The EIB, the European Union's bank, is seeking to recruit for its Projects Directorate (PJ) - Innovation and Competitiveness Department (INCO) - Digital Economy Division (DIGITAL), at its headquarters in Luxembourg, a Project Economist(s).
This is a full time position at grade 4/5
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.
PJ provides advice and independent opinions to the EIB's decision makers on the quality and risks of investment projects. It plays an important role in advising promoters on the development and implementation of projects either directly or through external consultants. PJ is also involved in policy formulation for the EIB to respond to EU policies.
The Economist assesses, within multi-disciplinary teams, the viability of investment projects and programmes in particular related to initiatives on SME/Skills and Jobs in all countries where the Bank operates, in accordance with the Bank's and PJ procedures.
Within the Digital Economy, which covers the ICT industries, service industries, intermediated lending activities to SME and Mid-Caps as well as the Bank's initiative on Skills and Jobs for Youth, the economist will focus in particular, but not exclusively on intermediated financing activities. The Division supports and actively develops the Bank's strategy with respect to the Innovation and Skills COP Objective. Jobs effects induced by SMEs and Mid-Caps have become a prime reason of the support for projects in the intermediated lending business. Increased focus will also be put on the role of this for issues related to youth unemployment and integration of refugees, in the context of the current economic adjustment process in a number of Member Countries and also countries under Mandates. Special focus will be devoted in analysing the reporting structure of intermediated financing with respect to these goals.
The Economist will report to the Head of the Digital Economy and work in close contact with the other professional staff of the Innovation and Competitiveness Department, the other PJ Departments and Bank staff, notably those participating in the Lending Operations. Extensive travel may be required including outside the EU.
The Project Economist will evaluate the economic aspect of the Bank's lending operations and the operation environment for pursuing the relevant policy goals. The economist will also be expected to promote the understanding of the main issues and challenges of the SME and Mid-Cap sector to key decision makers in the Bank and to present the Bank's contribution to the interested outside world, including the European Commission and other international bodies and peer groups concerned with the sector. As part of a multi-disciplinary team and in particular liaising with the Department's other expert staff, the duties of the project economist will be:
(*) 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.
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