The European Insurance and Occupational Pensions Authority (EIOPA) is an independent European Union Authority established on 1 January 2011 by Regulation (EU) No. 1094/2010 of the European Parliament and of the Council of 24 November 2010.
EIOPA is at the heart of insurance and occupational pensions in the EU.
Our mission is to contribute to a sound, effective and consistent level of regulation and supervision of insurance and occupational pensions sectors in Europe, and to promote transparency, simplicity and fairness in the market for consumer financial products or services across the internal market for the benefit of EU citizens. Through our activities we help protect insurance policyholders, pension scheme members, customers and consumers and other beneficiaries. We furthermore play a key role in supporting the stability of the financial system, transparency of financial markets and products, and we contribute to strengthening coordination among financial supervisors at the international level.
EIOPA is part of the European System of Financial Supervision (ESFS) which includes the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Systemic Risk Board (ESRB).
Further information on EIOPA is available on EIOPA’s website: https://www.eiopa.europa.eu/
As an European Union Authority, EIOPA is committed to fostering an inclusive and dynamic working environment, providing equal opportunities to all its employees and applicants. EIOPA is committed to ensuring gender equality and to preventing discrimination on any grounds. EIOPA actively welcomes applications from all qualified candidates from diverse backgrounds, across all abilities, without any distinction on any ground such as sex, race, colour, ethnic or social origin, genetic features, language, religion or belief, political or any other opinion, membership of a national minority, property, birth, disability, age, marital status or family situation or sexual orientation.
Head of Internal Models Unit
Note: To ensure diversity among the EIOPA management team, female applications are strongly encouraged. The application deadline might be extended or the campaign suspended and relaunched in case of a shortlist of candidates that is not gender balanced.
Major purpose of the Internal Models Unit
The Internal Models Unit is responsible for fostering quality, consistency and efficiency in the implementation of Solvency II internal models provisions, by:
Main responsibilities as Head of Unit:
The Head of Internal Models Unit reports to the Head of Oversight Department.
For the achievement of specific objectives, the Head of Unit may set up work areas within the Unit and designate responsible persons. The persons in charge of the work areas operate under the control and directives of the Head of the Unit.
[1] Prior to the appointment, the successful candidate will be asked to provide a Police certificate confirming the absence of any criminal record.
[2] Before being engaged, a candidate shall be medically examined by one of the institution’s medical officers in order that the institution may be satisfied that he fulfils the requirements of Article 12 (2)(d) of the Conditions of Employment of Other Servants of the European Communities.
a) a level of education which corresponds to completed university studies, attested by a diploma, when the normal period of university education is four years or more; or
b) a level of education which corresponds to completed university studies, attested by a diploma and appropriate professional experience of at least one year, when the normal period of university education is at least three years;
[1] For the engagement of Temporary Agents AD10, the minimum number of years of professional experience requited is twelve. See Implementing rules concerning the use and engagement of temporary agents
Based on EIOPA’s leadership competencies, the successful candidate is expected to have the following level of leadership competencies:
Place of employment
Frankfurt am Main, Germany
Function group and grade
AD10
Monthly basic salary
Step 1: EUR 10,110.82
Step 2: EUR 10,535.67
plus specific allowances where applicable*.
*Summary of Conditions of Employment
Grade / step [1] |
Monthly basic salary [2] |
Monthly net salary, excluding allowances |
Monthly net salary, including specific allowances [3]
|
AD10 Step 1 |
EUR 10,110.82 |
EUR 7,315.86 |
EUR 10,599.71 |
AS10 Step 2 |
EUR 10,535.67 |
EUR 7,557.14 |
EUR 10,942.57 |
[2] The basic salary is weighted by the current correction coefficient for Germany (100.3%)
[3] An estimation of net salary, including the deduction for tax and social security and adding the allowances (this estimation has been calculated with expatriation allowance, household allowance and with one dependent child allowance). Allowances depend in any case on the personal situation of the candidate.
Envisaged start date
1 March 2024
Contract type and duration
Successful candidates may be offered an employment contract for three years as a Temporary Agent. The contract may be renewed for a second fixed-term period, and upon its second renewal converted into a contract of indefinite duration.
In line with the EIOPA’s Policy on the Identification and Management of Sensitive Post adopted by the Executive Director of EIOPA (EIOPA-18/308), this position is classified as sensitive and forms part of the sensitive posts inventory of the Authority.
Reserve list
Possibility of reserve list with validity until 31 December 2024, with possibility of extension.
According to EIOPA Management Board decision EIOPA-MB-15-072 adopting the implementing rules on the procedure governing the engagement and use of temporary staff under Article 2(f) of the CEOS, and in particular Article 12 (2), if a successful applicant from this external procedure, on the closing day for applications, as well as on the day of taking up duty at EIOPA:
EIOPA shall offer the applicant, in writing, the opportunity either:
a) to be assigned to the post by means of internal mobility, as per Article 10 of EIOPA-MB-15-072. In this case the contract at EIOPA will be in continuity with the contract of the previous agency (namely with regard to grade, step, seniority in step, and duration).
OR
b) in case the eligibility, qualification and professional experience requirements for the grade indicated in this external vacancy notice, (AD10) are met, to be assigned to the post on the basis of a new contract (first fixed-term) of three years duration, subject to the probationary period of 9 months, at the grade indicated in the external vacancy notice (AD10).
The recruitment process will include a panel interview and a written test. In addition, there may be a pre-screening exercise, a presentation to be delivered by the candidate and a second interview.
Furthermore, an external provider will assess the management skills of all short-listed candidates. The assessment will include online self-assessment questions and an interview and/or role play. The link to the self-assessment questions will be sent to applicants once their interview dates have been confirmed, and the questions will have to be answered by a specific deadline. Applicants will, therefore, have to be able to access the internet for this purpose during this period.
The online application form should be submitted in English language.
(1) Curriculum Vitae clearly indicating (among all):
(2) Motivation explaining why you are interested in the post and what would be your added value you would bring to EIOPA if selected.
Applicants will be assessed on the basis of the eligibility and selection criteria specified in the vacancy notice and these must be met by the closing date of the vacancy notice.
Extended Application Deadline: 4 December 2023 23:59 CET
Applications after the deadline are not considered.
The successful candidate will be required to make an annual declaration in respect of any interests which might be considered prejudicial to their independence. Before recruiting a member of staff, EIOPA’s Executive Director will examine whether the successful candidate has any personal interest which may impair their independence or any other conflict of interest. To that end, the successful candidate, using a specific form, shall inform the Executive Director via the Ethics Officer of any actual or potential conflict of interest.
For more information on the selection process of temporary agents and on the contractual and working conditions, please, refer to: