(Senior) Officer - Credit Risk Policy and Implementation
The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate (RM) – Operations Department (OPE) – OPE Policy and Implementation Unit, at its headquarters in Luxembourg, a (Senior) Officer (*) - Credit Risk Policy and Implementation. This is a full time position at grade 5/6.
The Policy and Implementation Unit supports the RM/OPE Department in the implementation of the Bank’s credit risk strategy in the lending portfolio, and associated process improvements, in order to mitigate business risk and/or maximise operational efficiency and quality, such as:
- Implement and ensure compliance with financial regulations considered applicable as Best Banking Practice (BBP) for what concerns credit risk in the lending portfolio
- Operationalise the RM/OPE 2nd Line of Defence role in the area of lending appraisal and monitoring process
- Coordinate the update of credit risk management and operational guidelines
- As (Senior) Risk Officer, you will drive the development and implementation of the credit risk management framework in order to ensure the strengthening of the credit risk guidelines and their alignment with regulatory provisions and best practices
Reporting to the Head of Unit, you will be required to develop a strong, positive working relationship with colleagues across the RM/OPE Department and RM in general, and with other transversal teams including notably the front office, portfolio monitoring, legal, financial control and the European Investment Fund (EIF)
- Ensure the development, implementation and roll-out of initiatives and projects e.g.:
- Act as the Department’s focal point for actions on OPE-related BBP regulations, as identified by the team responsible for Applicability Assessment Process within RM
- Implement the respective regulations and other projects linked to the strengthening of OPE’s credit risk framework (credit risk guidelines and procedures, update of IT systems etc.) and provide overarching coordination within OPE for activities led by other RM teams and EIB Services in general
- Coordinate OPE’s input to Internal Audit reports and follow up action points relevant to OPE department
- Manage horizontal projects related to annual and ad-hoc updates of Credit Risk Guidelines (CRG) and Equity Risk Guidelines (ERG), OPE Procedure Manual and Internal Control Framework and further develop 2nd Line of Defence role of OPE for what concerns the lending appraisal and monitoring process
- In coordination with other OPE teams, manage credit risk related topics and provide input to RM opinions to MC notes, as well as feedback/comments related to changes to other Services’ procedure and guidelines
- Represent OPE in inter-Department projects and/or working groups related to the Unit’s responsibility
- Provide input to ad-hoc analyses and written communications on specific matters to management or external bodies.
- University degree, preferably in Finance / Economics or other relevant subject
- Significant relevant professional experience, ideally in a credit risk management, restructuring, or recovery role, or working with a regulator/supervisor, of which at least 5 years at a comparable level to the role offered
- Experience in various stages of the loan cycle would be an advantage
- Good project and change management skills with ability to coordinate multiple tasks across various stakeholders
- Demonstrable ability to interact with senior management
- Proficient knowledge of MS Excel. Knowledge of Business Objects would be an asset
- Excellent communications skills in English, both written and oral, with a good command of French (*). Knowledge of other EU languages would be an advantage
(*) 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 unauthorized disclosure of any information or any damage to the EIB Group reputation.
Deadline for applications: 28th of May 2021. Panel interviews are anticipated for June 2021
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.
Please apply via the 'Apply' button.