Corporate Finance Director

VEON is a Nasdaq-listed global digital operator that serves more than 150 million customers with connectivity and about 120 million monthly active users with digital services in some of the world’s most exciting frontier markets. Operating across 5 countries that are home to nearly 520 million people, in other words more than 6% of the world’s population, VEON transforms lives through technology-driven services that empower individuals and drive economic growth.

With VEON’s Digital Operator 1440 vision and strategy, VEON Group companies redefine the engagement that telecom operators have with their customers, providing the best digital experience to customers up to 1440 minutes in a day. We transform not only the daily experience of the final users, but also support the growth of enterprises and industries as a whole, using cutting-edge technologies in AI, big-data and cloud services to serve our business customers.

This is all underpinned by a commitment to sustainability, ensuring VEON’s operations are run safely and ethically while fostering digital entrepreneurship and greater digital skills and literacy in the communities in which VEON operates. VEON’s values-based approach works to strengthen trust by building a responsible and sustainable business that benefits customers, employees, communities, and shareholders.

VEON’s international leadership team is drawn from experienced executives from around the world and has been led by CEO Kaan Terzioğlu since July 2021.

VEON Group Treasury (HQ) is centralized in organization, coordination and operations and is supported by local OpCo Treasury teams at the country level performing local domestic treasury operations under Group Treasury Policies. The HQ treasury function is critical to manage sufficient liquidity, debt facilities, investments, and risk management strategies related to all financial activities supporting the achievement of VEON’s business objectives.

The Corporate Finance department is responsible for managing the current debt of USD 7.5bn, developing and securing a cost efficient capital structure for VEON from a Group, HQ and Operating Subsidiary perspective. Its activities include amongst others: identifying need for and negotiating new loan facilities at Group and OpCo level in multiple currencies, debt capital market issuances, liability management exercises, credit investor communications, bank relationship management, credit rating agencies management and technical support on M&A transactions and on intercompany restructurings.

• The Director Corporate Finance plays an essential role in supporting VEON maintaining sufficient liquidity, among other things by securing new loans and issuance of bonds to refinance maturing debt and to obtain necessary new funding to allow VEON to invest in its operations or for M&A support.
• Support the Group Treasury Director in the creation of presentations for the Finance Committee of the Board, and the Audit Committee of the Board.
• Be instrumental in supporting both the Group Treasury Director and the Investor Relations team in the communications to the market when it comes to credit related matters, credit investors and credit rating agencies.
• Provide support in the forecasting process by identifying possible funding needs and together with the Group Treasury Director and in coordination with the Group CFO developing short terms, medium term and long term funding strategies both for HQ and Operating Subsidiary level financings to support capital structure objectives.
• Financial modelling as required to analyse impact of projected business performance on capital structure plans.

• Bank relationship management
• Day to day support of Group Treasury Director bank relationship management activities from a bank loan funding and credit perspective.
• Day to day support in discussions with Debt Capital Market teams of banking partners understanding new developments and key themes on the debt capital markets.
• Participation in discussions of hedging with banking partners.

• Funding
• Defining and implementing the Group’s funding strategy.
• Effectively managing bank and debt capital…