The EIB, the European Union’s bank, is seeking to recruit for its Finance Directorate (FI), Treasury Department (TRES), Liquidity Management Division (LM) at its headquarters in Luxembourg, a Head of Liquidity Management Division *.

*internal benchmark: Division Head Liquidity/Portfolio Management

This is a full time position at grade 7 for which the EIB offers a permanent contract.

Assessment Centres for selected applicants would take place by the end of October.

We are one of the largest providers of climate finance with a strong passion for helping shape a better future for the EU and beyond. The EIB is committed to making a difference by investing billions of euros into things that matter.

The Treasury Team is at the centre of the Bank and our Head of Liquidity Management plays a vital role in safeguarding our financial well-being. We need a strong leader who will contribute to EIB`s ambitious objectives.

Join us as Head of Liquidity Management where you can contribute to our mission to improve the future for Europe and its people’s lives.

Purpose

You will lead, coordinate and supervise the work of the Division to ensure the management of the Bank’s liquidity activities and exposures are conducted efficiently and effectively.

You will ensure that implementation of liquidity policies are in line with relevant guidelines and best banking practice.

Specific Post Environment

The post is located in the in the dealing room of the Treasury, a very dynamic environment, where split-second decisions can have significant consequences. You must be able to resist pressure coming from financial markets, impacting the Bank’s positions, and thus exposing the team to a high level of internal and external scrutiny.

Operating Network

• External: Represent EIB on Liquidity Management related issues, maintain and develop relationships with other EU institutions, supranational organisations, financial counterparts and professional associations (e.g. FOREX, ISMA) in order to build co-operation between different EU and/or international organisations, stay abreast of best practice.
• Internal: Represent Portfolio/Liquidity management towards other departments in Finance, Risk Management, Operations, Legal and other Directorates in order to ensure appropriate internal co-operation and control is maintained.

Accountabilities

• Strategy / policy development : develop a strategy and policy for the the Liquidity Management function (incl. money market portfolio) in order to achieve the short to long-term objectives of the Treasury and Capital Markets Department.
• Strategy and policy implementation: establish (in cooperation with Department Head) and manage resources and means to implement strategy and policies set by the relevant internal committees (incl. ALCO)
• People management in division:
  • ensure that staff members within the division have the right competencies, objectives and motivation in order to realise the formulated strategy and policies and provide leadership and guidance on complex issues to Division staff members, ensuring that issues are addressed, and decisions are taken in a timely manner. Drive a culture for continuous learning and knowledge sharing.
  • recruit, develop, motivate and retain highly qualified staff in a complex and fast paced environment while maintaining a focus on diversity and excellence
• Execution of the key area processes: supervise and (if required) intervene in execution of key area processes whenever necessary in order to efficiently manage liquidity within agreed risk/ and ensure a consistent application of policies.
• Specialist advice : provide specific advice and recommendations for the Liquidity Management function in order to align EIB with best practice.

Qualifications

• University degree (minimum an equivalent to a Bachelor) preferably in Finance, Economics or related field
• 10 years professional experience gained in a liquidity and/or portfolio management environment (public sector experience advantageous)
• Proven experience in managing and coaching people, ideally in multicultural environments or international organizations (e.g., determining team resources and skills; establishing objectives; assessing performance; delegating and supervising tasks; guiding, motivating, coaching and providing feedback)
• Excellent knowledge of financial markets products, liquidity management tools/techniques and related regulatory matters
• Proven track record in the development of strategy and management
• Ability to work in fast-paced environment with proven ability to handle multiple outputs at one time
• Some knowledge and understanding of the EIB and EIB Group’s mission and activities, objectives, strategies, policies and processes would be an advantage
• 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 and managerial 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: 29^th September 2023.

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