EIB Trainee - Finance Directorate - Financial Engineering and Advisory Services Division- based in Luxembourg
European Investment Bank (EIB)Slovenia16 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 Finance Directorate (FI) - Treasury Department (TRES) - Financial Engineering and Advisory Services Division (FEAS) at its headquarters in Luxembourg: TRAINEE
Duration: 5 months (fixed start date: 1st March 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
To Help Close The Following Recommendations
You will participate in the completion of the following tasks:
You should have the following skills:
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 Finance Directorate (FI) - Treasury Department (TRES) - Financial Engineering and Advisory Services Division (FEAS) at its headquarters in Luxembourg: TRAINEE
Duration: 5 months (fixed start date: 1st March 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
To Help Close The Following Recommendations
- R-5852-32 Quantification and monitoring of methodological assumptions made in the yield curve framework.
- R-8553-8 Add the stakeholders DER and MDM- in the FEAS market instrument sign-off.
- R-6456-16 Model Performance Monitoring: Unit and regression tests.
- R-5852-27 Clarify convexity adjustment calculation and develop capabilities to calculate convexity adjustment on individual loan level.
- R-6456-9 Model performance monitoring: User instruction of input control.
You will participate in the completion of the following tasks:
- Closing of the recommendations related to model monitoring: FEAS maintains a few tier-1 core models which require annual periodic performance monitoring. You will be closing the recommendation related to the following monitoring tasks and document them.
- Curve benchmarking: curves used for loan valuation have to be periodically benchmarked against market standards such as Reuters or Bloomberg. The task to be carried out seems to be lacking here.
- Periodic review of market instrument conventions: this would involve the automation of convention retrieval from the Golden Source and their comparison with the existing set of conventions to assess the changes and their causes.
- New market data: compare existing set of calibration instruments with those from the previous year, identify what has changed and why.
- Review and update the set of market instruments used for calibration.
- Automation of convention retrieval from Golden Source for the new instruments.
- Calculation of convexity adjustments given a theoretical framework, contribute to the implementation of convexity adjustments at deal level.
- Quantification of methodological assumptions in the yield curve framework: given a theoretical framework, perform the tests to estimate the impact of various assumptions within the loan pricing methodology.
You should have the following skills:
- Quantitative analyst profile: Final year of studies or University degree in mathematics, physics, engineering, data science, computer science, quantitative finance.
- Programming skills (mainly Python language).
- Finance knowledge will be a plus.
- Excellent knowledge of written and spoken English.
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
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