EIB Trainee - Group Risk & Compliance Directorate – Model Maintenance & Monitoring Unit – based in Luxembourg

Join to apply for the EIB Trainee – Group Risk & Compliance Directorate – Model Maintenance & Monitoring Unit – based in Luxembourg role at European Investment Bank (EIB).

This position is based at our Luxembourg headquarters and requires regular office presence. The EIB offers you the opportunity to live and work in a truly international and multi‑cultural environment.

The EIB, the European Unions bank, is recruiting for its Group Risk & Compliance Directorate (GR&C‑RM) – Regulation & EIB Group Risk Department (GREG) – EIB Group Internal Modelling Division (IM) – Model Maintenance & Monitoring Unit (MMU) at its headquarters in Luxembourg.

Duration: 5 months (fixed start date: 1st March 2026). With possible extension up to 6 months if required by University.

Please note that, as marked on our Webpage, only applications from nationals of the Member States of the European Union, as well as citizens from countries that have been officially granted candidate status to join the EU (Albania, Bosnia and Herzegovina, Georgia, Moldova, Montenegro, North Macedonia, Serbia, Turkey and Ukraine), can be considered.

Candidates whose Erasmus+ programme overlaps with the duration of the traineeship will not be considered.

Please note that you are requested to limit your applications to a maximum of three traineeship publications. We will only consider and retain the first three applications submitted.

Role

The primary role of the successful candidate is to support the enhancement of the model monitoring framework to cover recent model changes, including:

• The New rating models for Corporates, Financial Institutions, Public Sector Entities
• The New PD masterscale
• The New Public LGD model
• The extension of LGD models for EU-CRG into the non‑EU CRG segments

More specifically, you will work under the guidance of your supervisor in collaboration with other members of the Unit, providing support for the monitoring framework enhancements in the areas of data collection, manipulation, cleaning, statistical analysis, code implementation and report generation plus detailed documentation of these tasks.

Responsibilities

• Coding of Python scripts for data collection, manipulation, statistical analysis and automated report generation
• Migration of existing R, SAS and VBA scripts to Python
• Preparation of reports and presentations in the areas of model performance testing and oversight
• Support of drafting solution designs
• Documentation of the results, the analyses and the different data collection/cleaning steps so that a third party may replicate the exercise

Academic Qualifications and Professional Skills

• Final year of studies or University degree in a quantitative field such as Mathematics, Statistics, Data Science, Physics, Economics or Finance.
• Knowledge of risk management concepts and credit risk modelling would be considered an asset.
• Proficiency in Python and SQL. Knowledge of R, SAS and VBA would be considered an asset.
• Statistical analysis of data (statistical testing, linear regression analysis, model selection, data mining, graphical presentation of data)
• Good knowledge of standard Microsoft Office tools (particularly Word, Excel, and PowerPoint)
• Excellent knowledge of written and spoken English. Knowledge of another EU language would be an advantage.

Find out more about EIB core competencies here.

By applying for this position, you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection you agree to comply with all measures (policies, controls, document classification and management) implemented to prevent unauthorized disclosure of any information or damage to the EIB Group’s reputation.

We are an equal opportunities employer who believes that diversity is good for our people and our business. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity or expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation or identity, disability or neurodiversity.

Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIB Traineeship Recruitment team hr_traineeship_recruitment@eib.org who will ensure that your request is handled.

Your application may be used for another campaign.

Please note that the deadline for application is on November 18th, 2025. More information on our EIB Traineeship Programme and provisions for in‑service training can be consulted on the EIB website: https://www.eib.org/en/about/careers/categories/traineeship-and-graduate.htm