The Council of Europe Development Bank (CEB), established in 1956, is a multilateral development bank with a unique social mandate from its 43 member states. The CEB finances investment in social sectors, including education, health and affordable housing, with a focus on the needs of vulnerable people. Borrowers include governments, local and regional authorities, public and private banks, non-profit organisations and others. As a multilateral bank with a triple-A credit rating, the CEB funds itself on the international capital markets. It approves projects according to strict social, environmental and governance criteria, and provides technical assistance. In addition, the CEB receives funds from donors to complement its activities.

The Asset & Liability Management Unit (ALM) is looking for an ALM Financial Analyst to analyse ALM current indicators and simulations, industrialise the production of existing and new indicators, improve bond portfolio analytical metrics, and ameliorate the reporting tools to enhance internal operational and decision-making processes, as well as to optimise the financial results of the Bank.

The ALM Unit is part of the Treasury & Asset and Liability Management Division (FIN-TALM) which defines the CEB’s investment strategy and manages the financial risks. The Division optimises the Bank’s profitability by executing transactions in a wide variety of financial fixed-income products and investment horizons and hedges market risks arising from loans.

Finally, the Finance Directorate (FIN) ensures that the CEB’s financial management preserves its robustness and resilience in the pursuit of its social mandate. FIN provides sustainable financial solutions for CEB’s clients and obtains financial resources at competitive terms through bond issues in the financial markets and investor relations management. The Directorate ensures the adequate liquidity level to cover lending activities and enables the Bank to honour its debt maturities and face unexpected events while generating net profits and continuously strengthening the CEB’s own funds.



KEY RESPONSIBILITIES

• Provide monthly reports and simulations for the decision-making of the financial strategy of the Bank via the Asset and Liability Committee documents.
• Carry out ad-hoc analyses and reports in response to specific requests mainly on subjects involving liquidity, profit and risk indicators.
• Analyse liquidity needs for the drafting of the Borrowing Authorisation.
• Provide analytical data for documents requested by rating agencies.
• Assist Treasury and Funding in multiple day-to-day tasks with simulations and analyses
• Monitor the Contingency Funding Plan (CFP).

• Ensure smooth exchanges with other departments:

• IT: participation in various committees to ensure maintenance and improve data quality and production processes;
• Risk: lead regular discussions on diverse topics, including taking account of prospective collateral movements in liquidity;
• L&D (Loans & Social Development): participate in meetings to update loan disbursement assumptions;
• Legal: take part in discussions concerning official documents, financial policies and regulatory constraints;
• Operational Risks: contribute to providing advice on all the Unit's production processes and participates in CFP tests.

Academic qualifications:

• Advanced University degree (or equivalent), preferably from an Engineering School, in finance or a related field, with advanced training in financial mathematics.

Professional experience:

• At least two years’ proven experience in ALM or in a similar function acquired within the Finance Direction of a public or private bank, an audit firm or a consultancy firm
• Real autonomy in manipulating and managing data
• Strong analytical skills with an ability to interpret data and analyse results
• Excellent knowledge of banking products
• Good knowledge and understanding of finance, financial markets and financial mathematics
• Good judgement in assessing financial risks and results
• Confirmed knowledge of accounting principles and practices
• Experience with derivatives (Front Office, financial risk management) would be an asset

IT / tools skills

• Proficiency with Microsoft Excel, in particular for modelling
• Excellent command of knowledge of MS Office (PowerPoint, Word, graphic displays
• Experience in database administration (if possible in Globus/T24), in IT developments (SQL, VBA …) and also in the configuration of dedicated tools (Moody’s RCO ALM, others) is preferred but not required
• Good knowledge in the use of financial software: Bloomberg is a plus

Language skills:

• Excellent command of one of the two CEB official languages (English and French), both oral and written and knowledge of the other, with a commitment to reach a good working level.
• Knowledge of one or more other Member State language(s) is an asset.

Core competencies:

• Adaptability
• Client Orientation
• Communication
• Innovation
• Result Orientation
• Team Work

 Nationality:

• Citizen of one of the Bank’s Member States: Albania, Andorra, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Holy See, Iceland, Ireland, Italy, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Republic of Moldova, Montenegro, Netherlands, North Macedonia, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Türkiye and Ukraine.

1) The CEB offers an initial 4-year appointment (including a one-year probationary period), with, under certain conditions, the possibility of renewal.

2) Grade and salary:

• A1/A2
• Depending on level of experience, monthly salary range starts between 5 722 € and 7 312 € plus allowances based on eligibility, exempt of French income tax.
• Appointment may be made at a lower grade, based on the qualifications and professional experience of the selected applicant.
• Grades are established without any discrimination (including gender discrimination).

For more information, please consult the CEB Basic Salary Scale in section 5. Benefits of the CEB website.

As an international financial institution, CEB remuneration is exempt of income tax in France. In addition, our offer includes allowances* and medical and personal insurance. Staff members benefit from a contributory pension plan which provides them with either a pension or a leaving allowance.

* Exact benefit package to be determined based on selected candidate’s personal situation:

• basic family allowance
• expatriation
• dependent child supplement
• additional dependent child supplement for a single-parent family
• supplement for a disabled and dependent parent
• supplements for a disabled or severely disabled child
• education allowance (children) for expatriate staff members
• installation allowance and reimbursement of travel and removal expenses

The CEB welcomes the applications of all qualified candidates who are nationals of CEB Member States.

The CEB rigorously applies the principle of equal pay for equivalent work. We are committed to workplace gender equality and strive to ensure the recruitment of suitably qualified and experienced staff without regard to their gender, as well as their age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability. In line with peer international financial institutions, the CEB is EDGE certified (Move level), having demonstrated its commitment to diversity, equity, and inclusion and have been assessed against the highest global standards.

Our selection process includes several steps conducted online, such as digitally recorded interviews, technical assignments and interactive panel interviews.

Applications (CV and cover letter) from CEB Member States candidates should be made in English or French using the Bank's online application system at https://ceb.profils.org before midnight Paris time on 24 September 2024.