(Associate) Sanctions Analyst – LU – Luxembourg – European Union’s bank

Posted

The EIB, the European Union’s bank, is seeking to recruit for its Office of the Group Chief Compliance Officer (GR&C-OCCO) – Group Operational & Regulatory Compliance Department (GORC) – Sanctions and Exclusion Committee Secretariat (SANC&ECS) at its headquarters in Luxembourg, a (Associate) Sanctions Analyst*. This is a full-time, temporary position at grade 4/5.

*Internal benchmark: (Associate) Officer/ Analyst

Panel interviews are anticipated for January 2023. 

The term of this contract will be until 15th December 2023. As this is a temporary replacement assignment, no extension or conversion of the contract is foreseen.

Purpose

As a (Associate) Sanctions Analyst, you will contribute to the implementation of the EIB Group’s Sanctions Compliance Programme in order to avoid legal and reputational risks for the Bank and its staff in case of non-compliance with the applicable Sanctions laws/regulations (including embargoes and trade restrictions). 

Operating Network

You will report to the Head of Unit and interact with colleagues both within GR&C-OCCO and in other business lines such as Operations, Legal, Finance and Portfolio Management.

You will act as a liaison between the front office and compliance, maintaining constructive relationships with internal and external stakeholders.

In monitoring the legal landscape dealing with sanctions-related controls, you will advise and train Group staff accordingly and contribute to the development of the Sanctions Compliance Programme. More broadly, you will support the EIB Group’s twofold role as both financial institution and EU body.

Accountabilities

Sanctions

  • Contribute to the continuous improvement of the existing Sanctions risk identification, reporting and remediation systems;
  • Undertake internal control checks and investigations on sanctions-related issues;
  • Apply internal control measures for the cases of non-conformity or identified business risk and support the Head of Unit/EIB’s Sanctions Officer accordingly;
  • Collaborate closely with the Bank’s services and, in collaboration with the more senior members of the team, advise 1st and 2nd Line of Defence staff on the implementation of Sanctions compliance policies and procedures;
  • Work on client screening and transaction filtering alerts in line with the role of the 2nd Line of Defence;

General

  • Stay abreast of Compliance issues in general, and Sanctions-related regulations, industry trends and developments/news reports, and analyse/ apply their implications for the Bank/ Group;
  • Encourage co-operation and exchange of information within the Directorate and across EIBG’s services in order to promote a broader sense of responsibility Group-wide regarding Sanctions, and raise awareness on all relevant policies, procedures and work instructions to be followed by all EIB Group staff through dedicated trainings and communication;
  • Participate in conferences and working groups, thus contributing to the increase of EIBG’s visibility, including abroad.
  • In general, address any compliance issue under his/her remit at the request of the Group Chief Compliance Officer or the Department Director.

Qualifications

  • University degree preferably, master’s level, in finance, law, political science, economics or related subject;
  • At least 3 years of professional experience in areas related to compliance and/or other areas related to financial sanctions
  • Good knowledge and experience in sanctions compliance (holistic view);
  • Knowledge and experience in AML-CFT regulations, compliance competencies, best practices and activities;
  • Experience in the financial, and in particular the banking sector;
  • Knowledge of the Bank’s objectives, policies, procedures and organisation;
  • Good communication and writing skills; ability to convince others rather than resort to enforcement measures, leading by example;
  • Knowledge of standard computer tools and full proficiency in internet searches; knowledge of compliance-related computer tools
  • Excellent knowledge of English and/or French, with a good knowledge of the other. (Knowledge of other EU languages would be an advantage)

Competencies

Find out more about EIB core competencies here

We are an equal opportunities employer, who believes that diversity is good for our people and our business.  We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation/identity, disability or neurodiversity.

Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIB Recruitment team Jobs@eib.org who will ensure that your request is handled.

By applying for this position you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorized disclosure of any information or any damage to the EIB Group reputation.

Deadline for applications: 29th December 2022 

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