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Compliance Officer EIB

1:08:00 PM

European Investment Bank

Luxembourg, Luxembourg

In line with the Procedures Manual of OCCO, s/he reports to the Chief or the Deputy Compliance Officer and interacts with colleagues both in OCCO and other Directorates, especially in the lending directorates.

Purpose

Under the supervision of the Chief or the Deputy Chief Compliance Officer as the case may be, the compliance officer will contribute to the identification, assessment and monitoring of compliance issues related to the Bank's operations with special attention to lending operations. Particular emphasis should be given to the mitigation of compliance risks that the Bank might incur by engaging in operations or by dealing with certain counterparts or individuals.

Accountabilities

  • Collect from the Operational Directorates all relevant information for OCCO's due diligence;
  • Carry out such integrity controls as required by operational directorates;
  • Control that the Bank's new financial counterparts have adequate measures in place against money laundering and terrorist financing; Prepare and dispatch the Bank's anti-money laundering and combating the financing of terrorism (AML/CFT) questionnaires to the Bank's intermediaries;
  • Contribute to the assessment of the compliance of lending operations with the Bank's policies;
  • Draft OCCO opinions and recommendations on lending operations;
  • Draft country reports with emphasis on the AML/CFT measures of the country in question and on its overall assessment by relevant organisations;
  • Contribute to OCCO's communication and training efforts towards compliance awareness building;
  • In general, address any compliance issue at the request of the Chief or the Deputy Compliance Officer, with emphasis on those related to lending activities;
  • Keep abreast of new developments in the field of compliance and of AML-CFT in particular;
  • Liaise with external service providers for the timely delivery of outsourced compliance research.

Qualifications

  • University degree preferably in economics, finance, law or political science;
  • Minimum 3 years professional experience in compliance in financial services;
  • Knowledge of standard computer tools and full proficiency in internet searches; knowledge of compliance related computer tools would be an advantage;
  • Very good knowledge of English and/or French and a good command of the other (*). Knowledge of another language would be an advantage;
  • Knowledge of the public procurement legal principles and rules would be an advantage.

Competencies

  • Strong work and professional ethics;
  • Good inter-personal skills at all levels in a multicultural environment;
  • Team player;
  • Ability to analyse and summarise large quantities of information in short periods of time and to draft clear and concise reports;
  • Practical approach and ability to understand the operational requirements and priorities with a view to meet deadlines;
  • Sense of professional responsibility, organisation and initiative;
  • Good communication and writing skills; ability to convince others rather than resort to enforcement means.

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not be yet proficient in one of the two languages. If they are selected, they are hired on the condition to build up rapidly knowledge of the relevant language, while they accept that their future career in the EIB is may be subject to reaching sufficient proficiency in both working languages.

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