(Associate) Compliance Officer

EIB,

The EIB, the European Union’s bank, is seeking to recruit for its Office of the Group Chief Compliance Officer Directorate (GR&C-OCCO) – Group Operational and Regulatory Compliance Department (GORC) – Tax & Regulatory Compliance Division (TRC) – Regulatory Compliance Unit (REG) at its headquarters in Luxembourg, a (Associate) Compliance Officer. This is a full-time position at grade 4/5.

The term of this contract will be 4 years.

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.

Panel interviews are anticipated from November 2022 onwards.

Purpose

The responsibilities of the Group Operational & Regulatory Compliance Department (GORC), Tax & Regulatory Compliance Division (TRC) broadly include Regulatory Compliance issues, including matters relating to market abuse, institutional conflicts of interest, MiFID, best banking practices and integrity clauses standardisation as well as matters relating to AML-CFT regulatory and tax good governance requirements as applicable to the Bank.

As an (Associate) Compliance Officer, internally referred to as (Associate) Officer, you will contribute to define and implement the EIB Group strategy and policy development process for regulatory compliance purposes in the specific areas of new and existing products, mandates and programmes, or significant changes to existing products, in order to identify, assess, and manage the compliance risks and strengthen the Compliance function as 2 LoD.

Operating Network

You will report to the Head of Unit / Head of Division and interact with colleagues within the Compliance, Risk and Operations Directorates as well as other EIB Directorates.

Accountabilities

  • Contribute towards defining and implementing the strategy and policy development process for compliance purposes by EIB in the specific areas of new and existing products, mandates, programmes, or significant changes to existing products (“subject matter areas”), in order to mitigate compliance risks such as, but not limited to, applicable regulatory framework (laws and regulations), market abuse, institutional conflict of interest or MiFID as relevant;
  • Provide inputs for (i) identifying compliance obligations and evaluating compliance risks; (ii) addressing and controlling compliance risks; (iii) performing evaluations and compliance reporting as well as (iv) managing non-compliances and continual improvement in the subject matter areas;
  • Prepare compliance opinions, systematic prior assessments, analysis and advice on proposals in the subject matter areas (against regulations and directives and/or EIB’s policies and procedures or known forthcoming changes to legislation, regulations or industry standards), and recommendations on compliance risks;
  • Monitor compliance with regulatory and Bank’s requirements in the subject matter areas at OCCO and across the Bank and contribute to the guidance issued by the team on the required control framework;
  • Identify gaps in the subject matter areas and draft recommendations to OCCO Management for the implementation of remediation and/or potential measures of internal control;
  • Act as liaison with the Bank’s services in the subject matter areas; Provide support, advice and guidance on queries in the subject matter areas;
  • Keep up to date with best practice, regulatory requirements and guidance from EU and international standard setters, industry trends and developments with regard to subject matter areas to ensure state-of-the-art approaches to Compliance;
  • Participate in focus groups, meetings, benchmarking studies around subject matter area themes and topics in order to keep EIB staff and fellow colleagues informed;
  • 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;
  • Develop and maintain relationships within the EIB and represent EIB externally where necessary.

Qualifications

  • University degree preferably in law, economics, finance or a relevant area;
  • At least 3 years of professional experience in areas related to banking compliance, control functions, legal and/or regulatory, audit, financial supervision and/or other areas related to Compliance fields of competence;
  • Experience in market abuse, MiFID, AML-CFT and institutional conflicts of interest, including risk assessment/management within a financial institution;
  • Experience in identifying, assessing, and managing the compliance risks of (i) mandates and other partnerships with third parties/Financial Instruments (e.g. the European Commission) and (ii) new banking products / significant changes to existing ones (in particular lending, guarantee and equity products) with the legal framework would be a distinct advantage;
  • Knowledge of the EIB Group objectives & broad policies;
  • Demonstrable ability to analyse large quantities of information in short periods of time;
  • Good communication and writing skills with a demonstrable ability to convince others;
  • Excellent knowledge of English and French (*). 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 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 EIB Recruitment team [email protected] 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.

Deadline for applications: 7th October 2022

#LI-POST

To apply for this job please visit erecruitment.eib.org.


You can apply to this job and others using your online resume. Click the link below to submit your online resume and email your application to this employer.