Financial Risk Management Officer - Market Risk & Pricing Control - based in Luxembourg
European Investment Bank (EIB)
The EIB, the European Union's bank, is seeking to recruit for its Group Risk and Compliance Directorate (GR&C-RM), Group Financial Risk Department (GFIN), ALM and Market Risk Division (ALM), Market Risk and Pricing Control Unit (MRC), at its headquarters in Luxembourg, a Financial Risk Management Officer – Market Risk & Pricing Control*.
This is a full-time position at grade 5 for which the EIB offers a permanent contract.
- internal benchmark Officer Financial Risk Management
Purpose
You will play a key role in strengthening the Bank’s oversight of loan pricing and market risk by contributing to the development and the maintenance of robust risk policies and frameworks aligned with the Bank’s Asset and Liability Management (ALM) framework, best banking practice and regulatory expectations. Your work will support the timely identification, assessment and monitoring of financial risk exposures, helping ensure that pricing and market risk activities remain sound, consistent and well controlled.
Operating Network
You will report to the Head of Market Risk and Pricing Control Unit and work closely with the financial risk managers within the division, as well as the Departments involved in financial and control matters, especially with the Finance Directorate, the Directorate for Lending Operations and Financial Control. You will also work with external counterparts and both Internal and External Auditors.
Accountabilities
- Contribute to the implementation of the 2nd LoD oversight framework for loan pricing (specific to financial risk pricing components such as the Blue Curve, Prepayment Option Spread (POS), Liquidity Risk Premium (LRP), Internal Derivative Pricing (IDP) and commitment fees) and market risk (Interest Rates, FX and Pension risks).
- Prepare risk assessments related to the Bank’s Interest Rate Strategy, under guidance from senior team members.
- Support the validation of financial risk metrics for the EIB(G)/EIF portfolios by comparing calculations with reports produced by FI and/or CFC.
- Contribute to ongoing initiatives within the Division by helping research, document, and test new ideas.
- Test new product representations within financial risk systems.
- Review and update the ALM and Financial Risk policies by helping gather information on market practices and regulatory developments.
- Follow and help ensure compliance with approved procedures and internal policies in daily activities.
- Participate in mandate-related risk assessments by supporting analysis, preparing documentation, and assisting in the monitoring of underlying financial risks.
- University degree (minimum an equivalent to a Bachelor) preferably in Economics, Finance, Mathematics or another quantitative subject. Post-graduate studies in these areas would be an advantage.
- At least 5 years of relevant professional experience in Finance, ideally ALM, Risk Management, Capital Markets, or Treasury functions.
- Proven expertise in quantitative and financial modelling, including loan pricing, BPV and duration calculation.
- Strong knowledge of ALM and market risk management techniques.
- Demonstrated experience in implementing models and methodologies supporting the monitoring and management of market risks in banking books.
- Good communication and interpersonal skills.
- Programming knowledge (e.g C# or Python) would be an advantage.
- Experience with IT systems such as WSS (FK), Business Objects, and CompatibL is a plus.
- Thorough understanding of financial markets and relevant regulations, including money markets, capital markets, and derivatives.
- Excellent knowledge of English and/or French (***), with a good command of the other. (Knowledge of other EU languages would be an advantage).
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(***) 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 hire and value talent with unique characteristics, creating a work environment where they can be themselves. We believe that Diversity, Equity and Inclusion makes us a performing and innovative organisation. 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, disability or neurodiversity.
If you require reasonable accommodation during the recruitment process due to a disability, neurodivergence, or a chronic health condition, please contact the EIB Recruitment team [email protected] who will manage your request appropriately.
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.
This is an open campaign to consecutively fill open positions. The campaign will remain open until position is filled. Applications will be reviewed in order of receipt.