(Associate) Risk Management Officer - Capital Requirements

  • Competitive
  • Luxembourg
  • Contract, Full time
  • European Investment Bank
  • 17 Aug 17

The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate (RM) – Regulations and EIB Group Risk Department (REG) – Capital and Reporting Division (C&R) – Capital Requirements Unit (CRU), at its headquarters in Luxembourg, an:

(Associate) Risk Management Officer - Capital Requirements

This is a full-time position in grade 4/5

The term of this contract will be 4 years

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

The (Associate) Risk Management Officer – Capital Requirements contributes to the maintenance, development and implementation of EIB's regulatory and economic capital frameworks, with a focus on credit risk measurement, analysis and reporting (capital adequacy metrics, capital adequacy projections, stress testing, simulations, compliance with best practice in risk management, etc.).

Operating Network

S/he will report to the Head of the Capital Requirements Unit and will work in close collaboration with colleagues from the Unit and the Capital and Reporting Division. S/he will have regular contacts within Risk Management and other Directorates (e.g. Ops, FI, IT, SG, EIF).

Accountabilities

  • Contribute to the production of the capital requirements figures (regulatory and economic capital) for the Bank and the Group, with a focus on credit risk capital requirements
  • Contribute to the maintenance of the Bank’s (economic and regulatory) capital calculation engines, both from technical and methodological perspectives
  • Assist in the assessment of the impact of regulatory changes, new business developments, new initiatives or new modelling best practices on the capital metrics of the EIB
  • Review, analyse and report on the evolution of the capital metrics to the management and stakeholders
  • Contribute to capital requirements simulations, stress tests and other analyses
  • Contribute to the documentation of relevant methodologies, tools and processes
  • Contribute to the Bank's efforts to maintain compliance with applicable best banking practice in the area of capital requirements
  • Provide input to ad-hoc analyses and written communications on specific capital requirement matters
  • Contribute to the development and maintenance of risk pricing methodologies

Qualifications

  • University degree in a quantitative subject (e.g. Mathematics, Physics, Statistics), with relevant exposure to finance or risk management, or a degree in Finance or Economics with a quantitative background
  • Minimum 3 years of relevant professional experience, ideally gained in (economic or regulatory) capital requirements calculation, credit risk modelling or a similar role
  • Familiarity with the main modern risk measurement methodologies and tools.
  • Sound knowledge of credit portfolio modelling
  • Knowledge of the regulatory framework and recent developments would be an advantage
  • Solid IT background and ability to work with large data sets (database querying, SQL)
  • Proficient knowledge of MS Excel, VBA. Familiarity with Business Objects or SAS would be an advantage.
  • Excellent knowledge of English and/or French(*), with a good command of the other. Knowledge of other European Union 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

For more information and to apply, please visit https://erecruitment.eib.org selecting Job ID 104439

Deadline for applications: 14th September 2017

On-site interviews are expected to be scheduled in the week of 23rd October 2017

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