(Senior) Compensation

The **EIB**, the European Union's bank is seeking to recruit for its Human Resources Directorate (HR), HR Policies Department (HRPLC), Compensation and Benefits’ Policy Division (C&BP) at its headquarters in Luxembourg, a **(Senior) Compensation & Benefits Policy Officer**.**

**This is a full time position at grade 5/6 for which the EIB offers a permanent contract.**
- _Internal benchmark: _(Senior) Officer Human Resources

**_ Panel interviews are anticipated for end of February onwards. _**

**Purpose**:
As (Senior) Compensation & Benefits Policy Officer you will contribute to the definition, implementation and communication of the Bank’s Compensation & Benefits policies, ensuring that the overall philosophy and approach are understood across the Bank.

This is a role with high visibility and will provide you with the opportunity to add value in the form of high value expertise, guidance and support to the Bank on compensation & benefits matters, including policies, market information, best practices and trends.

To be successful in the role, you will bring compensation & benefits experience ideally gained in a large complex financial organisation / EU institution with the ability to negotiate, build consensus and develop and manage relationships at a senior level.

**Operating Network**:
You will report to the Head of Division Compensation & Benefits and co-operate closely with colleagues within the HR Directorate, HR Interfaces and other Bank services as needed, the College of Staff Representatives and relevant committees and governing bodies. The role has regular contact with other EU institutions and international organizations, the EIF and external advisers and auditors.

The role requires policymaking experience, analytical and quantitative skills and an excellent knowledge and understanding of the EIB mission, organisation and activities.

**Accountabilities**:

- Formulate proposals for the design, review and update of compensation & benefits policies, guidelines, and procedures, ensuring they are properly aligned with the EIB's priorities.
- Analyse and evaluate the impact of compensation & benefits policies and develop improvement solutions when needed.
- Drive strategic projects on remuneration and contribute to different transversal projects across the Bank with remuneration-related components.
- Coordinate, on team’s behalf, the annual compensation review cycle (plan the process, analyse internal and external data, interpret output, develop proposals, provide input, and document the process).
- Conduct research and analysis in different areas of remuneration, including the monitoring of market developments, in order to identify trends and develop strategic proposals.
- Provide expert advice and recommendations on complex issues in the field of compensation & benefits in a proactive way; take part in consultations and working groups on remuneration topics.
- Elaborate implementation plans for the compensation & benefits policies, in close collaboration with other HR teams.
- Prepare the documentation needed for the approval of compensation & benefits proposals by the relevant governing bodies.
- Ensure effective communication of and training on the remuneration policies, creating awareness, understanding, adherence and sponsorship of staff, managers and governing bodies.

**Qualifications**:

- University Degree in Human Resources, Economics or Business Administration, or equivalent.
- Minimum 5 years of relevant experience in compensation & benefits / rewards management ideally gained within the international financial sector.
- Advanced knowledge of best practices in the compensation and benefits area, including awareness of the EU regulatory requirements
- Solid policymaking and project management experience.
- Excellent knowledge of English and/or French (*), with a good command of the other.

**Competencies**:

- Find out more about EIB core competencies _here
- (*) Unless stated explicitly as a required qualification, a good command of French is not a pre-requisite for hire. As both English and French are however official working languages of the EIB, proficiency in both languages is a pre-requisite for your future career development. Any language clause in your contract must be fulfilled in order for you to be eligible for a promotion (either via the annual appraisal cycle or via an internal selection process). Proficiency is understood to mean the attainment of _level 5 of the Inter Institutional language courses, corresponding to B1.2 of the Common European Framework of Reference for Languages (CEFRL). The Bank offers appropriate training support._ _

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