Senior Internal Controls Officer

You will join the 2nd line of defense of the bank to monitor the appropriate implementation and maintenance of the ICF (Internal Controls Framework) across all Directorates in the Bank. You will develop and maintain the common platform and/or methodology to assess and report to EIB’s Senior Management on control risks. You will support the implementation of a coherent and process driven ICF covering key activities and risks of the Bank, providing a significant contribution to the management of the Bank’s operational risks and its new product approval processes. You will be dedicated to the identification and pre-emption of operational risk through proactive approach to the Internal Control Framework and execute regular assessment actions to evaluate the design and operating effectiveness of the internal control framework.

You will be entrusted with the implementation of transversal projects impacting EIB’s control environment and implicating several Directorates. 

Operating Network:

You will report to the Head of ICF Lending unit (LEN).  The position requires regular contacts with all services across the Bank including those involved in internal control frameworks, operational risks, assertions and new products.

Accountabilities:

• Develop, improve and implement the EIB’s Internal Controls Framework (ICF) and ensure the alignment with applicable standards and methodologies in order to guarantee that that key processes are run in an effective and efficient way.
• Develop standards, methodologies, documentation and tools required for the maintenance and monitoring of EIB’s ICF.
• Drive, propose and develop new initiatives based on best practice as well as taking responsibility for pro-active identification of potential improvements needs regarding ICF practices.
• Produce presentations and reports regarding operational effectiveness of the internal control environment in order to illustrate its impact on the Bank’s control mechanisms and processes.
• Implement regular ICF awareness raising actions on the importance of ICF.
• Develop and maintain constructive relationships & network within the bank in order to ensure that appropriate internal collaboration and communication are maintained.
• Establish regular ICF’s maintenance initiatives and run key operational processes in the most effective and efficient way.
• Maintain a central repository of key controls and development of key risks indicators in order to increase efficiency and coherency of internal workflows.
• Implement periodic ICF monitoring reviews (control design and operating effectiveness).
• Advise on verification processes for the effective execution of controls and follow-up on control enhancements identified.
• Coordinate the issuance of assertion and representation letters (internal and external).
• Continuously review quality of processes and day to work and advise other FC/ICA team members in order to align EIB with best practice.
• Provide guidance to more junior colleagues in the team.
• Keep up to date with latest developments and trends regarding ICF.

Qualifications:

• University degree (minimum an equivalent to a Bachelor), ideally in Finance, Economics, Business Administration or any related subject.
• At least 5 years of relevant professional experience, conducting similar responsibilities, preferably gained in a major financial institution, with exposure on areas such as internal control frameworks, internal processes, operational risks and internal audits.
• Previous experience as an Internal Auditor or Consultant in the banking sector would be a distinct advantage.
• Strong banking experience with specific expertise in Financing operations, including Equity and Quasi Equity.
• Strong presentation skills and resilience.
• Proficient report writing skill (English).
• Strong advisor profile demonstrating autonomy and keen to take initiatives.
• Excellent knowledge of standard office tools.
• Excellent knowledge of English and/or French, with a good command of the other. Knowledge of other EU languages would be an advantage.

Source: https://erecruitment.eib.org/psc/hr/EIBJOBS/CAREERS/c/HRS_HRAM_FL.HRS_CG_SEARCH_FL.GBL?Page=HRS_APP_JBPST_FL&Action=U&FOCUS=Applicant&SiteId=1&JobOpeningId=110509&PostingSeq=1