Emerging Market Loan Pricing and Product Development Officer

Job Posting Organization:
The European Investment Bank (EIB) is the bank of the European Union, established in 195

• It plays a crucial role in financing projects that contribute to the EU's policy objectives, including climate action, innovation, and infrastructure development. The EIB operates in over 160 countries worldwide, employing approximately 3,500 staff members. Its mission is to support sustainable investment in Europe and beyond, promoting economic growth and job creation while ensuring environmental sustainability. The EIB is committed to fostering a diverse and inclusive workplace, reflecting the communities it serves.

Job Overview:
The Emerging Market Loan Pricing and Product Development Officer position is situated within the Finance Directorate's Treasury Department at the EIB's headquarters in Luxembourg. This full-time role at grade 5 involves developing pricing models primarily using Python within the internal loan pricing application known as RaSA. The officer will provide ongoing support and guidance on quantitative development matters, including pricing models for new products, and will contribute to the pricing and rate quotation activities for both standard and non-standard lending and guarantee products. The position requires regular office presence and offers relocation support, emphasizing the EIB's commitment to creating a multicultural work environment. The officer will report directly to the Head of Division and will be involved in a sensitive role that adheres to a specific Code of Conduct.

Duties and Responsibilities:
The duties and responsibilities of the Emerging Market Loan Pricing and Product Development Officer include: developing and maintaining the pricing engine of the RaSA application, transitioning from MATLAB to Python; ensuring the implementation and integration of best practices; supporting the development and coding of pricing methodologies; managing databases and Business Object report developments; overseeing development documentation related to the pricing engine and databases; liaising with IT services to ensure proper integration of pricing engine developments; driving the conceptual design of pricing engine developments; performing indicative and firm quotations of lending rates for various lending products; and providing operational support to lending and restructuring directorates. The officer will also be responsible for ensuring that all developments and maintenance of the pricing engine are thoroughly documented and that the projects related to developments are well-coordinated and executed.

Required Qualifications:
Candidates must possess a university degree equivalent to a Bachelor’s degree in a quantitative domain such as Quantitative Development Applications, Quantitative Finance, Statistics, or Mathematics. Post-graduate studies in these fields and professional qualifications such as ACT qualifications, PRMIA, or GARP for Treasury Risk Management, or CQF for Quantitative Finance are advantageous. Additionally, candidates should have a minimum of 5 years of relevant professional experience, ideally in developing pricing methodologies or risk modeling for loans, fixed income securities, or interest rate derivatives, as well as experience in database management within Business Object universes. Proven expertise in quantitative software development in collaboration with IT departments, including specification drafting, release planning, and testing, is essential. Mastery of Python and Business Object Universe is required, along with knowledge of Bloomberg/Reuters and database queries.

Educational Background:
The educational background required for this position includes a university degree in a quantitative field, with a preference for candidates holding a Bachelor’s degree or higher in areas such as Quantitative Development Applications, Quantitative Finance, Statistics, or Mathematics. Advanced degrees or professional qualifications in these areas will be considered a significant advantage, enhancing the candidate's profile for this role.

Experience:
The position requires a minimum of 5 years of relevant professional experience. Ideal candidates will have a background in developing pricing methodologies or risk modeling specifically for loans, fixed income securities, or interest rate derivatives. Experience in managing databases within Business Object universes is also essential. Candidates should demonstrate proven experience and knowledge in quantitative software development, particularly in collaboration with IT departments, which includes drafting specifications, planning releases, and conducting testing.

Languages:
Proficiency in English is essential, and a good command of French is also required. Knowledge of other EU languages would be considered an advantage. Candidates must be able to demonstrate proficiency in both English and French, as these are the official working languages of the EIB. Proficiency is understood to mean achieving level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL).

Additional Notes:
This position is a full-time role with a permanent contract offered by the EIB. The anticipated timeline for panel interviews is February/March 202

• The role is classified as sensitive and is subject to a specific Code of Conduct. The EIB is committed to diversity, equity, and inclusion, encouraging all qualified candidates to apply regardless of gender identity, age, racial or ethnic background, religion, sexual orientation, disability, or neurodiversity. The bank also provides reasonable accommodations for applicants with disabilities or chronic conditions during the recruitment process. By applying for this position, candidates acknowledge the importance of maintaining the security" style="border-bottom: 1px dotted #007bff !important;">security and integrity of EIB Group information.