Officer - Liquidity Portfolio Management

The EIB, the European Union's bank, is seeking to recruit for its Finance Directorate (FI) - Treasury Department (TRE) - Liquidity Management Division (GEST.LIQ), at its headquarters in Luxembourg, a:

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 Bank's in-house money market fund (EUR 1 bn aum) as well as collaborating  on the liquidity management activities of the Treasury in line with current policies and procedures to ensure 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 Center and Coordination Divisions within the Finance Directorate.

External contacts: Commercial and Investment banking counterparts, Clearing Houses, fund administrators, 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  division colleagues, will be required.

Accountabilities

• Manage EIB money market fund compliant with CESR guidelines and ensure:
• Sound portfolio management
• Adherence to fund rules i.e. WAM/WAL
• Monitor NAV and fund administrator relationship
• Understanding of end to end process of daily liquidity fund
• Understanding of money market fund pricing


• Execute transactions for the liquidity portfolio of the bank to include the following markets:
• Money market and short-term securities
• Repo and collateral trades
• 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
• Issuance of EIB short-term debt
• Manage relationships with front and back office colleagues to enable the efficient throughput of liquidity management processes
• Build relationships with external counterparties
• Report to senior management on fund performance, regulatory changes, liquidity, counterparts, market events, risks and results achieved etc.

Qualifications

• University degree in finance, economics, business administration or quantitative methods
• Postgraduate or Professional Qualification CFA, FRM, CAIA (PM) preferred
• ACI Diploma (LM) preferred
• Minimum 3 years professional experience gained in a portfolio, collateral management or treasury environment (banking sector experience advantageous rather than public sector institution)
• 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
• Good knowledge of the mathematics of financial instruments
• 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 Finance Kit, Business Objects, 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

Deadline for applications: 11 August 2013

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