Sanctions Panel Member
Helsinki
NORDIC INVESTMENT BANK can offer you the chance to do banking that makes a difference. The projects that we finance serve to make the Nordic-Baltic region sustainable and competitive. Also, we are an International Financial Institution, which will give you the possibility to work with international experts at higher levels than elsewhere. The challenges you will face working at NIB are unique, providing you with valuable experiences on an international level. We are a close network of some 200 people located in the heart of Helsinki. The atmosphere is international and our official internal language is English.
NIB is seeking a
Sanctions Panel Member
NIB’s Sanctions Panel is an independent body established by the Board of Directors in support NIB’s commitment to addressing corruption, fraud and other prohibited practices[1] through the determination of the appropriate sanction for prohibited practices which occurred in relation to projects financed by NIB, in accordance with NIB’s Investigations and Enforcement Policy (available here). The Panel works closely with NIB’s Integrity and Compliance Office (‘ICO’) which is responsible to conduct investigations of Prohibited Practices.
The Sanctions Panel is comprised of three members; two external members appointed by the Board of Directors, and one internal member nominated by the President on a case by case basis. The initial term of the appointed external members of the Panel is for five years and can be renewed once by the Board of Directors for an additional term not exceeding five years. The longest serving external member at any time shall be the Chairperson.
Meetings of the Sanctions Panel are convened by ICO and may be held at the Bank’s headquarters in Helsinki or online. The work load of the Sanctions Panel will depend on the number and complexity of the cases of external prohibited practices reported to the Bank. In recent years, the number of cases that have been subject to a sanction decision has been small, between one and two cases per year. It is estimated that a case would require approximately five working days per Panel member.
The language of the proceedings of the Sanctions Panel is English.
Primary responsibilities
The Sanctions Panel members will review ICO’s investigation reports which includes the findings, evidence and recommendations. Based on the standard of proof defined in the Investigation and Enforcement Policy, the Sanction Panel will determine if an external party to the Bank has committed a prohibited practice in relation to a project financed by the Bank or another activity of the Bank. The Panel will decide whether a sanction is warranted or not against the individual(s) and entity(ies) concerned, and if warranted, decide the type and length of sanction based on the severity of the case. The Panel will write and communicate its decisions as described in the Investigation and Enforcement Policy. Qualifications and experience
High level of integrity and independence. Familiarity with the concepts of prohibited practices, including fraud and corruption, and related rules of other international organisations and/or private sector. Prior experience with the debarment process of an international financial institution or determining arbitration cases, is strongly preferred. Proven track record of having the ability to grasp complex cases, including weighing various factors and making difficult decisions based on available information. Experience in fields of operations similar to NIB. Minimum 10 years of experience in managing fraud and corruption issues. Master’s (or equivalent) degree combined with 10 years of relevant experience; or a Bachelor (or equivalent) degree combined with 15 years of relevant experience. Fluency in both spoken and written English. We offer you
An important and prominent role within the area of anti-corruption and business integrity. Remuneration based on a daily fee for each day worked on a case, including days of preparation and Panel meeting(s). Reimbursement of travel and accommodation costs and other costs related to the Panel’s work.
Additional information about the position can be obtained from the Chief Compliance Officer, Mark Butler (+358 10 618 0696). For general information about NIB, and the recruitment process please contact HR Business Partner, Iina Leporanta-Varjus (+358 10 618 0408).
To apply, please visit NIB's home page, www.nib.int (Jobs). The deadline for applications is 10 October 2022.
The vision of NIB is a prosperous and sustainable Nordic-Baltic region. Our employees are our strongest asset in realising this vision. Our core values are competence, commitment and cooperation.
In recruitment, NIB puts the main emphasis on personal and professional qualifications and experience. [1] Prohibited Practices are defined in NIB’s Integrity and Compliance Policy and are: i) corrupt practice; ii) fraudulent practice; iii) coercive practice; iv) collusive practice; v) theft; vi) obstruction; vii) money laundering; and, viii) terrorist financing.
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