(Associate) Credit Risk Management Officer

  • Competitive
  • Luxembourg
  • Intérim, Plein-temps
  • European Investment Bank.
  • 08 nov. 17 2017-11-08

The successful candidate will be responsible, in the context of collateralised lending transactions negotiated by the front office, for: Checking the eligibility and coverage ratio of the financial collateral posted by the counterparties as part of RM second line of defence; Computing the daily loan exposure to be covered by financial collateral.

The EIB, the European Union's bank is seeking to recruit for its RISK MANAGEMENT DIRECTORATE (RM) – OPERATIONS DEPARTMENT (OPE) – PRICING & SUPPORT DIVISION (PSD) – LOAN COLLATERAL & PRICING UNIT (L&PU), at its headquarters in Luxembourg, a:

 

(Associate) Credit Risk Management Officer

 

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

The term of this contract will be 4 years

 

 

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

 

The successful candidate will be responsible, in the context of collateralised lending transactions negotiated by the front office, for:

  • Checking the eligibility and coverage ratio of the financial collateral posted by the counterparties as part of RM second line of defence;

  • Computing the daily loan exposure to be covered by financial collateral.

     

Operating Network

 

S/he will report to the Head of the Loan Collateral & Pricing Unit and the Head of the Pricing & Support Division. S/he will work in close cooperation with colleagues both in Risk Management and in other Directorates / Departments of the Bank, in particular Operations (OPS), Legal (JU), Transaction Management and Restructuring (TMR), Finance Directorate (FI) and Information Technology (IT). S/he will also interact with external counterparts: pledgors, custodian banks and external auditors.

 

 


Accountabilities

 

Under the supervision of the Head of Unit, manage all RM tasks linked to the monitoring of financial collaterals, in the context of collateralised lending transactions. This includes:

 

  • Computing the daily loan exposure to be covered by financial collateral.

  • Monitoring the loan collateral portfolios, as part of RM second line of defence’s duty: liaising with clients for exposure change, analysing collateral proposals and notifying custodian banks in a timely manner, verifying the correct valuation of loan collateral, reconciling custodians’ account statements.

  • Reporting on the collateral portfolio.

  • Identifying and solving any issue related to the loan collateral calculations and the corresponding results.

  • Carrying out regular data quality checks as part of RM second line of defence’s duty (position amount, credit rating) to identify incidents.

  • Maintaining and developing the IT tools used for loan collateral management.

  • Answering queries from counterparties, custodians and the Bank’s Services related to collateral and exposure in connection to existing loan pledge agreements.

  • Collaborating with other colleagues within RM and in OPS, JU, FI, IT and internal audit.

  • Liaising with Custodian banks to facilitate the implementation of the pledge agreements.

  • Contributing to the development and improvement of procedures, support and control systems, methodologies and working tools in the context of collateralised lending transactions.

  • Coaching and training as the case may be, other less experienced team members.

 

 

Qualifications

  • University degree in a relevant field, preferably Finance or Economics or a Law degree with a major in Finance.

  • At least 3 years of relevant professional experience, ideally on the risk management side, acquired in a financial institution or in a relevant financial services organisation.

  • Ability to calculate the net present value of loans.

  • Knowledge of market and credit risk management techniques and operational processes related to loan collateral management.

  • Understanding of how financial markets (money-market and financial markets) operate and their impact on loan collateral.

  • Hands-on experience of/capacity to analyse transactions related to collateral management.

  • Ability to intervene and resolve IT process related issues.

  • Very good knowledge of Excel.

  • Knowledge of the Bank’s standard computer tools (GED, Pirat, Serapis,etc) would be nice to have.

  • Knowledge of Bloomberg and Bloomberg link to Excel worksheets.

  • Understanding of EIB policy, objectives, lending processes and political framework.

  • Excellent knowledge of English and/or French(*), with a good command of the other. Knowledge of other European Union languages would be an advantage.

 

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