Job of the weekWeek 22

(Associate) Compliance Monitoring Officer


The EIB, the European Union’s bank, is seeking to recruit for its Compliance Directorate (OCCO), at its headquarters in Luxembourg, a:

(Associate) Compliance Monitoring Officer

This is a full time position at grade 4/5

The term of this contract will be 4 years

Panel interviews are anticipated for beginning of January 2019

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


The EIB Compliance Directorate is undergoing substantial changes in terms of organisation, staffing and management, as well as concerning priorities and the Bank’s approach to Compliance and tax good governance. Our 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.

Under the supervision of the Group Chief Compliance Officer or the Director and the Head of Division, as the case may be, you, as the (Associate) Compliance Monitoring Officer, will execute and contribute to the development of the compliance monitoring programme in the Bank, as second line of defence.

Operating Network

The Compliance Directorate comprises several Divisions/Teams, including the OCCO Monitoring Division.

You will report to the Head of Division and interact with colleagues both within the Compliance Directorate at large as well as in other Directorates, notably with our EIB client facing officers.

You will actively contribute to further developing the compliance monitoring function, both by enabling the first line of defence to manage compliance risks adequately and by further developing the compliance monitoring and testing framework supporting the compliance oversight function. Thus, you will have the opportunity to increase the compliance footprint in the first line and be a champion of a sound compliance culture.

Utilising good oral and written communication skills as well as your interpersonal skills, you will interact with staff throughout the organisation and appreciate specificities of the Compliance Directorate’s role.


You will support first line officers to ensure a proper understanding of compliance risk factors and their management; this includes providing input to the Compliance Directorate’s communication and training efforts;

As part of the overall compliance-monitoring framework,

  • In the context of the existing EIB portfolio you will perform evaluations of existing or emerging risk factors to ensure that ML-FT risk ratings attributed to the EIB’s counterparts/operations  remain up to date;
  • You will contribute to further developing and executing the sample checks on work performed in the first line in addition to preparing and executing independent testing of the compliance control framework;
  • You will handle and interpret data from a compliance perspective;
  • You will draft findings and recommendations and propose actions based on the control and testing activities.

You are expected to keep abreast of compliance developments at EU and international level including in areas of AML and sanctions.  You will also contribute to the dissemination of a consistent compliance message throughout the EIB.


  • University degree preferably in economics, finance, information technology, accounting, political science or law;
  • Minimum 3 years professional experience in risk management, auditing or compliance controls environment; additional exposure to compliance related  initiatives in relation to the delineation and interaction between 1st and 2nd line being an asset;
  • Knowledge of and experience in AML-CFT regulations and banking industry standards & practices both from an advisory or control/supervisory perspective; additional knowledge of sanctions or international taxation would be an advantage;
  • Experience in internal/external audit/controls testing, including i) assessing the suitability of controls (including identifying risks that threaten the achievement of the control objectives); and ii) testing the operating effectiveness of the controls (including contributing to the development of control testing programs);
  • Experience in handling large volume data and related analytics (relevant for sample based testing and control environments) ; ability to analyse large quantities of information in short periods of time; Keen interest in new technologies impacting the compliance function; Knowledge of both standard and compliance-related computer tools (including automated name screening);
  • Experience in capital markets and related transactional control, as well as computer auditing and knowledge of Computer Assisted Audit Techniques would be an asset;
  • Excellent knowledge of English and/or French(*), with a good knowledge of the other. (Knowledge of other EU languages would be welcome).


  • Achievement Drive: Continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
  • Change Orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
  • Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
  • Organisational Commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation’s needs and intrinsic values, acting with integrity in ways that promote the organisation’s mission, policies and rules.


(*) 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 (*).

Deadline for applications: 13th November 2018


(*). We particularly welcome applications from women and persons with disabilities.