The EIB, the European Union's bank is seeking to recruit for its Transaction Management and Restructuring Directorate (TMR) – Systems, Data & Compliance Division (LCD) at its headquarters in Luxembourg, a:
Role at 5/4 grade
The TMR/SD&C/KYC is responsible for the analysis, collection, input, verification, monitoring and maintenance/updating of "Know Your Customer" data in the centralised database of all counterparts involved in financial transactions with the Bank, both at appraisal and updating phases.
The KYC Analyst (internally referred to as: Operational Risk Management Analyst) will contribute to the set-up of the newly established KYC (Know Your Customer) Unit which involves organising and establishing work procedures, as well as developing/maintaining of efficient IT and data solutions, take responsibility for the management of specific improvement projects or initiatives (procedures agreements, working groups, user requirements for IT projects, operational documentation, etc.).
He/she will also ensure daily administration of KYC related data for counterparts.
Specific post Environment
TMR monitors counterparts and contracts and acts on contractual events under its responsibility, as well as on distressed transactions, to protect the EIB's financial interest and reputation. The Directorate is responsible for the Financial Monitoring, Event Resolution and Restructuring of (i) EU and non-EU counterparts, (ii) EU and non-EU fully invested funds and equity as well as (iii) EU and non-EU private sector distressed transactions. TMR is also responsible for developing and updating Bank-wide Financial Monitoring guidelines.
The KYC Analyst will be part of a team of around 10 staff members.
The KYC Analyst will work in cooperation with other Bank's services (notably OCCO, Ops, FI, JU, RM) and with other Divisions in TMR: S/he will also interact with external data providers.
Actively participate in the development and implementation of the procedures for creating and managing the standing data of all the EIB counterparts in loans, borrowing and treasury operations;
Analyse and write comprehensive notes and reports to management and/or other directorates;
Take ownership of the completion and verification of the identity of the EIB counterparty and analyse its corporate structure, with regards to its shareholding, its management and its controlling entity/beneficial ownership, on the basis of specialist corporate data providers (automated to the extent possible), publicly available sources and, if required, additional information provided by the service, with advisory support from OCCO for KYC standards and procedures as and when required.
Ensure the execution of key KYC and counterparts administration tasks with a particular focus on data quality:
Identification of any legal, corporate and compliance issue posed by the EIB counterparts;
Manage the production and validation of KYC form, KYC update form or equivalent documents;
Ensure the maintenance of accurate and complete KYC/AML-CFT due diligence records on new and existing counterparties and ensure that relevant databases are updated to reflect completion of review and relevant details;
Execute the on-going monitoring and periodical risk-based review of the KYC data of active Relevant Counterparties;
Liaise with staff in other services at the Bank for the collection, completion and validation of KYC data when applicable;
Represent, directly or in collaboration with the Head of Unit, the unit in specific projects, initiatives, working groups by planning, driving or contributing to meetings, summarising and writing meeting minutes and following up on the outcomes.
Produce and perform business presentations to broad and diverse audience in the areas of competencies of the unit;
Assist the Head of Unit in the Supervision, coordination and training of colleagues in the unit.
University degree, preferably in Business Administration, Finance, Economics, Law or Information Systems;
Minimum 3 years of relevant professional experience in banking, finance or any similar activities;
Knowledge of relevant KYC/AML-CFT regulations and best practices; Experience in other compliance related subjects such as tax evasion, market abuse, sanctions and others would be an advantage.
Good understanding of the EIB's mission, policies, procedures, organisation and activities;
Previous experience in managing organization-wide processes involving structured procedures and heavy data implications;
Experience in writing comprehensive reports and producing and delivering presentations;
Experience in project management tools and methodologies would be an advantage;
Knowledge of standard IT tools, including MS Office (advanced Excel and very good Power Point)
Fluent in English and/or French(*) and solid knowledge of the other language. Due to the wide geographic spread of EIB's counterparts in Europe (and outside), good command of additional European languages would be an advantage.
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 believe that Diversity is good for our people and our business. We promote and value diversity and inclusion among our staff and candidates; irrespective of their gender, age, nationality, race, culture, education and experience, religious beliefs, sexual orientation or disability