EIB Trainee – Group Risk & Compliance Directorate – Regulation & EIB Group Risk Department – EIB Group Internal Modelling Division – Model Maintenance and Monitoring Unit – based in Luxembourg

This position is based at our Luxembourg headquarters and require regular office presence. The EIB offers you the opportunity to live and work in a truly international and multi-cultural environment.

The EIB, the European Union's bank, is seeking to recruit for its Group Risk & Compliance Directorate (GR&C) – Regulation & EIB Group Risk Department (GREG) – EIB Group Internal Modelling Division (IM) – Model Maintenance and Monitoring Unit (MMU), at its headquarters in Luxembourg: TRAINEE

Duration: 5 months (fixed start date: 1st March/April 2025)

(With possible extension up to 6 months if required by University)

Please note that, as marked on our Webpage, only applications from nationals of the Member States of the European Union, as well as citizens from countries that have been officially granted candidate status to join the EU, can be considered (Albania, Bosnia and Herzegovina, Georgia, Moldova, Montenegro, North Macedonia, Serbia, Turkey and Ukraine).

Please note that applications from students under the Erasmus+ programme cannot be considered.

Please note that you are requested to limit your applications to a maximum of three traineeship publications. We will only consider and retain the first three applications submitted.

Objective of the traineeship

You will provide support towards enhancing the model monitoring framework to cover recent model changes:

• The new rating models for Corporates, Financial Institutions, Public Sector Entities
• The new Probability of Default (PD) master scale
• The New Public Sector Loss Given Default (LGD) model
• The extension of LGD models for EU Credit Risk Guidelines into the non-EU Credit Risk Guidelines segments.
  
  

More specifically, you will work under the guidance of your supervisor and collaborate with the other members of the unit, contributing to the enhancement of the monitoring framework in the areas of data collection, manipulation, cleaning, statistical analysis, code implementation and report generation, and document these tasks in detail.

Responsibilities

Under the direct supervision of the senior colleague, you will support and collaborate with other colleagues of the unit and contribute to the following activities:

• Coding of Python scripts for data collection, manipulation, statistical analysis and automatized report generation
• Migration of existing R, SAS and VBA scripts to Python
• Preparation of reports and presentations in the areas of model performance testing and oversight
• Support of drafting solution designs
• Documentation of the results, the analyses and the different data collection/cleaning steps such that a third party may replicate the exercise
  
  

Academic Qualifications And Professional Skills

• Final year of studies or University degree in a quantitative field such as Mathematics, Statistics, Data Science, Physics, Economics or Finance.
• Knowledge of risk management concepts and credit risk modeling would be considered an asset.
• Statistical analysis of data (hypothesis testing, (linear) regression analysis, model selection, data mining, graphical presentation of data)
• Proficiency in Python. Knowledge of R, SAS, SQL or VBA would be considered an asset.
• Excellent or good knowledge of standard Microsoft Office tools (in particular Word, Excel, and PowerPoint)
• Excellent knowledge of written and spoken English. Knowledge of another EU language would be an advantage.
  
  

Competencies

Find out more about EIB core competencies here

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 unauthorized disclosure of any information or any damage to the EIB Group reputation.

We are an equal opportunities employer, who believes that diversity is good for our people and our business. 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/identity, disability or neurodiversity.

Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIB Traineeship Recruitment team [email protected] who will ensure that your request is handled.

Your Application May Be Used For Another Campaign.

Please note that deadline for application is on the 27th November 2024.

More information on our EIB Traineeship Programme and Provisions for In-service training can be consulted on our EIB website; https://www.eib.org/en/about/careers/categories/traineeship-and-graduate.htm