The EIB, the European Union’s bank is seeking to recruit for its Finance Directorate (FI), Planning and Settlement of Operations Department (PRO), Cash and Collateral Network Services Division (CCNS), Liquidity Planning and Control Unit (LPC) at its headquarters in Luxembourg, a Head of Unit – Liquidity Planning and Control*

This is a full-time position at grade 6 for which the EIB offers a permanent contract.

*internal benchmark: Senior Unit Head Transaction Processing & Management

Digital pre-recorded interviews will take place between the 9th and 21st of August 2023.

Panel interviews are anticipated for beginning of September 2023.

Purpose

You will manage a team of 9 professionals in order to deliver the bank’s key forecast for the liquidity planning and cash management processes on top of the intraday liquidity monitoring. You will also ensure that the team is acting as the centre of expertise for the payment function of the bank responsible for all activities related to SWIFT application.

Operating Network

As the Head of Unit, you will ensure that the unit is staffed appropriately and that each staff member has the necessary experience, knowledge and tools (access to IT applications, procedural documentation, etc.) to be able to effectively carry out the tasks allocated to them.

The position requires a very flexible time schedule and availability outside normal office hours, including on weekends and EIB closed days.

It is underlined that, for security reasons and due to the business-critical nature of certain of the tasks and activities, in principle these cannot be performed remotely. Therefore, the successful candidate will be required to be present on site for the performance of some tasks and activities.

Accountabilities

• Make work plans to implement the strategy (goals & priorities) and policies (systems, procedures, methods) in own transactions planning and settlement domain, and ensure their implementation within the unit and achievement of the division’s objectives.
• In particular, build and maintain the framework necessary to efficiently plan, monitor and report (e.g. in terms of resources, organisation, processes, procedures and control systems, service level agreement with internal parties, etc.).
• Ensure that staff within the Unit have the right competencies, objectives and motivation in order to implement the formulated objectives and work plans and deliver timely and qualitative results.
• In cooperation with Head of Division, conduct the recruitment activities relating to the Unit.
• Coordinate, supervise and intervene whenever necessary in the execution of key liquidity planning processes in order to ensure the regular production of forecasts on the Bank’s liquidity, ensuring overall quality of the unit’s output and compliance with risk management and liquidity/portfolio management policies and processes.
• Selectively carry out liquidity planning activities by recommending prefunding, plans and forecasts based upon insightful business analysis.
• Coordinate the creation and amendment of SWIFT messages for internal services of the bank as well as the monitoring of internal free format messages for the Bank.
• Coordinate, supervise and intervene, when necessary, in the settlement of transactions as well as the monitoring of payments through intraday liquidity management (also focusing on daily nostro accounts and bonds reconciliation).
• Ensure day-to-day operational management of the unit in cooperation with the Head of Division; in particular ensure that team members carry out their work in a correct manner, performing ad hoc checks to ensure quality.

Qualifications

• University degree (minimum an equivalent to a Bachelor) preferably in a business-related field
• Minimum of 8 years of relevant professional experience at Officer Level
• Previous managerial experience in a back-office area would be a distinct advantage
• In-depth knowledge of the financial sector in general and of treasury products in particular. Good knowledge of borrowing and/or lending products will represent an advantage
• Very good and up-to-date knowledge of the relevant best banking practices, especially Basel Committee and supervisory documents on liquidity risk measurement, standards and monitoring.
• Proven track record in the development of processes in the liquidity, reconciliation and/or payment domain
• Good knowledge of SWIFT Alliance platform including security and control issues and of Finance Kit TRM and/or CLM would be an advantage.
• Good knowledge of all MS Office tools, including a very good knowledge of Excel; Knowledge of Accurate, and Business Objects would be an advantage
• Excellent knowledge of English and/or French (*) with a good command of the other. Knowledge of other EU languages would be an advantage.

Competencies

Find out more about EIB core and managerial competencies here

(*) Unless stated explicitly as a required qualification, a good command of French is not a pre-requisite for hire. As both English and French are however official working languages of the EIB, proficiency in both languages is a pre-requisite for your future career development. Any language clause in your contract must be fulfilled in order for you to be eligible for a promotion (either via the annual appraisal cycle or via an internal selection process). Proficiency is understood to mean the attainment of level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL). The Bank offers appropriate training support.

“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 [email protected] 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 unauthorised disclosure of any information or any damage to the EIB Group reputation.

Deadline for applications: 6^th August 2023

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