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Head of Division - Policy and Strategy (Economics Department)

Posted on Dec 30, 2019 by EIB - European Investment Bank

Luxembourg, Luxembourg
Immediate Start
Annual Salary
To strengthen our Economist team in Luxembourg we are looking for you to join EIB as our new Policy and Strategy Head of Division at the Economic Department

This is a full-time position at grade 7.

Do you have a consolidated experience in Economics, a strong drive for Policy formulation and impact assessment and are looking for a managerial role?

Join our team as Policy and Strategy Head of Division at the Economic Department where you will be able to show leadership in translating economic research into EIB and EU strategic thinking; bring new ideas for European policymakers and lead a team of highly qualified economists

The term of this contract will be 4 years.

Assessment Centres for selected applicants would take place by the end of February, beginning of March.

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.


Policy and Strategy Division has the unique role of maximising the impact of the Economics Department of the EIB. It is in charge of assuring that the findings of economic research, and country and financial sector analyses, produced by the Department consistently feed into the EIB Group's policy discussions and its strategic and operational orientations.

Policy and Strategy Divison Division is also responsible for making result and impact assessments of EIB activities by means of the ReM (Results Measurement Framework for operations outside the EU), models for macroeconomic impact assessments of EIB and EFSI operations, microeconomic studies to assess the EIB operational impact, etc.

In order to accomplish its objectives, this Division is proactively involved in various cross-departmental and cross-institutional workstreams.

(As the Head of Policy and Strategy Division you will show leadership to maximise ECON's contribution in those workstreams, translating economic research into strategic inputs, bringing new ideas and assuring well-coordinated processes at the Department and Group levels. In coordination with the Director of the Economics Department, you will be in charge of setting up the work plan of the division and of leading, coordinating and guiding a team of highly qualified economists.)

Specific Post Environment

The Economics Department provides impact-driven economic analysis to support the EIB in its operations. It provides analytical underpinnings to the EIB Group's global positioning, strategy and policy definition, both inside and outside the EU. It comprises three Divisions - Economic Studies, Country and Financial Sector Analysis and Policy and Strategy. It is part of the EIB's Secretariat General, which is responsible for the EIB's overall strategy formulation.

As Head of Policy and Strategy Division you will report to the Director of the Economics Department. You will lead a team of 10 economists , assuring that they maintain high standards and a service-oriented approach to delivery.

The Economics Department works with a matrix structure. Heads of Division coordinate projects on topics in their specific areas of competence, coordinating the work of staff who may be assigned to their own, or other, Divisions. This requires close collaboration between the three Heads of Division in setting priorities and work plans for staff. By being part of the managerial team of the Economics Department, the Head of Division for PS maintains a proactive and cooperative approach.

Operating Network

As Head of Policy and Strategy Division you will have your own network inside and outside the bank.

You will have direct responsibility for coordinating and cooperating with HoDs in other services within the bank, proactively translating economic research produced by the Department into actionable strategic input for the EIB.

You will also guide the process to enhance the EIB positioning in terms of impact assessment, with the necessary internal and external involvement.

You will also proactively engage in coordination meetings with other International Financial Institutions (IFIs) and counterparts, realigning internal EIB services in the process and maximising impact for the EIB in general.

In your new role, you will be accountable for:

  • Planning, organizing, managing and controlling the activities of the Division
  • Allocating responsibilities, setting objectives and evaluating the performance of the Division's staff
  • Selecting, managing and supervising staff within the Division to ensure that they have the right competencies, objectives and motivation for implementing their tasks and delivering results
  • Ensuring an effective cooperation among team members and committing to the functioning of the matrix structure of the department
  • Committing to dissemination and cross-fertilization of information inside and outside the Division
  • Systematically contributing to the definition of key economic messages by the Department and assuring the translation of economic research into actionable strategic input. This includes contributing to the Operational Plan and various strategic initiatives, including country pages, country workshops, etc
  • Taking the lead on the EIB Group's activities in terms of impact assessment, and cooperating with internal EIB and external counterparts to develop new methodologies and products
  • Representing the EIB and the Economics Department in relevant internal and external meetings, conferences and working groups, organising a systematic process to share information and ideas with relevant counterparts in the Bank.
  • Organising key strategic discussions, including the Chief Economists Meeting, etc.
To be successful you need:
  • PhD or demonstrated equivalent experience in Economics and/or Finance with a relevant University degree
  • At least 10 years of relevant professional experience in economics, for example acquired in an international or EU institution, economic consulting / applied research centre, think-tank, EU government or banking
  • Experience in translating economic research into strategic input. Excellent knowledge of European policy issues
  • Experience in managing and coaching people, ideally in multicultural environments or international organizations (e.g. contribution to: determining team resources and skills, establishing objectives, assessing performance, delegating and supervising tasks, guiding, motivating, coaching and providing feedback)
  • Capacity to develop your role, to innovate, to adapt to rapidly evolving needs and to implement change
  • Fluent in English or French(*), with working knowledge of the other language
  • The post requires availability to travel in both EU and non-EU countries
Your core competencies at the EIB:

  • Achievement Drive: You continually keep an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
  • Change Orientation: You adapts to differences and changes in the environment; you take a flexible approach to reach outcomes.
  • Collaboration: You work 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 your individual perspectives and concerns.
  • Organisational Commitment: You are willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behavior with the organisation's needs and intrinsic values, acting with integrity in ways that promote the organisation's mission, policies and rules.
Your managerial competencies at the EIB:
  • Developing Others: You build 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: You think about the long term organisation strategy and how to align to and implement it; you come up with useful new strategic insights.
  • Team Leadership: You build a high performing team, ensuring it is focused, motivated and inspired to achieve organisational objectives, you encourage performance excellence and addresse underperformance when required.
EIB - the bank with a difference

We all share a passion for helping shape a better future for the European Union and beyond. We actively seek talented professionals from the EU Member States, so the question is: would you like to positively contribute towards a sustainable future for all?

We invest in you

At the European Investment Bank, investing in our colleagues is as important as investing in the projects we finance. We aim to offer an enriching professional environment where you will find numerous opportunities to develop while enjoying your personal and family life.

Our people enjoy a good work-life balance, benefiting from our integrated social programmes and broad career advances.
  • Learning and development opportunities
  • A diverse environment
  • Flexible working arrangements
  • An attractive health insurance and pension schemes
  • Benefits supporting your family: family, children, education allowances, free European school and other
  • ..... click apply for full job details

Reference: 818105384

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