Compliance risk encompasses the risk of legal or regulatory sanctions, financial loss, or loss to reputation that the Bank, or a staff member, may suffer as a result of non-compliance of the Bank, its decision-making bodies or its staff members with all applicable laws, rules, regulations, policies and the standards of good practice which are in OCCO's remit.

The diverse OCCO team consists of a group of Compliance experts from a wide range of professional backgrounds, adhering to the guiding principles of teamwork, strong professional ethics and high commitment.

We are/will be reinforcing all of our core OCCO areas this year. As a Compliance professional, we are confident that you will find interesting and challenging opportunities in one of the following areas:

The Operations Division: Conducts AML-CFT & integrity due diligence

• Assesses ML-FT Risk Factors (AML-CFT and related integrity concerns, Politically Exposed Persons, Investment funds and equity participations, Country risk)
• Conducts due diligence on certain operations/transactions and counterparties (risk based) and submits Opinions that include ML-FT risk scores to the Board

The Corporate Division: Responsible for Ethics & EIB Group Staff Code of Conduct

• Oversees Staff Compliance with the EIB Group Staff Code of Conduct, the EIB Group Whistleblowing Policy and the Integrity Policy & Compliance Charter, Awareness-raising, Administrative inquiries into breaches of professional duties, Training on Compliance
• Handles issues that arise at inter-Directorate level, e.g. policy principles to be inserted in the Bank’s financing contracts

The Monitoring Division: Executes the Compliance Monitoring Framework

• Conducts ongoing monitoring of operations/transactions and counterparties through sample checks on a risk-based approach
• Conducts ad-hoc assessment of ML-FT Risk Factors with the aim of improving existing processes and controls
• Coordinates Compliance Risk Assessment, Compliance Monitoring Plan and relating reporting

The Tax and Regulatory Compliance Division: Tax-related issues and Regulatory Compliance Matters

• Is responsible for the EIB Group NCJ Policy and the implementing procedures, performing tax integrity due diligence of operations, providing advice and training in the area of tax good governance developments
• Identifies and manages Institutional Conflicts of Interest issues arising from the Bank’s business relationships
• Oversees the Bank’s compliance with various regulations that apply to the financial sector and are deemed to constitute Best Banking Practice (MiFID II, Market Abuse, EMIR and other key financial regulations)

The Sanctions team: Ensures compliance with EU, UNSC and US sanctions (to the extent applicable)

• Develops and implements the Sanctions Compliance Framework
• Advises on the implementation of the EIB Group Sanctions Compliance Policy & Implementing Procedures
• Ensures client screenings and transaction filtering alongside pre-defined sanctions checklists

The Coordination & Procurement Unit - Comprises the Coordination, Procurement and Central Secretariat teams

• Responsible for staffing and training issues as well as budget-related issues
• Ensures Bank-wide procurement compliance and advises on OCCO procurement procedures
• Centralises and coordinates compliance-related training, awareness-raising and knowledge management initiatives

The EIB Data Protection Office

• Integrated in a European framework of data protection entities, headed by the European Data Protection Supervisor (EDPS) located in Brussels
• An independent function, embedded administratively within OCCO
• Data protection oversight over both all EIB Directorates and the EIF (together with the EIF DPO)