(Associate) Officer Financial Risk Management

  • Competitve
  • Luxembourg Luxembourg Luxembourg LU
  • Contract, Full time
  • European Investment Bank.
  • 21 May 18 2018-05-21

As the (Associate) Officer Financial Risk Management you will contribute to the risk management for derivatives transactions in line with EIB financial risk policies. You will do so by (a) implementing and monitoring counterparty credit risk measures, including Expected and Potential Future Exposures and regulatory exposure measures; (b) reporting counterparty credit risk limit use and availability; (c) computing internal credit, liquidity and funding charges for derivatives.

The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate (RM) - Financial Risk Department (FIN) - Derivatives Division (DER), Counterparty Credit Risk Unit (RKU) , at its headquarters in Luxembourg, a:

(Associate) Officer Financial Risk Management

This is a full-time position at grade 4/5

The term of this contract will be 4 years

Panel interviews are anticipated for the end of MAY

The EIB offers fixed-term contracts of up to a maximum of 6 years, according to business needs,

with a possibility to convert to a permanent contract, subject to organisational requirements and individual performance.

 

Purpose

As the (Associate) Officer Financial Risk Management you will contribute to the risk management for derivatives transactions in line with EIB financial risk policies. You will do so by (a) implementing and monitoring counterparty credit risk measures, including Expected and Potential Future Exposures and regulatory exposure measures; (b) reporting counterparty credit risk limit use and availability; (c) computing internal credit, liquidity and funding charges for derivatives.

Operating network

As the (Associate) Officer Financial Risk Management, you will report to the Head of the Derivatives Counterparty Credit Risk Unit. You will be working in close collaboration with the Head of the Derivatives Division and a team of Risk Officers.

Accountabilities

  • Propose and implement changes in the derivatives risk management policies, processes and procedures, following new regulations and industry standards
  • Implement and control internal and regulatory models for derivatives exposures
  • Report on risk positions, limit use and counterparty availability for new operations
  • Produce opinions on the impact of new transactions on novations and changes in ISDA/CSA documentation on the fair value, internal credit , liquidity and funding charges, and the risk profile
  • Represent the unit with other domains in the Bank (front and back office, legal services, and internal audit) in order to ensure that appropriate internal cooperation and controls are maintained

Qualifications

  • University degree, preferably in quantitative finance. Post-graduate studies and PRMIA or GARP certificates will be an advantage
  • At least 3 years professional experience acquired with a major derivatives dealer or user, with extensive implication in derivatives counterparty credit risk management
  • Deep understanding of counterparty risk quantification and derivatives liquidity and funding aspects
  • Deep understanding of counterparty credit risk mitigation, including ISDA/CSA documentation
  • Experience in working with XVA adjustments (CVA, DVA, CollVA, FVA, KVA, AVA)
  • Knowledge of BCBS regulations, EBA standards and best banking practice in the field
  • Command of programming languages, especially C#, Visual Basic and SQL

Competencies

  • Achievement Drive: continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
  • Change Orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
  • Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
  • Organisational Commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation’s needs and intrinsic values, acting with integrity in ways that promote the organisation’s mission, policies and rules.

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in French. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of French 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

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