Description

The EIB , the European Union's bank, is seeking to recruit for its Group Risk & Compliance Directorate (GR&C) Regulation and EIB Group Risk Department (GREG ), at its headquarters in Luxembourg , a Head of EIB Group Internal Modelling (IM) Division.

This is a full-time position at grade 7.

Purpose

The Internal Modelling Division is responsible for the design, development, implementation, maintenance, monitoring and oversight of the Bank’s (or Group’s, as applicable) rating systems, and for ensuring full compliance, in this domain, with the CRR, CRD, BRRD regulatory framework, IFRS9 standards as well as various Basel Committee and European Banking Authority guidelines, technical standards and recommendations.

This comprises the rating / PD models, LGD models, EAD / CCF models, both TtC, DT and PiT, used in regulatory and economic capital calculations, and for risk pricing, macroeconomic stress testing and IFRS9 impairment calculations, including maintenance of the Credit Risk Control Function’s (CRCF) model governance framework.

As Head of Division, you will lead, motivate and manage the staff of the Internal Modelling Division, to ensure the appropriate development, maintenance and application of quantitative risk models and solutions in the domain of credit risk in order to safeguard the risk profile of the EIB.

Operating Network

Reporting to the Director of the GREG Department, you will cooperate closely with colleagues and model owners in GR&C and with counterparts in other Directorates / Departments of the EIB Group, in particular with Front Office lending, Transaction Management & Restructuring, Financial Control, the Economics Department, and IT, as well as with the European Investment Fund (EIF).

Externally, you will interact with peer institutions as well as consultancy and audit firms on credit risk parameter models matters, and you may also be in contact with IT software vendors and data providers.

You will supervise directly two Heads of Unit.

Team Management

Operational Management

Contribute to the development and maintenance of an overall risk strategy

g. model inventory, critical report inventory)

Qualifications

Further higher level studies / qualifications (such as a PhD) in a relevant subject would be an advantage

establishing objectives; assessing performance; delegating and supervising tasks; guiding, motivating, mentoring and providing feedback)

Competencies

Find out more about EIB Group core and managerial competencies

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( ).

By applying for this position, you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group.

In case of selection for the position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorised disclosure of any information or any damage to the EIB Group reputation.

Deadline for applications : 20th October 2021. Candidates will receive an initial feedback end October / early November.

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.

We particularly welcome applications from women and persons with disabilities.