The EIB, the European Union's bank, is seeking to recruit for its Group Risk & Compliance Directorate (GR&C -RM), Regulation & EIB Group Risk Department (GREG) – Capital Planning & Stress Testing Division (CPST) at its headquarters in Luxembourg, an (Associate) Risk Officer – Stress Testing*.
This is a full-time position at grade 4/5 for which the EIB offers a permanent contract.
*Internal benchmark: (Associate) Officer Credit Risk Management
Panel interviews are anticipated for March 2023.
Purpose
As (Associate) Risk Officer – Stress Testing, you will contribute to the maintenance, development, and implementation of the EIB Group Stress Testing Framework and Stress Resting Programme, in order to keep the Bank at the forefront of market and regulatory developments in stress testing and comply with internal stress testing requirements.
Operating Network
Reporting to the Head of the Capital Planning and Stress Testing Division, you will work in close collaboration with colleagues of the Capital Management Division, with regular contacts across Risk Management and with other Directorates (e.g. Front Office lending, Funding, the Group Digital Office, the Secretariat General and with the European Investment Fund (EIF)). You will also interact, on a case-by-case basis, with internal auditors, the Bank's Audit Committee, etc.
Accountabilities
Contribute to the development and implementation of the annual Group Stress Testing Programme Contribute to the execution of the Bank and Group-wide stress test exercises as defined in the annual Group Stress Testing Programme and any ad-hoc stress test requests, including data preparation and reconciliation and stress test calculations for various metrics Perform reviews and analyses of executed stress tests (e.g. challenge existing model assumptions, standards, frameworks, and methodologies) and propose changes for improvement Prepare the necessary information and presentations for the Stress Test Steering Committee, Management Committee or Risk Policy Committee regarding stress testing activities Propose updates of the Group Stress Testing Framework or policies and procedures that define stress testing activities to ensure adherence with internal standards, best banking practices and regulatory requirements Participate in the assessment of the impact of new business developments or new modelling initiatives on the stress testing of EIB Group risk capital metrics Contribute to the enhancement of stress testing IT and data infrastructure to allow the stress testing function to perform independent runs and sensitivity analyses leveraging on IT systems Support the management team in the coordination of the Division's work plan, regularly interface with various internal stakeholders to develop relationships and raise awareness of the Division's stress testing activities, thereby facilitating the execution of the work plan Contribute to close any audit points or validation recommendations regarding stress testing.Qualifications
University degree, preferably in a financial or quantitative subject. Relevant post-graduate studies or professional qualifications would be an advantage At least 3 years of relevant professional experience in a stress testing or capital requirements related role, most likely gained in banking or financial services consultancy environment Familiarity with bank stress testing methodologies would be considered an advantage Strong quantitative and analytical skills and understanding of complex financial structures Knowledge of the regulatory framework and recent regulatory developments would be an advantage Experience working with large data sets and solid IT background Good knowledge of VBA, SAS, Python, MATLAB, R, or other similar programming language Sound knowledge of the MS Office pack, including proficiency in Excel Excellent knowledge of English and/or French (*) with a good command of the other.Competencies
Find out more about EIB core competencies here
(*) Unless stated explicitly as a required qualification, a good command of French is not a pre-requisite for hire. As both English and French are however official working languages of the EIB, proficiency in both languages is a pre-requisite for your future career development. Any language clause in your contract must be fulfilled in order for you to be eligible for a promotion (either via the annual appraisal cycle or via an internal selection process). Proficiency is understood to mean the attainment of level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL). The Bank offers appropriate training support.
We are an equal opportunities employer, who believes that diversity is good for our people and our business. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic, and cultural background, religion and beliefs, sexual orientation/identity, disability, or neurodiversity.
Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIB Recruitment team Jobs@eib.org who will ensure that your request is handled.
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: 17th February 2023
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