The Council of Europe Development Bank (CEB), established in 1956, is a multilateral development bank with a unique social mandate from its 43 member states. The CEB finances investment in social sectors, including education, health and affordable housing, with a focus on the needs of vulnerable people. Borrowers include governments, local and regional authorities, public and private banks, non-profit organisations and others. As a multilateral bank with a triple-A credit rating, the CEB funds itself on the international capital markets. It approves projects according to strict social, environmental and governance criteria, and provides technical assistance. In addition, the CEB receives funds from donors to complement its activities.

The Risk & Control Directorate (R&C) promotes a strong risk and control culture across the CEB to ensure the Bank’s long-term financial sustainability and operational resilience while enabling the CEB to fulfil its social mandate. R&C identifies, assesses, monitors, reports, mitigates and controls the Bank’s exposure to the main financial risks it faces in its regular course of business, namely credit risk, market risk, liquidity risk, and operational risk. R&C also preserves the CEB’s creditworthiness and pristine external rating assessment to strengthen stakeholders trust by efficiently monitoring budgets and ensuring accounting services aligned with best practices. The Directorate also ensures financial reporting transparency and effective controls by the CEB’s governance and control bodies such as the external auditors and the Auditing Board.

The Risk & Control Directorate of the Council of Europe Development Bank (CEB) is looking for an intern for its Credit Risk Unit to support the implementation of finance and social projects in conformity with the CEB’s risk policy and social mandate. S/he will report to the Head of Credit Risk and work in close collaboration with colleagues in the Credit Risk Unit.

PROFILE

Academic background:

• Graduated within the past 24 months or currently enrolled in the final academic year at an institute of higher education (ideally at a Master’s level or equivalent).
• Studies in finance, banking, applied economics or related field.

Professional background and skills:

• Good knowledge and understanding of Credit Risk Management concepts and tools.
• Sound judgement skills and ability to analyse financial data and assess risks.
• Good capacity to structure and synthesise financial and technical information while paying attention to accuracy and details in financial documents.
• Strong writing skills to draft clear, concise and convincing documents.
• Strong capacity to communicate adequately.
• Strong capacity to deal with differing points of view and high degree of professional ethics and integrity.
• Proficiency in the use of MS  Office (mainly Excel), collaborative tools (Teams, Zoom), AI applicaitons (Copilot)
• IT literacy (Python, R) would be an advantage

Applicants to the CEB Internship Programme are not required to have professional work experience, but any experience relevant to the role would constitute an advantage.

Language skills: Excellent command of one of the two CEB official languages (English and French), both oral and written. Working knowledge of the other one is desirable.

Core competencies:

• Adaptability
• Client Orientation
• Communication
• Innovation
• Result Orientation
• Team Work

Nationality:

• Citizen of one of the Bank’s Member States: Albania, Andorra, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Holy See, Iceland, Ireland, Italy, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Republic of Moldova, Montenegro, Netherlands, North Macedonia, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Türkiye, Ukraine.

EMPLOYMENT CONDITIONS

Internship duration: The selected candidate will undertake an internship for the duration of 6 months, starting in February 2026. Some flexibility regarding the starting date can be granted to match the Intern’s schedule/requirements of their academic institution.

Internship allowance: lnterns at the CEB are paid 1 800 € per month as a flat-rate indemnity to contribute towards living costs, public transportation and accommodation. Travel expenses or other costs are not met by the Bank. Please kindly be aware that obtaining any necessary visa is the sole responsibility of the intern.

Admission to an internship does not confer on the intern the status of a CEB staff member, nor does it confer any entitlement to subsequent appointment on a permanent or temporary basis.

RECRUITMENT CONDITIONS

The CEB welcomes the applications of all qualified candidates who are nationals of CEB member countries.

The CEB rigorously applies the principle of equal pay for equivalent work. We are committed to workplace gender equality and strive to ensure the recruitment of suitably qualified and experienced staff without regard to their gender, as well as their age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability. In line with peer international financial institutions, the CEB is EDGE certified (Move level), having demonstrated its commitment to diversity, equity, and inclusion and have been assessed against the highest global standards.

In order to minimise bias, our selection processes include steps such as digitally recorded interviews, written tests and interactive interviews. Please note that initial steps in the selection process will typically be conducted online (remotely).

Applications from CEB member countriescandidates should be made in English or French using the Bank's online application system at https://jobs.coebank.org before midnight Paris time on  09/11/2025.