Senior Compensation & Benefits Specialist for the EIB Group

Reference:RH08WWW05
Appointment to the post is for a fixed period of 5 years

Business Unit	General Secretariat, Directorate General for Legal Affairs and Directorate General for Human Resources (SG-JU-RH) - Human Resources Department (RH) - People Development and Organisation Management Division (P&O) The successful candidate’s main responsibilities will be to develop and implement new policies, programmes and tools in the area of Compensation and Benefits in respect of the staff of the EIB Group and establish close links with the performance management system to enable the Bank to attract and retain the best employees. Furthermore, s/he will act as the HR Business Partner for designated Business Unit/s (directorates/departments) ensuring that the management team is provided with high quality and timely advice, HR support and effective HR input so as to maximise the performance of their employees and to align with the changing requirements of the Bank. Main challenges of the role are: · As Compensation & Benefits Specialist - to play a key role in the review of the Bank remuneration system, elaborating HR recommendations to the Decision-making bodies, guiding negotiations with the Staff Representatives and developing tools that facilitate the implementation of the new remuneration policy · As HR Business Partner - to build a strong relationship with the management team within the assigned Business Units (BU) Reporting to the Head of the P&O Division, the chosen candidate will coordinate a team of other Compensation & Benefits specialists. S/he will ensure close teamwork and horizontal co-operation with the other specialists in the division and more specifically will work closely with other lawyers to ensure that changes in the HR policies are underpinned with appropriate legal guidance. S/he will maintain relationships with peers in other IFIs in order to exchange information and build cooperation.
Responsibilities	The Senior Compensation & Benefits Specialist will work autonomously, providing guidance to more junior staff in the implementation of HR initiatives and programmes. S/he is will be recognised as an expert in the Compensation & Benefits area within the Bank and will be required to resolve complex high-level issues raised by other areas of HR . As Senior Compensation & Benefits Specialist: Within the context of the HR strategy Elaborate compensation and benefits policies that meet both the EIB’s changing needs and the expectations of the employees in all entities of the Group and that reflect current market practices. In particular, - Prepare written recommendations to the Decision-making bodies - Communicate the Bank’s compensation and benefits philosophy in a manner that managers and staff can understand Ensure that Compensation & Benefits policies and processes are integrated into other HR policies, specifically Performance Management, Organisational and job design and grading, Staff Development, Career Management and Staffing Implement compensation and reward processes, procedures and tools and run them in the most effective and efficient way, including – but not limited to – the management and supervision of remuneration surveys and the preparation of salary adjustment proposals to the Decision-making bodies As HR Business Partner: Support the implementation of the Bank HR strategy to maximise its effectiveness in the assigned Business Units Broker effective HR services for the assigned BU, translating the business requirements into requests to the HR services and facilitating the delivery of HR services in order to meet business needs: - Manage all issues related to workforce planning, performance management, rewards & compensation, career management, staff development & training in the assigned BUs - Work with other HR specialists on the delivery of appropriate solutions relating to the assigned BUs Coach, advice and influence the behaviour of the BU’s management team in order to support them in the completion of their critical role in managing people and to ensure that they are aware of key HR policies, processes and standards
Qualifications	A Masters degree in a relevant discipline (e.g. Accounting, Business Administration, Human Resources) Minimum of 8 years’ relevant international experience with emphasis on compensation and rewards, working with complex remuneration packages Good understanding of HR best practices and tools used for Compensation and Benefits, jobs classification, performance management, staff motivation and retention Good grasp of latest developments in Human Resources and ability to adapt and apply new concepts to the EIB organisational context Knowledge of management tools such as Balanced Scorecard Knowledge of expatriate benefits regimes and retirement schemes would be an advantage Highly numerate Project management skills Knowledge of operational activities and understanding of business requirements and priorities in assigned Business Units Understanding of the EIB mission and activities Computer literacy, with good hands-on knowledge of PeopleSoft applications and reporting tools (BO) Fluent in English or French and a solid understanding of the other
Competencies	Strong analysis and problem solving skills Strategic and business thinking Excellent communication and presentation skills combined with excellent report writing skills Excellent consulting skills; ability to interface effectively at all levels of the Bank Proven negotiation skills Sense of compromise and ability to take full account of various inputs and recommendations Capacity to lead a Working Group to achieve results Ability to effectively support change management using effective HR expertise and change strategies Strong teamwork attitude; ability to effectively coordinate a team; ability to coach and develop others Drive and persistence Integrity, self-reliance and discretion Results focused Ability to organise and prioritise Detail focused