Head of the Review and Evaluation Process team – based in Luxembourg. This position is based at our Luxembourg headquarters and requires regular office presence. The EIB offers you the opportunity to live and work in a truly international and multi-cultural environment. We also offer relocation support. The EIB, the European Union's bank, is seeking to recruit, at its headquarters in Luxembourg, a Head of the EIB Review and Evaluation Process team to oversee its process based on the relevant EU banking supervisory processes.

This is a full position at grade 8.

The appointment is for a fixed term of 4 [four] years.

The successful candidate will be offered a definitive duration contract (CDD) of 4 [four] years which cannot be renewed or converted.

*internal benchmark: Department Head

Applicants will receive initial feedback in February 2026

Assessment Centres for selected applicants would take place in March 2026.

Panel interviews are anticipated for early April 2026.

Final decision expected: April 2026

Onboarding is expected on 1 September 2026 the latest.

Purpose

You will manage and lead the Review and Evaluation Process (REP) team within the EIB Group, reporting to the Audit Committee and under its guidance, to further refine, adjust and implement the specific review and evaluation approach and methodology for the EIB Group. The role is exercised within the established supervisory framework of the REP function, where supervisory judgement and proposal of conclusions remain an integral part of the Head of REP responsibilities, with the final responsibility for the REP decisions being with the Audit Committee.

The REP is a review and evaluation process, building an the EBA Guidelines for common procedures and methodologies for the supervisory review and evaluation process (SREP) and on the ECB SREP methodology, adapted to the specific situation of the EIB Group.

The Audit Committee is one of the four governing bodies of the EIB and reports directly to the EIB Board of Governors. The mandate and scope of AC's work is determined by the EIB's Statute and Rules of Procedure and includes the auditing of the EIB (the Bank) and the EIB Group’s accounts, the verification that the activities of the EIB are conducted in a proper manner, in particular with regard to risk management and monitoring and the verification that the Bank’s activities conform to Best Banking Practice (BBP) as defined by the EIB BBP Guiding Principles.

The Board of Governors has further strengthened the supervisory role of the Audit Committee in the exercise of its statutory functions by introducing the internal EIB REP, respecting the EIB’s statutory framework and the EIB’s specificities, under the Audit Committee’s authority. The Audit Committee is responsible for carrying out the EIB REP within the framework determined by the EIB Board of Governors in the EIB REP Guiding Principles. In that context, the Audit Committee is also responsible for developing and adopting a review and evaluation approach and methodology based on the European Banking Authority’s Guidelines on the Supervisory Review and Evaluation Process (EBA SREP Guidelines) and which reflects the specificities of the EIB review.

The REP team has been in place since 2021. It is composed of EIB staff and seconded supervisory experts with specific knowledge, skills and experience in banking supervision.

Specific Post Environment

The European Investment Bank (EIB) Group is the financial arm of the European Union, comprising the EIB and the European Investment Fund (EIF). The Group is the world’s largest multilateral lender and borrower, financing projects that advance EU policy objectives such as climate action, innovation, and social cohesion. The organisation employs approximately 4,400 staff for the Bank and approximately 735 staff for the Fund in 58 offices worldwide, reflecting its global reach and ability to mobilise investment across continents while maintaining a strong focus on EU Member States, which account for about 90% of its lending activity.

The EIB Group is not subject to external banking supervision. The governing bodies of the EIB have decided to strengthen the supervisory role and capacity of the Audit Committee and to follow a specific “EIB Review and Evaluation Process (EIB REP)” based on the EBA SREP Guidelines. The EIB REP operates within the limits defined by the Board of Governors in the “Review and Evaluation Process Guiding Principles”, which includes the “Best Banking Practices Guiding Principles” approved by the Board of Governors.

The EIB REP covers three pillars of the EBA SREP Guidelines: Risks to Business Model, Governance and Capital. The Banque Central de Luxembourg in the context of the EIB Group’s access to central bank liquidity, carries out an annual review of the EIB Group’s liquidity and funding.

Since its inception in 2021, the EIB REP team has developed an EIB-tailored methodology and approach for an EIB review and evaluation process, approved by the EIB governing bodies, and has carried out four annual reviews, based on this methodology, covering the years 2022 to 2025.

Based on the experience gained in the first four years of its existence, the EIB REP team will be tasked to (i) continue to implement the EIB REP exercise within the organisation, including developing a multi-year work programme; (ii) execute the yearly EIB review and evaluation process in line with the approved methodology; (iii) debrief the results with the AC; and (iv) review, as appropriate and under the authority of the AC, the existing processes and methodologies to further finetune and align them to the SSM SREP approach, while taking into account the specific nature of the EIB Group per its Statute and Rules of Procedures..

The post requires the ability to work autonomously, discretion, a high sense of confidentiality, independent mind-set, team building skills, teamwork, flexibility and the ability to prioritise and handle several tasks simultaneously, while exercising a high degree of precision.

Operating Network

The Head of the Review and Evaluation Process team reports functionally to the Audit Committee, including frequent direct contact with the Chair of the Audit Committee. Administratively the Review and Evaluation Process team is located within the Secretary General Directorate.

Under the sponsorship of the Audit Committee, you will cooperate closely with the Audit Committee and Senior Management of the EIB and the EIF. External contacts include relations with the ECB, EBA, banking supervisory authorities of the Member States, and other relevant organisations, as necessary, in order to establish a relationship feeding into the applied methodology and secondment agreements as well as with consultants for specific aspects of supervisory projects.

Accountabilities

Team management

• Accountability for team performance, setting objectives and ensuring quality deliverables.
• Determine, monitor and adapt the resources needed to deliver the supervisory function as expected and defined by the Audit Committee.
• Compose and build a balanced team of EIB professionals and lead periodic recruitment.
• Manage the internal and external processes to ensure the seconded staff from the ECB and EU National Competent Authorities, as necessary.
• Determine and implement the budget needed to deliver the supervisory roles in consultation with the Audit Committee.
• Ensure that staff within the REP team have the right competencies, objectives and motivation to determine and implement the strategy, policies to realise the prudential supervisory function within the EIB.

Methodology development and performance

• Develop and implement a medium- and long-term vision to ensure the supervisory function within the EIB;
• Manage responsibilities of the team as laid out in the EIB REP Guiding Principles and associated documents.
• Manage the critical phases of key area processes and missions of the REP team to ensure the delivery and the conformity of the supervisory function within the EIB.
• Establish and actively manage relationships of the EIB REP function and the Audit Committee based on regular and transparent communication with EIB Group managing bodies and with key services.
• Review and refine, on an ongoing basis, REP methodologies and processes, adapting specific elements of the methodology and of the processes in view of meeting SSM standards and experiences, while considering the EIB context.

Qualifications

• Relevant university degree (Masters degree or equivalent).
• At least 10-years in-depth experience related to supervisory or control related activities (e.g. banking supervisory authority, internal/external audit, national or international regulatory body, risk management or management strategy consultant). At least 5 years of experience in managing and coaching teams ideally in multicultural environments or international organisations. Experience in leading a supervisory team in the performance of the SSM Supervisory Review and Evaluation Process.
• Experience in the development of methodological aspects of the SSM Supervisory Review and Evaluation Process.
• Knowledge of the institutional decision-making processes and governance of EU institutions and bodies will be an advantage.
• A professional certification in financial risk management, internal audit or CFA will be an advantage.
• Fluency in English both written and spoken. Knowledge of other EU languages would be an advantage.

Competencies

Find out more about EIB core and managerial competencies here