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(Associate) Internal Controls Analyst - 105217

Luxembourg (Luxembourg)

Job Details

Job Title
(Associate) Internal Controls Analyst
Job ID
LU - Luxembourg
Full/Part Time
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EIB Posting

The EIB, the European Union's bank, is seeking to recruit for its Financial Control Directorate (FC) – Internal Controls and Assertion Division, at its headquarters in Luxembourg, a:

(Associate) Internal Controls Analyst

This is a full time temporary position at grade 4/5

The term of this contract will be 2 years; as this is a temporary replacement assignment, no extension or conversion of the contract is foreseen

Panel interviews are anticipated for end of August/beginning of September.


The Internal Controls and Assertion Division role is dedicated to a pro-active focus on the Bank’s Internal Control Framework (ICF) across its services. The Division strengthens the second line of defence in order to monitor the appropriate implementation and maintenance of the ICF across all Directorates in the Bank. Amongst other objectives the Division aims at providing a common platform to assess and report to EIB’s Senior Management on control risks as well as supporting the implementation of a coherent and process driven internal control framework covering key activities and risks of the bank.

Operating Network

You will work as part of a team and will report to the Head of Division. You will have regular contacts with all services across the EIB including those involved in internal control frameworks, operational risks, assertions and new products.


Among your responsibilities will be to:

  • Contribute to (i) the development and the monitoring of the EIB’s Internal Controls Framework and (ii) to the development of standards, methodologies, documentation and tools required for ICF’s across the Bank.
  • Contribute to new initiatives based on best practice and pro-active identification of eventual improvements needs regarding ICF practices and control enhancement
  • Contribute to the creation of appropriate awareness in the organisation on the importance of ICF and build constructive relationships & network within the bank.
  • Implement ICF’s initiatives and run key operational processes in the most effective and efficient way; aligning with expected standards and maintaining ICF oversight working documents as well as underlying deliverables adequately documented.
  • Contribute to the maintenance of a central repository of key controls and development of key risks indicators.
  • Produce conclusive reports regarding the adequacy of the design and operating effectiveness of the internal control environment.
  • Advise on verification strategy regarding effectiveness/execution of controls.
  • Produce clear presentations, working documents and comprehensive reports related to the adequacy of the design and operating effectiveness of their control environment.
  • Participate in the coordination of the issuance of assertion and representation letters (internal and external).
  • Keep up to date with the latest developments and trends regarding ICF.


  • University degree in Business Administration, Finance, Economics or any related discipline.
  • At least 3 years of relevant professional experience, conducting similar responsibilities, preferably gained in a major financial institution, with exposure on areas such as internal control frameworks, internal processes, operational risks and internal audits. Previous experience as an Internal Auditor or Consultant in the banking sector would be a distinct advantage.
  • Strong banking knowledge with specific expertise in lending operations, treasury/capital markets and/or financial risk management.
  • Strong presentation skills and resilience;
  • Proficient report writing skills (English);
  • Sound knowledge of standard office tools;
  • Excellent knowledge of written and spoken English and a good command of French (*). Knowledge of other EU languages would be an advantage.


  • Achievement Drive: Continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
  • Change Orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
  • Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
  • Organisational Commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation’s needs and intrinsic values, acting with integrity in ways that promote the organisation’s mission, policies and rules.

(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in French. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of French and accept that their future career in the EIB may be subject to the attainment of sufficient proficiency in both of the Bank's working languages

We are an equal opportunity employer, who believes that diversity is good for our people and our business.  As such, we promote the inclusion of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability (*).

Deadline for applications: 20 July 2018

 (*).  We particularly welcome applications from women and persons with disabilities.


Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.

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  • Organization: EIB - European Investment Bank
  • Location: Luxembourg (Luxembourg)
  • Grade: Junior - Internationally recruited position - Junior level
  • Occupational Groups:
    • Banking and Finance
  • Closing Date: 2018-07-20

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