The EIB, the European Union's bank is seeking to recruit for its Financial Control Directorate (FC) – Internal Controls and Assertion Division (ICA), at its headquarters in Luxembourg an: (Senior) Internal Controls Officer. This is a full time position at grade 5/6
The term of this contract will be 4 years.
Panel interviews are anticipated for beginning of 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 organizational requirements and individual performance.
The (Senior) Internal Controls Officer will join the 2nd line of defence of the bank to monitor the appropriate implementation and maintenance of the ICF across all Directorates in the Bank. You will develop and maintain the common platform and/or methodology to assess and report to EIB's Senior Management on control risks. You will support the implementation of a coherent and process driven Internal Control Framework covering key activities and risks of the Bank, providing a significant contribution to the management of the Bank's operational risks and its new product approval processes. You will be dedicated to the identification and pre-emption of operational risk through proactive approach to the Internal Control Framework and execute regular assessment actions to evaluate the design and operating effectiveness of the internal control framework
You will be entrusted with the implementation of transversal projects impacting EIB's control environment and implicating several DGs.
The (Senior) Internal Controls Officer reports to the Head of Division. The position requires regular contacts with all services across the Bank including those involved in internal control frameworks, operational risks, assertions and new products.
Develop, improve and implement the EIB's Internal Controls Framework and ensure the alignment with applicable standards and methodologies in order to guarantee that that key processes are run in an effective and efficient way.
Develop standards, methodologies, documentation and tools required for the maintenance and monitoring of EIB's Internal Controls Framework.
Drive, propose and develop new initiatives based on best practice as well as taking responsibility for pro-active identification of potential improvements needs regarding ICF practices.
Produce presentations and reports regarding operational effectiveness of the internal control environment in order to illustrate its impact on the Bank's control mechanisms and processes.
Implement regular ICF awareness raising actions on the importance of ICF.
Develop and maintains constructive relationships & network within the bank in order to ensure that appropriate internal collaboration and communication are maintained.
Establish regular ICF's maintenance initiatives and run key operational processes in the most effective and efficient way.
Maintain a central repository of key controls and development of key risks indicators in order to increase efficiency and coherency of internal workflows.
Implement periodic ICF monitoring reviews (control design and operating effectiveness.
Advise on verification processes for the effective execution of controls and follow-up on control enhancements identified.
Coordinate the issuance of assertion and representation letters (internal and external).
Continuously review quality of processes and day to work and advise other FC/ICA team members in order to align EIB with best practice.
Provide guidance to more junior colleagues in the team.
Keep up to date with latest developments and trends regarding IFC.
University degree, ideally in Finance, Economics, Business Administration or any related subject
At least 5 years of relevant professional experience, conducting similar responsibilities, preferably gained in a major financial institution, with exposure on areas such as internal control frameworks, internal processes, operational risks and internal audits.
Previous experience as an Internal Auditor or Consultant in the banking sector would be a distinct advantage.
Previous experience on Best Banking Practices or Model Risk Control (credit, treasury, etc.) will be a distinctive advantage
Strong banking experience with specific expertise in lending operations, treasury/capital markets and/or financial risk management
Strong presentation skills and resilience
Proficient report writing skill (English)
Strong advisor profile demonstrating autonomy and keen to take initiatives
Excellent knowledge of standard office tools
Excellent knowledge of written and spoken English and a good command of French(*)
Knowledge of other EU languages would be an advantage
Find out more about EIB core competencies here: https://www.eib.org/en/about/careers/careers-competencies/index-test
(*) 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: Monday, 7th September 2020
(*). We particularly welcome applications from women and persons with disabilities.