EIB Trainee - Finance Directorate - Financial Engineering and Advisory Services Division - based in Luxembourg

Apply for the EIB Trainee - Finance Directorate - Financial Engineering and Advisory Services Division - 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.

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

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

Objective of the traineeship

To help close the following recommendations:

• R-5852-32 Quantification and monitoring of methodological assumptions made in the yield curve framework.
• R-8553-8 Add the stakeholders DER and MDM- in the FEAS market instrument sign‑off.
• R-6456-16 Model Performance Monitoring: Unit and regression tests.
• R-5852-27 Clarify convexity adjustment calculation and develop capabilities to calculate convexity adjustment on individual loan level.
• R-6456-9 Model performance monitoring: User instruction of input control.

Responsibilities

• Close the recommendations related to model monitoring and document the tasks.
• Benchmark curves used for loan valuation against market standards such as Reuters or Bloomberg.
• Review market instrument conventions and automate convention retrieval from the Golden Source.
• Compare existing calibration instruments with those from the previous year, identify changes and reasons.
• Review and update the set of market instruments used for calibration.
• Automate convention retrieval from Golden Source for new instruments.
• Calculate convexity adjustments given a theoretical framework and contribute to implementation at deal level.
• Quantify methodological assumptions in the yield curve framework and perform tests to estimate the impact of various assumptions within the loan pricing methodology.

Academic Qualifications And Professional Skills

• Quantitative analyst profile: Final year of studies or University degree in mathematics, physics, engineering, data science, computer science, quantitative finance.
• Programming skills (mainly Python language).
• Finance knowledge will be a plus.
• Excellent knowledge of written and spoken English.

Competencies: 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. If selected, you agree to comply with all measures, policies, controls, document classification and management implemented by the EIB Group to prevent unauthorized disclosure of any information or any damage to the EIB Group reputation.

We are an equal opportunities employer and encourage all suitably qualified and eligible candidates to apply regardless of gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation/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.

Application deadline: November 18th 2025.

More information on our EIB Traineeship Programme and Provisions for In‑service training can be consulted on our EIB website: https://www.eib.org/en/about/careers/categories/traineeship-and-graduate.htm