Senior Internal Control Officer (Entity: EIF - Job ID: 111765)

Job ID: 111765

Entity: European Investment Fund

Deadline: Friday 6th November 2026

The European Investment Fund (EIF) is seeking to recruit for its Risk Office (RO) – Internal Control & Regulatory Division at its headquarters in Luxembourg, a Senior Internal Control Officer *. This is a full-time position at grade 5 for which the EIF offers a permanent contract.

*Internal benchmark: Senior Officer

Panel interviews via videoconference are anticipated for November 2026

Purpose

Part of the EIB Group, the mission of the European Investment Fund (EIF) is to improve access to finance for SMEs and small mid-caps in Europe. We do this by supporting emerging and established fund managers with equity investments and by designing debt financing instruments that share the risk taken by financial institutions when they lend to or invest in small businesses. We bring this support closer to entrepreneurs through our extensive network of partners and financial intermediaries in all EU Member States and associated countries.

Operating network

You will report to the Head of the Internal Control Unit, who in turn reports to the Head of the Internal Control & Regulatory Division, working in close cooperation with a wide range of EIF Services involving key stakeholders both internally and across the EIB Group.

Responsibilities

In your role, you will:

• Ensure validity and completeness of the Internal Control Framework (ICF) and Risk & Control Matrix (RCM) and monitor the proper implementation of recommendations and conclusions.
• Challenge EIF services’ controls.
• Propose improvements in terms of policies’ updates and implementation of processes, as well as reinforcement of control activities.
• Develop and maintain a process and methodology for the regular testing of internal controls.
• Evaluate and integrate information from other testing such as external or internal audit findings, operational risk events, ISAE 3402, amongst others, in order to orientate the testing to be performed.
• Assess and monitor the risks of the institution and to what extent they (may) lead to financial and non-financial impacts.
• Coordinate and support the annual independent ISAE 3402 audit exercise.
• Contribute to the ICF and ISAE 3402 annual reports to the Chief Executive and Deputy Chief Executive, Board of Directors and Audit Board.
• Monitor and report on the agreed Key Risk Indicators and Risk Mitigating Actions.

Qualifications

• At least 5 (five) years of post-graduation (after having obtained your initial university diploma) relevant professional experience at the same level of responsibility in Internal Control topics including control testing, monitoring and reporting.
• University degree, preferably at postgraduate level, in Business Management, Compliance, Audit, or any related subjects.
• Additional professional or academic qualifications in these areas would be considered an asset.
• Strong skills in designing and adapting internal control methodologies.
• Clear track record in testing/sampling methodologies.
• Experience using AI/Automation, Power BI, web-based tools would be considered an asset.
• Solid understanding of EIF's mission and activities as well as its operating framework would be an advantage.
• Excellent knowledge of English, both oral and written, with strong drafting skills. Knowledge of other EU languages would be considered an asset.

Behavioural Skills

Find out more about EIBG core behavioural skills here: Link

Additional role specific behavioural skills:

• Manages Complexity: Asks the right questions to accurately analyse situations; Acquires data from multiple and diverse sources when solving problems; Uncovers root causes to difficult problems; Evaluates pros and cons, risks and benefits of different solution options.
• Balances Stakeholders: Understands internal and external stakeholder requirements, expectations and needs; Balances the interests of multiple stakeholders; Considers cultural and ethical factors in the decision-making process; Acts fairly despite conflicting demands of stakeholders.
• Optimizes Work Processes: Identifies and creates the processes necessary to get work done; Separates and combines activities into efficient workflow; Designs processes and procedures that allow managing from a distance; Seeks ways to improve processes, from small tweaks to complete reengineering.
• Action Oriented: Readily takes action on challenges, without unnecessary planning; Identifies and seizes new opportunities; Displays a can-do attitude in good and bad times; Steps up to handle tough issues.
• Communicates Effectively: Is effective in a variety of communication settings: one-on-one, small and large groups, or among diverse styles and position levels; Attentively listens to others; Adjusts to fit the audience and the message; Provides timely and helpful information to others across the organisation; Encourages the open expression of diverse ideas and opinions.
• Manages Conflict: Steps up to conflicts, seeing them as opportunities; Works out tough agreements and settles disputes equitably; Facilitates breakthroughs by integrating diverse views and finding common ground or acceptable alternatives; Settles differences in productive ways with minimum noise.
• Interpersonal Savvy: Relates comfortably with people across levels, functions, cultures and geographies; Acts with diplomacy and tact; Builds rapport in an open, friendly and accepting way; Builds constructive relationships with people both similar and different to self; Picks up on interpersonal and group dynamics.
• Being resilient: Is confident under pressure; Handles and manages crises effectively; Maintains a positive attitude despite adversity; Bounces back from setbacks; Grows from hardships and negative experiences.

Technical Skills

• Writing and Presentation Skills: Ability to logically and effectively communicate thoughts and ideas across different channels, orally while presenting or in writing to achieve targeted results with a variety of audiences and in different languages.
• Risk Assessment: Ability to identify and evaluate the levels of risks involved in a situation, compare against benchmarks or standards, and determine an acceptable level of risk. Identify controls for reducing or eliminating risk during the risk mitigation process.
• Internal Control Framework (ICF): Understanding of internal control framework and practices. Ability to design and implement the operational controls in the process in order to mitigate identified risk exposures.
• Reporting Skills: Ability to capture, access and analyse information/data from databases, financial areas, audits, and other sources, develop reports and present them in a comprehensive and intelligible manner.
• Process Analysis and Optimisation: Ability to capture organisational issues and propose improvements to own and related processes and procedures.
• Risk Monitoring: Knowledge and understanding of risk appetite frameworks, with the ability to monitor and report on agreed Key Risk Indicators (KRIs) and Risk Mitigating Actions. Ensures accurate and timely updates within the Risk Appetite Framework Dashboard.

Deadline for applications: 6 November 2026

We are an equal opportunities employer, who believes that diversity is good for our people and our business. We encourage all suitably qualified and eligible candidates to apply regardless of their gender identity/expression, age, racial, ethnic and cultural background, religion and beliefs, sexual orientation/identity, disability or neurodiversity.

Applicants with specific needs are encouraged to request reasonable accommodations at any stage during the recruitment process. Please contact the EIF Recruitment team ([email protected]) who will ensure that your request is handled.

By applying for this position, you acknowledge the importance of maintaining the security and integrity of the Information of the EIB Group. In case of selection for the position, you agree to comply with all measures (policies, controls, document classification and management) implemented by the EIB Group to prevent unauthorized disclosure of any information or any damage to the EIB Group reputation.

Candidates are informed that pre-employment integrity screening is an integral part of the EIF recruitment process.