Head of the EIB Review and Evaluation Process (EIB REP)

Luxembourg (LU)
Grade 8
15 Jun 2021
06 Jul 2021
Contract Type
Contract, Permanent
Full Time
0-25% Travel

Head of the EIB Review and Evaluation Process (EIB REP)

For the strengthening of the supervisory capacity of its Audit Committee the EIB looks for a HEAD OF THE REVIEW AND EVALUATION PROCESS TEAM with strong supervisory background

The EIB, the European Union's bank, which is outside of the EU banking supervision regulations, is seeking to recruit for its General Secretariat (SG) – Review and Evaluation Process, at its headquarters in Luxembourg, a Head of the EIB Review and Evaluation Process to be in charge of its process based on the relevant EU banking supervisory processes. 

The term of this contract will be 4 years.

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.


Manage and lead the Review and Evaluation Process (REP) team within the EIB Group, built on the EBA SREP Guidelines[1] (business model, risk management and governance, capital and liquidity), and in line with Audit Committee (AC) expectations, to develop and implement a specific review and evaluation approach and methodology for the EIB and subsequently for its subsidiary, the EIF.

The AC is one of the four governing bodies of the EIB, and reports directly to the EIB Board of Governors. The mandate and scope of AC's work is determined by the EIB's Statute and Rules of Procedure. This sets out three responsibilities:

i)        the auditing of the EIB (the Bank) and the EIB Group’s[2] (the Group) accounts, for which AC largely relies on the external auditor;

ii)       the verification that the operations of the EIB are conducted in a proper manner having regard to: the monitoring of the internal control environment, risk management, compliance and internal audit activities; and

iii)       the verification that the Bank’s activities conform to Best Banking Practice (BBP).

In order to strengthen its supervisory role, the AC is implementing the decision of the Board of Governors to build an internal EIB REP, respecting the EIB’s statutory framework and the EIB’s specificities, under the AC’s mandate to verify compliance with BBP.


Team management

  • Determine, monitor and adapt the resources needed to deliver the supervisory function as expected and defined by the AC;
  • Compose and build a balanced team of EIB professionals and lead periodic recruitment;
  • Manage the internal and external processes to ensure the seconded staff from the ECB and EU National Competent Authorities, as necessary;
  • Determine and implement the budget needed to deliver the supervisory roles in consultation with the AC;
  • Ensure that staff within the REP team have the right competencies, objectives and motivation to determine and implement the strategy, policies in order to realise the prudential supervisory function within the EIB.


Methodology development and performance

  • Develop and implement a medium and long term vision in order to ensure the supervisory function within the EIB;
  • Manage responsibilities of the team as laid out in the EIB REP Guiding Principles and associated documents;
  • Develop the generic REP methodologies, determine key elements and adapt specific elements of the methodology in view of the EIB context;
  • Manage the critical phases of key area processes and missions of the REP team in order to ensure the delivery and the conformity of the supervisory function within the EIB;
  • Establish and actively manage relationships of the EIB REP function and the AC.



  • Relevant university degree (preferably a Master in e.g. Economics, Finance, Maths or similar) ;
  • A professional certification in financial risk management, internal audit or CFA will be an advantage;
  • 10-year in-depth experience related to supervisory or control related activities (e.g. banking supervisory authority, internal/external audit, national or international regulatory body, risk management or management strategy consultant)
  • At least 5-year experience in managing and coaching people ideally in multicultural environments or international organisations. Experience in leading a supervisory team in the performance of the SSM Supervisory Review and Evaluation Process will be an advantage;
  • Experience in the development of methodological aspects of the SSM Supervisory Review and Evaluation Process;
  • Experience in the definition and implementation of a strategy;
  • Experience in the EIB decision-making processes and governance will be an advantage
  • Fluency in English and/or French (with a good command of the other)*. Knowledge of other EU languages will be an advantage

Deadline for applications: 6th July 2021


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
  • Help with relocation, housing, expenses and allowance
  • Variety of sport and leisure activities just at your work premises
  • Find out many more

Please apply by using the 'Apply' button.

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