The EIB, the European Union's bank, is seeking to recruit for its Finance Directorate (FI)- Strategy, Policies and Business Support Department (SPBS) – Financial Policies and Methodologies Division (FPM), at its headquarters in Luxembourg, a:
(Associate) Financial Policy Officer
This is a full time temporary position at grade 4/5
The term of this contract will be 1 year; as this is a temporary replacement assignment, no extension or conversion of the contract is foreseen
Panel interviews are anticipated for end of July/ beginning of August.
Purpose
As an (Associate) Financial Policy Officer internally referred to as (Associate) Officer/ Analyst, you will support the Finance Directorate (FI) in the design, testing, implementation and revision of policies, internal documentation, processes, 1st line controls and strategies related to FI activities, by providing research, analysis and advice on:
(i) Financial policies, with a more particular focus on those related to FI activities (treasury, capital markets and back-office), and to the financial management and financial risks managed in 1st line by the FI directorate (interest rate, FX, market, liquidity and counterparty credit risks); and
(ii) Best banking practices.
Operating Network
Reporting to the Head of division, you will have regular contact with colleagues in other Directorates, notably internally with the Finance Departments (FI), as well as other business divisions within the Bank, such as Risk Management, Legal Department and Financial Control. Externally you will also have contact with the European Institutions, regulatory/supervisory authorities, International Financial Institutions and other Multilateral Development Banks.
Specific Post Environment
The Financial Policies & Methodologies (FPM) Division, within the Strategy Policies and Business Support Department (SPBS), is a new function established to provide FI management with methodologies and analysis supporting a wide range of strategic decisions. You will report to the Head of Division and will work in close cooperation with the other members of the team, strengthening the analytical and policy functions of the Division. The FPM division is new. The scope of its activities and responsibilities are still being shaped and the range of topics and policy issues looked at is broad. Coaching and mentorship will be provided by senior colleagues within the team. You should demonstrate proactivity, flexibility and a capacity to work autonomously. Given the specific role of FPM and its natural complementarity with the Operational Support and Monitoring (OSM) division, you will also frequently interact with colleagues in the OSM division.
Accountabilities
Autonomy is given with operational guidance, you will have to initiate action based upon interpretation of the situation and/or covered by precedents. In general mainly a review of end results.
In relation to financial policies:
- Contribute to the design, testing, implementation and revision of financial policies related to FI activities (treasury, capital markets and back-office) and to the financial management and financial risks managed in 1st line by the FI directorate (interest rate, FX, market, liquidity and counterparty credit risks).
- Contribute to selected projects initiated by the Division and Department.
- Contribute to the design of a set of relevant financial metrics to support the decision-making process and/or the strategy definition
- Perform financial analysis and impact assessment studies related to the relevant policy proposals, to support discussion points in permanent committees (e.g. ALCO) and working groups.
In relation to best banking practices:
- Contribute to Bank-wide initiatives such as the ILAAP, liquidity contingency planning, ICAAP, risk appetite framework, recovery planning, stress testing, pillar 3 report, etc.
- Provide support in the preparation of the Regulatory Committee (REGCOM).
Other:
- Build constructive working relations within the Finance Directorate in order to ensure effective internal cooperation and communication, and represent the Directorate in inter-directorates working groups.
- Provide general support to the Division, Department and Directorate.
Qualifications
- University degree, preferably in Finance, Economics, Business Administration or Law (but ideally complemented by either a relevant degree in Finance, Economics or Business Administration, or by relevant professional experience or legal practice in these areas).
- At least 3 years of relevant work experience acquired preferably in a major financial institution, a consultancy firm, a central bank, a supervisory authority or a major international organisation.
- Exposure to one or several of the following constitutes an advantage:
o General knowledge and professional experience or exposure to capital markets and treasury activities, within front office, middle office / performance management or risk management.
o Expertise in the design and production of financial reports in banks, especially in two areas (middle office reports and/or prudential reports).
o Relevant experience in the development and implementation of financial models.
o Experience in projects aiming at ensuring compliance with best banking practices.
o Deep understanding of accounting principles.
o Relevant team experience in projects
- Good knowledge of the EIB's mission, financial and lending activities.
- Excellent knowledge of English and/or French(*), with a good command of the other. (Knowledge of other EU languages would be an advantage).
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
We are an equal opportunity employer, who believes that diversity is good for our people and our business. As such, we promote the inclusion of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability (*).
Deadline for applications: 3rd July 2018
(*). We particularly welcome applications from women and persons with disabilities.
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