(Senior) Risk Officer

The European Investment Fund (EIF) is seeking a (Senior) Risk Officer for its Model Validation Unit at its headquarters in Luxembourg. The role involves validating EIF-owned models, maintaining model risk management frameworks, and advising stakeholders on model risk management principles.

Responsibilities

• 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.

Requirements

• 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.
• Knowledge of other EU languages would be an advantage.
• Experience in leading complex model reviews independently would be an advantage.
• Exposure to AI model use cases, risks and controls would be an advantage.
• Understanding of EIF business lines and products would be an advantage.

Skills

• Model Risk Management
• Model Validation
• Quantitative Analysis
• Financial Engineering
• Data Science
• Mathematics
• Statistics
• Model Development
• Regulatory Requirements
• Model Risk Frameworks
• AI Model Risk
• Model Review Leadership
• Technical Report Preparation
• English Drafting

Languages

English