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 position at grade 4/5
The term of this contract will be 4 years
Panel interviews are anticipated for beginning of January 2019
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 an (Associate) Financial Policy Officer internally referred (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) Best banking practices, with a more particular focus on regulatory and supervisory requirements and guidelines (currently in effect and in development); and
(ii) 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).
Operating Network
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. 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 and Financial Control. Externally you will also have contact with the European Institutions, regulatory/supervisory authorities, International Financial Institutions and other Multilateral Development Banks.
Accountabilities
In relation to best banking practices:
- Monitor regulatory developments impacting the Bank in general and FI in particular, including EU proposed or adopted legislation, EU level -2 implementation measures and level -3 guidance set by relevant European Supervisory Authorities, international guidelines and regulatory sources in relevant markets for the Bank, including the US.
- Analyse and advise on the consequences of such regulatory developments for the Bank and FI, in collaboration with other services; draft different notes on regulatory developments; prepare briefings for FI management, and build consensus on possible courses of action vis-à-vis key partners.
- Provide support in the preparation of the Regulatory Committee (REGCOM).
- Contribute to Bank-wide initiatives such as the ILAAP, liquidity contingency planning, ICAAP, risk appetite framework, recovery planning, stress testing, pillar 3 report, etc.
- 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).
- Actively follow market practices and practices of other international financial institutions (IFIs) and multilateral development banks (MDBs).
- 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
- Document properly the relevant policies.
Qualifications
- University degree, preferably in Finance, Economics, Business Administration or Law
- At least 3 years of relevant work professional experience acquired preferably in a major financial institution, a consultancy firm, a central bank, a supervisory authority or a major international organisation.
- Excellent knowledge of English and/or French(*), with a good knowledge of the other. (Knowledge of other EU languages would be an advantage).
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Exposure to one or several of the following constitutes an advantage:
- Experience in the implementation of projects aiming at ensuring compliance with new regulatory and supervisory requirements.
- Experience in regulatory watch and advocacy.
- General knowledge and professional experience or exposure to capital markets and treasury activities, within front office, middle office / performance management or risk management.
- Expertise in the design and production of financial reporting’s in banks, especially in two areas (middle office reporting’s and/or prudential reporting’s).
- Relevant experience in the development and implementation of financial models.
- Deep understanding of accounting principles.
- Relevant team experience in projectsGood knowledge of the EIB's mission, financial and lending activities.
Competencies
(*) 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: 10th December 2018
(*). We particularly welcome applications from women and persons with disabilities.
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