Tax Operations and Non-Financial Tax Risk Officer(s) (Entity: EIF - Job ID: 111370)
European Investment Bank - EIB
Tax Operations and Non-Financial Tax Risk Officer(...
The European Investment Fund (EIF) is seeking to recruit for its Central Front Office Services Department (CFOS) - KYC, Tax and ESG Division (KTE) - Operations and Non-Financial Tax Risk Unit. at its headquarters in Luxembourg, several Tax Officer(s)*. These are full time roles at grade 4 for which the EIF offers a permanent contract.
*Internal benchmark: Officer
Panel interviews via video-conference are anticipated for June 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.
Within the CFOS department, the KTE Division contributes directly to the integrity and risk soundness of EIF operations by identifying, assessing, documenting, and escalating compliance and Non-Financial Risks across a broad set of transactions.
Operating network
You will play a strategic and pivotal role in supporting EIF's Investment Office in the execution of its institutional, governance and operational responsibilities across EIF. You will ensure the coordinated, efficient and high‑quality functioning of the CFOS/KTE/TAX Unit and interact with EIF's investment professionals, the tax team in EIF's 2nd Line of Defence (2LOD) and EIB counterparts. You will report to and work under the supervision of the Head of CFOS/KTE/TAX Unit.
Responsibilities
At a level commensurate with your experience and seniority, you will:
Non-Financial Tax Risk
Perform 1st Line of Defence (1LOD) Non-Financial Risk (NFR) tax assessments and Tax Integrity Risk Rating assessments for investment transactions and portfolio activities.
Review and assess tax due diligence questionnaires, ensuring alignment with EIB Group Non-Compliance Jurisdiction (NCJ) Policy.
Draft clear and structured 1LOD compliance assessments and contributions to transaction approval documentation.
Work collaboratively with investment teams, providing guidance on NFR processes, tools and requirements in a pragmatic and solution-oriented manner.
Liaise with EIF 2LOD and EIB counterparts to escalate higher risk cases and ensure consistency with EIB Group-wide standards.
Contribute to the continuous improvement of procedures, checklists, guidance and digital tools, supporting the evolution of 1LOD responsibilities under the updated NFR Three Lines Model Target Operating Model.
Tax Operations
Ensure monitoring and administration of all matters related to withholding tax and capital gains tax on behalf of EIF and its mandates (e.g., identification risks and opportunities related to withholding tax and capital gains tax, preparation of withholding tax reclaims, communication with tax authorities and preparation of requests for relief at source).
Analyse tax implications and tax risks of different investment structures in cooperation with other EIF services and external parties (as applicable).
Ensure administration of Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) matters for EIF and its mandates.
Ensure compliance of EIF and its mandates with relevant tax laws (in particular tax administration requirements such as the filing of tax returns) in cooperation with other EIF services.
Monitor (international) tax developments and perform analysis of their impact on EIF in cooperation with other EIF services and external tax advisors.
Update and upgrade regularly EIF's operational tax procedures.
Qualifications
At least 3 (three) and no more than 5 (five) years of post-graduation (after having obtained your initial university diploma) relevant experience in law, tax, finance, economics or related fields.
- A university degree (preferably at post-graduate level) with a preference for Law, Finance, Economics, Tax, Business Administration, Risk Management or related field.
- Strong command of EIB Group NCJ Policy.
- Previous experience in drafting 1LOD risk assessments or 2LOD independent opinions is considered an advantage.
- Experience with the taxation of private equity and venture capital funds throughout Europe
- Practical approach and ability to understand the operational requirements and priorities.
- Excellent knowledge of English, both oral and written. Knowledge of other EU languages would be an advantage.
Behavioural Skills
Find out more about EIBG core behavioural skills here: Link. Additional role specific behavioural skills:
Action Oriented - Taking initiative and acting decisively.
Communicates effectively - Clearly and effectively exchanging information and ideas.
Nimble learning - Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder.
Self-development - Continuously seeking to improve and develop new skills and knowledge.
Optimizes work processes - Knowing the most effective and efficient processes to get things done, with a focus on continuous improvement.
Costumer focus - Gains insight into customer needs; identifies opportunities that benefit the customer; builds and delivers solutions that meet customer expectations; establishes and maintains effective customer relationships.
Demonstrates self-awareness - Reflects on activities and impact on others; proactively seeks feedback without being defensive; is open to criticism and talking about shortcomings; admits mistakes and gains insight from experience; knows strengths, weaknesses, opportunities, and limits.
Builds network - Builds strong formal and informal networks; maintains relationships across a variety of functions and locations; draws upon multiple relationships to exchange ideas, resources, and know-how.
Technical Skills
Process analysis and optimisation: Ability to capture organisational issues and propose improvements to own and related processes and procedures.
Tax Automation Tools: Understanding of the application of tax automation solutions, especially in the context of withholding taxes, tax administration, and FATCA/CRS reporting. It also entails the ability to effectively come up with automation ideas in the field of taxation and managing the process of getting the automation projects moved forward.
Withholding & Capital Gains Tax Management: Knowledge of withholding tax and capital gains tax regulations, including the ability to identify risks, opportunities, and ensure compliance. Ability to manage tax reclaims, handle relief at source requests, and optimize tax outcomes while ensuring proper documentation and adherence to tax authority guidelines.
1LOD task Risk Assessment: Ability to assist 1LOD in the preliminary tax risk assessment regarding EIF counterparts in the context of new or renewed operations and demonstrate understanding of the transactions that have to be escalated to the 2LOD
FATCA/CRS Compliance: Ability to manage and report compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) regulations, ensuring accurate data collection and reporting.
Tax procedures: Understanding of internal control frameworks and practices, with the ability to implement, and continuously update operational tax procedures to mitigate risks and ensure compliance. Proactive in identifying organizational issues and proposing improvements to tax-related processes, ensuring that procedures are maintained, streamlined, and aligned with best practices and evolving regulations.
Tax administration: Ability to identify tax filing obligations arising from organizational mandates and operations, ensuring full compliance with tax requirements through effective project management, comprehensive data collection, and in-depth financial and tax analysis.
Deadline for applications: 21 May 2026
We hire and value talent with unique characteristics, creating a work environment where they can be themselves. We believe that Diversity, Equity and Inclusion make us a performing and innovative organisation. 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, disability or neurodiversity.
We strongly invite applicants with a disability, neurodivergent profile or chronic condition to request reasonable accommodations at any stage during the recruitment process. Please contact Recruitment [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.
* Due to high volume of applications, only candidates selected for interviews will be contacted.