Graduate - Market Risk and Pricing Control

Graduate - Market Risk and Pricing Control

This position is based at our Luxembourg headquarters and requires regular office presence. The European Investment Bank (EIB) offers you the opportunity to live and work in a truly international and multi-cultural environment, including relocation support.

The EIB, the European Union's bank, in the framework of its GRAD programme, is seeking to recruit 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, a Graduate - Market Risk and Pricing Control.

This is a full time temporary position as Graduate. The contract will end on 15.12.2027.

Panel interviews are anticipated for March/April 2026.

Purpose

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

Operating Network

You will report to the Head of Market Risk and Pricing Control Unit and work closely with the risk measurement developers within the division, as well as the Departments involved in financial and control matters, especially with the Finance Directorate, the Directorate for Lending Operations and Financial Control. You will interact, where appropriate, with external counterparts and both Internal and External Auditors.

Accountabilities

• Support the implementation of the 2nd Line of Defense oversight framework for loan pricing (specific to financial risks pricing components) and market risk (Interest Rates, FX and Pension risks).
• Assist in preparing risk assessments related to the Bank’s Interest Rate Strategy, under guidance from 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 research, document, and test new ideas. Test new product representations within financial risk systems.
• Support the review and update of ALM and Financial Risk policies by helping gather 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 an equivalent to a Bachelor) 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).

Key skills/competency

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