CREDIT RISK SOFTWARE SPECIALIST

  • Competitive
  • Luxemburg, Luxembourg
  • Befristete Anstellung, Vollzeit
  • European Investment Bank.
  • 15 Aug 17

The Credit Risk Software Specialist will maintain and further develop several risk management solutions, including off-the-shelf software for financial spreading and regulatory capital calculations (Moody’s RiskAuthority) and bespoke solutions, mainly in the area of counterparty management. S/he will notably ensure that the computations required for the Bank’s risk reporting are performed consistently and accurately, in alignment with the standards outlined by the Basel Supervisory Committee.

Corporate Services (CS) - Information Technology (IT) – Business Services Department (BSD) -

Risk Management & Best Banking Practice Division (RB) – Credit Risk & Regulatory Unit (CRR)

 

CREDIT RISK SOFTWARE SPECIALIST

 

This is a full time position

 

Purpose
 

The Credit Risk Software Specialist will maintain and further develop several risk management solutions, including off-the-shelf software for financial spreading and regulatory capital calculations (Moody’s RiskAuthority) and bespoke solutions, mainly in the area of counterparty management.

S/he will notably ensure that the computations required for the Bank’s risk reporting are performed consistently and accurately, in alignment with the standards outlined by the Basel Supervisory Committee.

Within the Business Services Department, the primary role of the Risk Management and BBP Division is to deliver IT solutions and services in the fields of Risk Management and Business Intelligence. The Division comprises three units: Credit Risk & Regulatory, Data Warehouse & Reporting and Financial, Liquidity & Operational Risk.


Operating Network and Specific Post Environment
 

The incumbent will report to the Head of the Credit Risk & Regulatory Unit and whenever required to the Head of the Risk Management and Best Banking Practice Division. The Credit Risk & Regulatory Unit is currently composed of 7 internal staff and 12 external consultants.  

Externally, s/he will deal on a daily basis with key external parties (software vendors, providers of outsourced services, peer groups) in the Risk Management area in order to optimise the level of service and to stay abreast of best practice.

Internally, s/he will work in close cooperation with other Unit members, as well as with colleagues from other IT divisions and business directorates, particularly the Risk Management Directorate.


Accountabilities
 

The Credit Risk Software Specialist will be responsible for:

  • Ensuring that the risk management software solutions are in line with the IT policies and that qualitative and quantitative objectives are achieved

  • Organising, structuring and leading complex business requirement analysis; producing business cases to propose the best possible IT solution while remaining cost effective for the Bank

  • Leading IT projects under own responsibility and ensuring their delivery within planned time, scope and budget by anticipating issues and taking mitigation actions

  • Providing timely support services for the credit risk solutions under own responsibility

  • Writing up the project documentation such as: project charter, functional design, test scripts, progress report

  • Coordinating internal and external resources and manage the related procurement aspects

  • Acting, where required, as a central coordination to ensure the delivery of expected Risk solutions

  • Monitoring solutions and projects performance through KPIs

  • Providing advice and recommendations following EIB/IT standards and methodologies in the credit risk, regulatory reporting, counterparties management and financial spreading fields in order to ensure that the solutions are conceived, built and managed in line with business requirements.


Qualifications

  • University degree in Information Technology, Mathematics, Finance or related fields

  • At least 3 years of experience in a mixed IT / finance environment, maintaining the Moody’s RiskAuthority suite, or any similar credit risk software solutions such as Algo Suite, Triple Point, Misys FusionRisk, KRM Kamakura


Key technical/professional knowledge and skills

  • Excellent knowledge of finance and risk management, in the areas of Basel regulatory frameworks, credit risk analysis or counterparties management and compliance

  • Practical experience in software development lifecycle, including supervision of development teams.

  • Project management experience or a project management certification (Prince2 or PMP/PMI) would be an advantage

  • Good understanding of relational databases and development languages. e.g.: Unix scripting, Python, P/L SQL, Java/J2EE and PHP

  • Fluent in English or French, and a good working knowledge of the other


EIB core competencies

  • 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 organisational 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 organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation’s needs and intrinsic values, acting  with integrity in ways that promote the organisation’s mission, policies and rules.

 

Instructions on how to apply online can be consulted here (Link). Applicants will receive an email acknowledging reception of their application.

EIB successful candidates will be transferred to the hiring directorate with his/her current contractual terms and conditions*, whilst EIF successful applicants, will be hired on EIB terms and conditions.