Credit Risk Officer Public Sector/Financial Institutions
This is a full-time position at grade 4/5
The term of this contract will be 4 years
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.
Provide credit opinions on proposed new operations and changes of existing operations, in accordance with the bank's Credit Risk Guidelines (CRG) and with the aim of maintaining the credit quality of a highly diversified portfolio of transactions. CRO will also propose and participate in discussions on changes to the CRG, contribute to the ongoing development of internal rating methodologies and departmental procedures. The work is varied, covering a broad range of transaction types in diverse geographical locations.
S/he will report to the Head of Unit, and work in close cooperation with the other Division members. Extensive contacts with colleagues in Risk Management, Front Office Lending, Transaction Monitoring, Legal Department as well as, occasionally, with external counterparts. S/he also maintains contacts with Rating Agencies, and other relevant external information sources.
- 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 credit proposals, review and validate counterpart ratings and credit limits, and determine 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
- Closely follow and report on counterparts/transactions requiring special attention
- Check the quality and correctness of credit risk related data input into various IT systems
- Deal with credit risk related enquiries from within the Bank and provide solutions
- Contribute to the development and improvement of 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, aligning the EIB with best practice
- Periodically, take lead or participate in horizontal tasks
- University degree, preferably in finance, business administration or law
- Post-graduate education would be an advantage
- Minimum 3 years' relevant professional experience in credit risk assessment of and/or lending to the public sector and/or banks
- Proficiency in analysing the credit risk of public sector entities, financial institutions, and/or securitisation structures
- Experience with credit risk assessment methodologies and rating agency criteria. Proficiency in reviewing complex legal structures
- Good knowledge of computer applications
- Excellent knowledge of English and/or French (*), with a good knowledge of the other. Knowledge of other EU languages would be advantageous
- 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.
- Analytical Thinking: Thinks through issues systematically to apply judgement on the basis of evidence and reasoning
- Initiative: Proactively takes action to avoid a problem or exploit an opportunity; persist in addressing problems or exploiting opportunities
(*) 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
For more information and how to apply, please visit https://erecruitment.eib.org selecting Job ID 103977.
Deadline for applications: 29th April 2017
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.
On site interviews are expected to be scheduled in the week commencing 2nd June 2017