(Senior) Credit Risk Management Officers - RAF & Capital Planning Unit

  • Competitive
  • Luxembourg
  • Contract, Full time
  • European Investment Bank.
  • 08 Nov 17 2017-11-08

The Senior Credit Risk Management Officer will contribute to developing risk management policies in the area of Risk Appetite Framework (RAF) & Capital Planning in order to ensure that the Bank’s overall risk management strategy and policies reflect its risks and business model.

The EIB, the European Union's bank is seeking to recruit for its Risk Management Directorate (RM)Regulation and Group Risk Department (RM/REG) - Regulation and Prudential BBP Division (RM/REG/BBP) - RAF & Capital Planning Unit (RM/REG/BBP/CPU), at its headquarters in Luxembourg:

 

 

 (Senior) Credit Risk Management Officers - RAF & Capital Planning Unit

 

 

This is a full time position at grade 6/5

 

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 (Senior) Credit Risk Management Officer will contribute to the implementation of the Risk Appetite Framework (RAF) & Capital Planning Unit main responsibilities, which are:

 

  • Risk Appetite Framework (RAF)
  • ICAAP / ILAAP
  • Stress testing framework [in close coordination with Regulation and Group Risk Department (RM/REG) and Financial Risk Department (RM/FIN) colleagues]
  • Capital contingency and recovery planning

  

Operating Network

 

S/he will report to the Head of RM/REG/BBP/CPU unit and cooperate closely with colleagues both in RM and other Directorates/Departments of the Bank.

 


Accountabilities

 

  • Contribute to developing risk management policies in the area of RAF & Capital Planning in order to ensure that the Bank’s overall risk management strategy and policies reflect its risks and business model.
  • Together with unit colleagues, execute one or several Risk Appetite Framework (RAF) & Capital Planning Unit main processes– in line with guidelines and procedures. This includes:
    • Lead and coordinate bank-wide stress test exercises.
    • Develop, improve and maintain the Bank’s risk appetite, stress testing and capital planning frameworks.
    • Maintain and further develop capital contingency and recovery plans
    • With the inputs of all relevant services, update Group Risk Mgt Charter/RAF/ICAAP/ILAAP documents on an annual basis
    • Extend RAF/ICAAP/ILAAP to EIB Group.
  • Propose improvements to procedures and control systems, IT systems, methodologies and working tools (e.g. RAF monitoring, contingency and recovery plan indicators)
  • Contribute to the alignment of the unit’s activities with BBP, notably by providing advice and recommendations – in a proactive way – on complex issues.
  • Relate with project’s counterparts on risk management issues.
  • Participate in special initiatives that can go beyond the strict boundaries of CPU domain

 

 

Qualifications

 

  • University degree (preferably in Business Administration, Finance, Law, Economics, Quantitative studies) with relevant exposure to Banking / Finance / Risk Management. Post-graduate studies in one of these subjects would be an advantage. At least 5 years’ experience in credit risk / capital assessment and management coupled with proven experience in at least two of the following areas: RAF, ICAAP, ILAAP, bank-wide stress-testing, capital contingency and recovery planning
  • Excellent knowledge of English and/or French (*) and 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 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