Senior Supervisory On-site Inspector

Job Posting Organization:
The European Investment Bank (EIB) is the European Union's bank, established to support the EU's objectives and policies. It is one of the largest multilateral development banks in the world, with a mission to promote sustainable investment in projects that contribute to the EU's goals. The EIB was created in 1958 and has since expanded its operations to include a wide range of financial services across Europe and beyond. The bank employs thousands of professionals and operates in multiple countries, focusing on fostering economic growth and job creation through financing and investment in various sectors.

Job Overview:
The Senior Supervisory On-site Inspector position at the EIB is a full-time temporary role based at the bank's headquarters in Luxembourg. This position is integral to the Review and Evaluation Process Unit (REP), which is responsible for assessing the risk profile of the EIB Group. The role involves developing and executing supervisory methodologies and standards, ensuring compliance with regulatory requirements, and maintaining a high level of professional ethics. The successful candidate will work closely with various stakeholders, including internal teams and external supervisory bodies, to enhance the understanding of regulatory matters and contribute to the overall effectiveness of the EIB's supervisory framework. The position requires a proactive approach to monitoring external developments and engaging in knowledge-sharing initiatives within the organization.

Duties and Responsibilities:
The duties and responsibilities of the Senior Supervisory On-site Inspector include:

• Developing, maintaining, and executing the REP Examination Programme, ensuring timely follow-up on the closure of recommendations issued by the REP team.
• Contributing to the definition and enhancement of the EIB REP methodology, standards, procedures, processes, and IT systems.
• Performing assessments as outlined in the REP Team’s Multi-Year Approach, focusing on areas such as Asset & Liability Management and third-party risk management.
• Acting as a point of reference for internal and external queries related to supervisory matters.
• Facilitating supervisory dialogues between the Audit Committee and the Bank's Management Committee, as well as engaging with EIF senior management and the Audit Board.
• Developing and maintaining expert knowledge in the allocated areas of the REP methodology and assessment.
• Monitoring external developments relevant to regulatory and supervisory practices.

Required Qualifications:
Candidates must possess a Master’s degree in a relevant field such as economics, mathematics, statistics, business administration, or computer science. Additionally, at least 8 years of relevant professional experience in supervisory matters is required, particularly in roles involving oversight by the European Central Bank (ECB) or national competent authorities (NCA) within the Single Supervisory Mechanism (SSM). Previous experience in onsite inspections is essential, along with a deep understanding of regulatory requirements and the risk framework associated with the EBA guidelines on SREP. Strong communication skills are necessary for effectively conveying findings to various departments, and proficiency in common office tools such as Word, Excel, and PowerPoint is expected.

Educational Background:
The educational background required for this position includes a Master’s degree in fields such as economics, mathematics, statistics, business administration, or computer science. This advanced education is crucial for understanding complex financial and regulatory frameworks, as well as for performing the analytical tasks associated with the role.

Experience:
The position requires a minimum of 8 years of relevant professional experience, particularly in supervisory roles within banking or financial institutions. Candidates should have a proven track record of working with regulatory frameworks and conducting onsite inspections, demonstrating their ability to assess compliance and risk management practices effectively.

Languages:
Proficiency in English is mandatory, and a good command of French is also required, as both languages are official working languages of the EIB. Knowledge of additional EU languages would be considered an advantage, enhancing the candidate's ability to communicate effectively within the diverse environment of the EIB.

Additional Notes:
This is a full-time temporary position with a contract duration of 3 years. The role is based in Luxembourg, and regular office presence is required. The EIB offers relocation support for candidates moving to Luxembourg. Panel interviews are anticipated for the first half of June 202

• The bank values diversity and encourages applications from all qualified candidates, regardless of their background. Reasonable accommodations are available during the recruitment process for candidates with disabilities or chronic health conditions.