(Senior) Quantitative Officer (Entity: EIB – Job ID: 105386)

By European Investment Bank

Job ID: 105386
Entity: European Investment Bank
Deadline: Wednesday 31st October 2018

EIB Posting

The EIB, the European Union’s bank, is seeking to recruit for its Directorate for Lending Operations (Ops) – Operations Support Department (OSD) – Business Development and Support Division, 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 4 years

Panel interviews are anticipated for beginning of December

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.

Purpose

As (Senior) Quantitative Officer you will proactively contribute to the improvement of the Bank’s (portfolio) pricing methodologies, perform statistical and quantitative analysis and provide advisory support on key policy and operational issues in the Bank’s lending Directorate (Ops) with related reporting to senior management.

You will contribute to the development and set-up of new portfolio models as well as maintenance of existing ones, in close cooperation with other departments in the Bank, including Risk Management and IT. You will take active part in structuring new portfolio products and contribute to front-line discussions with other internal and external stakeholders of the models.

You will also contribute to the technical and quantitative aspects of wider policy and business support tasks of the Division, including in relation to pricing, capital consumption, product development, markets and regulatory developments with related periodic reporting on business activity.

Operating Network

The successful candidate will report to the Head of Division and closely cooperate with other members of the Division, Department and Ops, including in relevant inter-services working groups and ad-hoc task forces. You will have regular contact with colleagues in other Directorates, mainly Risk Management, IT and the Finance and Financial Control directorates.

Accountabilities

  • Maintain, calibrate and further improve existing portfolio models, including developing of appropriate documentation for model methodology and design;
  • Develop new and more efficient portfolio models, tailored to front-line product development needs;
  • Perform periodic portfolio calculations,
  • Participate in the product design phase, contributing quantitative and structuring advice to front-line officers;
  • Develop pricing models/methodology and policies/procedures, including for new lending products;
  • Prepare periodic statistical analysis and reporting for senior management on lending, pricing, capital consumption, credit and other key policy or operational issues;
  • Actively contribute to development of internal IT applications, including drafting of user specifications, and proper functioning of existing tools;
  • Represent the Bank’s lending Directorate in internal discussions with other Directorates, in particular the EIB Risk Management and Finance Directorate.

Qualifications

  • University degree in Mathematics, Physics, Statistics, with a strong exposure to quantitative methods and exposure to finance, or a degree in finance or economics with very strong quantitative background.
  • Postgraduate studies in a quantitative field (MSc, PhD) would be considered an advantage.
  • Minimum 5 years of relevant professional front line experience, in the area of portfolio structured credit derivatives / CDO modelling. Strong knowledge of portfolio modelling techniques (e.g. copula functions) and a proven track record in their implementation is required.
  • Understanding of economic and regulatory capital pricing models.
  • Expert knowledge of Excel, VBA and Matlab is required. C++/Java would be an advantage.
  • Good knowledge of English and French is required*. Knowledge of other EU languages would be advantageous.

Specific skills

  • Very strong quantitative analytical and problem solving skills
  • Meticulous on detail
  • Very good written and oral communication with the ability to draft simply and clearly, capacity to liaise effectively with non-technical stakeholders
  • Work results oriented, both independently and within a team
  • Well-developed interpersonal skills and ease of contact

Competencies

  • 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 (*).

Deadline for applications: 31st October 2018

(*). We particularly welcome applications from women and persons with disabilities.

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