Member of the Board

  • Competitive
  • Bruxelles, Bruxelles-Capitale, Belgique
  • CDI, Plein-temps
  • European Union Single Resolution Board
  • 15 avr. 19

The Single Resolution Board (SRB) is the European resolution authority and works in close cooperation with the national resolution authorities of participating Member States — together forming the Single Resolution Mechanism (SRM). The SRB works closely with the European Commission and the European Central Bank (ECB) in safeguarding financial stability. Its mission is to ensure an orderly resolution of failing banks with minimum impact on the real economy and on public finances of the participating Member States and beyond.

Therefore, the SRB is granted specific tasks and responsibilities in preparing for and carrying out the resolution of banks that are failing or likely to fail. The SRB is also responsible for managing the Single Resolution Fund (SRF), as established by the SRM Regulation, to ensure that medium-term funding support is available while a bank is being restructured and/or resolved. The SRB is a self-financed agency of the European Union.

The vacancies

The European Commission, in consultation with the SRB, is organising a selection procedure for two Members of the Board and Directors of Resolution Planning and Decisions.

The place of employment will be Brussels (Belgium), where the SRB has its seat.

The successful candidates will take up the duties (i) as voting Members of the SRB decision making bodies — the Board in its Plenary Session and the Executive Session; and (ii) as Directors of Resolution Planning and Decisions in the SRB. As voting Members of the Board in its Plenary Session and Executive Session they will contribute actively to the fulfilment of the Board’s tasks and responsibilities, in accordance with the mandate assigned by the SRM Regulation.

In addition, the successful candidates in their capacity of Directors of Resolution Planning and Decisions will be in charge of Resolution Directorates. In particular, the successful candidates will in particular:

  • manage day-to-day work of the respective Directorate and ensure its smooth and effective functioning, which will also include a close cooperation with other business areas of the SRB, in particular, among the three Resolution Directorates,
  • lead and steer the preparation of the resolution plans for the entities that fall within the Directorate’s responsibilities,
  • lead and steer the preparation of actions and, if necessary, resolution decisions on the entities that fall within the Directorate’s responsibilities,
  • manage cooperation with national resolution authorities falling within the Directorate’s responsibilities,
  • oversee and manage the overall cooperation with the ECB in the context of works between the Internal Resolution Teams and the Joint Supervisory Teams for entities falling within the Directorate’s responsibilities,
  • contribute, as member of the SRB’s senior management, to determining the SRB’s policies and mission,
  • coordinate work programming at Directorate level, set objectives and determine priorities in the framework of the SRB’s overall strategic planning,
  • coordinate the work of the units comprising the Directorate, motivate and support the middle management in attaining their objectives and realising their staff members’ potential,
  • target the achievement of the Directorate’s objectives, according to required deadlines and quality standards, and monitor and evaluate the progress,
  • ensure smooth cooperation and communication with other Board Members/Directors and Directorates,
  • promote positive practices towards the Directorate’s internal and external stakeholders, and
  • liaise and maintain relations with the EU institutions and bodies and any other public authority and private entity on matters within her/his Directorate’s responsibilities.

The successful candidates could also be directly requested by the SRB Chair to perform other tasks that fall within the SRB’s responsibilities.

They will report to the SRB Chair on her/his individual contributions as the Directors of Resolution Planning and Decisions.

Eligibility criteria

To be considered for the selection phase, candidates must fulfil the following formal criteria by the closing date for applications:

  • Nationality: be a national of a Member State of the European Union,
  • University degree or diploma:
    • have a level of education which corresponds to completed university studies, attested by a diploma, where the normal period of university education is 4 years or more, or
    • have a level of education which corresponds to completed university studies, attested by a diploma, and appropriate professional experience of at least 1 year, where the normal period of university education is at least 3 years (this 1 year’s professional experience cannot be included in the postgraduate professional experience required below),
  • Professional experience: have at least 20 years’ postgraduate professional experience acquired after the qualification referred to above was obtained, of which at least 10 years in areas relevant to the supervision, restructuring or resolution of financial institutions and the regulation of financial markets (1),
  • Senior management experience: at least 5 years of professional experience in leading an organisation in a senior executive position (2), and
  • Languages: have a thorough knowledge of one of the official languages of the European Union (3) and a satisfactory knowledge of at least another official language of the European Union.

Selection panels may verify during the interview(s) whether applicants comply with the requirement of a satisfactory knowledge of another official EU language. This could include part of the interview being conducted in this other language.

There is no age limit.

Selection criteria

Candidates should have:

  • a deep knowledge of the banking and financial sector,
  • thorough experience in one or more of the following domains: supervision, restructuring or resolution of financial institutions, regulation of financial markets, banking in particular,
  •  knowledge of the EU institutions and EU decision-making processes together with experience relevant to the activities of the SRB either in European and international processes or as a minimum in private sector at international level,
  • experience in successfully leading large teams with multidisciplinary (and, ideally, multicultural) backgrounds at a senior management level and in motivating staff to achieve high levels of performance,
  • proven ability to take and implement decisions, both at strategic and operational level,
  • an outstanding sense of leadership and experience in working in a multicultural environment,
  • excellent coordination and analytical skills and ability to build sound working relationships with high-level representatives of relevant stakeholders,
  • an outstanding sense of responsibility and initiative and the ability to develop actions and implement them, in particular in situations of crisis management,
  • excellent communication, presentation and interpersonal skills; a very good command of English is necessary, as it is the working language of the SRB.

Independence and declaration of interests

Members of the Board, in its Plenary and Executive session must act independently and only in the Union’s interest and may neither seek nor take instructions from the institutions or bodies of the European Union, any Member State government or any other public or private body. Once appointed for the function of Member of the Board/Director of Resolution Planning and Decisions, she/he will be a full-time professional and may not hold any other office at national, Union or international level.

She/he will be required to submit before appointment:

  • a declaration of commitment to act independently in the public interest, and
  • a declaration in respect of any interests which might be considered prejudicial to the candidate’s independence.

Candidates must confirm their willingness to do so in their application (4). When appointed, the Board Member will be subject to the Code of Conduct, and as Director of Resolution Planning and Decisions subject to the Staff Regulations and the Conditions of Employment of Other Servants, more specifically its Title II and the code of ethics and good administrative behaviour for staff of the SRB.

The deadline for applications is 29 April 2019.

For more information on how to apply, please click the ‘Apply’ button.

(1)  Professional experience will be counted from the date on which the applicant acquired the minimum qualification for access to the profile in question. Only duly documented professional activities (i.e. remunerated employment or self-employment) are taken into account. Part-time work will be taken into account in proportion to the percentage of full-time hours worked. Periods of education or training and unremunerated traineeships are not taken into account. Fellowships, grant-funded activity and PhDs can be counted as professional experience up to a maximum of three years.

(2)  Candidates are explicitly requested to indicate for each management/leadership position held: (1) the title and role of positions held; (2) the number of staff overseen in these positions; (3) the size of budgets managed; and (4) the number of hierarchical layers above and below them and the number of peers.