JOB DESCRIPTION
The European Investment Fund (EIF) is seeking to recruit for its Investment Office Department (IO) – KYC/TAX/ESG Division at its headquarters in Luxembourg, several (Senior) KYC/AML Officers. These are full-time position at grade 4/5 for which the EIF offers permanent contracts.
*internal benchmark: (Senior) Officer
This is a generic campaign in the view of both current and possible future vacancies.
Panel interviews via video-conference are anticipated for February 2024
Purpose:
Part of the EIB Group, the mission of the European Investment Fund (EIF) is to improve access to finance for SMEs and small mid-caps in Europe.
The mission of the “Know-Your-Customer” (KYC) team within the Front Office (as first line of defence “1st LoD”) is to identify, assess, manage and monitor any risks of money laundering, terrorist financing and sanctions/tax evasion that EIF may face in its equity and debt business operations while applying a risk-based approach in line with the requirements of the EIB Group AML-CFT Policy.
Operating network:
You will report to the KYC Head of Unit who in turn reports to the Head of KYC/TAX/ESG Division within the Central Front Office Services Department of the Chief Investment Office.
Working in the KYC team as part of the Front Office, you will contribute to the development of the KYC team’s goals by notably being a point of contact across the institution and external counterparts (e.g. fund managers, banks and other financial intermediaries) in relation to KYC matters. The job requires a close interface with colleagues both in Front Office and in other departments within EIF, including Compliance (as second line of defence). Furthermore, you will closely interact with other KYC and Front Office units within the EIB Group to ensure the application of a consistent AML-KYC Group approach.
Responsibilities:
At a level commensurate with your experience and seniority, you will:
- Ensure as a subject matter expert the timely and accurate collection and input of the relevant KYC information and documentation as well as the assessment and grading of the AML-CFT risks related to EIF equity and debt transactions;
- Establish efficient channels of communication with relevant financial intermediaries as part of the AML-CFT risk assessment process;
- Timely and comprehensive performance of KYC Periodic Reviews for existing counterparties in line with required standards and frequency;
- Contribute to the development of an information system appropriate for the purposes of maintaining up-to-date information in the context of KYC measures and controls;
- Advise on – and contribute to – the appropriate implementation of the EIF AML-CFT and KYC Procedures and promote innovation and improvements when necessary; and
- Coordinate all operational aspects related to the 1st LoD AML-CFT risk assessment.
Qualifications:
- At least three (3) years of post-graduation (after having obtained your initial university diploma) relevant professional experience at same level responsibility in asset management, banking, finance, legal or corporate advisory in the Compliance / KYC domain or other areas relevant for the role;
- University degree in Economics, Business Administration, Finance or Law (preferably at postgraduate level) with a combination of the above being an additional asset;
- Good knowledge of regulatory requirements, especially with relation to AML-KYC in a 1st or 2nd LoD role;
- Any – or combination – of the following will be an advantage:
- Proven experience in external communication with clients and managing flows of legal and regulatory documentation; Strong quantitative skills (ability to manage and analyse data e.g. with Excel). Knowledge of additional AML-CFT data management or screening applications;
- Prior experience in banking/asset management and/or familiarity with equity investments (private equity or venture capital) and/or loan portfolio guarantees;
- Participation in 3 lines of defence projects and/or having previously performed qualitative assessments of ML-FT risk for new counterparties.
- Good understanding of the EIF mission and activities as well as the institutional framework in which the EIF operates; and
- Excellent knowledge of written and spoken English. Knowledge of other EU languages would be considered an advantage.
Competencies:
- Strong verbal and written communication skills, with excellent interpersonal skills at all levels;
- Diplomatic skills and ability to manage direct contacts with clients (internal and external) at all levels;
- Ability to perform under pressure and within tight deadlines;
- Flexibility, adaptability, reliability and commitment;
- Sound judgement and strategic thinking by aligning priorities with organizational strategy;
- Sense of initiative and problem-solving approach;
- Ability to provide constructive feedback on competence and development; and
- Excellent team spirit.
Deadline for applications*: 16th January 2024.
This position is based in Luxembourg and the selected candidate(s) will be required to reside within 50km from EIF headquarters.
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 EIF Recruitment team Recruitment@eif.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.
Candidates are informed that pre-employment integrity screening is an integral part of the EIF recruitment process.
* Due to high volume of applications, only candidates selected for interviews will be contacted.