The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate – Regulation and EIB Group Risk Department – Capital Management Division – Capital Analytics Unit - at its headquarters in Luxembourg, an (Associate) Risk Officer – Capital Analytics (*). This is a full time position at grade 4/5.
The term of the contract will be 4 years
Panel interviews are anticipated for early/mid December 2020
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.
The Unit is responsible for the system development and configuration, the model implementation, as well as the maintenance and data analysis activities of the Capital Management Division.
You will perform a variety of business analysis, data extraction and risk application configuration tasks, and assist users of several risk applications, in order to ensure the EIB Group's compliance with best banking practices in the area of capital requirements and regulatory data, through appropriate calculation of risk metrics, model implementation, and coherence of output data.
Reporting to the Head of Capital Analytics Unit, you will cooperate closely with colleagues within RM and in other Directorates, particularly IT, Financial Control, and the front office Directorates responsible for both lending/investing and funding/borrowing. To guarantee a robust delivery at the EIB Group level the role also requires a good interaction with colleagues at the European Investment Fund (EIF). In your day to day activities, you will also deal with key external parties (software vendors, providers of outsourced services, peer groups, etc) in order to receive a better service and stay abreast of best practice of trends in business and technology
Ensure the quality and coherence of inputs to different credit risk applications related to pricing and capital requirements calculations
Support the development and implementation of the Division's capital models in the Bank's modelling platforms, in close interaction with model developers and users
Coordinate with IT for the maintenance and development of risk applications, notably as regards business requirements, configuration, data sourcing and interfaces
Perform testing of IT solutions
Perform data analysis and data reconciliations for several risk applications. Design and maintain data reports
Provide data management support across the Unit ensuring consistency and maintenance of appropriate internal controls
Work in close cooperation with colleagues within the Unit to follow the latest methodology changes (e.g. due to new regulatory requirements) and assess the resultant data needs and impacts
Keep track of developments in the EIB's systems and adapt the data extraction to ensure a smooth delivery
Review existing workflows and propose improvements to data extraction, processes and procedures
Prepare and maintain documentation related to data extraction and system configuration
Participate in data and systems related projects on behalf of the Unit
University degree, preferably in Mathematics, Finance, Economics, or Computer Science
At least 3 years' relevant professional experience including a focus on risk management applications (in house or vendor) oriented to credit risk capital calculations, data analysis, and/or the maintenance of Basel III/CRR and/or Economic Capital models
Familiarity with COREP reports, Large Exposures framework, BCBS239, Stress Testing and/or Capital Planning activities would be considered an asset
Solid IT background and ability to work with large data sets (database querying, SQL, Business Objects, SAS, Python Pandas)
Proficient knowledge of MS Excel, VBA and some programming languages (e.g. Matlab, R, C#, Python, SAS). Experience in Python would be an advantage
Excellent knowledge of English and/or French (*) with a good command of the other.
Find out more about EIB core competencies https://www.eib.org/en/about/careers/careers-competencies/index-test here
Demonstrated independence when dealing with tasks and the capacity to plan, organise and prioritise work in a heavy workload environment are particularly relevant to this role.
(*) 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 (**).
(**) We particularly welcome applications from women and persons with disabilities.
By applying for this position you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorised disclosure of any information or any damage to the EIB Group reputation.