EIB Trainees – Secretariat General – Economic Department – based in Luxembourg

Theses positions are 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 Secretariat General (SG) – Economic Department (ECON), at its headquarters in Luxembourg: TRAINEES

Duration: 6 months (fixed start date: 1st March/April 2025)

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

The objective of the traineeship is twofold. The Economics Department will benefit from the knowledge and specific technical skills of the trainees in tasks that are labour-intensive, including the development and management of macroeconomic, microeconomic and financial databases, and econometric and statistical analysis. This requires specialised knowledge that is typical for students who have graduated with a Master of Science or are enrolled PhD programme in economics or finance. You will benefit from the opportunity to work in an international financial institution, gain valuable work experience and insights into economic, financial and policy analysis, establish professional contacts and gain knowledge on the functioning of the EIB.

Responsibilities

Under the supervision of a (senior) economist of the Economics Department, you will carry out work related to various projects, such as the development and management of macroeconomic, microeconomic and financial databases, economic analysis for the preparation of the EIB Investment Report and other reports of the Department, the EIB Investment Survey (EIBIS), the EIB municipality survey, the CESEE bank lending survey, the EIB Banking in Africa Survey, internal models for sovereign risk rating and bank industry risk ratings, and macroeconomic scenarios, among others.

Your Main Responsibilities Will Be To

• Extract, develop, prepare and manage large datasets for econometric and statistical analysis.
• Prepare basic descriptive statistics, charts, tables and short reports based on data analysis.
• Co-operate with (senior) economists in developing econometric and statistical models for data analysis.
• Co-operate and assist (senior) economists in exploring and interpreting the results from the econometric and statistical analysis, providing economic rationale and drawing policy conclusions.
• Draft short literature reviews on topics that are relevant to the projects of the Economics Department.
  
  

Academic Qualifications And Professional Skills

• University education: having graduated with a Bachelor in economics or finance, and ideally a MSc in economics or finance, is a prerequisite. The candidate may be enrolled in a PhD programme in economics or finance.
• Ability to work with statistical software, such as Stata, R or Python, is essential.
• Good knowledge of economic theory, corporate finance or advanced statistical methods for the econometric analysis of macroeconomic, microeconomic or financial data is essential.
• Previous experience with large datasets, including firm-level data (e.g. Bureau Van Dijk's Orbis or Enterprise Surveys data), is considered as an advantage.
• Previous work experience or University studies focusing on the analysis of data on firm dynamics, public or private investment, investment finance, financial sector performance or corporate finance is considered as an advantage.
• Analytical skills and ability to clearly communicate results are essential.
• Excellent knowledge of written and spoken English. Knowledge of other EU languages 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