The Sanctions & Exclusion Committee Secretariat Unit (Sanctions & ECS) is primarily responsible for assessing the quality, adequacy and effectiveness of 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).
More broadly, it supports the EIB’s dual role as a financial institution and EU body supporting the policies of the EU most efficiently, satisfying best practices.
As the (Associate) Compliance Officer Sanctions, internally referred to as (Associate) Officer, you will be involved in monitoring the legal landscape, advising and training the EIB staff accordingly and contributing to the development of the Sanctions Compliance Programme.
You will report to the Head of Unit and interact with colleagues both within OCCO and in the other EIB Directorate.
In accordance with the EIB Group Sanctions Compliance Policy, monitor the compliance of existent and future transactions (incl.
sanctions screening) in the areas of relevance for Compliance and in particular in relation to Financial Sanctions requirements at a Group-level covering EIF (EU, UN, US OFAC) to avoid or flag any potential risks to the Bank’s reputation;
Handles internal control checks and leads investigations on sanctions-related issues stemming from handling of sanctions matters and adherence to the Group Sanctions Policy , including alerts / transaction filtering, aiming to continuously optimise Sanctions risk identification, reporting and remediation systems
In cases of non-conformity or the identification of business risk, advise the Head of Unit of proposed measures of internal control, documenting Sanctions-related due diligence findings so that an accurate record of findings is maintained;
Contribute to the development of Sanctions Compliance policies and implementation procedures prior to their practical application in specific cases in the Bank’s services;
Advise 1st and 2nd line of defence staff on the implementation of Sanctions compliance policies and procedures, in particular as a reference for sanctions clauses in all legal documentation;
Decide on client screening alerts and transaction filtering alerts (in line with the role of the second line of defence);
Stay abreast of Compliance issues in general and Sanctions-related regulations and industry trends and developments / news reports and derive the implications for the Bank;
Act as a liaison between frontline and compliance, maintaining constructive relationships with internal and external stakeholders;
Pro-actively shares and disseminates own knowledge for the awareness-raising of fellow officers and in order to promote a broader sense of responsibility Group-wide regarding Sanctions on all relevant policies, procedures and work instructions to be followed by all EIB Group staff;
Participate in Sanctions-related conferences and interest groups, thus contributing to EIB visibility, including abroad;
Contribute to the Group-wide communication and training initiatives on Sanctions compliance awareness-raising;
Assist the Sanctions Officer in the continued development the Sanctions Compliance function at the Bank.
University degree preferably, master’s level, in law, political science, economics, or finance;
At least 3 years of relevant professional experience in the area of Financial Crime with a particular focus on Sanctions (e.
g. Financial Sanctions / legal advisory regarding Sanctions / experience in areas of political advisory with a focus on Sanctions).
Knowledge and experience in Sanctions regulations, compliance competencies, best practices and activities;
Experience in the financial sector, particular the banking sector, will be an advantage. Experience within other sectors dealing with sanctions will be equally welcomed;
Good verbal and written communication;
Knowledge of standard computer tools and full proficiency in internet searches; knowledge of compliance-related computer tools;
Excellent knowledge of English and a good knowledge of French(*).