(Associate) Risk Officer – Loan/Financial Collateral (Associate) Risk Officer – Loan/Financial  …

EIB - European Investment Bank
à Luxembourg
CDI, Plein-temps
Dernière candidature, 16 sept. 21
Competitive
EIB - European Investment Bank
à Luxembourg
CDI, Plein-temps
Dernière candidature, 16 sept. 21
Competitive
.

The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate – Operations Department (OPE) - Mandates, Pricing & Support Division (MPS) – Loan Collateral & Pricing Unit (L&PU),  at its headquarters in Luxembourg, an (Associate) Risk Officer – Loan/Financial Collateral (*).  This is a full time position at grade 4/5.

Panel interviews are anticipated for October 2021 

The term of the 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.

(*) internal benchmark: (Associate) Credit Risk Management Officer

Purpose

In the context of collateralised lending transactions negotiated by the front office, you will execute risk-related processes and contribute to the development of risk-related tools, policies and reporting, in order to mitigate transaction-specific credit risk and ensure the quality of EIB’s loan portfolio and its economic capital sustainability

Operating Network

Reporting to the Head of the Loan Collateral & Pricing Unit, you will work in close cooperation with colleagues both in Risk Management and in other Directorates/ Departments of the Bank, in particular Front Office lending (OPS), Legal (JU), Transaction Management and Restructuring (TMR), the Finance/Funding Directorate (FI) and Information Technology (IT).  You 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:

 

  • Compute the daily loan exposure to be covered by financial collateral
  • Check the eligibility and coverage ratio of the financial collateral posted by the counterparties, in line with RM’s second line of defence role
  • Develop and implement further second line of defence controls related to exposure covered by financial collateral
  • Monitor the loan collateral portfolios, as part of RM second line of defence’s duty: liaise with clients for exposure change, analyse collateral proposals and notify custodian banks in a timely manner, verify the correct valuation of loan collateral, reconcile custodians’ account statements
  • Report on the collateral portfolio
  • Identify and solve any issue related to the loan collateral calculations and the corresponding results
  • Carry out regular data quality checks as part of RM second line of defence’s duty (position amount, credit rating) to identify incidents
  • Maintain and develop the IT tools used for loan collateral management
  • Answer queries from counterparties, custodians and the Bank’s Services related to collateral and exposure in connection to existing loan pledge agreements
  • Collaborate with other colleagues within RM and in OPS, JU, FI, IT and internal audit
  • Liaise with Custodian banks to facilitate the implementation of the pledge agreements
  • Contribute to the development and improvement of procedures, support and control systems, methodologies and working tools in the context of collateralised lending transactions

Qualifications

  • University degree, preferably in a relevant field
  • 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
  • Hands-on experience of/capacity to analyse transactions related to collateral management.  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 of their impact on loan collateral
  • Ability to intervene and resolve IT process related issues
  • Very good knowledge of Excel, 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 knowledge of the other. 

Competencies

Find out more about EIB core competencies https://www.eib.org/en/about/careers/careers-competencies/index.htm here

(*) 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.

We particularly welcome applications from women and persons with disabilities.

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 unauthorised disclosure of any information or any damage to the EIB Group reputation.

Deadline for applications:  19th September 2021

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