Pensions Expert

Ref. : 202408CAFG IV
Type of post : Contract agent
Category and Grade : CA FG IV
Publication start : 02/05/2024 18:08
End of publication : 30/05/2024 23:59
Place of employment : Frankfurt am Main

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. 

Job Purpose

Pensions Expert 

The successful candidate will be a member of EIOPA’s Policy and Supervisory Convergence Department.
As a member of the Pensions Team, the Pensions Expert will be expected to contribute to the implementation of the EIOPA strategy on Pensions with a particular focus on IORP II implementation. In particular, for the scope of this position, the Expert is expected to contribute to three-year projects working with selected national competent authorities (NCAs) in the context of IORP II implementation and reforms to develop transparent, adequate and sustainable pensions in Europe. The successful candidate will assist and/or be mainly responsible for various deliverables, seeking to enhance the regulatory and supervisory frameworks in support of IORP II implementation and reforms to develop transparent, adequate and sustainable pensions in Europe.

Main Responsibilities

  • analysis of legal instruments, comparisons and compilation of documents;
  • research of specific topics and carry out of comparative analyses with different regulatory and supervisory regimes in the context of IORP II;
  • support to the development of recommendations for enhancement of regulatory and supervisory frameworks in support of implementation of IORP II and wider pensions reforms;
  • Any other tasks as required.

Eligibility Criteria

  • Thorough knowledge of one of the languages of the Communities and a satisfactory knowledge of another language of the Communities;
  • Be a national of a Member State of the European Union, Norway, Iceland or Liechtenstein;
  • Be entitled to his or her full rights as a citizen [1];
  • Have fulfilled any obligations imposed by the applicable laws on military service;
  • Be physically fit to perform the duties linked to the post [2];

[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.

Essential Skills and Knowledge

  •     Qualification:

o   a level of education which corresponds to completed university studies, preferably in Economics, Actuarial Studies, Political Science, Law, or a related field attested by a diploma, when the normal period of university education is four years or more; or 

o   a level of education which corresponds to completed university studies, preferably in Economics, Actuarial Studies, Political Science, Law, or a related field 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;

  • Have at least 3 years of proven full-time relevant professional experience, acquired after the qualification required under a) or b) above;  

Note: Your professional experience will be counted from the time you obtained the certificate or diploma required for admission to the selection procedure. 

Part-time work will be taken into account in proportion to the stated percentage in relation to full-time work. In case of internship, only paid internship is considered.

  • Proven experience or knowledge of the European legislation on the pension market, especially IORP II Directive;
  • Proven experience or knowledge of pension supervision or proven experience in a relevant pension fund management function (e.g. compliance) or pension consultancy role;
  • Proven experience of drafting reports for decision making bodies; 
  • Proven experience of project management;
  • Very good command of oral and written English;
  • Working knowledge of MS Office, in particular Word, Excel and PowerPoint. 

Desirable Skills and Knowledge

  • Work experience in pensions supervision in a competent authority for the pensions sector;
  • Work experience in designing regulatory/supervisory frameworks for competent authorities;
  • Work experience in developing pensions reforms for competent authorities;
  • Work experience or knowledge in sustainable finance and related EU regulation;
  • Knowledge of European Personal Pension Product (PEPP);
  • Knowledge of Solvency II Directive;
  • Work experience in a multicultural environment;
  • Knowledge of a third EU language. 

Behavioural Competencies required

The following behavioural competencies have to be fulfilled:

  • Flexibility in terms of openness to taking over other tasks within EIOPA in view of the dynamic and evolving institutional environment;
  • Excellent team player sharing relevant information and supporting team members without taking over responsibility for their work, able to work in different teams with different levels of stakeholders in a multicultural environment; strong interpersonal and networking skills;
  • Being able to manage multiple assignments and track progress on numerous processes simultaneously; deliver results within tight time frames and respect deadlines; prioritise tasks and pay attention to detail; proactively anticipate what needs to be done within own area of responsibility, informing others and taking action as required;
  • Being able to have and express a critical view towards own performance and open to learn from experience;
  • Analytical Capacity: able to distinguish between critical and irrelevant items of information: locate, analyse and synthesise information from a wide range of sources in a complex environment; use a disciplined approach to data governance; display a positive attitude in the face of ambiguity; identify critical connections and patterns in information/data; recognise causes and consequences of actions and events that are not readily apparent; makes sound judgements based on rigorous, independent thinking;
  • Curiosity and Creativity: able to consider problems from different perspectives and can expand on the thinking or solutions proposed by others; demonstrates a deep and persistent desire to locate, analyse and synthesise information from a variety of sources, people and media: ask probing questions that cut through formally presented information/situations to peel back layers of explanation and expose foundational issues; promote open discourse and engage through challenging dialogue: challenge the status quo and exercise professional skepticism; use questions strategically, as a tool to advance insight, understanding and deepen awareness;
  • Influencing: able to demonstrate the ability and willingness to assert ideas and opinions without causing offence; adapt and work effectively with a variety of diverse situations, individuals or groups; nurture and build open, effective partnerships with others to achieve results; listen critically with an open, unbiased mind; demonstrate resilience in difficult situations: push through resistance and continue to work with others in a constructive manner; identify and respond constructively to underlying attitudes or behavioural patterns;
  • Communication: able to express ideas logically, simply, confidently and with impact, both orally and in writing; demonstrate command of the message; confidently handle challenging conversations; listen to, and probe, to understand others’ views, ideas and ways of working; frame clear communication messages in line with audience experience, background and expectations, in an engaging manner; stand ground when needed; adopt appropriate influencing styles;
  • Show a positive mindset; see obstacles as challenges and approach them with a can-do attitude; set high levels of quality and productivity for self; self-motivated. 

Contractual conditions

Place of employment

Frankfurt am Main, Germany

Function group and grade

CA FG IV

Monthly basic salary

CA FG IV Grade 13: 3,982.82 EUR

CA FG IV Grade 14: 4,506.36 EUR

CA FG IV Grade 16: 5,768.89 EUR

plus specific allowances where applicable*.

*Summary of Conditions of Employment: 

1. Successful external candidates will be classified in FG IV, Grade 13, 14 or 16 in line with the applicable rules.  

Function Group /Grade[1]

 

Monthly basic  salary[2]

 

Monthly net salary, excluding allowances

 

Monthly net salary, including specific allowances [3]

FG IV/GRADE 13 Step 1

3,982.82 EUR

3,475.03  EUR

4,980.07  EUR

FG IV/GRADE 14 Step 1

4,506.36 EUR

3,718.99 EUR

5,496.76  EUR

FG IV/GRADE 16 Step 1

5,768.89 EUR

4,647.61 EUR

6,701.32  EUR

[1] Implementing Rules Concerning the Engagement of Contract Agents

[2] The basic salary is weighted by the current correction coefficient for Germany (103.4%) 

[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. 

  1. Salaries are subject to a Union tax deducted at source and are exempt from national taxation;
  2. Depending on the individual family situation and the place of origin, the successful jobholder may be entitled to: expatriation allowance (16% of the basic salary), household allowance, dependent child allowance, education allowance, pre-school allowance, installation allowance, reimbursement of removal costs, initial temporary daily subsistence allowance, and other benefits;
  3. Annual leave entitlement of two days per calendar month plus additional days for grade, distance from the place of origin and in addition on average 15 EIOPA holidays per year;
  4. EU Pension Scheme (after 10 years of service);
  5. EU Joint Sickness and Insurance Scheme (JSIS), accident and occupational disease insurance coverage, unemployment and invalidity allowance and travel insurance;
  6. General and relevant technical training plus professional development opportunities;
  7. Modern and flexible working conditions, combining presence in the office and teleworking opportunities (certain geographical restrictions apply).  

Envisaged start date

1 July 2024 (depending on budget availability and the official start of the project)

Contract type and duration

Successful candidates may be offered an employment fixed-term contract for 36 months as a Contract Agent

Reserve list

Possibility of reserve list with validity until 31 December 2024, with possibility of extension.

Recruitment procedure

The recruitment process will include a remote panel interview and a remote written test. In addition, there may be a pre-screening exercise, a presentation to be delivered by the candidate and a bilateral interview.

The online application form should be submitted in English language.  
(1) Curriculum Vitae clearly indicating (among all):

  • Qualifications (please list exact dates of your academic qualifications gained)
  • Responsibilities, experience and skills gained in previous positions (please list exact dates of your work experience gained)
  • Nationality/Citizenship
  • Language skills

(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. 

Vacancy Notice publication start date: 2 May 2024

Application Deadline:  30 May 2024 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: 

Apply online
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