Financial Risk Management - Senior Officer

Location
Luxembourg
Salary
Competitive salary
Posted
16 Sep 2019
Closes
01 Oct 2019
Contract Type
Contract, Permanent
Hours
Full Time

(Senior) Financial Risk Management Officer

The term of this contract will be 4 years.


Panel interviews are anticipated for the 2nd half of October 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

You will identify, measure, monitor and manage Market Risks arising in the Bank’s lending, borrowing and treasury activities, in line with the Asset and Liability Management (ALM) framework of the Bank and the best banking practices/regulations, in order to protect the Bank against undue financial risks.

Operating Network

You will report to the to the Head of the MRU Unit, working closely with colleagues across Risk Management (RM) as well as in Finance, Lending, Financial Control, and IT. You will also interact, with peer institutions, consultancy and audit firms on financial matters, where appropriate.

Accountabilities

  • Define, refine and update market risk measurements and methodologies in line with the latest banking regulation and best banking practices by enhancing the current market risks reporting framework and/or introducing further indicators as required
  • Drive the design, implementation and revision of the financial risk policies, processes, and procedures related to market risks (interest rate risk, cross currency basis risk, tenor basis risk, funding and credit spread risk and foreign exchange risk). In particular, contribute to the alignment of Bank’s IRRBB management framework with the latest BCBS and EBA requirements
  • Monitor the Bank's Interest Rate Risk position and the production of the relevant risk reports, including, when required, provide an expert opinion on matters impacting these reports such as non-observance of limit, data reconciliation issues with First Line of Defence or any specific ad-hoc request arising
  • Propose improvements/further automatisation of the unit’s existing reporting activities
  • Ensure the crosscheck of the annual contributions to the Pillar 3, ICAAP, Financial Statements and Stress Testing exercises
  • When needed, represent the Division in and contribute, in the form of quantitative analysis and impact assessment, to working groups and permanent committees (e.g. ALCO and sub-ALCOs).
  • Foster constructive working relations both within RM on transversal topics (such as ICAAP and Stress Testing exercises) and beyond RM, in particular with the Finance Directorate (FI) on relevant cross Directorate topics (such as IBORs reform)
  • Identify and assess financial risks in new products and formulate an independent opinion/recommendation in line with existing risk management policies and procedures.
  • Respond to ad-hoc/non-recurrent/complex demands, including new initiatives/policies related to the content of the post when needed
  • Contribute to the implementation of projects related to the content of the post
  • Actively follow the latest best banking practices/regulation/accounting evolutions/industry practices on relevant subjects for the Division, in particular on IRRBB
  • Proactively assist the Head of Division and Head of Unit in the relevant activities of the Division and provide guidance to more junior staff in the conception/execution of risk processes and use of risk applications.


Qualifications

  • University degree, preferably in Economics, Finance, Mathematics or another quantitative subject. Post-graduate studies in these areas and/or professional certification such as PRM and FRM would be an advantage
  • Minimum 5 years of relevant professional experience in Market Risk/ALM, including exposure to quantitative and financial modelling (e.g. yield curve modelling, VaR methodology, BPV calculation, pension liability modelling, transfer pricing systems, capital allocation models etc)
  • Hands-on experience in the formulation, development and implementation of Market Risk/ALM measurement and management tools and models
  • Good understanding of relevant IFRS/IAS accounting principles
  • Sound knowledge of banking regulation and best banking practices relating to the monitoring and managing IRRBB and experience in their implementation
  • Good communication and interpersonal skills.
  • Ability to write clear and concise reports/notes/debriefings
  • In depth command of Excel and VBA (to value instruments and to improve/automate further reporting tools)
  • Hands-on experience with one or more of the following programming languages: C#, C++, SQL, Python, MatLab, Java or other related languages
  • Excellent knowledge of English and/or French and 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

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.

Deadline for applications: 1st October 2019

Interested

You can apply via the ''Apply'' button.

Similar jobs

Similar jobs