Quantitative Financial Risk Officer - 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, is seeking to recruit for its Group Risk & Compliance Directorate (GR&C), Group Financial Risk Department (GFIN), ALM & Market Risk Division (ALM), Quantitative Model Implementation Unit (QMI), at its headquarters in Luxembourg, a Quantitative Financial Risk Officer* .

This is a full-time position at grade 5 for which the EIB offers a permanent contract.

Internal benchmark Officer Financial Risk Management.

Panel interviews are anticipated for June 2026.

Purpose

You will design, implement, test, document and adjust when needed quantitative models in domains relevant to the ALM and Market Risk Division, in line with the Bank’s financial risk policies and relevant best banking practices, regulations and EIBG’s evolving business requirements. You will provide financial engineering expertise and support to model users from inside and outside the division.

Operating Network

You will report to the Head of the Quantitative Model Implementation Unit and work closely with colleagues from across the Bank (Risk Management, Finance, Financial Control, Corporate Services, and, as the case may be, Internal Audit). You will also interact externally with consultancy and software development firms for risk management and data matters.

Accountabilities

Take the lead in designing, prototyping, implementing, testing, documenting and adjusting or enhancing when needed quantitative models in domains relevant for the division or for other stakeholders such as FI, CFC and PMM. Such models may, for example, cover areas such as:

• Interest Rate Risk in the Banking Book (including all market risk models)
• Interest Rate Risk Strategy and Interest Rate Risk Appetite
• Net Funding Result
• Pension Risk Modelling
• Funds Transfer Pricing and its sub-components
• Loan Pricing
• Stress Testing
• ICAAP related calculations
• Long-Term Funding Strategy
• Operational Planning

The Tasks Will Concretely Relate To

• Designing the quantitative models in collaboration with colleagues from the division and steering the implementation of all required technical functionalities
• Creating smart specifications for the software vendors, by building prototype models for future integration by the vendors or by performing in-house developments directly
• Testing and documenting the model implementations
• Contribute to the ongoing consolidation of risk management models and tools into a single financial risk platform
• Respond to ad-hoc/non-recurrent demands, as selected by the Heads of Unit and Division, including new initiatives/policies related to the content of the post when needed
• Provide financial engineering expertise and support to colleagues inside and outside the division

Qualifications

• University degree (minimum an equivalent to a Bachelor) preferably in a quantitative field. Post-graduate studies in these subjects would be an advantage
• Minimum 5 years of relevant professional experience in ALM or Financial/Market Risk Management, including experience in a quantitative and financial modelling role (for example yield curve modelling, risk / sensitivity calculations, net interest income simulations, transfer-pricing systems or capital allocation models)
• Hands‑on experience in designing and implementing financial or risk models, e.g. design and implementation of pricing libraries, risk applications or ALM calculation and projection tools
• Hands‑on experience with at least one object‑oriented programming language, e.g. C#, C++ or Python
• Excellent knowledge of English and/or French (***), with a good command of the other. Knowledge of other EU languages would be an advantage

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.

If you require reasonable accommodation during the recruitment process due to a disability, neurodivergence, or a chronic health condition, please contact the EIB Recruitment team at who will manage your request appropriately.

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: 11th May 2026