Graduate, Market Risk and Pricing Control

Graduate, Market Risk and Pricing Control at European Investment Bank

This position is based at the European Investment Bank's Luxembourg headquarters and requires regular office presence, offering a truly international and multi-cultural environment with relocation support.

The European Investment Bank (EIB), the European Union's bank, through its GRAD programme, is seeking a Graduate, Market Risk and Pricing Control for its Group Risk & Compliance Directorate (GR&C), Group Financial Risk Department (GFIN), ALM and Market Risk Division (ALM), Market Risk and Pricing Control Unit (MRC) at its headquarters in Luxembourg.

This is a full-time temporary graduate position with a contract ending on 15.12.2027.

Purpose of the Role

You will support the team in developing and maintaining robust risk policies and frameworks in the domain of pricing and market risk. This role involves aligning with the Bank’s Asset and Liability Management (ALM) framework, best banking practices, and relevant regulations to ensure proactive identification, assessment, and oversight of risk exposures.

Operating Network

Reporting to the Head of Market Risk and Pricing Control Unit, you will collaborate closely with risk measurement developers within the division. You will also work with Departments involved in financial and control matters, particularly the Finance Directorate, the Directorate for Lending Operations, and Financial Control. Interaction with external counterparts and both Internal and External Auditors will be required where appropriate.

Accountabilities

• Support the implementation of the 2nd Line of Defense oversight framework for loan pricing, specifically focusing on financial risks pricing components, and market risk, encompassing Interest Rates, FX, and Pension risks.
• Assist in preparing risk assessments related to the Bank’s Interest Rate Strategy, under the guidance of senior team members.
• Support the validation of financial risk metrics for the EIB(G)/EIF portfolios by comparing calculations with reports produced by relevant Services.
• Contribute to ongoing initiatives within the Division by helping to research, document, and test new ideas, including new product representations within financial risk systems.
• Support the review and update of ALM and Financial Risk policies by gathering information on market practices and regulatory developments.
• Follow and help ensure compliance with approved procedures and internal policies in daily activities.
• Participate in mandate-related risk assessments by supporting analysis, preparing documentation, and assisting in the monitoring of underlying financial risks.

Qualifications

• 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 (excluding internships of less than 9 months) since your most recent graduation.
• Experience in Finance, ideally ALM, Risk Management, Capital Markets, or Treasury functions.
• Previous exposure to quantitative and financial modelling, including loan pricing, BPV, 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, gained through studies, internships, or early professional experience.
• Programming knowledge (e.g., Python) would be 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. (Knowledge of other EU languages would be an advantage).

Competencies

Find out more about EIB core behavioural skills here.

To find out more about our eligibility criteria click here.

Unless stated explicitly as a required qualification, a good command of French is not a pre-requisite for hire. As both English and French are however official working languages of the EIB, proficiency in both languages is a pre-requisite for your future career development. Any language clause in your contract must be fulfilled in order for you to be eligible for a promotion (either via the annual appraisal cycle or via an internal selection process). Proficiency is understood to mean the attainment of level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL). The Bank offers appropriate training support.

The European Investment Bank values diversity, equity, and inclusion, encouraging all suitably qualified candidates to apply regardless of identity, age, background, religion, sexual orientation, disability, or neurodiversity.

If you require reasonable accommodation during the recruitment process, please contact the EIB Recruitment team at Jobs@eib.org.

By applying, you acknowledge the importance of maintaining EIB Group information security and integrity. If selected, you agree to comply with all measures to prevent unauthorized disclosure or damage to the EIB Group's reputation.

Key skills/competency

• Market Risk Management
• Quantitative Analysis
• Financial Modelling
• ALM (Asset & Liability Management)
• Risk Assessment
• Regulatory Compliance
• Financial Instruments
• Python Programming
• Data Validation
• Treasury Operations