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), Prudential Policies and Standards Unit (PPS) at its headquarters in Luxembourg, an (Associate) Officer Credit Policies & Standards*.

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 mid-October 2023.

Purpose

As an (Associate) Officer Credit Policies & Standards, you will design, develop and implement methodologies, policy frameworks and/or internal user guidelines throughout the OPS and EIB Global (GLO) Directorates in relation to credit risk assessment and prudential Best Banking Practices (BBP) projects, in order to ensure that business origination aspects are properly reflected in these initiatives, and that OPS and GLO adhere to the Bank’s BBP and implement unified financial analysis standards.

Operating Network

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

Accountabilities

In this post, you will:

• Contribute to the development of methodologies, policy frameworks and internal guidelines in relation to credit risk assessment, prudential frameworks and prudential BBP (Best Banking Practices)
• Provide specialised functional expertise and recommendations on improvements of credit and prudential methodologies, policy frameworks and internal guidelines in order to align the Bank with best practices
• Represent OSD in Working Groups aimed at developing and maintaining credit risk models and methodologies. Evaluate the impact of these models and their adjustments for OPS and GLO; in close cooperation with PMM as a part of the Bank’s first line of defence, formulate constructive proposals in the context of Working Groups, and in support of Senior Management’s participation in Model Risk Committee, Management Committee and Board of Directors meetings
• Represent OSD in BBP Working Groups; formulate proposals to ensure that aspects related to business origination are adequately reflected in the definition and implementation of the BBPs, while maintaining a constructive dialogue with SG, RM, PMM and other services involved on these topics
• Maintain a regular and transparent flow of information with the other OSD Divisions and with OPS/GLO’s transactional Departments with regard to credit assessment models and methodologies and BBP projects; 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, facilitate the transposition of the new practices into OPS procedures manual
• In close cooperation with PMM, contribute to the deployment and maintenance of unified financial analysis standards throughout OPS and GLO; act as a point of contact and expertise for the deployment, use and development of the Financial Statements Database; organize training sessions for the transactional Departments on financial spreading and analysis
• Provide expert advice to the OPS and GLO transactional Departments for the development and implementation of the Early Warning Signals / Non-Performing Exposure policy. In close cooperation with the Climate Action and Environment Coordination Division, ensure the development and deployment of the Bank’s Climate Risk assessment tools and methodologies. Provide input for the periodic and ad-hoc reviews of EU and non-EU Credit Risk Guidelines in collaboration with RM Operations (GR&C-RM/CCRD) and of the Master Finance Contract in cooperation with the Legal Directorate (JU).

Qualifications

• University degree (minimum an equivalent to a Bachelor), preferably in Finance/Economics/Accounting.
• At least 3 years of relevant professional experience including exposure to the lending process, exposure to financial spreading, rating models and credit assessment methodologies, as well as experience in analysing and/or implementing prudential regulatory requirements
• Good understanding of the EIB Group institutional objectives and policies
• Very good knowledge of EIB standard computer tools – including MS Excel and Powerpoint
• Excellent drafting skills; ability to translate analytical thinking into concise and structured write-ups
• Communicating with clarity and concision and with the proven ability to summarise and present information
• Excellent knowledge of English and/or French (*), with a good command of the other. Knowledge of other EU languages would be an advantage.

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: 8^th September 2023

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