This position is based at our Luxembourg headquarters and requires regular office presence. The EIB offers you the opportunity to live and work in a truly international and multi-cultural environment. We also offer relocation support.
The EIB, the European Union’s bank, is seeking to recruit for its Group Risk & Compliance Directorate (GR&C), Credit & Climate Risk Department (CCRD), Corporates Division (CORP), Infrastructure & Energy/Utilities Unit (IEU), at its headquarters in Luxembourg, a (Senior) Credit Risk Officer for Corporates*. This is a full-time position at grade 5/6 for which the EIB offers a permanent contract.
*internal benchmark: (Senior) Officer Credit Risk Management
Panel interviews are anticipated for mid-March 2024.
You will evaluate and monitor the credit risk associated with EIB loan and guarantee transactions, for new and existing, standard and structured/leveraged/subordinated, deals with Corporate counterparts, in accordance with the Bank’s Credit Risk Guidelines (CRG) and GR&C procedures.
Reporting to the Head of Unit and Head of Division, you will work in close cooperation with colleagues both in GR&C and in other Directorates/Departments of the Bank.
- Assess credit risk, formulate independent opinions and recommendations on new lending proposals, validate counterpart ratings and credit limits, and determine loan grading and risk pricing of these transactions
- Review and validate credit reviews on the existing loan portfolio, as performed by the portfolio monitoring team (internally known as PMM – Portfolio Management and Monitoring)
- Extensively collaborate with EIB colleagues involved in individual loan transactions, providing advice and solutions to structure and mitigate credit risks in leveraged/structured/subordinated transactions
- Review legal documentation from a credit risk standpoint
- Propose security/collateral requirements for new transactions and opine on any credit risk related contractual amendments pertaining to her/his allocated portfolio
- Ensure compliance with limits for counterparts, sectors and specific types of transactions
- Closely follow/anticipate market developments/trends in the sectors pertaining to her/his responsibility and proactively work through her/his portfolio
- Deal with credit risk related enquiries from within the Bank and provide solutions
- Provide guidance to more junior staff in the execution of credit risk processes
- Contribute to improving procedures, support and control systems, IT systems, methodologies and working tools
- Proactively advise and present recommendations on complex credit risk issues and related policy initiatives for credit risk management, aligning the EIB with best banking practices
- Ensure good cooperation with internal colleagues and clients
- Maintain awareness of the latest developments in risk management methodologies and share learning and innovation on the same within GR&C and the Bank.
- University degree (minimum an equivalent to a Bachelor), preferably at Masters level, ideally in Finance/Business or any related subject. Recognized financial qualifications, such as the CFA, would be an advantage
- Minimum of 5 years of relevant professional experience ideally gained in an international Corporate/Investment Bank/Fund and/or within a rating agency and with a strong expertise in financial analysis/modelling.
- Exposure to corporates in a variety of sectors (industrials, energy, infrastructure and/or utility sectors) and of various sizes would be an advantage
- Relevant exposure to structured transactions including high-yield/sub-investment grade debt and/or subordinated/junior debt financing, and asset-backed operations, would be an asset.
- Experience of Mid-Caps credit risk assessment is preferred.
- Experience of Rating Agencies’ rating criteria and methodologies would be an asset
- Knowledge of risk-pricing techniques, as well as corporate internal rating and recovery models would be an advantage
- Proficiency in reviewing and commenting on loan documentation (including complex legal structures)
- Proven track record in credit risk policy development
- Excellent knowledge of English and/or French (*) with a good command of the other.
Find out more about EIB core competencies here
(*)Unless stated explicitly as a required qualification, a good command of French is not a pre-requisite for hire. As both English and French are however official working languages of the EIB, proficiency in both languages is a pre-requisite for your future career development. Any language clause in your contract must be fulfilled in order for you to be eligible for a promotion (either via the annual appraisal cycle or via an internal selection process). Proficiency is understood to mean the attainment of level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL). The Bank offers appropriate training support.
We are an equal opportunities employer, who believes that diversity is good for our people and our business. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation/identity, disability or neurodiversity.
Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIB Recruitment team Jobs@eib.org who will ensure that your request is handled.
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: 13th February 2024