The EIB, the European Union’s bank, is seeking to recruit for its Operations Directorate (OPS), Operations Support Department (OSD), Business Support and Analytics Division (3-BUS SUPP & AN), Pricing and Profitability Unit (PPR) at its headquarters in Luxembourg, an (Associate) Lending & Credit Risk Policy Officer*.

This is a full-time position at grade 4/5 for which the EIB offers a permanent contract.

*internal benchmark (Associate) Officer Lending Operations

Panel interviews are anticipated for beginning of November 2023.

Purpose

As an (Associate) Lending & Credit Risk Policy Officer, you will provide analysis, reporting and advice to the OPS and EIB Global (GLO) Directorates as First Line of Defence in relation to the Bank’s lending activities, notably on the more technical aspects of lending products, pricing, market developments, cost coverage and capital consumption.

Operating Network

Reporting to the Head of Unit, you will work closely with colleagues in the Division and across the Operations Support (OSD) Department. Based on a strong internal network, you will need to ensure effective consultation with OPS and GLO Departments, as well as to collaborate closely with Group Risk & Compliance (GR&C), General Secretariat (SG), Portfolio Management and Monitoring (PMM), Finance (FI) and other EIB Directorates, as well as with the EIF.

Accountabilities

In this post, you will:

• Ensure the monitoring and analysis of pricing attractiveness of EIB loan products in different market segments and prepare proposals and contributions to the design of business implementation measures.
• Calculate the Financial Value Added (FVA) of individual loan operations or disbursements and provide relevant pricing advice to OPS, GLO and PMM colleagues.
• Handle the monitoring and forecasting of disbursement performance.
• Contribute and ensure timely and accurate analysis and reports on lending activities, disbursements, pricing, Incremental Return on Capital, cost coverage, profitability, prepayments, credit and other policy or operational issues.
• Proactively provide analysis to the Management Committee (MC) or OPS and GLO senior management, i.a. on pricing, profitability, capital allocation (including on the use of Economic Capital), capital market developments and complex or innovative operations.
• Follow regulatory and capital market developments; in close cooperation with FI and GR&C, you will also assess their impact on the EIB’s pricing methodology, on the profitability of EIB lending products and on the use of capital.
• Contribute to the elaboration/implementation and updating of policies related to non-risk pricing (mark-up, FVA/modulation, fees, other pricing components) and capital consumption and allocation, IBOR transition and more generally business development, and represent the Directorate(s) in related Bank-wide Working Groups and initiatives; you will also ensure maintenance and update of related procedures in close cooperation with Operational Management.
• Actively contribute to the development of internal IT applications related to pricing and capital allocation, including drafting of user specifications, and proper functioning of existing tools, in close cooperation with OSD2 and Business Solutions Department.
• Screen MC Notes and Appraisal Fact Sheets (AFS’s) concerning pricing elements and provide relevant feedback to OPS and GLO colleagues and/or OPS and GLO hierarchy.
• Maintain a regular and transparent flow of information between the Business Support and Analytics Division and OPS and GLO transactional Departments with regard to pricing, profitability and capital allocation; ensure that their input is taken into account, organize regular feed-back on the progress of bank-wide initiatives and set up trainings/information sessions whenever appropriate.

Qualifications

• University degree (minimum an equivalent to a Bachelor) preferably in Finance/Economics/Mathematics or other quantitative subjects; a postgraduate degree in these subjects will be considered an asset.
• Minimum 3 years of relevant professional experience including exposure to the lending process
• Advanced knowledge of MS Excel, Business Objects and external financial IT databases (e.g. Bloomberg)
• Experience in working with large data samples and data management
• Knowledge of the lending and funding processes and products would be an advantage
• Knowledge of standard IT tools, databases (e.g. Bloomberg) and data extraction / reporting systems (e.g. Business Objects) would be an advantage.
• 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 [email protected] 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: 22^nd September 2023

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