Graduate – based in Luxembourg - European Investment Bank (EIB)

This position is based at our Luxembourg headquarters and requires regular office presence. The EIB offers you the opportunity to live and work in a truly international and multi-cultural environment. We also offer relocation support. 

The EIB, the European Union's bank, in the framework of its GRAD programme, is seeking to recruit for its Finance Directorate (FC), Coordination Division (COORD) - Compliance and Conduct Best Banking Practice (CCB) Unit, at its headquarters in Luxembourg, a Graduate. This is a full-time position.

The term of this contract will be 1 year.

Panel interviews are anticipated to take place in April 2024.

PURPOSE

The Unit supports the design and implementation of digital solutions related to compliance processes and controls within the Finance Directorate (FI). The team contributes to the provision of strategic advice to FI management on financial compliance issues in order to minimise legal, financial and operational risks for the Bank in line with the Digital Transformation Strategy and Best Banking Practices and ensure its reputation and the achievement of institutional objectives.

The Coordination Division provides administrative, personnel, facilities, budgeting, processes, controls and compliance services and support to partnerships for the whole FI Directorate accounting for around 270 staff members.

As a services provider within FI, the FI/COOR Division staff are team players. The Graduate should be flexible, available and also be able to provide support when required in other areas of the divisions’ activities.

OPERATING NETWORK

The Graduate reports to the Head of Division under the supervision of the Head of Unit in charge of Compliance and Conduct Best Banking Practice and works in close collaboration with all members of the Division, which is structured into three Units:

1. Planning, Resources and Information
2. Transversal Processes and Partnerships
3. Compliance and Conduct Best Banking Practices

You will be in working contact with the other departments of the Directorate on all hierarchical levels (from support staff to Director General).

Internal contacts: Operational officers in all departments of FI directorate, JU and OCCO.

External contacts: IT consultants, Vendor of IT software solutions.

ACCOUNTABILITIES:

• Contribute to the design and implementation of digital solutions related to compliance processes and controls.
• Participate to Digital Transformation bank-wide projects in relation to compliance process and controls (e.g. OMEGA, DIRECT).
• Document and maintain compliance processes and procedures up-to-date and provide compliance guidance to all functional areas within the Finance Directorate (FI) of the Bank.
• Analyse the impact of International and European regulatory developments, consultation documents and regulations on operations within the Finance Directorate (FI) including those related to the EIB Group Climate Bank Roadmap applicable to the treasury and borrowing activities by reacting appropriately to each request.
• Monitor the compliance of Finance Directorate transactions and payments with set policies and procedures and report to OCCO any compliance related risks in order to contribute to ensure their conformity, in particular with ALM/CFT regulations (Anti -Money Laundering and Combating the Financing of Terrorism) and Sanctions.

QUALIFICATIONS

• A university degree (minimum an equivalent to a Bachelor) in a business-related field, preferably finance or law
• No more than two years of relevant professional experience after graduation (summer jobs and internships with a duration of less than 9 months should not be counted) preferably in  banking or consulting
• Knowledge of International and European Regulations applicable in particular to Treasury and Borrowing activities (Market Abuse, AML/CFT, EU Taxonomy) would be considered an advantage
• Knowledge of compliance transaction monitoring and market surveillance tools would be considered an advantage
• Excellent knowledge of English and/or French, with a good command of the other. Knowledge of other EU languages would be an advantage

COMPETENCIES

Find out more about EIB core competencies here

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 Jobs@eib.org 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 unauthorised disclosure of any information or any damage to the EIB Group reputation.

Deadline for applications: 16^th April 2024zz