EIB Trainee - Group Risk & Compliance Directorate - Counterparty Credit Risk Unit - based in Luxembourg
European Investment Bank (EIB)Finland8 hours ago
Full-timeOther
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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.
The EIB, the European Union's bank, is seeking to recruit for its Group Risk & Compliance Directorate (GR&C) - Group Financial Risk Department (GFIN) - Derivatives Division (DER) - Counterparty Credit Risk Unit (RKU), at its headquarters in Luxembourg: TRAINEE
Duration: 5 months (fixed start date: 1st March/April 2026)
(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).
Candidates whose Erasmus+ programme overlaps with the duration of the traineeship will not 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
As part of the Counterparty Credit Risk Unit, you will contribute to the development of innovative tools aimed at automating the estimation of derivatives valuation adjustments (XVAs), including Credit Valuation Adjustment (CVA), Debit Valuation Adjustment (DVA), Funding Valuation Adjustment (FVA), and Margin Valuation Adjustment (MVA). Drawing on both internal and external data sources, your work will support the enhancement of risk measurement processes and improve the efficiency and accuracy of valuation reporting. This traineeship offers a unique opportunity to gain hands-on experience in quantitative finance and risk analytics within a dynamic and forward-looking team.
Responsibilities
You will:
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 November 18th, 2025.
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
The EIB, the European Union's bank, is seeking to recruit for its Group Risk & Compliance Directorate (GR&C) - Group Financial Risk Department (GFIN) - Derivatives Division (DER) - Counterparty Credit Risk Unit (RKU), at its headquarters in Luxembourg: TRAINEE
Duration: 5 months (fixed start date: 1st March/April 2026)
(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).
Candidates whose Erasmus+ programme overlaps with the duration of the traineeship will not 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
As part of the Counterparty Credit Risk Unit, you will contribute to the development of innovative tools aimed at automating the estimation of derivatives valuation adjustments (XVAs), including Credit Valuation Adjustment (CVA), Debit Valuation Adjustment (DVA), Funding Valuation Adjustment (FVA), and Margin Valuation Adjustment (MVA). Drawing on both internal and external data sources, your work will support the enhancement of risk measurement processes and improve the efficiency and accuracy of valuation reporting. This traineeship offers a unique opportunity to gain hands-on experience in quantitative finance and risk analytics within a dynamic and forward-looking team.
Responsibilities
You will:
- Automate the current Excel-based tool for XVA estimation, in Excel or other preferred programming language,
- Prepare and improve reports on financial risks (interest rate, liquidity, funding).
- Support updates to financial risk policies and internal documentation.
- Assist in testing and documenting ALM models and methodologies.
- Analyze financial data to support accurate and insightful reporting.
- Collaborate with internal teams to ensure consistency in risk analysis.
- Final year of studies or University degree in either:
- Finance/Economics
- Mathematics/Physics/Engineering
- Computer Science/ IT
- Basic understanding of financial risk concepts and ALM principles would be an advantage
- Strong analytical and problem-solving skills.
- Excellent knowledge of Microsoft Office Excel, SQL and at least one programming language
- Excellent knowledge of written and spoken English and/or French. Knowledge of other EU language would be an advantage.
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 November 18th, 2025.
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
Key Skills
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