Financial Risk Analyst

  • Competitive
  • Luxembourg Luxembourg Luxembourg LU
  • Intérim, Plein-temps
  • European Investment Bank.
  • 21 juin 18 2018-06-21

You will contribute to the monitoring of the financial risks for the Investment Facility (IF), a mandate from EC to EIB to finance investments in ACP countries. You should elaborate and implement policies in the specific domain of financial risk, monitor, handle and report relevant risk exposures to minimize financial risks for the IF.

 

The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate (RM) - Financial Risk Department (FIN) - ALM and Market Risk Division (ALM) - Market Risk Unit (MRU) at its headquarters in Luxembourg, a:

Financial Risk Analyst

This is a full time position in grade 4/5

The term of this contract will be 3 years

Linked to the Cotonou Investment Facility


Purpose

You will contribute to the monitoring of the financial risks for the Investment Facility (IF), a mandate from EC to EIB to finance investments in ACP countries. You should elaborate and implement policies in the specific domain of financial risk, monitor, handle and report relevant risk exposures to minimize financial risks for the IF.

Operating Network

As the Financial Risk Analyst, internally referred to as (Associate) Officer Financial Risk Monitoring, you will report to the Head of Unit. You will be working closely with the services involved in financial risk and control matters, especially with the Directorate for Lending Operations outside the EU, the Finance Directorate and the Financial Control Directorate.  You will also interact, where appropriate, with external counterparts and both Internal and External Auditors.

Accountabilities

Within the role of the Financial Risk Analyst, you will:

  • Contribute to the regular monitoring and reporting of IF’s foreign exchange exposure vis-a-vis defined limits as part of the hedging process
  • Contribute to the systematic assessment of the effectiveness of the local currency hedging
  • Ensure periodic measurement, monitoring and reporting of IF financial risks, including but not limited to the semi-annual reporting of IF’s profitability, financial risks and self-sustainability for the Cotonou Risk Report.
  • Elaborate simulation models for IF activity projection and stress testing, in order to assess self-sustainability
  • Deal with any issue concerning new IF operations entailing financial risk, proposing among others adequate hedging.
  • Contribute to the preparation of IF’s Financial Statements, by providing the necessary input related to the financial risk management disclosures and the fair valuation of loans
  • Contribute to the elaboration and regular update of the dedicated IF’s Financial Risk Policy Guidelines document and Financial Risk Procedures manual.
  • Contribute to configuring IF data within RM IT systems.

 Qualifications

  • University degree, preferably in Economics, Finance, Mathematics or another quantitative subject. Post-graduate studies and/or professional certification would be an asset.
  • At least 3 years of relevant professional experience in Finance (Risk Management, ALM, Lending monitoring or Policy making functions). In particular, sound experience in FX risk management is required.
  • Track record in the formulation, development and implementation of risk management strategies and their related operational processes (Front & Back Office, Accounting, IT etc.)
  • Sound knowledge of accounting principles (IFRS/IAS)
  • Deep understanding of best banking principles/regulation relating to the management of financial risks
  • Proficient knowledge and experience in using Excel, model developments, basic automatisation or programming skills
  • Excellent knowledge of English and/or French(*) and a good command of the other language.  Knowledge of other European Union languages would be an advantage.

Competencies

  • Achievement Drive: continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
  • Change Orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
  • Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
  • Organisational Commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation’s needs and intrinsic values, acting  with integrity in ways that promote the organisation’s mission, policies and rules.

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in French. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of French and accept that their future career in the EIB may be subject to the attainment of sufficient proficiency in both of the Bank's working languages

We believe that Diversity is good for our people and our business. We promote and value diversity and inclusion among our staff and candidates; irrespective of their gender, age, nationality, race, culture, education and experience, religious beliefs, sexual orientation or disability