Description
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. _
internal benchmark: Department HeadApplicants 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 2020. 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 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 2020, 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 pro