(Senior) Risk Officernew

EIF Posting

The European Investment Fund (EIF) is seeking to recruit for its Risk Office (RO) – Model Validation Unit at its headquarters in Luxembourg, a (Senior) Risk Officer *. This is a full-time position at grade 5/4 for which the EIF offers a permanent contract. 

*Internal benchmark: (Senior) Officer   

Panel interviews via videoconference are anticipated for November/December 2026

Purpose

Part of the EIB Group, the mission of the European Investment Fund (EIF) is to improve access to finance for SMEs and small mid-caps in Europe. We do this by supporting emerging and established fund managers with equity investments and by designing debt financing instruments that share the risk taken by financial institutions when they lend to or invest in small businesses. We bring this support closer to entrepreneurs through our extensive network of partners and financial intermediaries in all EU Member States and associated countries.

Operating network 

The Model Validation Unit undertakes the validation of EIF models and administrates the model risk management framework under the umbrella of the EIB Group model risk management policy. The Unit cooperates with model stakeholders across all services with Risk Office, Investment Office and the Finance & Strategy Office being the primary partners alongside the EIB model risk and validation teams. The Model Validation Unit is independent of other risk functions reporting directly to the EIF CRO.

Responsibilities 

At a level commensurate with your experience and seniority, you will:

• Validate EIF-owned models, prepare validation reports, and monitor the implementation of recommendations and remediation actions.

• Maintain, develop, and implement model risk policies, standards, guidelines, and procedures to ensure a robust model risk management framework.

• Organise model risk governance committees, coordinate meetings, and follow up on agreed action items.

• Prepare and present model risk reports to senior management and other key stakeholders.

• Advise and train EIF stakeholders on model risk management principles, policies, and best practices.

Qualifications 

• University degree, preferably at postgraduate level, in Financial Engineering, Computer Science, Data Science, Mathematics, Statistics, Engineering, or related fields.

• At least 3 (three) years of post-graduation (after having obtained your initial university diploma) relevant professional experience at the same level of responsibility on assignments related to model risk, validation, development or quantitative analysis. Academic experience and/or experience gained during a PhD or equivalent qualification can be considered relevant.

• Experience of model risk management principles and regulatory requirements.

• Excellent knowledge of English, both oral and written, with good drafting skills. 

 

The following qualifications would be an advantage:

• Knowledge of other EU languages.

• Experience in leading complex model reviews independently.

• Exposure to AI model use cases, risks and controls.

• Understanding of EIF business lines and products.

Behavioural Skills

Find out more about EIBG core behavioural skills here: Link

Additional role specific behavioural skills:

• Manages Complexity: Asks the right questions to accurately analyze situations; Acquires data from multiple and diverse sources when solving problems; Uncovers root causes to difficult problems; Evaluates pros and cons, risks and benefits of different solution options. 

• Action Oriented: Readily takes action on challenges, without unnecessary planning; Identifies and seizes new opportunities; Displays a can-do attitude in good and bad times; Steps up to handle tough issues.

• Communicates effectively: Is effective in a variety of communication settings: one-on-one, small and large groups, or among diverse styles and position levels; Attentively listens to others; Adjusts to fit the audience and the message; Provides timely and helpful information to others across the organisation; Encourages the open expression of diverse ideas and opinions.

• Tech Savvy: Anticipates the impact of emerging technologies and makes adjustments; Scans the environment for new technical skills, knowledge or capabilities that can benefit business or personal performance; Rejects low-impact or fad technologies; Readily learns and adopts new technologies.

Technical Skills

• Model Testing: Ability to replicate models or build challenger models quickly. Ability to develop and implement a testing strategy and testing plan including testing of inputs, outputs, implementation and system components as well as security, stress, load, performance, usability, documentation and disaster recovery.

• Model Risk Management: Ability to perform validations on models built to assess and quantify a wide range of risks (credit risk models, IRRBB, liquidity, stress testing, fund transfer pricing etc.) and analyse and determine the accuracy of such models and design controls.

• Risk Reporting: Ability to build and maintain a relevant, robust and reliable risk reporting framework, demonstrating knowledge of Bank's databases and data aggregation systems.

• Software Development: Knowledge of tools and programming languages for developing applications. Uses knowledge of programming languages to code, test, debug from supplied specifications in the language (e.g. C#, SQL, HTML, JAVA, .NET, VBA, Python, R, Matlab, SAS).

 

The following skills would be an advantage:

• Project Management: Ability to manage projects, according to the agreed project plan, ensuring timely and high-quality delivery of the projects. Ensure agreed project deliverables and outcomes are met.

• Archiving and Process Improvement:  Ability to ensure proper archiving of documents and data in compliance with relevant policies, while actively contributing to the development and implementation of improvements to archiving processes and systems.

Deadline for applications: 12 November 2026

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 EIF Recruitment team (Recruitment@eif.org) 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 unauthorized disclosure of any information or any damage to the EIB Group reputation.

Candidates are informed that pre-employment integrity screening is an integral part of the EIF recruitment process.