The EIB, the European Union's bank, is seeking to recruit for its Compliance Directorate (OCCO), Compliance Monitoring Division (MON) at its headquarters in Luxembourg, a Position (Senior) Compliance Officers.
This covers present and future full-time positions at grade 5/6.
The term of this contract will be 4 years;
Panel interviews are anticipated for mid OCTOBER.
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.
The Compliance Directorate has undergone substantial changes over the last years in terms of organisation, staffing and management, but also concerning priorities and approach to Compliance. The diverse Compliance team currently consists of a group of Compliance experts with a wide range of professional backgrounds, adhering to guiding principles of teamwork, strong professional ethics and high commitment.
The Compliance Monitoring Division is mainly responsible for the identification, assessment, monitoring, reporting and management of compliance issues related to the Bank's ongoing activities, in the context of the strengthening of the Compliance function.
Individual (Senior) Compliance Officers assess the quality, adequacy and effectiveness of business controls in their domain, in order to develop solutions, which will strengthen the Compliance function as a second line of defence and mitigate business risk and/or maximise operational efficiency and quality.
As a (Senior) Compliance Officer, internally referred to as (Senior) Officer, within the Monitoring Division, you will work under the supervision of the Group Chief Compliance Officer, the Director of Compliance, the Head of Division, or the Reporting Officer, as the case may be. You will interact with colleagues both within the Compliance Directorate and other EIB Directorates (in particular with the Finance as well as the Transaction Management & Restructuring Directorate and Compliance Liaison Officers located in all Directorates) and at the European Investment Fund (EIF). You will also manage relationships with external regulators and other stakeholders to protect the interests of the EIB. You should therefore demonstrate the ability to develop and leverage internal and external relationships.
Given the broad spectrum of competencies listed, it is expected that candidates have a good knowledge of the majority of these, but with expertise in specific subject matters of their fields of specialisation.
You will use your expert knowledge to:
Provide input to the strategy and policy development process for compliance risk assessment, monitoring and reporting, including in the EIB Group context;
Manage compliance projects according to the agreed project plan, ensuring timely and high-quality delivery of projects;
Review new policies, procedures and work instructions prior to their implementation
Execute non-planned reviews (checks) and other ad hoc projects on an internal consultancy basis;
Contribute to the development of the operational plan and business planning for own area for the benefit of the Division, Directorate and Bank as a whole;
Coordinate and monitor the work activities of other team members, including external consultants, to promote productivity and teamwork;
Conduct complex operational due diligence of defined business areas in accordance with compliance and regulatory frameworks and timelines throughout the life of finance contracts;
Document due diligence findings so that an accurate record of these findings and relevant performance measures are maintained;
Provide coaching and support to less experienced colleagues to increase their knowledge in the field of expertise and to increase the efficiency and quality of the work activities carried out by the Division;
Keep up to date with literature, industry trends and developments and news reports with regard to own specialist field to ensure state-of-the-art approaches to Compliance;
Lead focus groups, meetings, benchmarking studies around themes and topics within own specialist field in order to keep EIB staff and fellow colleagues informed;
Actively participate in relevant conferences thus contributing to EIB visibility, including abroad;
Pro-actively share and disseminate own knowledge for the awareness-raising of fellow officers and in order to promote a broader sense of responsibility Bank-wide regarding compliance of all relevant policies, procedures and work instructions to be followed by all EIB staff;
Prepare detailed reports for the Compliance Directorate's management;
Address any compliance issue at the request of the Group Chief Compliance Officer, the Director of Compliance, the Head of Division or the Reporting Officer.
University degree preferably, master's level, in economics, finance, law or political science;
At least 5 years of professional experience in areas related to compliance and/or other areas related to Compliance fields of competence;
Knowledge and experience in the areas of Compliance Risk assessment, monitoring and reporting, including in a Group context;
Knowledge of and experience in best administrative practices and activities;
Strong communication skills
Knowledge of standard computer tools and full proficiency in internet searches; knowledge of compliance-related computer tools
Some knowledge of the Bank's objectives and policies;
Excellent knowledge of English and/or French(*), with a good knowledge of the other. (Knowledge of other EU languages would be an advantage).
Achievement Drive: Continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
Change Orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
Organisational Commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation's needs and intrinsic values, acting with integrity in ways that promote the organisation's mission, policies and rules.
(*) 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
We are an equal opportunity employer, who believes that diversity is good for our people and our business. As such, we promote the inclusion of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability (*).
Deadline for applications: 6th September 2019.
(*). We particularly welcome applications from women and persons with disabilities.
Internal Number: 6268930
About European Investment Bank.
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