CAIA's Career Center is an easy-to-use, comprehensive resource connecting job seekers with employers in the growing AI field. Use your knowledge and credibility to advance your career or build a talented team for your organization. Opportunities targeted to CAIA Charterholders are prioritized.
In order to search for jobs specifically for CAIA Charterholders or those pursuing the CAIA Charter please enter “CAIA” in the search panel.
This will enable you to search for CAIA specific roles globally.
Operational Control and Analytical Support Officer
European Investment Bank.
June 8, 2018
The EIB, the European Union's bank, is seeking to recruit for its Finance Directorate (FI),–Strategy Policy and Business Support Department (SPBS) and Operational Support and Monitoring Division (OSM) at its headquarters in Luxembourg, a:
Operational Control and Analytical Support Officer
This is a full-time position at grade 5/6
The term of this contract will be 4 years
Panel interviews are anticipated for the beginning – mid-August
EIB offers fixed-term contracts of up to the maximum of 6 years, according to business needs,with a possibility to convert to a permanent contract, subject to organizational requirementsandindividual performance.
The Operational Control and Analytical Support Officer, internally known as (Senior) Operational Control and Analytical Support Officer, is responsible to continuously improve execution of OSM controls relating to accurate and timely trade capture and the delivery of key business risk reports which provide support to the Front Offices in their decision-making process. Systematically reviewing the factors that affect transaction costs, assessing risk exposures and developing systematic processes, transaction cost analysis, trading models to minimize slippage, increase capacity and improve the efficiency of the financial activity.
The Operational Control and Analytical Support Officer is an operational line role to further develop the methodologies, technologies, and analytics for the daily Middle Office controls being involved in the active support of trading activities, executed within the FI Directorate.
You will report to the Head of Division. You will have regular contact with colleagues in other Directorates, internally with the following department: Finance (FI), Financial Control (FC), Risk Management (RM), IT, Legal (JU) and Operations (Ops). Externally with WSS/ION via IT, EC, external counterparties and Middle Offices in general.
Specific Post Environment
The Operational Support and Monitoring Division is a new operational support function, reporting to the Director of the FI Strategy Policy and Business Support Department. You will work under the direct supervision of more senior officers and in close cooperation with all members of the team, acting as a strengthening of the 1st line of defense function. You will ensure the complete, adequate and timely representation of all financial transactions in the EIB's front office system as well as the improvement of management indicators, generation, and utilization technical aspects. You will review the trades that the front officers enter into and will ensure that they are conducted at close to the observed market level, by performing a market conformity check and as a result, certifying that the front office is optimizing its trade execution.
Trade Capture controls to ensure accurate and timely trade capture within the Front Office system Wall Street system, matching the previous day's trading activities (trade type, trade-economic details, and valuation).
Execution of Trade Capture Authentication control, by reviewing the trade-economic details and risk information of all new and amended trades against other 3rd party sources (at the time of trade capture Execution of the Heldover control to ensure all trades which cannot be captured accurately in the front office system WS on trade date are reported as 'heldover' to key risk management partners .
Financial Risk Policy Guidelines Mandate checks, to ensure FI/TRE and FI/CAP trading activities adhere to the front office guidelines
Market Conformity checks, by reviewing the execution price of each in-scope trade against the market price at the time of execution
Contribute to business projects in the area of competence of the Middle Office aiming at supporting the front officers: ensuring the control 'ethos' of the Middle Office is maintained
Perform analytical tasks in cooperation with front office portfolio managers, credit analysts, and technology staff to contribute to business requirements, analysis of different reporting tools, communicate project plans, contribute to the development, testing, implementation and provide support.
Perform process and data flow analysis and contribute to Business Requirements Documents (BRD)
Contribute to the definition and testing of interfaces to third-party systems using Wall Street, Reuters, Bloomberg, SQL and other technologies
Test product-level functionality and new releases
Execute key risk indicators to ensure controls are performing adequately and effectively
Contribute to the FI Control Forum, as required.
University degree in quantitative areas such as Master in Financial Engineering, Applied Finance, Applied Statistics, Applied Mathematics, Computational Finance or equivalent experience in these fields
5 years' experience in the financial sector, preferably in Treasury and Capital Markets products / structured finance, in investment banks, audit companies or business consultant companies
Expertise in financial analysis, relevant experience in quantitative modeling and risk management practices for capital markets and/or treasury activities, within the front office, middle office or risk management is essential
In-depth knowledge of trading techniques, asset classes, positions and cash reconciliations
Previous experience in the development and implementation of financial risk models, with a focus on one or several of the following: interest rate, liquidity, market, FX or counterparty risks.
Strong knowledge of programming preferably in the following languages VBA, Matlab, C++, Java. Proficient excel user and good knowledge of SQL.
Experience in projects related to the implementation of tools aiming at valuing IRR and FX derivatives
Excellent knowledge of English and/or French (*), with a good command of the other (knowledge of other EU languages would be an advantage).
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 organizational 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 organization whose mission is to support Europe and is open to diversity, and to align her/his own behavior with the organization's needs and intrinsic values, acting with integrity in ways that promote the organization's mission, policies and rules.
(*) 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.