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Senior Compliance Officer (Entity: EIB – Job ID: 106465)

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(Senior) Compliance Officer (Entity: EIB – Job ID: 106465)
Job ID: 106465
Entity: European Investment Bank
Deadline:  Tuesday 7th July 2020

 

The EIB, the European Union’s bank, is seeking to recruit for its Compliance Directorate (OCCO) – Tax & Regulatory Compliance Division (TRC) at its headquarters in Luxembourg, a (Senior) Compliance Officer. This is a full time position at grade 5/6.

The term of this contract will be 4 years,

Panel interviews are anticipated from end of July.

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.

Purpose

The EIB Compliance Directorate (OCCO) is undergoing changes in terms of organisation, staffing and management, as well as concerning priorities and the Bank’s approach to Compliance. Our diverse Compliance Directorate team consists of a group of Compliance specialists with a wide range of professional backgrounds, adhering to guiding principles of teamwork, strong professional ethics and true commitment.

The Tax & Regulatory Compliance Division’s (OCCO/-/TRC) responsibilities include driving forward NCJ policy-related issues, Tax policy and procedures, Tax due diligence and good governance, and Regulatory compliance issues, including Best Banking Practices (BBP), Market Abuse, and Non-Financial Risks.

Under the supervision of the Group Chief Compliance Officer or the Director and the Head of Division, as the case may be, you, as (Senior) Compliance Officer will contribute to regulatory work through the identification, legal assessment and advice of regulatory requirements, and the management of these requirements in business activities. Furthermore, you will assess the quality, adequacy and effectiveness of business controls in the field of Best Banking Practices (BBP) and work with business area managers to develop solutions, which will strengthen the Compliance function and mitigate business risk and/or maximise operational efficiency/quality.

Operating Network

As (Senior) Compliance Officer in the OCCO/-/TRC 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 Personnel, Inspectorate General, General Secretariat, the Legal Directorate and Compliance Liaison Officers located in all Directorates) and at the European Investment Fund (EIF), and will also manage relationships with relevant stakeholders to protect the interests of the EIB. You should therefore demonstrate the ability to develop and leverage internal and external relationships.

Accountabilities

You will use your expert knowledge in the field of Best Banking Practices to:

  • Provides input to the strategy and policy development process for Best Banking Practices (BBP) at EIB in the specific areas of surveillance, monitoring and reporting of regulatory requirements, to avoid or flag potential risks to the Bank’s reputation and thus to mitigate potential risks;
  • Reviews and contribute to aspects of BBP at  the level of knowledge-sharing, policy implementation and ad hoc advice, as well as running BBP applicability assessments based on EIB methodology;
  • Delivers legal analyses and advice on regulatory texts (regulations and directives); opinions and recommendations on compliance risks in complex and/or highly visible contexts;
  • Identifies regulatory gaps and makes recommendations to OCCO Management for the implementation of  remediation and/or potential measures of internal control;
  • Conducts complex regulatory reviews and prepares BBP reporting to OCCO management and EIB governing bodies, taking into account data feeds from across the EIB Group;
  • Monitors BBP compliance on regulatory requirements in OCCO and across the Bank and reviews input from more junior colleagues to ensure that information is accurate and presented in a cogent and consistent manner;
  • Provide an advisory role on BBP and other regulatory topics to subject matter experts and OCCO management;
  • 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;
  • Document review 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 BBP 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 BBP to ensure state-of-the-art approaches to Compliance;
  • Lead focus groups, meetings, benchmarking studies around themes and topics within the field of BBP 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;
  • In general, addresses any compliance issue at the request of the Chief Compliance Officer or the Director.

Qualifications

  • University degree, master’s level, in law, economics, finance, political science or a relevant related field;
  • At least 5 years of professional experience in areas related to control functions, compliance, legal and/or regulatory audit, financial supervision and/or other areas related to Compliance fields of competence;
  • Knowledge and experience in the areas of regulatory monitoring and surveillance in general;
  • Knowledge of the Bank’s objectives, policies, procedures and organisation;
  • 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
  • Excellent knowledge of English and/or French (*) and a good command of the other; knowledge of other languages, would be an advantage.

Competencies

Find out more about EIB core competencies here

(*) 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 (*).

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

Deadline for applications: Tuesday, 7th July 2020 

(*).  We particularly welcome applications from women and persons with disabilities.

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(Senior) Compliance Officer (Entity: EIB – Job ID: 106465)