Vice-President of the European Investment Bank (EIB)

Applications are invited from suitably qualified candidates to be considered as the Irish nominee for the position of Vice-President of the Luxembourg-based European Investment Bank (EIB) for a four-year term commencing in August of 2016.

The EIB

Along with all other EU Governments, Ireland is a member of the European Investment Bank (EIB) which is the EU’s investment bank located in Luxembourg.  The permanent executive body of the Bank is the EIB Management Committee which consists of the Bank President and eight Vice-Presidents. Under the authority of the President and the supervision of the Board of Directors, the Management Committee oversees day-to-day running of the EIB, prepares decisions for Directors and ensures that these decisions are implemented by the Bank’s management and staff.  Comprising very experienced senior officials from across the EU, Committee members are solely responsible to the Bank and they are independent in the performance of their duties.  One of their main roles is to assess projects put to them by EIB staff and to then authorise these projects to be presented to the Board of Directors for approval.

The Position

The person appointed as Vice-President will be a significant additional resource for Ireland at EU level and a source of informal influence on Ireland’s behalf at the EIB. The individual will also, by virtue of the post, be in a position to directly shape the EIB’s investment policies and strategies in the coming years. Given the nature of the post, the Irish Vice President must have the necessary skills and experience to operate effectively at a very senior level at the Bank and with EU Governments, EU Institutions, other International Institutions and the business sector including finance and industry.

The Candidate

Given the nature of the post, the successful nominee for the Irish Vice President must have the necessary skills and experience to operate effectively at a very senior level at the Bank and with EU Governments, EU Institutions, other International Institutions and the business sector.  With a very strong results focus and a proven track record of achievement at senior management level in a complex and challenging environment, the successful candidate will have excellent leadership, communication and interpersonal skills including the ability to represent the Bank at the highest political, business and international levels while engaging actively with a wide range of stakeholders and at international engagements.

Specifically, the successful candidate will be required to demonstrate:

  • Senior management experience in finance, economic development or public administration.
  • A deep understanding of the Irish public sector, economy and financial sector.
  • An extensive knowledge of the European Institutional, economic and financial environments.
  • The credibility and integrity to participate in the management of the EIB.
  • A proven ability to think and operate strategically and to execute strategy.
  • Excellent influencing, organisational and leadership skills to build and maintain effective relationships with key stakeholders which are necessary to ensure the maximum impact from EIB operations for the Irish and EU economies.

The Process

This is a publically advertised competitive selection process.  Applicants should submit an expression of interest showing their suitability for the post in terms of the skills and experience necessary to effectively undertake the role and responsibilities of Ireland’s Vice President of the EIB.

The selection process will be conducted by a four-person Selection Committee consisting of the Secretary General to the Government, Secretary General of the Department of Finance and two independent external third-parties with appropriate senior level experience of the public service, banking/finance and EU Institutions.

Following an initial assessment of applications, suitably qualified candidates will be short-listed for a competitive interview based on experience, skills and ability to perform effectively in the position.  After this interview, the Selection Committee will recommend a maximum of three candidates for consideration by the Minister for Finance who will then bring the name of the proposed nominee to Government for approval.

Applications should be sent to recruitment@finance.gov.ie with the subject EIB – VP with a deadline of 5 pm on Friday 10th June 2016.

Interested applicants can contact Paul Ryan of the Department of Finance (paul.ryan@finance.gov.ie or +353 (0)1 6045349) for a confidential discussion on the terms and conditions attaching to this position.

 

1st June, 2016

Department of Finance