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Credit Risk Officer - 105190

Luxembourg

  • Organization: EIB - European Investment Bank
  • Location: Luxembourg
  • Grade: Mid/Senior level - Mid/Senior - Internationally recruited position
  • Occupational Groups:
    • Banking and Finance
    • Cash-Based Interventions
  • Closing Date: Closed

Job Details

                   
 
Job Title
 
Credit Risk Officer
Job ID
 
105190
 
Location
 
LU - Luxembourg
 
 
Full/Part Time
Full-Time
   
 
Favorite Job
 
 
   
 
EIB Posting
 

The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate (RM) – Operations Department (OPE) – Public Sector Entities & Financial Institutions Division (PFI) – Country Group 2 Unit (C2U), at its headquarters in Luxembourg, a:

Credit Risk Officer

This is a full time position at grade 5/6

The term of this contract will be 4 years;

Panel interviews are anticipated for the beginning of September.

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

You will provide credit opinions on proposed new operations and changes of existing operations, in accordance with the bank’s Credit Risk Guidelines (CRG). Your aim will be to maintain the credit quality of a highly diversified portfolio of transactions.  You will also propose and participate in discussions on changes to the CRG. You will contribute to the on-going development of internal rating methodologies and departmental procedures.  The work is varied, covering a broad range of transaction types in diverse geographical locations. 

Operating Network

As a Credit Risk Officer, internally referred to as a (Senior) Officer Credit Risk Management, you will report to the Head of Unit, and work in close cooperation with the other Division members.

You will have extensive contact with colleagues in other Directorates, notably internally with Risk Management, OPE, Front Office Lending, Transaction Monitoring, Legal Department and externally maintaining/ dealing with external counterparts, Rating Agencies and other relevant external information sources.

Specific Post Environment (if applicable)

The RISK Management (RM) Directorate is the EIB’s independent risk assessment team for new and existing lending, funding and treasury operations. RM provides policies, second opinions on individual proposals, an EIB-wide portfolio view and reporting, seeking to apply Best Banking Practices. Within RM the PFI division provides credit opinions on projects within Public Sector and Financial Institutions.

Accountabilities

As a Credit Risk Officer you will:

Independently evaluate and monitor the credit risk associated with loans and guarantees in standard and structured operations, in line with guidelines and procedures for the department. This includes:

  • Assess credit risk, formulate opinions on credit proposals, review and validate counterpart ratings and credit limits, and calculate risk pricing
  • Propose security/collateral requirements and risk mitigating clauses
  • Review legal documentation from a credit risk standpoint
  • Work with other operational departments in structuring and mitigating credit risk
  • Closely follow and report on counterparts/transactions requiring special attention
  • Check the quality and correctness of credit risk related data input into various IT systems
  • Deal with credit risk related enquiries from within the Bank and provide solutions
  • Contribute to the development and improvement of procedures, support and control systems, IT systems, methodologies and working tools
  • Provide advice and recommendations on complex credit risk issues and related policies for credit risk management, aligning the EIB with best banking practices
  • Periodically, take lead or participate in horizontal tasks concerning e.g. rating modelling, industry standards, initiatives and working groups at bank level etc. organizing work or providing needed written contributions
  • Ensure good relationships with internal clients and appropriate internal co-operation and communication
  • Maintain awareness of the latest developments and share learning and innovation on risk management methodologies within RM and in the Bank
     

Qualifications

  • University degree, preferably in finance, business administration or law
  • Post-graduate education would be an advantage
  • Minimum 5 years’ relevant professional experience in credit risk assessment of and/or lending to banks and/or the public sector.
  • Proficiency in analysing the credit risk of financial institutions. Knowledge of credit risk assessment of public sector counterparts would be considered as an advantage
  • Experience with credit risk assessment methodologies and rating agency criteria. Proficiency in reviewing complex legal structures
  • Deep understanding of the Bank’s standard computer applications, as well as the specific IT applications supporting operations
  • Knowledge of Italian and Italian counterparts would be an advantage
  • Excellent knowledge of English and/or French(*), with a good knowledge 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: 11th July 2018 


(*).  We particularly welcome applications from women and persons with disabilities.

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