The EIB, the European Union's bank, is seeking to recruit for its Group Risk & Compliance Directorate (GR&C) – Regulation and EIB Group Risk Department (GREG) - Regulation & Reporting Division (R&R) – Risk Reporting Unit (RRU) at its headquarters in Luxembourg, a (Senior) Risk Reporting Officer*.
This is a full-time position at grade 5/6 for which the EIB offers a permanent contract.
As (Senior) Risk Reporting Officer, you will define, plan, implement and maintain internal and external reporting solutions in line with the EIB Group’s policies to provide the Group decision makers with an appropriate understanding of the risks and their impact on the Group’s objectives.
The Unit ensures timely and robust monitoring and reporting to internal and external parties on the capital adequacy of the Group as well as the risk profile of operations managed by the EIB Group, both on a portfolio and/or on an operation-by-operation basis. The Unit also provides analyses of reported information in the form of presentations to Committees and Government Bodies.
Ensuring the strategic implementation of and compliance with BCBS 239 is one of the tasks of the team, and requires finding a common language that encourages the alignment between risk, business development, finance and IT.
Reporting to the Head of the Risk Reporting Unit, you will work in close cooperation with colleagues across Group Risk and Compliance and other Directorates such as the Group Digital Office, the Portfolio Monitoring and Management Directorate or subsidiaries (EIF).
Externally, your stakeholders will be peer institutions, consultancy and audit firms, rating agencies, supervisors and regulators.
- Develop and implement high added-value risk reporting with special focus on Group, ensuring the continuous alignment between available solutions and business reporting needs
- Drive the integration and streamlining of the existing reporting produced by the team
- Contribute effectively to the Group’s efforts to ensure compliance with its framework of best banking practice (in particular BCBS 239 principles) and provide expert advice to senior management or external bodies in the domain of risk reporting
- Coordinate the Directorate’s contributions to the Bank’s annual rating meetings, due diligence processes as well as to the annual Financial Statement preparation
- Contribute to business requirements and testing of implementations affecting the risk reporting solutions
- Identify integrations and enhancements for the reporting produced by the team (this may include monthly risk report, external reporting to mandators and any other internal/external reporting’s as the case may be)
- Act as business owner of risk reports in larger projects involving several Directorates and/or applications
- Respond to ad-hoc/non-recurrent/complex demands including initiatives/policies related to the content of the post when needed
- Ensure back -up of tasks in the other areas of activity of the Unit in line with internal planning.
- University degree, preferably in IT, Mathematics, Finance, Engineering or Economics. Postgraduate studies in one of these subjects would be an advantage.
- Minimum 5 years of relevant professional experience, gained in a risk management function and/or reporting function
- Good understanding of overall EU regulatory framework (Risk Appetite Framework, ICAAP/ILAAP, stress-testing, Pillar III disclosures etc…)
- Knowledge and/or experience of EU regulatory reporting processes and BCBS239 reporting principles is a distinct advantage
- Proven experience of high-level communication to senior management
- Excellent Excel skills required (including VBA)
- Excellent knowledge of English and/or French (*) and a good command of the other. Knowledge of other EU languages would be an asset.
Find out more about EIB core competencies via the 'Apply' button.
(*) Unless stated explicitly as a required qualification, a good command of French is not a pre-requisite for hire. As both English and French are however official working languages of the EIB, proficiency in both languages is a pre-requisite for your future career development. Any language clause in your contract must be fulfilled in order for you to be eligible for a promotion (either via the annual appraisal cycle or via an internal selection process). Proficiency is understood to mean the attainment of level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL). The Bank offers appropriate training support.
We are an equal opportunities employer, who believes that diversity is good for our people and our business. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation/identity, disability or neurodiversity.
Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIB Recruitment team who will ensure that your request is handled.
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.
Deadline for applications: June 20th 2023.
Panel interviews are anticipated for end June/early July 2023
* internally referred to as (Senior) Officer Credit Risk Management