The EIB, the European Union’s bank, is seeking to recruit for its Directorate forRisk Management (RM), Credit Risk and Policy Department (CRD), Public Sector and Financial Institutions Division (PFI), at its headquarters inLuxembourg, a:
Credit Risk Officer (CRO)
Public Sector, Financial Institutions
This is a preliminary campaign to build up a pipeline of candidates for posts which may open in the next 12 months. Based on the assessment of their respective professional qualifications and experience, candidates will be selected for a position on an appropriate level
Appointment will be made on the basis of fixed term contracts of 4 years
Purpose
Provide credit opinions on proposed new operations and changes of existing operations, in accordance with the bank’s Credit Risk Policy Guidelines (CRPG) and with the aim of maintaining the credit quality of a highly diversified portfolio of transactions. CRO will also propose and participate in discussions on changes to the CRPG, contribute to the on-going development of internal rating methodologies and departmental procedures. The work is varied, covering a broad range of transaction types in diverse geographical locations.
Operating Network
S/he will report to the Head of Division, and work in close cooperation with the other Division members.
Extensive contacts with colleagues in Risk Management, Front Office Lending, Transaction Monitoring, Legal Department as well as, occasionally, with external counterparts.
S/he also maintains contacts with Rating Agencies, and other relevant external information sources.
Accountabilities
- Independently evaluate and monitor the credit risk associated with loans and guarantees in standard and structured operations, in line with guidelines and procedures for the department. This includes:
- Assess credit risk, formulate opinions on credit proposals, review and validate counterpart ratings and credit limits, and determine risk pricing
- Review legal documentation from a credit risk standpoint
- Coordinate with other operational departments in structuring and mitigating credit risk
- Propose security/collateral requirements Closely follow and report on counterparts/transactions requiring special attention
- Check the quality and correctness of credit risk related data input into various IT systems
- Deal with credit risk related enquiries from within the Bank and provide solutions
- Contribute to the development and improvement of procedures, support and control systems, IT systems, methodologies and working tools
- Provide advice and recommendations, proactively, on complex credit risk issues and related policies for credit risk management, aligning the EIB with best practice
- Periodically, take lead or participate in horizontal tasks
Qualifications
- University degree, preferably in finance, business administration or law
- Post-graduate education would be an advantage
- Minimum 5 years’ relevant professional experience in credit risk assessment of and/or lending to the public sector and/or banks
- Proficiency in analysing the credit risk of public sector entities, financial institutions, and securitisation structures
- Experience with credit risk assessment methodologies and rating agency criteria. Proficiency in reviewing complex legal structures
- Knowledge of the Bank’s standard computer applications, as well as the specific IT applications supporting operations
- Excellent knowledge of English and/or French (*), with a good knowledge of the other. Knowledge of other EU languages (in particular German, Spanish, Italian, Portuguese) would be advantageous
Competencies
- Strong analytical skills and capacity to quickly provide sound judgement on a variety of complex non-routine credit issues and provide clear recommendations
- Excellent verbal and written communication skills
- Confirmed negotiation skills
- Ability to work within a group and under pressure
- Demonstrated self-resilience and initiative
- Strong organising and prioritising skills
- Reliability and flexibility
(*) 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
For more details and to apply, please go to https://erecruitment.eib.org, selecting Job ID 101776
Deadline for applications: 31st July 2015
We believe that Diversity is good for our people and our business. We promote and value diversity and inclusion among our staff and candidates; irrespective of their gender, age, nationality, race, culture, education and experience, religious beliefs, sexual orientation or disability.
