Graduate - Derivatives Counterparty Credit - based i...
Solliciteren
Plaats
Brussel1000
Brussel
België
Contract
Vooltijds, Onbepaalde duurDatum gepubliceerd
2026-02-24Online to:
2026-04-25EUR 20.00 HOUR
Graduate - Derivatives Counterparty Credit - based in Luxembourg
- European Investment Bank (EIB)
- Brussel
- 1 dag geleden
This position is based at our Luxembourg headquarters and requires regular office presence. The EIB offers you the opportunity to live and work in a truly international and multi-cultural environment. We also offer 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-Risk Management Directorate (GR&C-RM), Group Financial Risk Department (GFIN), Derivatives Division (DER), Counterparty Credit Risk Unit (RKU) at its headquarters in Luxembourg, a Graduate - Derivatives Counterparty Credit*.
This is a full-time temporary position at grade GRAD.
The term of this contract will be until December 15th, 2027
Panel interviews are anticipated for April 2026.
Purpose
Support the monitoring and reporting of counterparty risk, risk measurement, and risk reporting processes for derivatives, in order to contribute to the effective implementation of risk management for derivative transactions in line with the EIB's financial risk policies.
Specific Post Environment
The Derivatives Counterparty Credit Risk Unit manages the credit risk of derivatives transactions. Its tasks involve:
setting minimum conditions and risk limits for derivatives counterparties
specifying and monitoring counterparty risk measurement calculations
reporting and monitoring compliance with limits of counterparty credit risk exposures
contributing to exposure reduction in case of limit breaches or low limit availability
monitoring collateral management activities
negotiating the ISDA/CSA agreements in collaboration with Front Office
computing liquidity and funding stress scenarios and internal risk charges
Operating Network
Reporting to the Head of the Counterparty Credit Risk Unit, you will work in close collaboration with the Head of the Derivatives Division and a team of Quantitative Analysts.
Accountabilities
Participate in the selection, specification and monitoring of counterparty credit risk measures, including Expected and Potential Future Exposures and regulatory exposure measures.
Assist the team in the design and monitoring of models for XVAs (internal credit, liquidity, funding collateral and capital charges).
Contribute to the counterparty credit risk limits calculation, usage and availability reporting.
Provide input to the reports on risk positions, limit usage and counterparty availability for new operations.
Back-test and participate in other controls of the internal models, identify and implement corrective actions.
Support the development, improvement and implementation of changes in Derivatives risk management policies, processes and procedures, in line with new regulations and best practices.
Help review and calculate the impact of new transactions, novations and changes in ISDA/CSA documentation on the fair value and internal credit, liquidity and funding charges and also the Potential Future Exposure.
Collaborate with other services across the Bank (notably IT, model validation and internal audit), ensuring that appropriate internal cooperation and controls are maintained.
Qualifications
University degree (minimum an equivalent to a Bachelor), preferably in a relevant field, such as Mathematics, Engineering, Physics, Computer Science, Finance or Economics with quantitative finance (Stochastic Calculus) as the major topic. Post-graduate studies and PRMIA or GARP certificates will be an advantage.
A maximum 2 years of professional experience after your most recent graduation (excluding summer jobs and internships shorter than nine months). Some experience with a major derivatives dealer or user, with involvement in derivatives counterparty credit risk management, and previous exposure to derivatives pricing models, counterparty risk quantification and derivatives liquidity and funding aspects would be preferred.
Knowledge of XVA adjustments (CVA, DVA, CollVA, FVA, KVA).
Familiarity with counterparty risk quantification, including Potential Future Exposure and capital charges calculations would be an advantage.
Programming background in a structured language (C, C++, C#, Python, etc.), with preference for object-oriented programming languages.
Excellent knowledge of English and/or French with a good command of the other.
Competencies
About
Find out more about EIB core behavioural skills here
We hire and value talent with unique characteristics, creating a work environment where they can be themselves. We believe that Diversity, Equity and Inclusion makes us a performing and innovative organisation. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation, disability or neurodiversity.
If you require reasonable accommodation during the recruitment process due to a disability, neurodivergence, or a chronic health condition, please contact the EIB Recruitment team who will manage your request appropriately.
By applying for this position, you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorised disclosure of any information or any damage to the EIB Group reputation.
Deadline for applications: 13th March 2026
The EIB, the European Union's bank, in the framework of its GRAD programme, is seeking to recruit for its Group Risk & Compliance-Risk Management Directorate (GR&C-RM), Group Financial Risk Department (GFIN), Derivatives Division (DER), Counterparty Credit Risk Unit (RKU) at its headquarters in Luxembourg, a Graduate - Derivatives Counterparty Credit*.
This is a full-time temporary position at grade GRAD.
The term of this contract will be until December 15th, 2027
Panel interviews are anticipated for April 2026.
Purpose
Support the monitoring and reporting of counterparty risk, risk measurement, and risk reporting processes for derivatives, in order to contribute to the effective implementation of risk management for derivative transactions in line with the EIB's financial risk policies.
Specific Post Environment
The Derivatives Counterparty Credit Risk Unit manages the credit risk of derivatives transactions. Its tasks involve:
setting minimum conditions and risk limits for derivatives counterparties
specifying and monitoring counterparty risk measurement calculations
reporting and monitoring compliance with limits of counterparty credit risk exposures
contributing to exposure reduction in case of limit breaches or low limit availability
monitoring collateral management activities
negotiating the ISDA/CSA agreements in collaboration with Front Office
computing liquidity and funding stress scenarios and internal risk charges
Operating Network
Reporting to the Head of the Counterparty Credit Risk Unit, you will work in close collaboration with the Head of the Derivatives Division and a team of Quantitative Analysts.
Accountabilities
Participate in the selection, specification and monitoring of counterparty credit risk measures, including Expected and Potential Future Exposures and regulatory exposure measures.
Assist the team in the design and monitoring of models for XVAs (internal credit, liquidity, funding collateral and capital charges).
Contribute to the counterparty credit risk limits calculation, usage and availability reporting.
Provide input to the reports on risk positions, limit usage and counterparty availability for new operations.
Back-test and participate in other controls of the internal models, identify and implement corrective actions.
Support the development, improvement and implementation of changes in Derivatives risk management policies, processes and procedures, in line with new regulations and best practices.
Help review and calculate the impact of new transactions, novations and changes in ISDA/CSA documentation on the fair value and internal credit, liquidity and funding charges and also the Potential Future Exposure.
Collaborate with other services across the Bank (notably IT, model validation and internal audit), ensuring that appropriate internal cooperation and controls are maintained.
Qualifications
University degree (minimum an equivalent to a Bachelor), preferably in a relevant field, such as Mathematics, Engineering, Physics, Computer Science, Finance or Economics with quantitative finance (Stochastic Calculus) as the major topic. Post-graduate studies and PRMIA or GARP certificates will be an advantage.
A maximum 2 years of professional experience after your most recent graduation (excluding summer jobs and internships shorter than nine months). Some experience with a major derivatives dealer or user, with involvement in derivatives counterparty credit risk management, and previous exposure to derivatives pricing models, counterparty risk quantification and derivatives liquidity and funding aspects would be preferred.
Knowledge of XVA adjustments (CVA, DVA, CollVA, FVA, KVA).
Familiarity with counterparty risk quantification, including Potential Future Exposure and capital charges calculations would be an advantage.
Programming background in a structured language (C, C++, C#, Python, etc.), with preference for object-oriented programming languages.
Excellent knowledge of English and/or French with a good command of the other.
Competencies
About
Find out more about EIB core behavioural skills here
We hire and value talent with unique characteristics, creating a work environment where they can be themselves. We believe that Diversity, Equity and Inclusion makes us a performing and innovative organisation. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation, disability or neurodiversity.
If you require reasonable accommodation during the recruitment process due to a disability, neurodivergence, or a chronic health condition, please contact the EIB Recruitment team who will manage your request appropriately.
By applying for this position, you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorised disclosure of any information or any damage to the EIB Group reputation.
Deadline for applications: 13th March 2026