Graduate - Market Risk and Pricing Control

About the Role: Graduate - Market Risk and Pricing Control

This full-time temporary position is based at the European Investment Bank's Luxembourg headquarters, requiring regular office presence. As a Graduate - Market Risk and Pricing Control, you will join a truly international and multi-cultural environment within the Group Risk & Compliance Directorate (GR&C), Group Financial Risk Department (GFIN), ALM and Market Risk Division (ALM), Market Risk and Pricing Control Unit (MRC).

The contract for this graduate program position will conclude on 15.12.2027.

Purpose of the Role

You will play a crucial role in supporting the development and maintenance of robust risk policies and frameworks. These frameworks focus on pricing and market risk, ensuring alignment with the Bank’s Asset and Liability Management (ALM) framework, best banking practices, and relevant regulations. Your work will contribute to the proactive identification, assessment, and oversight of risk exposures.

Operating Network

Reporting to the Head of the Market Risk and Pricing Control Unit, you will collaborate closely with risk measurement developers within the division. You will also interact with various departments involved in financial and control matters, including the Finance Directorate, the Directorate for Lending Operations, and Financial Control. Where appropriate, you will engage with external counterparts, as well as Internal and External Auditors.

Accountabilities

• Support the implementation of the 2nd Line of Defense oversight framework for loan pricing, specifically focusing on financial risk pricing components, and market risk (Interest Rates, FX, and Pension risks).
• Assist in preparing comprehensive risk assessments related to the Bank’s Interest Rate Strategy, working under the guidance of senior team members.
• Support the validation of financial risk metrics for the EIB(G)/EIF portfolios through detailed comparisons with reports generated by relevant Services.
• Contribute actively to ongoing initiatives within the Division by researching, documenting, and testing new ideas and functionalities. This includes testing new product representations within financial risk systems.
• Support the review and update of ALM and Financial Risk policies by gathering critical information on market practices and regulatory developments.
• Follow and help ensure consistent compliance with approved procedures and internal policies in all daily activities.
• Participate in mandate-related risk assessments, providing support for analysis, preparing necessary documentation, and assisting in the monitoring of underlying financial risks.

Qualifications and Experience

• A university degree (minimum equivalent to a Bachelor's), preferably in Economics, Finance, Mathematics, or another quantitative subject.
• A maximum of 2 years of work experience since your most recent graduation (excluding internships under 9 months).
• Experience in Finance, ideally within ALM, Risk Management, Capital Markets, or Treasury functions.
• Previous exposure to quantitative and financial modelling, including loan pricing, BPV (Basis Point Value), and duration calculation.
• Familiarity with ALM and market risk management techniques.
• Knowledge of, or exposure to, models and methodologies for monitoring market risks in the banking book, acquired through studies, internships, or early professional experience.
• Programming knowledge (e.g., Python) is an advantage.
• Experience with IT systems such as WSS (FK), Business Objects, and CompatibL is a plus.
• Excellent knowledge of English and/or French, with a good command of the other language. Knowledge of other EU languages is an advantage.

Key skills/competency

• Market Risk
• Pricing Control
• ALM (Asset and Liability Management)
• Financial Modelling
• Quantitative Analysis
• Risk Management
• Regulatory Compliance
• Financial Instruments
• Python Programming
• Business Objects