Head of Division – Policy and Strategy

  • Competitive
  • Luxembourg Luxembourg Luxembourg LU
  • Permanent, Full time
  • European Investment Bank
  • 19 Apr 18 2018-04-19

The Division has the unique role of maximising the impact of the Economics Department of the EIB. It is in charge of assuring that the findings of economic research, and country and financial sector analyses, produced by the Department consistently feed into the EIB Group’s policy discussions and its strategic and operational orientations.

The Division is also responsible for making result and impact assessments of EIB activities by means of the ReM (Results Measurement Framework for operations outside the EU), models for macroeconomic impact assessments of EIB and EFSI operations, microeconomic studies to assess the EIB operational impact, etc.

In order to accomplish its objectives, the Division is proactively involved in various cross-departmental and cross-institutional workstreams.

The HoD will show leadership to maximise ECON’s contribution in those workstreams, translating economic research into strategic inputs, bringing new ideas and assuring well-coordinated processes at the Department and Group levels. In coordination with the Director of the Economics Department, the HoD will be in charge of setting up the work plan of the division and of leading, coordinating and guiding a team of highly-qualified economists.

Specific Post Environment

The Economics Department provides impact-driven economic analysis to support the EIB in its operations. It provides analytical underpinnings to the EIB Group’s global positioning, strategy and policy definition, both inside and outside the EU. It comprises three Divisions - Economic Studies, Country and Financial Sector Analysis and Policy and Strategy. It is part of the EIB's Secretariat General, which is responsible for the EIB's overall strategy formulation.

The HoD for Policy and Strategy will report to the Director of the Economics Department. S/he will lead a team of 10—15 economists and statisticians, assuring that they maintain high standards and a service-oriented approach to delivery.

The Economics Department works with a matrix structure. Heads of Division coordinate projects on topics in their specific areas of competence, coordinating the work of staff who may be assigned to their own, or other, Divisions. This requires close collaboration between the three HoDs in setting priorities and work plans for staff. By being part of the managerial team of the Economics Department, the Head of Division for PS maintains a proactive and cooperative approach.

Operating Network

The HoD will have his/her own network inside and outside the bank.

S/he will have direct responsibility for coordinating and cooperating with HoDs in other services within the bank, proactively translating economic research produced by the Department into actionable strategic input for the EIB.

S/he will also guide the process to enhance the EIB positioning in terms of impact assessment, with the necessary internal and external involvement.

S/he will also proactively engage in coordination meetings with other International Financial Institutions (IFIs) and counterparts, realigning internal EIB services in the process and maximising impact for the EIB in general.

Accountabilities

  • Planning, organizing, managing and controlling the activities of the Division
  • Allocating responsibilities, setting objectives and evaluating the performance of the Division’s staff
  • Selecting, managing and supervising staff within the Division to ensure that they have the right competencies, objectives and motivation for implementing their tasks and delivering results
  • Ensuring an effective cooperation among team members and committing to the functioning of the matrix structure of the department
  • Committing to dissemination and cross-fertilization of information inside and outside the Division
  • Systematically contributing to the definition of key economic messages by the Department and assuring the translation of economic research into actionable strategic input. This includes contributing to the Operational Plan and various strategic initiatives, including country pages, country workshops, etc
  • Taking the lead on the EIB Group’s activities in terms of impact assessment, and cooperating with internal EIB and external counterparts to develop new methodologies and products
  • Representing the EIB and the Economics Department in relevant internal and external meetings, conferences and working groups, organising a systematic process to share information and ideas with relevant counterparts in the Bank.
  • Organising key strategic discussions, including the Chief Economists Meeting, etc.

Qualifications

  • PhD or equivalent degree in Economics and/or Finance
  • At least 10 years of relevant professional experience in economics, for example acquired in an international or EU institution, economic consulting / applied research centre, think-tank, EU government or banking
  • Experience in translating economic research into strategic input. Excellent knowledge of European policy issues
  • Experience in managing and coaching people, ideally in multicultural environments or international organizations (e.g. contribution to: determining team resources and skills, establishing objectives, assessing performance, delegating and supervising tasks, guiding, motivating, coaching and providing feedback)
  • Good understanding of the EIB, its mission and activities.
  • Capacity to develop his/her role, to innovate, to adapt to rapidly evolving needs and to implement change
  • Fluent in English or French, with working knowledge of the other language
  • The post requires availability to travel in both EU and non-EU countries

Competencies

EIB core competencies

  • 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.

EIB managerial competencies

  • Developing Others: Builds the long-term capability of others by guiding and developing them to make the most of their competence and potential, based on an accurate understanding of their true strengths and development needs.    
  • Strategic Thinking: Thinks about the long term organisation strategy and how to align to and implement it; comes up with useful new strategic insights.
  • Team Leadership: Builds a high performing team, ensuring it is focused, motivated and inspired to achieve organisational objectives, encouraging performance excellence and addressing underperformance when required.

(*) 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 rapidly build up 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 believe that diversity is good for our people and our business. We promote and value diversity and inclusion among our staff and candidates; irrespective of their gender, age, nationality, race, culture, education and experience, religious beliefs, sexual orientation or disability.

Deadline for applications: 17th April 2018.

For more information on how to apply, please click the Apply button.