Full TimeENEurope
Deadline for application: 6 April 2026. We are looking for someone with solid foundation in market risk and reporting to join the Risk Management division as a Risk Officer. You will support the risk monitoring and reporting processes for the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF), contribute to the smooth daily functioning of risk analytical solutions, and assist in maintaining the accuracy and reliability of market risk metrics.
You will work under the guidance of the Lead Officer for the Market Risk & Reporting team and report to the Head of Risk Management.
KEY ACCOUNTABILITIES
Actively support the development and implementation of new risk systems by designing and documenting risk data models, coordinating with stakeholders and developers, translating requirements into technical solutions, performing functional testing, and contributing to future development phases.
Assist with the closure of open audit points and help investigate alternative market and liquidity risk models.
Monitor the ESM/EFSF portfolio, new trades, and risk metrics to ensure compliance with rules and guidelines.
Investigate and provide feedback to stakeholders on changes in market risk measurements.
Execute daily quality checks on input data used for risk monitoring and reporting.
Contribute to the production, analysis, validation and distribution of risk reports for internal and external committees, including the ESM Management Board and Board of Directors.
Help maintain Risk Management’s data architecture through liaisons with relevant stakeholders for the proper functioning of interfaces amongst the data source systems, the risk analytical solutions, and the reporting solutions.
Participate in cross departmental activities and projects.
Promote a risk culture and ensure good collaboration with other divisions.
KEY BACKGROUND & EXPERIENCE
University degree in economics, finance, risk management, business administration, mathematics, engineering, or equivalent
Minimum of two years of relevant experience in risk management preferably in an international financial institution or other relevant public institution, including proven experience in the following:
Quantitative and market risk background related to fixed-income risk management and valuations
Theoretical and practical implementation of diverse Value at Risk models (Historical, Parametric, Monte Carlo, GARCH)
Risk reporting
Programming in VBA and/or Python
Drafting ability in theoretical and methodological documentation, including working papers on risk models and quantitative concepts
Capacity to present complex risk analyses to committees in a clear and structured manner
Microsoft Office skills (Excel, PowerPoint, Word, PowerBI)
Front office and risk management software experience (e.g., MSCI Risk Manager, Murex) is desirable
Fluency in English, both oral and written required, any additional languages are an asset
KEY COMPETENCIES
Analytical and problem-solving skills
Communication and interpersonal skills
Teamwork and collaboration oriented
Resilient, flexible, and adaptable
Continuous learning mindset
Integrity, inclusivity, and respect for diversity
APPLICATION PROCESS AND PRACTICAL INFORMATION
The ESM aims to provide equal opportunity to all candidates irrespective of their gender, nationality, age, race, culture, education, religious beliefs, sexual orientation, or disability. To further enhance the diversity of our workforce, we particularly encourage women to apply.
Note 1: The ESM reserves the right to refrain from hiring, or to slightly modify job responsibilities, as needed.
Note 2: As a result of the selection process, please note that you may be placed on a ‘reserve list’ valid for a duration of six months during which you might be considered for a similar position with a similar level of requirements. Only those candidates who have been notified will be placed on the ‘reserve list.’ After this period, you will need to apply again for our vacancies to be considered for a different selection process.
