The EIB, the European Union's bank, is seeking to recruit for its Operations Directorate (Ops) - Mandate Management Department (MM) - Mandate Development Division (MD) – Mandate Systems and Regulations Unit (MSR), at its headquarters in Luxembourg, a:
(Senior) Quantitative Officer
This is a full-time position at grade 5/6
The term of this contract will be 3 years, linked to an EIB Mandate. As this is a temporary replacement assignment, no extension or conversion of the contract is foreseen*
Panel interviews are anticipated for early January
The remit of the Mandate Management Department (MM) includes the facilitation of consistency in mandate development and life -cycle management processes, for both new and existing mandates, and the provision of high value added to operational Departments, Senior Management and to other Directorates implicated by expected growth in mandate activity, notably via enhanced support with respect to governance issues. Initially, this also comprises the proposal and development of appropriate tools, methodologies, policies and procedures, covering the mandate lifecycle, thereby promoting a collaborative and constructive approach and developing synergies across mandates.
You will actively contribute to the development and set-up of long-term methodologies and state of the art models linked in particular to EIB's Mandate portfolio. You will consolidate and harmonise EIB's approach to Mandates in terms of both IT system maintenance and operational deployment. In the execution of his/her tasks, the (Senior) Quantitative Officer will cooperate closely with division pears and other colleagues from other services of the bank and will support the Mandate Management Department in all type of quantitative related issues including cost coverage.
You will report to the Head of Mandate System and Regulation Unit. You will be in close co-operation and shared responsibilities with the other members of the Unit and of the Department and in regular co-operation with other Ops staff as well as with SG, CS-IT, FI, FC, PJ, JU, RM, TMR and COM.
Develop a state of the art EIB Global Model for Mandates, tailored in particular to new product development needs such as the Dynamic Evaluation Framework, and/or specific risk questions and/or other quantitative issues, ensuring alignment with applicable Best Banking Practices;
Engage in longer-term systems design and development aimed at keeping the EIB at the forefront of market and regulatory developments in quantitative methodology and modelling;
Translate the conceptual modelling into technical paper;
Produce appropriate documentation for model methodology, design and practical use of the models;
Develop and maintain a system for Mandate screening and portfolio analysis specifically:
Help maintain and further develop the Mandate Inventory and the Knowledge Sharing Platform (Rights management; Content acquisition; Creation of new pages)
Mandates maintenance in other systems (e.g. Serapis)- i.e. new Mandates/Agreements creation and changes required for existing Mandates/Agreements and Operations (in close collaboration with OSD 2)
Reporting maintenance (gathering new reporting requirements for existing Mandates and overall Mandate Portfolio; working with MM5 and OSD/BPR for implementation)
Contribute to the development of a fully-fledged Cost Coverage Model for Mandates
Prepare relevant briefings for EIB senior management, in close coordination with other team members in concerned Directorates.
Participate in relevant working groups, e.g. MMSC; MM Prioritisation; PMT meetings, advise staff on various issues related to Mandates and ensure information flow and knowledge sharing.
Support the development and maintenance of business relationships with EU institutions, financial institutions, the World Bank, EU Member States and other relevant stakeholders, in close cooperation with SG and the Brussels office.
University degree, in Maths, Physics, IT, Statistics, with a strong exposure to finance, or a degree in Finance or Economics with a strong quantitative background.
Minimum 5 years of relevant professional experience in the area of financial quantitative modelling
Good knowledge and experience of EIB Group activities and policies, as well as relevant EU frameworks would be an advantage.
Good understanding of IT systems used in the EIB Group and IT development processes.
Expert knowledge of Excel, VBA, Matlab and/or other programming language such as C/C#/Java
Some experience in Innovative Modelling such as Neural Network or Artificial Intelligence would be considered an advantage.
Excellent knowledge of English and/or French*, with a good knowledge of the other.
Achievement Drive: Continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
Change Orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
Organisational Commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation's needs and intrinsic values, acting with integrity in ways that promote the organisation's mission, policies and rules
(*) 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 (*).
*linked to the Gaza Desalination Project/Mandate
Internal Number: 4834385
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