Offre: :Job description:Retour aux résultats Marquer cette offre d'emploi Offres d'emploi marquées appliquer maintenant (Associate) Officer - Financial Risk. European Investment BankLocalisation: . Luxembourg Rémunération : . not communicated Dernière mise à jour: . mardi 19 décembre 2023 Contrat Type: . CDI Temps de travail: . Temps plein appliquer maintenant » Partager cette offre d'emploi: » » » » Signaler cette annonce
Description de emploi*** This situation is based at our Luxembourg headquarters and requires regular office presence . The EIB offers you the opportunity to live and work in a truly international and multi-cultural environment. We also offer relocation support. ***The EIB , the European Union's bank, is seeking to recruit for its Group Risk & Compliance Directorate (GR&C), Group Financial Risk Department (GFIN), ALM and Market Risk Division (ALM), Market Risk Unit (MRU), at its headquarters in Luxembourg, an (Associate) Officer - Financial Risk* . This is a full-time situation at grade 4/5 for which the EIB offers a permanent contract . *internal benchmark: (Associate) Officer Financial Risk Management Panel interviews are anticipated for January 2024. Purpose The Market Risk Unit (MRU) is the second line of defence for the management of Interest Rate Risk in the Banking Book (IRRBB) including gap, tenor basis and cross currency basis risks, as well as FX risk, which are subject to daily limits. We measure and monitor also Credit Spread Risk in the Banking Book (CSRBB) and Pension risk. Among our responsibilities are the calculation of Pillar 2 capital charges for the above-mentioned risks. As (Associate) Officer - Financial Risk, you will contribute to the identification, measurement, monitoring, coordination and reporting of the Interest Rate Risk and FX Risk exposures arising from the Bank’s lending, borrowing and treasury activities, in line with the Bank’s Asset and Liability Management (ALM) framework and best banking practices/regulations, thereby protecting the Bank against undue financial risks. Operating Network Reporting to the Head of Market Risk Unit, you will work closely with the risk measurement developers within the ALM & Market Risk Division, as well as the other Departments involved in financial and control matters, especially with the Finance Directorate (the Bank’s front office for Funding), the Directorate for Lending Operations (front office for lending), and Financial Control. You will also interact, where appropriate, with external consultants and both Internal and External Auditors. Accountabilities » Monitor on a regular basis the risk positions within the remit of the Unit, i.e.: Interest Rate Gap and Basis risk positions, as well as FX risk » Produce relevant regular and ad hoc reports, including when required, opinions on matters impacting these reports such as non-observance of limits, data reconciliation issues with First Line of Defence or any specific ad-hoc request » Coordinate the data control process of the Division (collection, analysis, correction, and formatting) to ensure the production of risk reports based on clean, up-to-date, and reliable data » Contribute to the development and review of financial risk measurement systems, models, and tools in line with the latest banking regulations and best banking practices, by enhancing the current market risk reporting system and by introducing further indicators/reports if and when needed. In particular, and together with the Quantitative Model Implementation Unit of the Division, continuously enhance the set-up of market risk monitoring in the Bank’s financial risk platform, namely CompatibL » Participate in the integration and testing for the integration and representation of new products into the financial risk system(s) » Document ALM and Financial Risk policies and keep them up-to-date with market best practice » Contribute to the maintenance and update of the Financial Risk and ALM Guidelines as well as other related procedures and documented methodologies (such as the IRRBB handbook) » Ensure compliance with approved procedures and policies » Prepare draft opinions on transactions/transaction proposals with embedded financial risks » Ensure a back-up of reporting tasks across the Unit Qualifications » 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 3 years of relevant professional experience related to Financial Risk Management activities (eg ALM, Capital Markets, Treasury and/or Market Risk) » Familiarity with relevant quantitative and modelling tools (e.g. for fixed vs. floating rate products, swaps, BPV & duration calculations, sensitivities etc.) » Knowledge of banking regulations and best banking practices, with a focus on Interest Rate Risk in the Banking Book (IRRBB) » Prior experience in implementing models and methodologies supporting the monitoring and the management of market risks in banking books would be asset » Good communication and interpersonal skills » Understanding of IFRS/IAS accounting principles would be an advantage » Proficient knowledge and experience in using Excel and VBA. Basic programming skills (e.g C# or Python) would be an advantage » Excellent knowledge of English and/or French (*), with a good command of the other. Knowledge of other EU languages would be an advantage. Competencies Find out more about EIB core competencies here (*) 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 Jobs@eib.org 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 situation 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: January 3rd 2024 secteurs similaires . Comptabilité / Finance , Services financiers , Direction / Cadres Localisations similaires . Luxembourg Merci d'avoir signalé cette offre.Un membre de notre équipe contrôle capacité va regarder rapidement.Skills:
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