(Associate) Risk Management Officer - Capital Planning (Associate) Risk Management Officer - Capital  …

European Investment Bank
in Luxembourg, Luxembourg, Luxembourg
Permanent, Full time
Last application, 20 Feb 20
European Investment Bank
in Luxembourg, Luxembourg, Luxembourg
Permanent, Full time
Last application, 20 Feb 20
(Associate) Risk Management Officer - Capital Planning
The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate - Regulation and EIB Group Risk Department - Capital Management Division - Capital Planning Unit, at its headquarters in Luxembourg, an (Associate) Risk Management Officer - Capital Planning. This is a full time position at grade 4/5.
The term of this contract will be 4 years.
Panel interviews are anticipated for mid March 2020
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

To support the design, development, implementation and maintenance of EIB's capital planning framework in order to ensure capital sustainability and efficient capital allocation of the current and future EIB Group Operational Plans.

Operating Network
The Unit's responsibilities are:
  • Develop, implement and maintain the Capital Sustainability Framework, Risk Appetite Framework, Capital Contingency Plan and Recovery Plan
  • Develop and maintain models and tools (e.g. projection models) to support the capital planning activities.
  • Contribute to the ICAAP and to the Operational Plan process.
  • Develop and maintain an appropriate capital allocation tool.
The position's main focus is on supporting capital consumption measurement on a projected basis, analysis and reporting (capital adequacy metrics, capital adequacy projections, implementation of changes in the regulatory framework, stress testing, simulations, compliance with best practice in risk management, etc.).
Reporting to the Head of Capital Planning Unit and working in close collaboration with colleagues of the Capital Management Division, you will also have regular contact with other colleagues within Risk Management and across other Directorates (e.g. e.g. front office lending, the finance/funding Directorate, IT, the Secretariat General, and our sister company, the European Investment Fund (EIF).

  • Support the ongoing design, development, implementation, management and maintenance of ElB Group's capital planning framework, with a focus on capital consumption measurement, projection, stress testing, analysis and reporting
  • Support the assessment of anticipated impacts on the capital metrics of the EIB Group of regulatory or new business developments, new initiatives, methodological changes or new modelling best practices, in order to provide Senior Management with solid decision-making tools
  • Support the production of projections of capital metrics
  • In conjunction with the colleagues of the Division, support the development, implementation and maintenance of the Bank's capital projection stools, both from technical and methodological perspectives
  • Review, analyse and report on the actual evolution of capital metrics to the management and stakeholders
  • Support the capital adequacy assessment and planning processes, risk appetite setting, limits definition, etc.
  • Support the activities related to capital consumption simulations, stress tests and analyses
  • Participate in projects and/or working groups and/or strategic initiatives of horizontal nature, and support the activities related to capital planning
  • Ensure methodological and data consistency between various capital measurement tools (regulatory capital, economic capital, rating agencies' capital models). Contribute to the development of a holistic risk view
  • Ensure that adequate documentation of relevant methodologies, processes and tools is put in place
  • Support the Bank's efforts to maintain compliance with applicable best banking practice in the area of capital managementProvide input to ad-hoc analyses and written communications on specific capital management matters to senior management or external bodies

  • University degree, preferably in a quantitative subject (e.g. Mathematics, Physics, Statistics), complemented by relevant exposure to finance or risk management, or in a financial field with a quantitative work experience
  • At least 3 years' experience in finance and/or banking, ideally gained in capital planning and management, capital requirements calculation, credit risk modelling or a similar role
  • Good understanding of the banking industry, exposure to risk management topics would be an advantage
  • Good knowledge of the EIB Group's purpose, organisation, business activities and operational cycles
  • Solid IT background and ability to work with large data sets (database querying, SQL) and excellent Excel and data-analysis knowledge
  • Good modelling skills, ideally including programming skills (e.g. SAS, Python)
  • Good knowledge of PowerPoint and ability to present complex technical topics to non-technical audience would be an advantage
  • Fluent in English and/or French (*) with a good command of the other

  • 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 are an equal opportunity employer, who believes that diversity is good for our people and our business. As such, we promote the inclusion of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability (**).
    The level of functions in the job vacancy is only indicative and will be adjusted accordingly taking into account, among other things, the business need, as well as the selected candidate's experience and expertise
    (**) We particularly welcome applications from women and persons with disabilities.
    Deadline for applications: 1st March 2020