The EIB, the European Union"s bank, is seeking to recruit for its Secretariat General (SG), Economic Department (ECON), Country and Financial Sector Analysis (CFSA), Macroeconomic Scenario Unit (MS) at its headquarters in Luxembourg, a (Senior) Economist. This is a full-time position at grade 5/6.
The term of this contract will be 4 years.
The EIB offers fixed-term contracts of up to a maximum of 6 years, according to business needs, with a possibility to convert to a permanent contract, subject to organisational requirements and individual performance.
Panel interviews are anticipated from mid-September 2022.
The Economic Department provides impact-driven economic analysis to support the EIB in its operations, its global positioning and strategy and policy definition, both inside and outside the EU. It comprises three divisions - Economic Studies, Country and Financial Sector Analysis and Policy and Strategy. It is part of the EIB"s Secretariat General, which is responsible for the EIB"s overall strategy formulation.
The Macroeconomic Scenario unit, within the Country and Financial Sector Analysis Division is in charge of developing economic scenarios to be employed in different EIB processes including stress testing and IFRS9.
As an (Senior) Economist, you will apply economic analysis and knowledge to drive, and effectively communicate, recommendations that help shape strategic decision-making of the EIB and to contribute to the policy formulation and dialogue. As part of the Macroeconomic Scenario unit, you will carry out macroeconomic and financial sector analysis related to EU and non–EU economies, work on macroeconomic scenario development and conduct economic analysis on topics with high relevance for EIB. In line with the matrix structure of the department, you will also carry out and other policy and strategy tasks and research tasks.
You will operate in a dynamic and interesting environment, combining diverse tasks such as participating in the appraisal process for lending operations, bringing the macroeconomic and financial sector expertise and focus. You will analyse country risks, work on stress testing, providing essential macroeconomic input and have the opportunity of developing a research agenda on topics of interest. You will be able to leverage your skills and experience in ensuring the Bank meets its policy and regulatory requirements.
The ability to be assertive, diplomatic and gain the confidence of client-facing colleagues is key in being successful in this role.
Working in a group of about 40 economists in the Department and reporting to the Head of Unit, you will communicate directly with Department management and EIB front -line staff, and external counterparts.