Graduate - Stress Testing
, the European Union's bank, in the framework of its GRAD programme , is seeking to recruit for its Risk Management Directorate (RM) - Regulation and EIB Group Risk Department (REG) - Capital Management Division (CM) - Capital Requirements Unit (CRU)
at its headquarters in Luxembourg, a Graduate - Stress Testing.
This is a full time position. The term of this contract will be 2 years with the possibility of renewal, up to a maximum of 4 years, subject to business needs.
Panel interviews are anticipated for mid to end October 2020 Purpose
Assist in specific aspects of stress testing activities in order to keep the Bank at the forefront of market and regulatory developments in stress testing and comply with the internal stress testing requirements Operating network
Reporting to the Head of the Capital Requirements Unit, you will work under the supervision of more senior colleagues in the team and will cooperate closely with colleagues both within Risk Management and in other Directorates/Departments of the Bank, in particular the front office, transaction management and restructuring, Finance, IT, the Economics Department, and with the European Investment Fund. Accountabilities
- Support the coordination of the Bank and Group-wide stress test exercises as defined in the Annual Group Stress Testing Programme and any ad-hoc stress test requests (eg: Covid-19 Stress test exercise)
- Contribute to enhance the Group Stress Testing Framework to comply with Best Banking Practices and EBA requirements for its 2022 EU-wide stress test (ie: implementation of a dynamic balance sheet)
- Support the development and update of the methodologies pertaining to EIB Group stress testing (egg probabilities of default, loss given default, impact on Net Interest Income)
- Execute and propose improvements of the data extraction process to deliver stress test information for the Bank and the Group stress test exercises
- Assist the team in preparing the necessary information and presentations for the Stress Test Steering Committee, Management Committee or Risk Policy Committee regarding stress testing activities
- Propose updates of the policies and procedures that define the activities of the unit regarding stress testing to ensure adherence with overarching internal standards, best banking practices and regulatory requirements (BBP and EBA)
- Regularly perform stress test reviews (i.e. challenge existing model assumptions, standards, frameworks and methodologies, and propose changes for improvement)
- Support the management team in their coordination of the Division's work plan, from managing relations with the other lines of defence (e.g. validation and audit) to contributing to close any audit points or validation recommendations regarding stress testing
- Regularly interface with various internal stakeholders to develop relationships and raise awareness of the Division's stress testing activities, thereby facilitating the execution of the work plan
- University degree, preferably with a quantitative focus (Mathematics, Statistics, Economics, Finance, Physics, Engineering etc)
- Experience working with large data sets, with a solid IT background. Knowledge of SQL would be an asset
- Knowledge of bank stress testing or an understanding of best practices in bank risk management would be an advantage
- Familiarity with a variety of mathematical/statistical software (e.g. Python, R, SAS, VBA) as related to credit risk modelling
- Sound knowledge of the MS Office pack (Word, Excel and PPT)
- Excellent English with as good command of French (*)
Find out more about EIB core competencies here
(*) 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 are an equal opportunity employer, who believes that diversity is good for our people and our business. As such, we promote the inclusion of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability (*).
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 unauthorized disclosure of any information or any damage to the EIB Group reputation.
Deadline for applications: 30th September 2020.
(*). We particularly welcome applications from women and persons with disabilities.