Job: Financial Engineer/ (Senior) Quantitative Analyst - 4Y CDD

Location: Luxembourg
Deadline: Thursday, 21 November 2013

Job ID:

100888

Entity:

European Investment Bank

Deadline:

Thursday 21st November 2013

The EIB, the European Investment Bank, is seeking for its Finance Directorate(FI) - Treasury Department (TRE) - Financial Engineering and Advisory ServicesDivision (FEAS/ IFSC) at its headquarters in Luxembourg, a:

Financial Engineer/ (Senior) Quantitative Analyst

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

Purpose

The FEAS division is supporting the lending activity of the bank by proving services on the pricing and hedging of loans and the development of new lending products. The successful candidate will be required to drive, in close co-operation with another quantitative analyst in the team, the on-going development of the Rate Setting application; develop and implement related financial models responding to business requirements or market best practices; be actively involved in the pricing of EIB's loan products and the financial development of new lending instruments (including product design, financial engineering and pricing).

Specific Post Environment

The post is qualified as 'sensitive' and submitted to a specific Code of Conduct. The work location is the dealing room, in an open space working environment.

Operating Network

The successful candidate will report to the Head of Division and work in close collaboration with another quantitative analyst and other Division members.

Internal contacts: Contacts with the IT Department for the maintenance of the Rate Setting system will occur on a regular basis. S/he will also interact with the Bank's Finance, Lending and Restructuring Directorates and, occasionally, with Risk Management, the Legal Directorate and Internal Audit.

External contacts: IT Consultants for the Rate Setting system development and maintenance, consultants providing audits and validations if the case may be, financial market counterparts for novel lending product development and provision of rate quotations for existing structured products.

Accountabilities

• Maintain and develop the pricing engine of the rate setting application
• Maintain, on an on-going basis, a proper documentation of the implemented financial models
• Propose improvements and implement processes, procedures and tools in the area of loan pricing to ensure procedural efficiency and consistency
• Manage IT projects, transforming business requirements into specifications, perform release planning and conduct testing of new software releases in cooperation with another quantitative analyst and the rest of the Division
• Provide guidance on quantitative questions, including pricing and risk management
• Advise on, propose and develop new financial pricing models, e.g. in Working Groups with other relevant services (Lending, Risk Management, Legal Directorate) and ensure their implementation within the Division
• If the case may be, author relevant documents for approval by the decision making bodies of the bank
• Gradually become operational in regular tasks concerning the pricing of EIB's loan products, including special transactions
• Explore and propose new initiatives for financial products and related policies to support the lending activity of the bank
• Keep abreast of latest market developments and (regulatory) practices in the domain of responsibility

Qualifications

• University degree in a quantitative domain such as Mathematics, Physics, Quantitative Finance or Statistics
• Post-graduate studies in these subjects and professional qualifications, such as ACT qualifications, PRMIA or GARP for (Treasury) Risk Management or CQF for Quantitative Finance would be an advantage
• At least 5 years of relevant professional experience in financial engineering or (risk) modelling with a focus on fixed income
• Knowledge of the regulatory framework and market best practices (derivatives, liquidity, transfer pricing) is considered a plus
• Proven experience in quantitative software development; sound knowledge of MATLAB and JAVA is considered a distinct advantage
• Sound knowledge of interest rate derivatives required; credit and foreign exchange considered a plus
• Excellent knowledge of written and spoken English or French and a good command of the other (*). Knowledge of another language of the European Union would be an asset

Competencies

• Ability to work both independently and in a team
• Ability to read and understand existing program code and to explore new financial models
• Strong analytical skills and precision (detail focus)
• Sense of responsibility, initiative and ability to organize and prioritize
• Strong communication skills (with ability to convey complex/technical information to both technical and non-technical audiences)
• Ability to draft clear and concise documents in English, both of technical and policy nature
• Ability to work under pressure and meet deadlines

(*) 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: 21^st 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