Job: Credit Risk Officer - Corporates

Location: Luxembourg
Deadline: Sunday, 24 November 2013

Job ID:

100900

Entity:

European Investment Bank

Deadline: 

Sunday 24th November 2013

 

The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate (RM) - Credit Risk and Policy Department (CRD) - Corporates Division (CORP) at its headquarters inLuxembourg, a:

Credit Risk Officer - Corporates

Appointment will be made on the basis of a 4 year fixed term contract

This is a preliminary campaign in order to create a reserve list for an anticipated future vacancy. Applicants will undergo an initial screening and short-listed candidates will then be held in reserve for up to one year, during which time they may be called for interview and selected for a specific vacant post

Purpose

Provide independent credit opinions on proposed new operations and on post signature event remedy proposals received from the Front Office Lending (Ops) Directorate/Transaction Management and Restructuring (TMR) Directorate, respectively; review and sign off legal documentation; and monitor the credit quality of a highly diversified portfolio of Corporate loans and counterparts , in accordance with the Bank's Credit Risk Policy Guidelines (CRPG) and RM/CRD procedures, in order to assess and quantify credit risk.

Contribute to the development and implementation of the Bank's Credit Risk Policy Guidelines, the Internal Rating Methodology and RM/CRD procedures to ensure that the risks assumed by the Bank are in line with approved policies.

Operating Network

S/he reports to the Head of Division and works in close cooperation with colleagues both in RM and in other

Directorates/Departments of the Bank, in particular with the Front Office Lending,Transaction Management and Restructuring, Legal and Projects Directorates.

S/he also maintains contacts with Rating Agencies, and other relevant external information sources.

Accountabilities

This post is for a Credit Risk Officer capable of working on several operations in parallel, including more complex operations.

• Independently evaluate and monitor the credit risk associated with loans and guarantees in standard and structured operations, in line with guidelines and procedures for the department. This includes:

• Assess credit risk, formulate opinions on new lending operations, validate counterpart ratings and credit limits, and determine loan gradings and risk pricing
• Review legal documentation from a credit risk standpoint
• Coordinate with other operational departments in structuring and mitigating credit risk
• Propose security/collateral requirements for new operations/transactions and coordinate any credit risk related contractual amendments for own allocated portfolio
• Review and validate credit reviews performed by TMR and compile and maintain reports on counterparts/transactions requiring special attention
• Maintain compliance with limits for counterparts, sectors and specific types of transactions

• Check the quality and correctness of credit risk related information/data in put into various IT systems
• Deal with credit risk related enquiries from within the Bank and provide solutions
• Provide guidance to more junior staff and/or administrative assistants in the execution of credit risk processes
• Develop and improve procedures, support and control systems, IT systems, methodologies and working tools
• Provide advice and recommendations, proactively, on complex credit risk issues and related policies for credit risk management, in order to align the EIB with best practice

Qualifications

• University degree, preferably in Finance or a business related field. Post graduate education in a related field would be an advantage
• A recognised financial qualification, such as the CFA, would be an asset
• At least 5 years of relevant professional experience in corporate credit risk assessment and/or lending in the financial sector
• Very good knowledge and extensive experience of counterpart credit risk assessment methodologies
• In- depth experience of rating agency criteria
• Knowledge of risk- pricing techniques would be an advantage
• Proficiency in reviewing and commenting on complex legal structures
• Proven track record in credit risk policy development
• In depth understanding of the EIB policy objectives and lending processes, as well as the political framework in which the Bank operates
• Very good knowledge of the EIB standard office tools, as well as the specific IT applications supporting operations
• Excellent knowledge of English and/or French with a good command of the other. Knowledge of other EU languages (in particular Spanish, German or Italian) would be an advantage

Competencies

• Excellent analytical skills and capacity to quickly provide sound judgement on a variety of complex non- routine credi t issues and provide clear recommendations
• Decision making ability and creative problem solving skills
• Strong interpersonal skills and confirmed negotiation skills
• Effective and concise written and oral communication skills
• Ability to work in a group and under pressure
• Demonstrated self- reliance and initiative
• Reliability and flexibility
• Strong organising and prioritising skills

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in one of the two languages. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of the relevant language 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

Deadline for applications: 24^th November 2013

We believe that Diversity is good for our people and our business. We promote and value diversity and inclusion among our staff and candidates; irrespective of their gender, age, nationality, race, culture, education and experience, religious beliefs, sexual orientation or disability

More Info and Application