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The European Investment Fund (EIF), is seeking to recruit a (Senior) Credit Risk Manager for its Risk Management Department - Transaction and Portfolio Risk Division (TPR), at its headquarters in Luxembourg Appointment will be made on the basis of a fixed term contract of three (3) years.
Purpose: The (Senior) Risk Manager will primarily be dedicated to the credit analysis of new transactions for Inclusive Finance (microfinance), InnovFin, CoSME and Regional Mandates. S/he will provide independent credit opinions on the transactions, taking all steps necessary to ensure that risk taking is in line with the appetite of the funding source and proactively advising on credit mitigation measures where required. The (Senior) Risk Manager will also collaborate in other mandates subject to business needs. The role also involves review of legal documentation and contributions to internal rating methodologies and credit risk policies and procedures. Areas of responsibility will also include the supervision of the deal pipeline for the above-mentioned products, and active collaboration in the development and implementation of new mandates.
Operating Network: The successful candidate will report to the Head of the Credit Risk Management Unit. S/he will work in close cooperation with the other Division members and will have extensive contact with colleagues in Portfolio Risk Management, Surveillance, Front Office, Legal, and Compliance.
Accountabilities: At a level commensurate with experience:
Analyse new transactions for EIF's portfolio or third-party mandates (primarily focusing on Inclusive Finance, InnovFin, CoSME and Regional Mandates), supporting more junior colleagues when necessary;
Provide sound written independent opinions on transactions proposed by the Front Office, on the basis of a detailed credit and financial analysis performed;
Provide expert advice on the full range of financial risk issues related to the counterparty, structure, documentation, portfolio and data quality;
Take part in on-site visits to financial intermediaries, portfolio originators and servicers;
Follow-up on transaction progress between approval and signature to verify the implementation of all approved conditions precedent and/or recommendations from EIF Risk Management upon signature;
Contribute to the elaboration or regular update of a set of best practices, guidelines, procedures and risk management tools specific for analysing own risk and mandate portfolios;
Actively contribute to the risk surveillance of the portfolio of existing transactions, including preparation of regular reports, the identification of the need for rating changes and ad hoc analyses;
Ensure that the pipeline of transactions for these mandates is allocated within the team, as well as to identify potential bottlenecks and negotiating with front office on timing.
University degree (preferably at post-graduate level) in Economics, Finance or a related subject;
Additional professional qualifications (i.e. PRM, FRM, CFA) would be an asset;
Minimum five (5) years' relevant professional experience preferably in banking, investment management, rating agency, or related environment);
Proven experience in the analysis of one or more of the following: Microfinance, SME debt portfolios; financial counterparties (particularly banks, leasing companies and microfinance lenders) would be a considerable advantage;
Advanced Excel skills are essential;
Fluent spoken and written English as well as excellent drafting skills are essential for the role; working knowledge/fluency in other EU languages would be an advantage.
Sound credit judgment with a strong analytical ability and quantitative skills for assessing counterparties and loan portfolios;
Stress resistance and ability to meet tight deadlines;
Good team spirit and pro-active approach;
Sense of initiative and innovation in proposing solutions;
Understanding of EIF mandates and products;
Familiarity with legal documentation from a credit perspective would be an advantage. Deadline for applications: 5th January 2020 * Due to high volume of applications, only candidates selected for interviews will be contacted.