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 Directorate for Risk & Control (R&C) promotes a strong risk and control culture across the Bank. R&C ensures the Bank’s financial stability by identifying, evaluating, monitoring and reporting all risks across the Bank. R&C also prepares and manages the Bank’s budget and establishes the financial statements. Finally, the Directorate supports transparency and effective control by regularly providing various financial reports to the CEB’s governing bodies, external auditors and the Auditing Board.

The Market Risk and Capital Management Unit is looking for a quantitative analyst to provide expert advice and services on capital management and market risk assessment. He/she will notably be involved in the team's capital, credit and market risk modelling missions. He/she will report to the Head of the Market Risk and Capital Management Unit and work in close collaboration with colleagues in the R&C Directorate.

KEY RESPONSIBILITIES

Capital adequacy assessment

• Assess capital adequacy using internal, regulatory and rating agency approaches.
• Take ownership of CEB economic capital model for credit and market risk; participate in the operational implementation; benchmark the model; improve the methodologies in line with best practices; prepare comprehensive reports and ensure their accuracy and clarity.
• Define internal stress tests and measure their impact on capital and liquidity risk indicators.
• Contribute to the capital planning process.

Credit provisioning

• Take ownership of CEB credit risk provisioning model; participate in the operational implementation; benchmark the model; improve the methodologies in line with best practices or IFRS 9 guidelines.
• Prepare comprehensive reports and ensure their accuracy and clarity.

Provision for post-employment benefits

• Take ownership of CEB internal model for valuing CEB pension benefit obligation; participate in the operational implementation; benchmark the model; improve the methodologies in line with best practices and IAS 19 guidelines.
• Prepare comprehensive reports and ensure their accuracy and clarity.

Other

• Contribute to the fair value measurement of derivatives; analyse the impacts on the P&L after taking account of hedge accounting under IFRS 9; contribute to the calculation of IFRS 13 valuation adjustments and reserves (credit valuation adjustment (CVA), exit price reserves, etc.).
• Contribute to the calculation of market and liquidity risk indicators; keep up-to-date with regulatory changes; recommend improvements to CEB market and liquidity risk management framework.

Academic qualifications:

• Master’s degree, or equivalent, in a quantitative field such as mathematics, physics, engineering, computer science, or related field.

Professional experience:

• Minimum 2-3 years’ relevant work experience in a quantitative environment, gained in an investment bank, consulting firm, or multilateral development bank.
• Strong knowledge of financial mathematics, statistics, and numerical methods.
• Strong programming skills in R or other languages (C++/C#, Python, MATLAB, etc), with implementation experience in the development of analytical libraries.
• Knowledge of quantitative credit risk techniques is an advantage.

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) Initial 4-years contract (including a one-year probationary period) with the possibility of renewal one or more times up to six years and of conversion into an indefinite-term contract.

2) Grade and salary:

• A1-A2
• Depending on level of experience, monthly salary starts between 5,882 € and 7,517 € 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 16 March 2025.