The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate (RM) – Regulation and EIB Group Risk Department (REG) – EIB Group Internal Modelling Division (IM) – Model Maintenance & Monitoring Unit (MMU), at its headquarters in Luxembourg, a (Senior) Officer - Internal Credit Rating Model Maintenance and Monitoring (*). This is a full time position at grade 5/6.
The term of this contract will be 4 years.
Panel interviews are anticipated for mid/end May 2021
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: (Senior) Credit Risk Management Officer
The Unit is in charge of performing 1st line of defence activities to ensure the robustness of the Bank’s rating systems and models (rating and/or PD models, LGD models, EAD/CCF models, both TtC and PiT). Such models are used, for instance, in regulatory and economic capital calculation, risk pricing, macroeconomic stress testing and IFRS9 impairment calculations including maintenance of the Credit Risk Control Function’s model governance framework. Thus, EIB is able to maintain full compliance with the CRD IV regulatory framework, A-IRB requirements, IFRS9 standards as well as various Basel Committee and European Banking Authority guidelines and recommendations
As a (Senior) Officer in the team, you will lead the review, testing, implementation, monitoring, maintenance and upgrade of the internal models for credit risk parameter models, in order to keep the Bank at the forefront of market and regulatory developments in quantitative risk modelling and credit risk assessment.
Reporting to the Head of the MMU Unit, you will work in close collaboration with colleagues from across the Risk Management Directorate and with other colleagues from across the EIB and EIF, as below. Externally, you will have regular contact with external auditors, and you will be expected to source and supervise external resources, as and when required. You can also expect contact with other external counterparts, such as the European Commission, and members of the MDB/DFI community as part of the GEMs consortium.
Via workshops, emails, phone calls, one-to-one meetings, you will have contact with
Find out more about EIB core competencies https://www.eib.org/en/about/careers/careers-competencies/index-test 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: 21st May 2021
Apply now via the "Apply" button.