO Trade and Development Bank
The Economic Cooperation Organization Trade and Development Bank is a Multilateral Development Bank (MDB) established on August 3, 2005 by Iran, Pakistan and Turkey, which are the founding members of the ECO. The Headquarters Agreement of the Bank was ratified by the Republic of Turkey in July 2007 completing the formalities to establish the Bank. Being an MDB, the Bank is not a profit maximizing organization but would rather focus on financing development programmes and projects at reasonable costs with a favourable repayment conditions as pursued by other MDBs such as World Bank, Asian Development Bank, Islamic Development Bank, European Investment Bank, Black Sea Trade and Development Bank, etc. Overall, the Bank would take lending decisions solely on the merits of projects, programmes, or other transactions proposed and tailor borrowing in line with the best opportunities available in the capital markets. It would specifically consider the relevancy and impact of its operations to the development objectives of the member countries. The membership to the Bank is expected to increase soon by joining of other ECO member states as well as their Banks and financial institutions. Recently, the Republic of Azerbaijan, the Islamic Republic of Afghanistan and Kyrgyz Republic became members of the ECO Trade and Development Bank. The Bank would contribute towards the medium and long-term financing needs of the region and thereby help to promote sustainable development and regional integration in both the public and private sectors. It would also aim to become an important institutional vehicle for mobilizing funds in international capital markets for the region’s development needs.
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