Head of Tax and Regulatory Compliance

Posted on Nov 22, 2019 by EIB - European Investment Bank

Luxembourg, Luxembourg
Immediate Start
Annual Salary

The term of this contract will be 4 years.

Applicants will receive an initial feedback in mid-December. There will be a number of screening elements, and panel interviews with the final shortlist are anticipated in the 2nd half of February 2020

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

Please note that the EIB Compliance Directorate is undergoing changes in terms of organisation, staffing and management, as well as concerning priorities and the Bank's approach to Compliance.

To lead and manage the staff in your Division, in order to promote an efficient and consistent Group approach to Tax and Regulatory Compliance activities, providing clarity to all EIB stakeholders, and mitigating related Compliance risks.

You will directly manage a team of Regulatory Compliance Officers, responsible for Non-Compliant Jurisdiction (NCJ) policy revision, procedures and implementation; for the monitoring and development of regulatory compliance in line with Best Banking Practice; and for the evaluation of non-financial risks, in particular reputational risk and market abuse.

You will also manage the Head of the Tax Compliance Unit. This Unit provides clarity in the field of Tax Compliance (due diligence, policy work, training/awareness raising, etc), thereby supporting the EIB Group's public commitment to the enhancement of procedures and practices aimed at ensuring that EIB Group operations are not misused for purposes of tax fraud, tax evasion, tax avoidance, aggressive tax planning, money laundering nor financing of terrorism.

You will in addition enhance cooperation with the European Investment Fund (ElF) for a consistent Group approach to Tax and Regulatory Compliance matters.

Operating Network
Reporting to the Compliance Director, and assisting him/her in the daily management of matters relating to tax good governance requirements and regulatory compliance, as applicable to the Bank, you will interact with staff across the Compliance Directorate and across all related EIB and EIF business areas, for the provision of tax and regulatory compliance advice.

You will also interact externally with other IFIs, relevant organisations (notably the European Commission, OECD, Global Forum), external bodies, professional associations and external experts.

Policies and Operations

  • Manage the governance of all questions related to Tax and Regulatory Compliance such as Best Banking Practices and Market Abuse
  • Oversee the development of, and propose strategies, policies, processes and procedures for, relevant areas under your responsibility, as well as elaborate the future evolution for such issues and initiatives, collaborating with the first line of defence and proposing compliance risk-mitigating management actions, where appropriate
  • Provide, or ensure the availability of, specific advice and recommendations in terms of compliance reporting and integration within the Bank to ensure that relevant files are processed in line with EIB rules, procedures, requirements and standards
  • Ensure effective incident management within areas of responsibility and due consideration of Tax and Regulatory Compliance risks in the Bank's activities
  • Foster co-operation within EIB Group on Tax and Regulatory Compliance activities, interfacing with external parties in order to protect Bank interests and stay abreast of best practices. Whenever required manage relationships with key external stakeholders in own domain at service level.

Management & Team Development

  • Plan, organise and manage the resources and work programmes in the areas under responsibility in line with the agreed strategies for the coming years
  • Set clear objectives, provide feedback and evaluate performance of all direct reports while ensuring consistency of objectives and performance evaluation across the Division
  • Lead, motivate and coach staff in the Division, ensuring they have the right competencies, objectives, skills and motivation in order to realise the formulated OCCO strategies and deliver results, in particular in the administration of the various compliance policies and procedures
  • Ensure effective co-operation among team members and strengthen co-operation across the Directorate to promote learning and knowledge-sharing, avoiding overlaps and supporting change management and innovation in addition to implementation of key processes
  • Coordinate, supervise and intervene whenever necessary in the execution of key processes and day to day activities to ensure optimum efficiency (including, in coordination with the responsible OCCO Division, clearances for specific types of transactions containing a tax component)
  • Represent the Directorate in areas of expertise in relevant meetings/working groups, including strong co-operation with the EIF on relevant compliance matters

Qualifications and requirements

  • University degree, preferably in Law, Finance or Economics
  • At least 10 years of relevant work experience in a field related to Compliance, across areas such as Tax and/or Regulatory Compliance, Best Banking Practices, and Market Abuse
  • Experience of managing and coaching staff, ideally in multicultural environments or international organisations, (for example contribution to: determining team resources and skills; establishing objectives; assessing performance; delegating and supervising tasks; guiding, motivating, coaching and providing feedback)
  • Good knowledge of Compliance and potential Audit issues associated with EIB business, as well as the financial framework in which the EIB operates
  • Excellent knowledge of English, with a good command of French (*). Knowledge of other European Union languages would be an advantage.

Core Competencies

  • 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.

Managerial Competencies

  • Developing Others: Builds the long-term capability of others by guiding and developing them to make the most of their competence and potential, based on an accurate understanding of their true strengths and development needs.
  • Strategic Thinking: Thinks about the long -term organisation strategy and how to align to and implement it; comes up with useful new strategic insights.
  • Team Leadership: Builds a high performing team, ensuring it is focused, motivated and inspired to achieve organisational objectives, encouraging.

(*) 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 (**).

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

Deadline for applications: 6th December 2019

You can apply via the ''Apply'' button.

Reference: 800609050

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