(Associate) Financial Policy Officer

Location:
Luxembourg
Industry Sector:
International Public Sector
Type of contract:
Contract
Salary:
Competitive

(Associate) Financial Policy Officer

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Application closing date: 10 December 2018

Purpose

As an (Associate) Financial Policy Officer internally referred (Associate) Officer / Analyst you will support the Finance Directorate (FI) in the design, testing, implementation and revision of policies, internal documentation, processes, 1st line controls and strategies related to FI activities, by providing research, analysis and advice on:

(i) Best banking practices, with a more particular focus on regulatory and supervisory requirements and guidelines (currently in effect and in development); and (ii) Financial policies, with a more particular focus on those related to FI activities (treasury, capital markets and back-office), and to the financial management and financial risks managed in 1st line by the FI directorate (interest rate, FX, market, liquidity and counterparty credit risks).

Operating Network

The Financial Policies & Methodologies (FPM) Division, within the Strategy Policies and Business Support Department (SPBS), is a new function established to provide FI management with methodologies and analysis supporting a wide range of strategic decisions. Reporting to the Head of division, you will have regular contact with colleagues in other Directorates, notably internally with the Finance Departments (FI), as well as other business divisions within the Bank, such as Risk Management, Legal and Financial Control.  Externally you will also have contact with the European Institutions, regulatory/supervisory authorities, International Financial Institutions and other Multilateral Development Banks.

Accountabilities

In relation to best banking practices:

  • Monitor regulatory developments impacting the Bank in general and FI in particular, including EU proposed or adopted legislation, EU level -2 implementation measures and level -3 guidance set by relevant European Supervisory Authorities, international guidelines and regulatory sources in relevant markets for the Bank, including the US.
  • Analyse and advise on the consequences of such regulatory developments for the Bank and FI, in collaboration with other services; draft different notes on regulatory developments; prepare briefings for FI management, and build consensus on possible courses of action vis-à-vis key partners.
  • Provide support in the preparation of the Regulatory Committee (REGCOM).
  • Contribute to Bank-wide initiatives such as the ILAAP, liquidity contingency planning, ICAAP, risk appetite framework, recovery planning, stress testing, pillar 3 report, etc.
  • In relation to financial policies:
  • Contribute to the design, testing, implementation and revision of financial policies related to FI activities (treasury, capital markets and back-office) and to the financial management and financial risks managed in 1st line by the FI directorate (interest rate, FX, market, liquidity and counterparty credit risks).
  • Actively follow market practices and practices of other international financial institutions (IFIs) and multilateral development banks (MDBs).
  • Contribute to the design of a set of relevant financial metrics to support the decision-making process and/or the strategy definition
  • Perform financial analysis and impact assessment studies related to the relevant policy proposals, to support discussion points in permanent committees (e.g. ALCO) and working groups
  • Document properly the relevant policies.

Qualifications

  • University degree, preferably in Finance, Economics, Business Administration or Law
  • At least 3 years of relevant work professional experience acquired preferably in a major financial institution, a consultancy firm, a central bank, a supervisory authority or a major international organisation.
  • Excellent knowledge of English and/or French(*), with a good knowledge of the other. (Knowledge of other EU languages would be an advantage).
  • Exposure to one or several of the following constitutes an advantage:
    • Experience in the implementation of projects aiming at ensuring compliance with new regulatory and supervisory requirements.
    • Experience in regulatory watch and advocacy.
    • General knowledge and professional experience or exposure to capital markets and treasury activities, within the front office, middle office/performance management or risk management.
    • Expertise in the design and production of financial reporting’s in banks, especially in two areas (middle office reporting’s and/or prudential reporting’s).
    • Relevant experience in the development and implementation of financial models.
    • Deep understanding of accounting principles.
    • Relevant team experience in projectsGood knowledge of the EIB’s mission, financial and lending activities.

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.
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