The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate (RM) - Financial Risk Department (FIN) - Derivatives Division (DER), Counterparty Credit Risk Unit (RKU) , at its headquarters in Luxembourg, a:
(Associate) Officer Financial Risk Management
This is a full-time position at grade 4/5
The term of this contract will be 4 years
Panel interviews are anticipated for the end of June
The EIB offers fixed-term contracts of up to a maximum of 6 years, according to business needs,
with a possibility to convert to a permanent contract, subject to organisational requirements and individual performance.
Purpose
As the (Associate) Officer Financial Risk Management, you will contribute to the risk management for derivatives transactions in line with EIB financial risk policies. You will do so by (a) implementing and monitoring counterparty credit risk measures, including Expected and Potential Future Exposures and regulatory exposure measures; (b) reporting counterparty credit risk limit use and availability; (c) computing internal credit, liquidity and funding charges for derivatives.
Operating network
As the (Associate) Officer Financial Risk Management, you will report to the Head of the Derivatives Counterparty Credit Risk Unit. You will be working in close collaboration with the Head of the Derivatives Division and a team of Risk Officers.
Accountabilities
- Propose and implement changes in the derivatives risk management policies, processes and procedures, following new regulations and industry standards
- Implement internal models for Expected and Potential Future Exposure and regulatory derivatives exposure measures
- Backtest and perform other controls of the internal models, identify and implement corrective actions
- Report on risk positions, limit use and counterparty availability for new operations
- Represent the unit with other domains in the Bank (IT services, model validation and internal audit) in order to ensure that appropriate internal cooperation and controls are maintained
Qualifications
- University degree, preferably in quantitative finance. Post-graduate studies and PRMIA or GARP certificates will be an advantage
- At least 3 years professional experience acquired with a major derivatives dealer or user, with extensive implication in derivatives counterparty credit risk management
- Deep understanding of counterparty risk quantification, including Potential Future Exposure and capital charges calculations
- Very good command of programming languages, especially C#, Visual Basic and SQL
- Good knowledge of BCBS regulations, EBA standards and best banking practice in the field
Competencies
- Achievement Drive: continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
- Change Orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
- Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
- Organisational Commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation’s needs and intrinsic values, acting with integrity in ways that promote the organisation’s mission, policies and rules.
(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in French. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of French and accept that their future career in the EIB may be subject to the attainment of sufficient proficiency in both of the Bank's working languages
Deadline for applications: 1st June 2018
We believe that Diversity is good for our people and our business. We promote and value diversity and inclusion among our staff and candidates; irrespective of their gender, age, nationality, race, culture, education and experience, religious beliefs, sexual orientation or disability
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