The EIB, the European Union's bank, is seeking to recruit for its Compliance Directorate (OCCO) – Tax & Regulatory Compliance Division (TRC), AML & Tax Compliance Unit (AML&TAX) at its headquarters in Luxembourg, a (Senior) Tax 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 mid October onwards. 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.Apply Now
PurposeOur 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 AML & Tax Compliance Unit (AML&TAX) is part of the Tax & Regulatory Compliance Division (OCCO/-/TRC) which is responsible for 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. As the (Senior) Tax Compliance Officer, you will contribute to the identification, assessment and follow-up of compliance and tax integrity issues relating to the Bank’s activities, as second line of defence, in line with the Bank’s policies and procedures in order to meet the policy/institutional and regulatory requirements as well as to ensure and provide tax-related support and expert advice throughout the lifecycle of EIB activities.
Operating NetworkYou will report to the Head of Unit and interacts with colleagues both within the Compliance Directorate at large as well as in other Directorates.
- Assess the compliance and risk rating of EIB existent and future operations with focus on NCJ Policy, AML-CFT requirements and particularly on tax integrity in order to protect the Bank from potential reputational risks
- Prepare summaries of Tax Integrity Due Diligence (TIDD) for inclusion in OCCO opinions and in reply to operation-specific queries raised by stakeholders
- Provide support to 1st line of defence throughout the TIDD process
- Participate, where appropriate, in meetings with EIB decision-making bodies/relevant committees/external stakeholders, providing due tax-specific knowledge support in order to ensure the legal/reputational grounding of decisions made
- Participate towards the development and implementation of TIDD tools, policies and internal procedures with a view to improving and streamlining processes;
- Contribute to OCCO’s communication, awareness-raising and training efforts by designing and providing said training in the area of taxation in order to consolidate EIB staff knowledge of the impact and importance of tax due diligence
- Keep abreast of tax developments at EU and international level in areas relevant to Compliance such that up-to-date knowledge can be further disseminated
- Prepare and/or contribute to tax-relevant notes, opinions, recommendations and internal procedure development
- When necessary, liaise with external service providers for the timely delivery of outsourced compliance services
- In general, address any tax compliance/good governance issue at the request of management within the Office of the Chief Compliance Officer
- University degree preferably in economics, accounting, finance or Law; Specialist qualifications (such as Master’s Degree, LLM or similar) in international taxation (or similar) would be an advantage;
- Minimum 5 years professional experience in advising on international tax issues and/or areas relevant to the Compliance Directorate’s tax good governance activities;
- Experience in tax regulations, principles of international taxation, tax avoidance and/or aggressive tax planning strategies, tax compliance Risk Assessment/management within a financial institution as well as recent developments in EU and international tax policy; Additional knowledge of AML-CFT matters would be an advantage;
- Knowledge of both standard and compliance-related computer tools and proficiency in internet searches;
- Some knowledge of the EIB’s objectives & broad policies;
- Ability to analyse large quantities of information in short periods of time;
- Good communication and writing skills; ability to convince others rather than resort to enforcement means
- Excellent knowledge of English and/or French (*) and a good command of the other; knowledge of other languages, would be an advantage.