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(Associate) Climate Risk Officer
European Investment Bank (EIB)
5/4 Full-time
Job Expired 22 Jul 2022
Posted 1 month ago
Job Description

The EIB, the European Union's bank, is seeking to recruit for its Group Risk & Compliance Directorate (GR&C) – Credit & Climate Risk Department (CCRD) – Climate-related & Environmental Risks Unit (CERU), at its headquarters in Luxembourg, an (Associate) Climate Risk Officer (*). This is a full time position at grade 4/5.

Panel interviews are anticipated for early-mid August 2022.

The term of the contract will be 4 years

The EIB offers fixed-term contracts of up to a maximum of 6 years, according to business needs, with a possibility to convert to a permanent contract, subject to organisational requirements and individual performance.

(*) internal benchmark: (Associate) Officer Credit Risk Management


As a leader in climate finance and climate action and a provider of long-term financing, the EIB aspires to be a frontrunner in climate risk management. As part of its Climate Bank Roadmap, the Bank has developed relevant tools and policies, and is committed to further enhancing and developing its capabilities in this field (with a view to extending from climate to other relevant environmental risks).

The Climate and Environmental Risks Unit (CERU) develops and implements climate-risk related tools, stress testing scenarios and reporting frameworks, driving the inclusion of climate risk into the EIB’s risk appetite statement, credit strategies and capital planning. The Unit follows the newest developments in the areas of climate-related and environmental risks, and participates in projects and/or working groups of horizontal nature, both internally with colleagues across GR&C, as well as in other Directorates, and externally with other banks, specialists and professional associations, in order to share best practices.

As (Associate) Officer, you will contribute to the development and implementation of the risk-related action plans of the EIB Group Climate Bank Roadmap, in coordination with other Directorates, when relevant, and to the assessment and quantification of climate and environmental-related credit risks and their further integration into the credit risk framework


Operating Network

Reporting to the Head of CERU and working under the supervision of more senior colleagues, you will cooperate closely with the other Unit members and have extensive interactions with colleagues in GR&C and other Directorates, such as OPS (front office/origination), PMM (monitoring), PJ (in charge of technical, economic and environmental assessment at project level), and ECON (in charge of macroeconomic and sovereign analyses).


  • Maintain and enhance the existing climate risk models (which assess physical and transition risk at counterparty level)
  • Contribute to the development of environmental risk models
  • Oversees the accuracy of climate and environmental risk data input into the systems, perform statistical analyses as needed
  • Maintain and enhance the climate risk reporting framework
  • Participate in the design, improvement and/or implementation of a climate risk stress testing framework
  • Follow the regulatory/supervisory developments and best banking practice and contribute to defining the team’s strategy to comply with it
  • Develop and improve the procedures, support and control systems, IT systems, methodologies and working tools in relation to the GR&C’s contribution to the Climate Bank Roadmap.


  • University degree, preferably in a quantitative/relevant subject. Post-graduate education and/or professional certification in a quantitative discipline and/or climate/environmental field would be a definite advantage
  • At least 3 years of relevant professional experience, risk management/modelling, credit/financial analysis, banking supervision, or climate and environmental risk/ economics
  • Experience in working with credit risk and/or ESG related data, including managing large datasets and performing statistical analysis. Knowledge of Stata and SAS would be an asset)
  • Good understanding of credit risk
  • Strong IT/coding skills (with a preference for Python and VBA)
  • Familiarity with specialised software and data sources as related to credit risk modelling (e.g. Moody’s DRD, Moody’s Financial Metrics, S&P Capital IQ, BvD Orbis) is considered an asset
  • Excellent knowledge of English and/or French*, with a good knowledge of the other.


Find out more about EIB core competencies here

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in French. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of French and accept that their future career in the EIB may be subject to the attainment of sufficient proficiency in both of the Bank's working languages.

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 Recruitment team 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: 22nd July 2022


This job is no longer available.