(Senior) Credit Risk Officer

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

*Internal benchmark: (Senior) Officer

Panel interviews via videoconference are anticipated for 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

You will report to the Head of the Credit Risk Unit within the Transaction & Mandate Risk Division (T&MR), part of the Risk Office. As a member of the second line of defence, you will work closely with colleagues across the Risk Office and maintain regular interaction with the Investment Office, Legal Services, Portfolio and Mandate Management as well as other business functions involved in the origination, approval, monitoring and management of EIF transactions. This role offers broad exposure to a wide range of stakeholders and governance processes across the organisation.

Responsibilities

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

• Support the development, back-testing and integration of the BMvX project from a user perspective.

• Review and approve transactions, providing risk assessments and expert opinions.

• Conduct counterparty due diligence.

• Review all relevant legal documentation to ensure alignment with internal standards.

• Provide expert advice and recommend risk mitigation measures related to transaction structure, documentation, portfolio and data quality.

• Use credit risk models to evaluate the financial risk associated with specific transactions or mandates, including scenario analysis and quantitative financial assessment.

• Analyse quantitative and conceptual problems, collect and interpret data, and communicate data-driven insights and conclusions.

• Oversee the progression of transactions from approval to signature, ensuring all risk aspects are addressed.

• Conduct detailed analyses of new transactions, evaluate their suitability and alignment with mandates and organisational goals, and identify financial, credit, operational and other potential risks.

Qualifications

• At least 3 (three) years of post-graduation (after having obtained your initial university diploma) relevant professional experience at the same level of responsibility, including hands-on involvement, in quantitative analysis, forecasting, modelling, scenario analysis, project management or other analytical problem-solving activities in the financial field.

• University degree, preferably in a quantitative field like Mathematics, Physics, Science, Economics or Finance.

• Confident use of Excel at an advanced level.

• Familiarity with tools like SQL, Python, or VBA would be an advantage.

• Experience in analysis of Securitisations, SME debt portfolios, RMBS (Residential Mortgage-Backed Securities), structured finance or project finance.

• Fluent spoken and written English as well as excellent drafting skills are essential for the role; working knowledge/fluency in other EU languages would be an advantage.

• Understanding of the EIF’s operational framework is an advantage.

Behavioural Skills

Find out more about EIBG core behavioural skills here Link

Additional role specific behavioural skills:

• 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.

• Demonstrates Self-Awareness: Reflects on activities and impact on others; Proactively seeks feedback without being defensive; Is open to criticism and talking about shortcomings; Admits mistakes and gains insight from experiences; Knows strengths, weaknesses, opportunities and limits.

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• Self-Development: Shows personal commitment and takes action to continuously improve; Accepts assignments that broaden capabilities; Learns from new experiences, from others and from structured learning; Makes the most of available development resources.

• Optimizes Work Processes: Identifies and creates the processes necessary to get work done; Separates and combines activities into efficient workflow; Designs processes and procedures that allow managing from a distance; Seeks ways to improve processes, from small tweaks to complete reengineering.

Technical Skills

• Independent Review: Ability to deliver well-documented, objective written opinions on proposed transactions and mandates by conducting thorough credit and financial analyses. This includes critically reviewing and quality-proofing transactions and mandates proposals, identifying key issues, and advising senior management to ensure informed decision-making and adherence to organizational standards.

• Due Diligence Process: Ability to assess the expertise, processes and procedures of third parties in the context of the assessment of debt transactions, including, inter alia, operational aspects, mandate implementation and risk matters.

• Risk Mitigation Advisory: Ability to provide expert advice and proposed mitigating measures (recommendations or conditions precedent) on a wide range of risk related matters related to the structure, documentation, portfolio or data quality of the transactions.

• Risk Model User: Ability to use and adapt risk models to evaluate the financial risk associated with specific transactions or mandates. This includes deriving the relevant inputs of the model, running different scenarios and sensitivities as well as changing structural features and interpreting the model results. It requires using quantitative models and financial analysis.

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• Analytical Skills: Ability to review quantitative or conceptual problems or situations, collect data and apply scientific methods to analyse it. Ability to identify the most significant data points and themes, communicate data insights and draw data-driven conclusions.

• Transaction and Mandate Risk Support: Ability to support the mandate risk team in the development of mandates and surveillance. It involves assessing alignment of mandate structure, requirements and expectations with current products and market situation from the transactions point of view, and providing insights to uphold portfolio objectives, while ensuring compliance with both internal and external requirements.

Deadline for applications: 20 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.