(Junior) Officer
(Junior) Officer - Liquidity Portfolio Management
Appointment will be made on the basis of a fixed term contract of 4 years.
Purpose
The successful candidate will manage the implementation of the Bank's liquidity management activities in line with current policies and procedures thus ensuring the availability of sufficient liquidity at all times.
Operating network
Internal contacts: Constant contact with Back-office Treasury Division within the Finance Directorate and frequent collaboration with the Risk Management, Legal, Operations and Finance Control Directorates, as well as with the Capital Markets, Financial Support Centre and Coordination Divisions within the Finance Directorate.
External contacts: Commercial and Investment banking counterparts, Clearing Houses, peer institutions.
Specific Post Environment
The post is qualified as "sensitive" and submitted to a specific Code of Conduct. The work location is the dealing room, in an open space working environment. On call coverage of 2 people for all weekends and EIB holidays, in rotation with the 5 Division colleagues, will be required.
Accountabilities
- Execute transactions for the liquidity portfolio of the Bank to include the following markets:
- o Repo and collateral trades
- o Money market and short-term securities
- o Foreign exchange (spot and forward)
- Search for the market opportunities that present the best risk/return profile in the context of the Bank's liquidity strategy and its risk guidelines
- Manage relationships with front and back office colleagues to enable the efficient throughput of liquidity management processes
- Execute secured external operations both OTC CCP's
- Undertake funding operations with central banks
- Collaborate to optimise collateral operations across the Bank
- Contribute to the on-going definition of the Bank's eligible collateral pool and its mobilisation
- Work with IT to develop and improve applications
- Report to senior management on liquidity, counterparts, market events, risks and results achieved, available collateral etc.
Qualifications
- University degree in finance, economics, business administration or quantitative methods. Postgraduate or Professional Qualification CFA and/or ACI Diploma (LM) would be preferred
- Minimum 3 years professional experience gained in acollateral management or treasury environment (banking sector experience advantageous) involving repo trading.
- Excellent knowledge of the functioning of financial markets in particular money, collateral and foreign exchange.
- Good knowledge of key principles used for valuing financial instruments and of the mathematics of financial instruments
- Knowledge of central bank funding operations
- Good understanding of the mission of the EIB and its governance along with the political and operating framework in which the Bank operates
- Advanced knowledge in the use of Excel programming
- Knowledge of IT tools such as , Reuters and Bloomberg
- Fluent in English and/or French (*) with a solid understanding of the other
Competencies
- Analysis and problem solving
- Ability to assimilate information and assess situations rapidly
- Oral and written communication (in particular the ability to formulate concise recommendations)
- Excellent team-working skills within a high pressure dealing room environment
- Developed inter-personal skills and cross-cultural awareness
- Willingness and ability to share ideas and information
- Flexibility and adaptability
- Self-reliance
- Effective organisational skills
- Results focus
- Integrity, reliability and commitment
(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in one of the two languages. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of the relevant language 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.
For more details and to apply, please go to https://erecruitment.eib.org selecting Job ID 100714
Deadline for applications: 3rd October 2013
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
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