Opportunity

Head of Treasury Portfolio Management Division

Boulevard konrad Adenauer, Luxembourg
Sidney Moss
Role managed by
Sidney Moss

About the European Investment Bank

The European Investment Bank (EIB) is the financing institution of the European Union. Created by the Treaty of Rome, its shareholders are the member states of the European Union, and its Board of Governors is composed of the finance ministers of these states. The EIB enjoys its own legal personality and financial autonomy within the community system.

The mission of the EIB is to contribute, by financing sound investment, to the policy objectives of the European Union, as laid down in its statutes and in the decisions of the European Council.

The EIB contributes towards the integration, balanced development and economic and social cohesion of the members of the European Union. To this end, it raises on the markets substantial volumes of funds that direct on the most favourable terms towards financing capital projects according with the objectives of the union. Outside the union, the EIB implements the financial components of agreements concluded under European development aid and cooperation policies.

The European Investment Bank targets four priority areas in support of growth and job creation: innovation and skills, SMEs, climate action and strategic infrastructure across the EU.

To ensure maximum impact, the EIB lends to sound projects, combining EU funds with its loans and advising on technical and financial aspects.

The EIB is supporting Europe’s economic recovery by implementing the European Fund for Strategic Investments (EFSI). By the end of 2018, the EIB Group had approves EUR 70.4 billion in financing for EFSI and mobilised EUR 375.5 billion in investment.

The EIB’s activities around the world reflect EU external priorities. The EIB is active mainly in the pre-accession countries and eastern and southern neighbours. The EIB also operates in African, Caribbean and Pacific countries, Asia and Latin America, supporting local private sector development, social and economic infrastructure and climate action projects.

You can find further details on their website, www.eib.org.

Head of Treasury Portfolio Management Division

The EIB is currently seeking an exceptional candidate to undertake the position of Head of Treasury Portfolio Management Division. The Head of Treasury Portfolio Management Division sits within the leadership team of the Treasury Department within our Finance Directorate. Reporting to the Head of the Treasury Department, s/he will closely cooperate with the other Divisions of the Treasury, and with colleagues across the Finance Directorate, as well as with counterparts in the Legal, Risk Management and Financial Control functions of the Bank. Externally, s/he will represent the Treasury Portfolio Management team in the financial markets and develop relationships with the Bank’s counterparties. This position plays an integral role in leading a successful and dynamic team in achieving the Division and Department’s strategic and business priority goals, thus contributing to the success of the EIB’s mission, values and objectives.

The Head of Treasury Portfolio Management Division will be critical in ensuring the Treasury Department contributes to the achievement of the strong liquidity resilience of the EU Bank, by leading the Treasury Portfolio Management team. The Treasury Portfolio Management team is responsible for the investment strategy and implementation of the Bank’s long-term liquidity buffers through effective asset management according to the given risk appetite of EIB. The team is also responsible for managing the financial assets of third parties as required, and proposing and negotiating appropriate investment strategies and guidelines, together with their effective implementation and follow-up.

Based in the dealing room of our Treasury, s/he must be comfortable working in a very dynamic and proactive environment, and able to resist pressures from the financial markets with an impact on the Bank’s positions and portfolio valuations, and thus exposing the team to a high level of internal and external scrutiny. Hence, stress resilience is a key requirement. The core focus of this role will be to ensure a high level of team engagement and motivation through leadership and charisma aiming at contributing to the Treasury Department’s performance as one of the key ingredients in the Bank’s success.

Duties and Responsibilities

The Head of Treasury Portfolio Management Division will have the following key responsibilities:

People management in the Division

  • Inspire the team to achieve their own and the organisation’s mission, communicate a clear sense of purpose for the team, and generate enthusiasm and confidence.
  • Empower the team to perform their best and model desired behaviours.
  • Ensure that the staff within your Division has the right skills and competencies, aims and motivation to realise the formulated strategy, objectives and policies.
  • Make recommendations on recruitment and development of staff within the Division.

Strategy and policy development within Portfolio Management

  • Develop a strategy and policy for the Portfolio Management activity, for both the Bank’s own resources and third-party money, with regard to medium- and long-term investments.
  • Chair the Portfolio Investment Committee and the Third-party Mandate Committee.

Strategy and policy implementation for Management

  • Establish (in cooperation with the Head of Department) and handle the resources and means to implement the strategy and policies in the most effective and efficient way.
  • Define, negotiate and lead the implementation of service legal agreements with external providers.

Intervention in the execution of Portfolio Management process

  • Supervise and intervene when necessary in the execution of key area processes to efficiently manage liquidity, minimise risk and maximise return on portfolio activities and ensure a consistent application of policies.
  • Manage relationships with key external counterparties to enable efficient completion of portfolio management processes.

Required Competencies

Core competencies

  • Achievement drive: Continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short- and long-term goals.
  • Change orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
  • Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
  • Organisational commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation’s needs and intrinsic values, acting with integrity in ways that promote the organisation’s mission, policies and rules.

Managerial competencies

  • Developing others: Builds the long-term capability of others by guiding and developing them to make the most of their competence and potential, based on an accurate understanding of their true strengths and development needs.
  • Strategic thinking: Thinks about the long-term organisation strategy and how to align to and implement it; comes up with useful new strategic insights.
  • Team leadership: Builds a high-performing team, ensuring it is focused, motivated and inspired to achieve organisational objectives, encouraging performance excellence and addressing underperformance when required.

Qualifications and Experience

  • University degree, preferably in Finance, Economics or a Quantitative subject. Postgraduate or professional qualifications (such as CFA) would be an advantage.
  • At least ten years’ relevant professional experience gained in a portfolio management environment (public sector experience would be an asset).
  • Significant experience of managing and coaching staff, ideally in multicultural environments or international organisations (for example, contribution to: determining team resources and skills; establishing objectives; assessing performance; delegating and supervising tasks; guiding, motivating, coaching and providing feedback).
  • Deep knowledge of Interest Rate Financial Markets and Instruments.
  • Proven track record in the development of strategy and management.
  • Ability to intervene in Information Systems process related issues.
  • Good command of all MS Office tools.
  • Fluent in English and/or French and a solid understanding of the other (*). Working knowledge of other EU languages would be an advantage.

(*) 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.

 

How to Apply

If you wish to be considered for this position, please forward a copy of your CV and a supporting letter in Microsoft Word format, along with any relevant documentation to  Sidney Moss at [email protected] on or before 16 January, 2020.  All information will be in the strictest confidence as we pride ourselves on our professional service.  We will revert to you as soon as feasible when we have reviewed your application.

EIB is dedicated towards having a diverse and inclusive workforce environment and providing equal opportunities for everyone. We highly encourage applications from qualified female candidates who are nationals of countries within the European Union.

SRI Executive is exclusively retained by EIB to undertake this assignment.

Application form