Senior Risk Manager

The successful candidate will participate in the risk management activity with regards to the EIF Securitisation and Guarantee business lines (guarantees of tranches of securitisation transactions, Jeremie, CIP, others) in order to give full and due consideration to the balance of risks and rewards inherent to the EIF's business in this domain. The Senior Risk Manager reports to the Head of Guarantees & Securitisation Risk Management Unit cooperating closely with colleagues working in the front office and support services linked to the EIF's own risk, mandate and microfinance activities.

Responsibilities

• Establish a set of best practices, guidelines, procedures and risk management tools suitable for the specific needs and resources of EIF business (e.g. for own risk, mandates, and microfinance activities);

• Draft reliable, fully developed independent opinions covering all aspects of transactions in own domain, seeking the Unit Head's advice on particularly complex or new operations;

• Assess the risks associated with individual guarantee transactions (based on the transaction structure, underlying quality of assets, analysis of the underlying portfolio securities and current market situation) and formulate independent opinions;

• Perform credit reviews and produce advice and recommendations on watch-list transactions requiring special attention;

• Contribute to the implementation of new products and mandates and to the development of the EIF's strategy in the field of microfinance,

• Closely follow evolution of the market environment and provide recommendations when a need to modify approach arises.

• Represent EIF externally when required (meetings with counterparties, the European Commission, EIB, external auditors, rating agencies, etc).

Qualifications

• University degree, preferably in Business Finance, Economics, Actuarial Science, Mathematics, Statistics or a related subject. A postgraduate degree (PhD, MBA) and/or additional professional qualifications (CFA) would be considered an asset;

• At least 5 years' professional experience in the finance sector, preferably in structured finance, microfinance, credit/risk management department of an investment bank or a rating agency;

• Experience in microfinance and/or structuring/rating/restructuring finance transactions would be considered an asset;

• Knowledge of standard clauses used in loan agreements in the lending activity to financial institutions and knowledge of basic techniques of financial analysis would be an advantage;

• Good knowledge of risk assessment and risk management techniques;

• Good quantitative skills, knowledge and understanding of quantitative models;

• Excellent knowledge of English, both oral and written. Knowledge of other EU languages would be an advantage.

Competencies

• Strong analytical capacity and creativity;

• Job summary

  Employer:	European Investment Fund
  Location:	Luxembourg, Luxembourg
  Education:	Bachelor's Degree
  Sector:	Economist
  Salary:
  Job Type:	Permanent
  Hours:	Full-Time
  Posted:	11th August 2010
  Apply By:	9th November 2010

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