(Senior) Risk Management Officer – Basel II and Credit Risk Measurement recruitment

The EIB, the European Union’s bank, is seeking to recruit for its Risk Management Directorate (RM) – Credit Risk and Policy Department (CRD) - Risk Policy and Pricing Division (RPP) - Capital Adequacy and Risk Reporting Unit (CARR) at its headquarters in Luxembourg, a :


(Senior) Risk Management Officer – Basel II and Credit Risk Measurement

The successful candidate will further develop the European Investment Bank’s (EIB’s) Basel II framework (credit risk measurement, capital adequacy reporting, stress testing, capital adequacy projections, and update of methods to ensure compliance with best practice and taking into account changes in the regulatory framework) and contribute to the Bank’s Risk Management policies overall. He/she will report to the Head of the Capital Adequacy and Risk Reporting Unit and will work in close collaboration with the Head of Risk Policy and Pricing Division and with other Divisions within Risk Management. He/she will also have regular contact with colleagues in other Directorates, as well as, occasionally, with internal/external auditors and external counterparts.

Accountabilities

• Continually assess the Bank’s Basel II framework, and propose and implement necessary updates:

• Compute and review the Bank’s capital adequacy figures, in detail and on a regular basis, and report on the evolution of the solvency ratio
• Perform regular and ad hoc stress tests, capital adequacy projections, concentration analyses, parameter calibration, etc.
• Contribute to the regular assessment of the Bank’s capital adequacy policy and the preparation of Internal Capital Adequacy Assessment Process (ICAAP) reports
• Provide ad hoc analyses and prepare written communications on specific Basel II/credit risk matters to senior management or external bodies
• Participate in the Bank’s efforts to ensure ongoing compliance with its framework of best banking practice in the area of risk management
• Liaise with external and internal auditors and other counterparts, as appropriate

Qualifications

• University degree in Economics or Finance with a solid quantitative background, or a degree in a quantitative subject (for example Maths, Physics, Statistics…) with some exposure to Finance. Post-graduate studies in one of these subjects would be an advantage
• Minimum 5 years’ relevant professional experience, ideally gained in a Basel II implementation, credit risk modelling or similar role
• Detailed knowledge of the Basel II regulatory framework and recent developments (e.g. Basel III, CEBS guidelines, BIS papers)
• Proven experience of risk measurement methodology and tools (measurement of capital requirements under Basel II Pillar 1 and Pillar 2, including hands-on experience of relevant IT applications)
• A solid IT background (database, SQL) and the ability to work with large data sets
• Proficient knowledge of MS Excel, VBA. Familiarity with Business Objects would be an advantage
• Excellent knowledge of English and good knowledge of French. Knowledge of other EU languages would be an advantage


Competencies

• Strong analytical skills and understanding of complex financial structures
• Ability to provide sound judgement on complex non-routine risk issues and provide clear recommendations
• Strong verbal and written communication skills
• Results orientated, with the ability to organise and work either in a team or autonomously
• Well-developed interpersonal skills and ease of contact at all levels

Deadline for applications: 23 February 2012

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