The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate (RM) – Financial Risk Department (FRD) - ALM and Financial Risk Division (ALM) – Market Risk Unit (MR), at its headquarters in Luxembourg, a:
Financial Risk Management Analyst
Appointment will be made on the basis of a fixed term contract of 4 years
Purpose
The successful candidate will contribute to the optimisation of the funding and lending functions of the Bank, through the elaboration and implementation of policies in a specific domain of financial risk (e.g. ALM, interest rate risk, foreign exchange risk), as well as through the monitoring, management and reporting of related risk exposures, in order to minimise risk and achieve set return targets for the Bank in the framework of the EIB’s objectives.
Operating Network
S/he will report to the Head of Unit, working closely with the Departments involved in financial and control matters, especially with the Finance Directorate, the Directorate for Lending Operations in Europe and the Financial Control Division. S/he will also interact, where appropriate, with external counterparts and both Internal and External Auditors.
Accountabilities
- Define, refine and update financial risk measurements, enhancing the current reporting system and introducing further indicators, as required
- Identify and help implement new management information and market risk management systems by increasing and improving the use of existing IT tools (mainly, but not limited to Algorithmics, Bloomberg, WS Treasury and Loans)
- Contribute to the definition and testing of the new RM Datamart and the relevant Algorithmics projects
- Contribute to the monitoring of the Bank’s Interest Rate risk and Spread risk positions and the production of relevant reports
- Contribute to the configuration of the Bank’s risk management tools (e.g. Algorithmics) in order to facilitate the production of the risk reports of the Unit
- Contribute to the data control process of the Division (collection, analysis, correction and formatting) in order to ensure the production of risk reports on the basis of clean, up-to-date and reliable data
- Contribute to the reporting of the FX risk position of the Bank
- Participate in the elaboration and documentation of ALM and Financial Risk policies by keeping up-to-date with market best practice and translating it into documented methodologies
- Contribute to the maintenance and update of the Financial Risk and ALM Policy Guidelines and related procedures and methodologies
- Control compliance with approved procedures and policies
- Advise and formulate independent opinions on operations/proposals with embedded financial risks
- Ensure back-up of reporting tasks in the other areas of activity of the Unit
Qualifications
- University degree, preferably in Economics, Finance, Mathematics or another quantitative subject. Post-graduate studies in these areas would be an advantage
- At least 3 years of relevant professional experience in Finance (ALM, Risk Management, Capital Markets, Treasury)
- Familiarity with quantitative and modelling tools (e.g. yield curve modelling, VaR methodology)
- Good knowledge of the principles, methods and techniques applied to price and value financial instruments (e.g. fixed vs floating rate products, swaps, basic options)
- Proven track record in the formulation, development and implementation of risk management and ALM strategies and their related operational processes (Front & Back Office, Accounting, IT etc.)
- Understanding of IFRS/IAS accounting principles would be an advantage
- Proficient knowledge and experience in using Excel to value financial instruments. Basic automation or programming skills
- Excellent knowledge of English and/or French (*), with a good knowledge of the other. (Knowledge of other EU languages would be an advantage)
Competencies
- Capacity to provide sound judgment, to understand and to anticipate issues
- Strong oral/written communication skills, particularly the ability to write clearly and concisely and convey complex concepts in a straightforward manner
- Problem solving mindset
- Ability to work under pressure
- Commitment towards the achievement of objectives
- Self-reliance
- Organising and prioritising skills
(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in one of the two languages. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of the relevant language 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
Deadline for applications: July 5th, 2015
For more details and to apply, please go to https://erecruitment.eib.orgselecting Job ID 102285
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