Middle Office Officer – Quantitative analytics and process automation

Deadline for application: 20 November 2026. We are looking for someone to join the Middle Office team within the Middle and Back Office division. You will contribute to the team’s day-to-day activities and provide technical expertise in quantitative analytics, databases, process automation, and in-house applications. The role combines core middle office responsibilities with the development and enhancement of analytical tools and automated solutions supporting portfolio activities, risk monitoring, controls, and reporting. You will report to the Head of Middle and Back Office and Portfolio Performance.

KEY ACCOUNTABILITIES

Middle office operations

• Validate, monitor, and control financial transactions entered by the investment, funding, and lending front offices before downstream processing and settlement.
• Configure financial products and static data and maintain market data in relevant financial systems.
• Perform daily controls, reconciliations, and operational monitoring across fixed-income, money-market, foreign-exchange, derivatives, and collateral management activities.
• Ensure compliance with internal guidelines, limits, and operational control requirements.
• Contribute to portfolio performance and risk monitoring, as well as related management reporting.
• Perform valuation of financial products and assist with the regulatory reporting of transactions.

Data analytics, systems and automation

• Maintain and enhance existing databases, analytical models, and reporting solutions used by the Middle Office team.
• Develop and improve in-house applications and tools using Python and Microsoft VBA.
• Design automated controls and workflows to improve operational efficiency and reduce manual processes.
• Develop and maintain dashboards and data-driven solutions for portfolio monitoring and reporting.
• Analyse financial datasets and translate the results into meaningful insights for internal stakeholders.

Projects and continuous improvement

• Contribute to projects and initiatives related to new financial products, processes, systems, and regulatory requirements.
• Gather business requirements, perform testing, and support implementation activities.
• Collaborate closely with front office, back office, risk management, and IT colleagues on system enhancements and process improvements.
• Evaluate emerging artificial intelligence tools, platforms, and models to identify practical applications.

KEY BACKGROUND & EXPERIENCE

• Master’s degree in finance, economics, computer science, engineering, mathematics, data science, or another discipline relevant to the role.
• Ideally up to three years of relevant professional experience, preferably in middle office, treasury, risk management, or a comparable financial function.
• Good understanding of financial products, particularly fixed-income instruments.
• Knowledge of derivatives, foreign-exchange products, valuation, and collateral management would be an asset.
• Advanced programming skills in Python. Practical experience with Microsoft VBA would be considered an asset.
• Experience in developing, maintaining, and enhancing databases, analytical applications, and reporting tools.
• Strong data analysis skills, including data modelling, automation, and process optimisation.
• Experience with SQL, Power BI, and DAX would be considered an asset.
• Familiarity with position management systems and financial databases would be an asset.
• Understanding of front- to back-office processes, transaction lifecycles, and operational controls would be an asset.
• Excellent oral and written communication skills in English.

KEY COMPETENCIES

• Analytical and numerical skills
• Excellent problem-solving capabilities
• Keen attention to detail and strong control mindset
• Ability to explain complex technical and financial topics in straightforward terms
• Intellectual curiosity and continuous-improvement mindset
• Communication and interpersonal skills
• Ability to work independently and proactively in a fast-paced environment

APPLICATION PROCESS AND PRACTICAL INFORMATION

• Deadline for application: 20 November 2026
• Employment grade: Officer
• Indicative annual gross base salary: €56,000–€65,000. The salary offered within this range will depend on the selected candidate’s relevant professional experience, skills and qualifications. Additional allowances, such as expatriation, household or child allowances, may apply, subject to the applicable rules and eligibility criteria. Salaries are subject to the applicable ESM internal tax.
• Contract duration: Four years, with possibility of extension
• Place of employment: Luxembourg
• Current working arrangements: possibility to work remotely, usually up to two days a week, from Luxembourg and the border region (or from further away under certain conditions).

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.