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 Finance Directorate (FI), Capital Markets Department (CAP), Financial Markets Documentation Division (FIMA) at its headquarters in Luxembourg, a (Senior) Financial Markets Documentation Officer*. This is a full-time position at grade 5/6 for which the EIB offers a permanent contract.

*Internal benchmark: (Senior) Officer

Panel interviews are anticipated for April/May 2024.

Purpose

You will drive the delivery of financial markets documentation and related processes required by the EIB in the capital markets domain, in line with overall EIB strategy and policies, with the aim to minimise operational risk, and improve the EIB’s position from a financial and reputational perspective, thus ensuring that FI contributes to the achievement of the EIB’s objectives.

Operating Network

As a (Senior) Financial Markets Documentation Officer, you will report to the Head of Division, and work in close collaboration with all members of the Division. In particular, you will be expected to provide functional (technical) coaching to junior members of the team. You will have permanent interactions with funding officers, and you will collaborate closely with other teams in FI and with other Directorates.

The Division supports the EIB’s funding and treasury activities. This position is aimed at candidates with experience in the capital markets documentation domain, and in particular, to support the following activities of the Division:

• Borrowings (short- and long-term): execution of bond documentation, update of existing borrowing programmes/standalone borrowing documentation/Commercial Paper Programme, and any related/ancillary activities.
• Corporate Actions: execution of documentation for all buy-back transactions and restructurings.
• Regulatory and Compliance: preparing and filing material information on the EIB with the U.S. Securities and Exchange Commission (SEC) and other market authorities.
• New Product Development and Complex/Bespoke Transactions/ Documentation/ Post-Settlement Actions: development of new borrowing programmes/standalone borrowing documentation, execution of new/amendment of existing portfolio management documentation and managing any other ad hoc post-settlement activities.

While the Division covers a wide range of activities (also including derivatives and repo documentation), you will be expected to initially contribute mainly to the more challenging documentation and regulatory activities in the capital markets domain.

Accountabilities

Strategy / Policy Development and Implementation: Develop strategy and policy processes for capital markets domain to ensure that funding officers can effectively execute transactions while at the same time minimising operational risk for the EIB.

• Provide as a true expert insights and strategic input with regard to the short, medium and long term while cooperating closely with the Head of Division, other departments in the EIB and external counterparties relevant for the domain.
• Deliver recommendations and propose new strategies to the Head of Division and internal working groups (where needed, based on work in external working groups in which the EIB participates) to develop robust capital markets documentation and related processes.
• Operational lead in evaluating changes in capital markets domain which affect the documentation and post-trade infrastructure and advise the Head of Division accordingly to support the EIB’s positioning, as well as deliver opinions on inquiries from internal and external counterparties on capital markets documentation matters.
• Review and edit from a regulatory perspective the EIB’s publications containing potentially material information on the EIB and advise the Head of Division in this regard.
• Ensure and/or conduct research on capital markets documentation matters as well as legal and regulatory matters of significance to the EIB’s interests to maximise knowledge in strategic matters and reduce operational risk in the Department.

Execution of Key Area Processes

• Act as a focal point for capital markets documentation and related matters, both to guide the Head of Division for critical decisions and meetings, and to ensure effective exchange of information in FI and with other departments of the EIB (and where relevant, with external counterparties); with independent action only when not in the realm of critical/strategic decisions.
• Prepare and, where appropriate, deliver briefing material and internal reports to the Head of Division.
• Manage the existing (and develop new) tactical and operational relationships in the financial community, peer MDB’s, other EU institutions, supranational organisations, financial counterparts and professional associations in order to enhance and/or develop a robust position for the EIB in terms of capital markets documentation and related processes.
• Coordinate the work activities of junior team members on a project basis and provide functional coaching and support to less experienced colleagues to increase their technical knowledge and to increase the efficiency and quality of the work activities carried out by the team.
• Deal with highly complex aspects of individual capital markets operational documentation matters to protect the EIB’s position, in particular from a financial and reputational perspective.
• Initiate new research based on historic data, major market developments or strategic choices made by the EIB.
• Actively contribute to and steer contribution of team to knowledge sharing within Division/Department and on cross Directorate basis.
• Execute with a complete degree of autonomy and initiative the most complex transactions, which require extensive planning, engineering and/or negotiation with several high-level stakeholders and expert knowhow of a broad range of financial products and solutions.

Special Projects / Working Groups

• Represent the EIB in external working groups and/or other high-level negotiations with external parties in line with the mandate given by the Head of Division or Director.

Qualifications

• University degree (minimum an equivalent to a Bachelor) preferably in Law. Other university degrees such as for instance Finance or Economics may also be considered together with demonstrated experience in documentation matters.

• Additional relevant professional qualification would be preferable, and in particular, a common law legal qualification (New York or England).
• Minimum 5 years of relevant experience in the field of capital markets documentation, preferably at least 3 years in a legal structuring team of a commercial bank.
• Experience with negotiating commercial paper programmes would be an advantage.
• Experience with regulatory matters (i.e. U.S. securities laws) relevant for EIB’s capital markets activities would be an advantage.
• Experience with the digitalisation efforts (e.g., blockchain, infrastructure digitalisation efforts) in the capital markets domain would be an advantage.
• Proficient knowledge of how financial markets function.
• Proficient knowledge of financial law and documentation (in relation to capital markets).
• Knowledge of the EIB’s standard office tools (particularly Word and Excel).
• Excellent knowledge of English and/or French (**) with a good command of the other. (Knowledge of other EU languages would be an advantage).

Competencies

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: 3^rd April 2024.

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