Graduate – Portfolio Management, Financial Institutions – based in Luxembourg

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. We also offer relocation support.

The EIB , the European Union’s bank, in the framework of its GRAD programme, is seeking to recruit for its Portfolio Management & Monitoring Directorate (PMM), Counterparty Management Department (CM), EU Financial Institutions Division (FINEU), at its headquarters in Luxembourg, a Graduate – Portfolio Management, Financial Institutions .

This is a full-time position.

The term of this contract will be 2 years.

Panel interviews are anticipated for mid April 2025.

Purpose

The Financial Institutions-EU Division is responsible for transactions with banking counterparts in EU, accession countries and Türkiye. As a Graduate in the Division, you will carry out the regular monitoring of a portfolio of counterparts assigned to you.

Post specific environment

As part of the Bank’s First Line of Defence, PMM monitors counterparts and financial contracts and acts on contractual events under its responsibility, as well as on distressed transactions in order to protect the EIB’s financial interest and reputation.

The CM Department is responsible for the monitoring of financial institutions, corporates, public sector entities and sub-sovereign authorities across all countries, both inside and outside the EU, and plays an active role in the disbursement process (excluding the first disbursement).

The Financial Institutions EU Division is responsible for the financial coverage of the EIB’s financial institutions loan portfolio in the EU, as borrowers, guarantors or underlying risk counterparts, and comprises 3 geographical units: Western Europe and Nordics Unit, Central and Eastern Europe Unit, and South Eastern Unit. The vacancy will be assigned to one of the 3 units in due course.

Operating Network

Reporting to the Head of the allocated Unit, you will interact internally with colleagues most notably in Origination, Legal, Credit, Compliance and Funding as well as in the Joint Middle Office, for Disbursements. With the support and guidance of more senior colleagues, you will also have contact with external counterparts and other transaction stakeholders.

Accountabilities

• Prepare counterparty spread sheets based on an existing template. This encompasses a breakdown of the figures of the counterpart concerned and allows the calculation of financial ratios.
• Carry out, according to an agreed programme, reviews of Counterparts, assess their credit standing and propose internal counterpart ratings and climate ratings.
• Review the contractual clauses of these counterparts to check their compliance, and support colleagues in the follow-up of the related contractual events.
• Propose solutions/remedies or respond to requests from EIB counterparts and participate in their implementation, working with colleagues in other EIB Directorates and with external co-financiers as appropriate.
• Promptly flag any non-compliance contractual event as well as any sign of credit deterioration of selected counterparts, and provide timely comments/updates.
• Monitor and follow-up the repayment of the loans as they fall due.
• Perform ad hoc reviews, if necessary, in response to external market events to ensure that the Bank’s response is timely and appropriate.
• Perform regular or ad hoc KYC due diligences, tax integrity checks and compliance-related tasks.
• Understand and follow on-going developments in the sector and countries of selected counterparts.
• Participate in the disbursement process of the loans, under supervision of and in coordination with the Disbursement Analyst, and promote utilisation of the signed loans.
• Collaborate with other parts of the Bank, in particular with the other Divisions in PMM, to ensure alignment and proper implementation of procedures across the Bank.
• Perform regular checks on Early Warning Signals, providing update of comments, outlook and additional information in view or regular impairment testing.
• Contribute to the Division’s regular reports, in particular Early Warning/Non-Performing Entities’ reports to ensure proper views on EIB’s portfolio and the risks it entails.
• Participate in horizontal tasks in topics of common interest across PMM or other Directorates.
• Contribute to a sustained flow of information internally in the team and offer support/back-up to other colleagues.

Qualifications

• University degree (minimum an equivalent to a Bachelor) preferably in Business Administration, Finance or Economics, and ideally to post-graduate level.
• A maximum 2 years of work experience (excluding internships of less than 9 months) since your most recent graduation.
• Experience of financial analysis and/or credit analysis would be preferred.
• Interest and/or experience in one or more of the financial sectors covered by the geographical scope of the Division would be an advantage.
• Proficiency in MS Office Tools (Word, Excel, Outlook, PowerPoint). Any knowledge of computer programming will be an advantage.
• Excellent knowledge of English and/or French, with a good command of the other. A solid knowledge of French and/or Spanish would be an asset, with German considered an advantage, owing to the geographical portfolio of the Division.

Competencies

Find out more about EIB core competencies here .

To find out more about our eligibility criteria click here .

We hire and value talent with unique characteristics, creating a work environment where they can be themselves. We believe that Diversity, Equity and Inclusion makes us a performing and innovative organisation. 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, disability or neurodiversity.

We strongly invite applicants with a disability, neurodivergent profile or chronic condition to request reasonable accommodations at any stage during the recruitment process. Please contact the EIB Recruitment team at who will ensure that your request is handled.

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

Deadline for applications: 13th March 2024 .

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