Wednesday, March 30, 2016

Liquidity Risk Manager

The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate (RM) - Risk Management Directorate (RM) - Financial Risk Department (FRD) - ALM and Financial Risk Division (ALM) – Liquidity Risk Unit (LIQ) at its headquarters in Luxembourg, a :
Liquidity Risk Manager
This is a full time position
The term of this contract will be 4 years
The EIB offers fixed-term contracts of up to a maximum of 6 years, according to business needs, with a possibility to convert to a permanent contract, subject to organisational requirements and individual performance.
To contribute to the optimisation of the ALM, liquidity, funding and lending functions of the Bank, through the elaboration and implementation of policies in a specific domain of financial risk (e.g. ALM, interest rate risk, foreign exchange risk, liquidity risk, transfer pricing), as well as through the monitoring, management and reporting of related risk exposures in order to minimise risk and achieve set return targets for the Bank in the framework of the EIB's objectives.
Operating Network
The (Senior) Financial Risk Management Officer reports to the Head of Division and/or Head of Unit. S/he works closely with the Departments involved in financial and control matters, especially SCC, FI, OPS and FC. S/he also interacts with peer institutions, consultancy and audit firms, supervisors and regulators, for risk management matters.
  • Manage and/or supervise Liquidity Risk by reporting, preparing the internal and external liquidity risk indicators and stress test reports
  • Configure and/or supervise the configuration of the activities of the Bank in its risk management tools (eg IBM Algorithmics), in order to facilitate the production of the risk reports of the division
  • Contribute to the data control process of the division in order to ensure the production of the risk reports on the basis of clean and up -to-date and reliable data
  • Maintain and update the Financial Risk and ALM Policy Guidelines and related procedures and methodologies
  • Control compliance with approved procedures and policies
  • Advise and formulate independent opinions on operations/proposals embedding financial risks
  • Contribute to the implementation of the latest Best Banking Practice evolutions on relevant subjects by following up on the technical implementation of the required practices
  • Ensure back -up of tasks in the other areas of activity of the Unit
  • Contribute to the official financial reporting of the Bank, in particular for what concerns IFRS requirements
  • Deal with enquiries from other Directorates regarding ALM/liquidity risk issues
  • Proactively assist the Head of Division/Head of Unit in the relevant activities of the Division and provide guidance to more junior staff in the conception/execution of risk processes and the utilisation of risk applications
  • University degree in a quantitative subject (eg Maths, Physics, Statistics) with some exposure to finance, or in Finance/Economics, with a solid quantitative background
  • Post-graduate studies in the above areas and/or a relevant professional qualification, such as the PRMIA or GARP certificate, would be an advantage
  • Minimum 5 years' professional experience in ALM, Risk Management, Capital Markets, and/or Treasury
  • In-depth knowledge of ALM, market and liquidity risk management techniques (theory, principles and practices)
  • Good knowledge of Liquidity Risk Regulatory framework foreseen in BCBS papers and CRDIV/CRR framework including the related EBA technical standards (LCR, NSFR, liquidity monitoring tools, intraday framework & ILAAP)
  • Good knowledge of quantitative and financial modelling tools (e.g. yield curve modelling, VaR methodology, BpV calculation, transfer pricing systems, capital allocation models)
  • In depth knowledge of internally -used IT systems like WSS, Business Object reporting tool and IBM Algorithmics software. Ability to intervene and resolve IT process -related issues would be an advantage
  • Excellent knowledge of English or French and a good command of the other (*). Knowledge of other European Union languages would be an advantage

  • Analysis and problem solving skills
  • Sound judgement
  • Capacity for teamwork and knowledge sharing
  • Developed inter -personal skills and cultural awareness
  • Reliability
  • Organising and prioritising skills
  • Precision and attention to detail
  • Results focus
  • Ability to anticipate issues
  • Stress tolerance
(*) 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
For more information and how to apply please visit, selecting
Job ID 102953
Deadline for applications: 6th April 2016
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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