(Senior) Loan Pricing and Product Development Officer (Senior) Loan Pricing and Product Development  …

European Investment Bank
in Luxembourg, Luxembourg, Luxembourg
Permanent, Full time
Be the first to apply
European Investment Bank
in Luxembourg, Luxembourg, Luxembourg
Permanent, Full time
Be the first to apply
(Senior) Loan Pricing and Product Development Officer
The EIB, the European Union's bank, is seeking to recruit for its Finance Directorate (FI) - Treasury Department (TRES) - Financial Engineering and Advisory Services Division (FEAS) at its headquarters in Luxembourg, a (Senior) Loan Pricing and Product Development Officer. This is a full time position at grade 5/6.
The term of this contract will be 4 years
Panel interviews are anticipated for end of July/beginning of August 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.

You will be required to (i) contribute to the pricing and rate quotation activity for EIB's standard and non-standard lending/guarantee products, (ii) support the Lending Directorate in all procedural areas related to the successful closing of rate quotations and (iii) provide financial advisory on newly developed lending/guarantee products.

Operating Network
You will report directly to the Head of Financial Engineering and Advisory Services Division, and work in close collaboration with the other Division members and colleagues of the Treasury Department, particularly the Asset and Liability Management desk. You will also interact on a regular basis with "Back Office Lending", as well as the Lending and the Transactions Management and Restructuring Directorates. Contacts with Risk Management, Legal, Internal Audit and IT will occur on a less frequent basis. The location of this position is in the dealing room, and in an open-space working environment therefore, it is submitted to a specific Code of Conduct and qualified as "sensitive".

  • Perform indicative and firm quotations of lending rates for all types of both standard and non-standard lending products (including guarantee structures, re-structurings, prepayments, rate revisions) in order to provide operational support to lending and re-structuring directorates.
  • Provide advisory to lending, disbursement and monitoring officers and to clients on the products of the Bank, both for financial and procedural aspects.
  • Contribute to the maintenance and the development of the front office system use to channel and process the Bank's pricing requests for all lending-related products of EIB
  • Assist in the conceptual design and development of the "pricing engine" with a view to create a best-in-class implementation, both in terms of pricing methodology and technical implementation
  • Contribute to the design and implementation of new financial products with OPS to meet customer requirements
  • Comment (potentially in the form of drafting "opinions") on documents ("notes") of other Services concerning new initiatives for financial products, assessing impacts in terms of procedures, work-flows and pricing/hedging policies.
  • Liaise with other Services within the Bank, raising potential bottlenecks in the area of responsibility (pricing, hedging risks, operational processing) and proposing solutions to overcome them in order to support the safe expansion of the product palette offered by the Bank.
  • Represent the Financial Engineering and Advisory Services Division in committees and working groups of the Bank, as the case may be.
  • Perform other ad-hoc activities in special initiatives and tasks related to the responsibilities of the Division.

  • University degree, preferably in economics, finance or other related area.
  • Post-graduate studies or professional qualifications such as ACT qualifications, PRMIA or GARP for (Treasury) Risk Management would be an advantage
  • Minimum 5 years relevant professional experience in banking, preferably in (but not restricted to) a role akin to pricing in a trading room/treasury or in financial risk management
  • Good understanding of key financial concepts (fixed vs. floating rate products, interest rate and cross-currency swaps, amortising products, yield curve modelling)
  • Sound knowledge of financial markets, in particular swap markets and debt markets
  • Familiarity with Bloomberg and/or Reuters
  • Proficiency in computer applications: advanced skills in the use of Excel, including graphical functionalities, and sound usage of MS PowerPoint
  • Excellent knowledge of written and spoken English and good command of French (*). Knowledge of another language of the European Union would be an asset.

  • 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 (*).
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 position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorized disclosure of any information or any damage to the EIB Group reputation.
Deadline for applications: Monday, 8 th June 2020
(*). We particularly welcome applications from women and persons with disabilities.