Quantitative Financial Risk 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. The EIB operates in over 160 countries worldwide, employing approximately 3,000 staff members. The bank's mission is to support sustainable investment in Europe and beyond, focusing on projects that promote innovation, infrastructure, and environmental sustainability. The EIB is committed to fostering a diverse and inclusive workplace, ensuring that all employees feel valued and respected.

Job Overview:
The Quantitative Financial Risk Officer position is a full-time role based at the EIB's headquarters in Luxembourg. The successful candidate will be responsible for designing, implementing, testing, documenting, and adjusting quantitative models relevant to the ALM and Market Risk Division. This role requires a strong understanding of financial risk policies and best practices in banking. The officer will provide financial engineering expertise and support to model users both within the division and across the bank. The position involves collaboration with various departments, including Risk Management, Finance, and Internal Audit, as well as external interactions with consultancy and software development firms. The role is integral to ensuring that the bank's financial risk models are robust and aligned with evolving business requirements.

Duties and Responsibilities:
The duties and responsibilities of the Quantitative Financial Risk Officer include leading the design and implementation of quantitative models in areas such as Interest Rate Risk in the Banking Book, Interest Rate Risk Strategy, Pension Risk Modelling, and Stress Testing. The officer will create specifications for software vendors, build prototype models, and perform in-house developments. Additionally, the officer will test and document model implementations, contribute to the consolidation of risk management models into a single financial risk platform, and respond to ad-hoc demands from unit and division heads. The role also involves providing financial engineering expertise and support to colleagues across the bank.

Required Qualifications:
Candidates must possess a university degree, preferably in a quantitative field, with post-graduate studies considered an advantage. A minimum of 5 years of relevant professional experience in ALM or Financial/Market Risk Management is required, including experience in quantitative and financial modelling roles. Hands-on experience in designing and implementing financial or risk models is essential, as well as proficiency in at least one object-oriented programming language such as C#, C++, or Python. Excellent knowledge of English and/or French is mandatory, with a good command of the other language being advantageous.

Educational Background:
The educational background required for this position includes a university degree equivalent to a Bachelor's degree in a quantitative field. Candidates with post-graduate studies in relevant subjects will have an advantage. The emphasis is on candidates who have a strong foundation in quantitative analysis and financial modelling.

Experience:
The position requires a minimum of 5 years of relevant professional experience in ALM or Financial/Market Risk Management. Candidates should have a proven track record in quantitative and financial modelling roles, demonstrating hands-on experience in designing and implementing financial or risk models. This experience should include familiarity with yield curve modelling, risk calculations, and capital allocation models.

Languages:
Proficiency in English and/or French is mandatory for this position, with a good command of the other language being beneficial. Knowledge of additional EU languages would be considered an advantage. Proficiency is defined as 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 offers a permanent contract at grade 5 within the EIB. The bank provides relocation support for candidates moving to Luxembourg. Panel interviews for this position are anticipated to take place in June 202

• The EIB values diversity and encourages all qualified candidates to apply, regardless of their background. Reasonable accommodations will be provided during the recruitment process for candidates with disabilities or chronic health conditions.