Trainee

The European Investment Fund (EIF) is seeking to recruit for its Client Services - Equity - Eligibility Unit at its headquarters in Luxembourg, a Trainee - Equity Eligibility on process automation.

Duration: five (5) months & Starting date: August/ September 2024

Specific Post Environment:

In the context of its Equity activity, EIF provides access to finance to SMEs through private equity and venture capital funds, mainly operating as a fund-of-funds. EIF’s equity activity is funded through both its own share capital as well as funding resources entrusted by third parties to EIF as a manager/advisor (the “Mandates”).

In its capacity as mandate manager/advisor, EIF is under the obligation to carry out ex-ante (for new fund investees) and/or ex-post (for every fund and mandate portfolio) controls on the equity operations, to ensure that the Mandates are effectively and correctly implemented. In that respect, the Investment Compliance and Eligibility Division (ICE) assumes the central responsibility for monitoring eligibility parameters within the EIF, thereby ensuring high quality implementation of the Mandates requirements through the funds supported.

Overall objective:

You will be primarily involved in the maintenance, development and further automation of the internal processes of the Client Services - Equity - Eligibility Unit .

Responsibilities:

Under the guidance of a Senior Officer, the trainee shall contribute to:

• Develop, document and implement improved fund monitoring processes (including fund review of newly invested companies, monitoring of fund Investment Compliance policy as well as monitoring visits) in order to increase automation, ensure they are as lean as possible as well as to build a strong audit trail for all interactions with relevant stakeholders (Fund managers, internally to EIF, Managing Authorities);

• Develop and implement new team dashboards in Tableau in relation to the above activities;

• Automate existing processes and/or improve existed automated processes using Alteryx or other appropriate tools (SQL, Python, RPA, intelligent document processing etc.);

• Document technical aspect of existing tools used by Equity Eligibility Unit;

• Participate to other ongoing initiatives on investment policy monitoring.

Expected outcome:

• Set-up dashboards in Tableau;

• Automate further team processes using Alteryx or other appropriate tools (SQL, Python, RPA, intelligent document processing) in particular with respect to newly invested companies and monitoring visits;

• Draft technical documentation related to internal tools.

Qualifications:

• University degree (minimum bachelor’s degree) in primarily IT, Data Science, Engineering, Finance, or any related subject.

• Relevant first (short-term) professional experience on automating tasks in an administrative or financial environment would be a plus;

Key Requirements:

• Ability to work with spreadsheets and reporting software (Excel, Business Objects, Tableau or others);
• Proven ability to code in SQL, Python would be an advantage;
• Good knowledge of project management principles, methods and practices;
• Good documentation writing skills in English.

Competencies:

• Very strong problem solving and analytical skills;

• Good drafting and synthesis skills;

• Proactivity, capability to work autonomously under given objectives and ability to organise own work effectively even under time pressure;

• Attention to detail.

• Abstract and out-of-the-box thinking;
• Excellent knowledge of English, both oral and written. Knowledge of other EU languages would be an advantage;

• Good interpersonal skills, open-minded and resilient;

Deadline for applications: 1st July 2024

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/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 EIF Recruitment team Recruitment@eif.org who will ensure that your request is handled.

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 for the position 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.

Candidates are informed that pre-employment integrity screening is an integral part of the EIF recruitment process.

• Due to high volume of applications, only candidates selected for interviews will be contacted.