(Associate) Climate Risk Management Officer
The EIB, the European Union's bank, is seeking to recruit for its Risk Management Directorate - Operations Department - Structured Finance & Equity Division - Equity Unit - at its headquarters in Luxembourg, an (Associate) Climate Risk Management Officer (*). This is a full time, temporary, position at grade 4/5.
The term of the contract will be 1 year
Panel interviews are anticipated for end March/early April 2021
(*) internal benchmark: (Associate) Officer Credit Risk Management
Contribute to the development and testing of the climate risk scorecard in order to assess and quantify climate-related credit risk, and ensure the implementation of the Climate Risk Initiative within the Directorate
Risk Management’s (RM’s) role in the development and implementation of the Climate Risk Initiative consists of the incorporation of climate-related risk into EIB’s risk management framework and policies.
RM is the owner of the Climate Risk Screening Tool, relying also on the Bank’s technical Projects Directorate (PJ) and the Economics Department (ECON) for input, and assesses the financial impact of the climate risk on the Bank’s lending portfolio.
Reporting to the Head of the Equity Unit, you will work in close cooperation with the other Division members, and will have extensive interactions with colleagues in Risk Management and other Directorates such as front office Lending, Portfolio Management & Restructuring, and the Projects Directorate.
Contribute to the development and implementation of the Climate Risk Initiative within RM. Your accountabilities include, but are not limited, to the following:
Participate in the development of climate risk related tools
Contribute to the development and implementation of a climate risk stress testing framework
Contribute to the set-up of a framework for internal and external reporting on climate risk exposures and management approach
Contribute to the inclusion of climate risk into risk appetite statement, credit strategies and capital planning
Independently test the updated version of the climate risk scorecard
Proactively advise and present recommendations for the Climate Risk Initiative
Provide guidance to fellow RM members assigned to help in the Climate Risk Initiative
Develop and improve the procedures, support and control systems, IT systems, methodologies and working tools in relation to the Climate Risk Initiative
Ensure the quality and accuracy of information/data input into various IT systems.
University degree, preferably in Finance or a Business related field. Post-graduate education in a related subject would be an advantage
Minimum 3 years of professional experience relevant to the role
Experience of credit risk assessment and/or lending in the financial sector would be a distinct advantage
Proficiency in reviewing and commenting on complex legal structures would be an asset
Proven track record in credit risk policy development would be preferred
In-depth understanding of the EIB policy, objectives and lending processes
Knowledge of standard computer tools and specific IT applications supporting the lending/investing process (at EIB these would include Serapis, Force Pret, PIC Tiers, GED, Time & Labour)
Excellent knowledge of English and a good knowledge of French*. Knowledge of other EU languages would be an advantage
Find out more about EIB core competencies here
(*) 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 (**).
(**) We particularly welcome applications from women and persons with disabilities.
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: 17th March 2021