Publication of a vacancy for the function of the Chair of the Single Resolution Board – COM/2022/20074
Date: 2022-01-28
Institutions: Directorate-General for Human Resources and Security, European Commission
Subjects: EU office or agency, administrator, bank resolution, competition (EU), job vacancy, president of an institution, recruitment








CA2022043EN.01000601.xml










28.1.2022   


EN


Official Journal of the European Union


CA 43/6






Publication of a vacancy for the function of the Chair of the Single Resolution Board
COM/2022/20074
(2022/C 43 A/02)
 

We are

The Single Resolution Board (SRB) is the European resolution authority with 400 staff (1) 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 Single Resolution Mechanism Regulation (2), 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.

We propose

The European Commission, in consultation with the SRB, is organising a selection procedure for the Chair of the Single Resolution Board.
The place of employment will be Brussels (Belgium), where the SRB has its seat.
The successful candidate for the Chair position, will take up the duties: (i) as Chair and voting Member of the SRB decision-making bodies — the Board in its Plenary Session and the Executive Session; (ii) as Chair of the SRB as an EU authority responsible for its administrative and management tasks. He/she will be in charge of the SRB and contribute actively to the fulfilment of the authority’s mission and responsibilities, in accordance with the mandate assigned by the SRM Regulation.
The successful candidate in his/her capacity as Chair and voting Member of the SRB decision- making bodies is a legal representative and a public face of the Board. He/she will in particular:






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prepare the work of the Board and convene and chair its Plenary and Executive Sessions,










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participate, at the request of the European Parliament and/or the Council, in hearings on the Board’s execution of its resolution tasks and present annual reports to those institutions,










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participate, at the invitation of national parliaments of participating Member States, or by other relevant national authorities, in exchanges of views and in discussions,










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contribute to meetings and discussions on topics relevant for the execution of the SRM tasks and responsibilities at high political level in the EU and internationally.




In addition, as Chair of the SRB as an EU authority he/she will be responsible for:






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acting as the head and legal representative of the SRB,










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steering and managing the SRB, with the assistance of the Vice-Chairperson and support of dedicated staff,










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working with the Board to set the authority’s strategic direction and objectives,










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leading the preparations on the work programme of the SRB and implementing it,










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all staff matters,










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matters of day-to-day administration,










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the establishment of the draft budget of the SRB and its implementation,










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preparation of the SRB’s yearly annual reports on the execution of the tasks conferred on it by the SRM Regulation.




The Chairperson will be accountable to the European Parliament, the Council and the Commission for the implementation of the SRB tasks conferred on it by the SRM Regulation.

We look for (selection criteria)

Candidates should fulfil the following selection criteria:

Management skills







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successful experience in an executive role, leading and managing an organization (public or private) with ambitious objectives and complex tasks and steering it to achieve its objectives,










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the ability to develop and implement a strategic vision and proven ability to take and implement decisions, both at strategic and operational level,










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a proven sense of responsibility and initiative and the ability to develop efficient and workable solutions essential for the functioning of the organisation and ability to implement them,










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developed sense of leadership and experience in working in a multicultural environment.





Specialist skills and experience







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a thorough knowledge of the banking and financial sector and their regulatory framework,










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outstanding experience in one or more of the following domains: supervision, restructuring or resolution of financial institutions, regulation of the financial sector,










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a deep knowledge of the European and international regulatory framework as well as of the functioning of EU bodies and EU decision-making processes and other European and international processes of relevance to the activities of the Board.





Personal qualities







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excellent communication, presentational and interpersonal skills,










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excellent negotiating skills and ability to build trusting working relationships with high-level stakeholders in the public and private sector.





Candidates must (eligibility requirements)

Candidates will only be considered for the selection phase on the basis of the following formal requirements to be fulfilled by the deadline for applications:






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Nationality: candidates must be a citizen of one of the Member States of the European Union.










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University degree or diploma: candidates must have:






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either a level of education which corresponds to completed university studies attested by a diploma when the normal period of university education is 4 years or more;










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or a level of education which corresponds to completed university studies attested by a diploma and appropriate professional experience of at least 1 year when 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).














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Professional experience: candidates must have at least 15 years postgraduate professional experience (3) at a level to which the qualifications referred to above give admission. At least 5 years of that professional experience must be in areas relevant to the supervision, restructuring or resolution of financial institutions and the regulation of the financial sector.










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Management experience: 10 years of the post-graduate professional experience in management function (4) including at least 5 years gained in a comparable high–level management function in a field relevant for this position.










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Languages: candidates must have a thorough knowledge of one of the official languages of the European Union (5) and a satisfactory knowledge of another of these official languages. Selection panels will verify during the interview(s) whether candidates comply with the requirement of a satisfactory knowledge of another official EU language. This may include (part of) the interview being conducted in this other language.










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There is no age limit.





Selection and appointment

The Chair will be appointed by the College of Commissioners on the basis of a shortlist provided by the European Commission.
To establish this shortlist, the European Commission organises a selection in accordance with its selection and recruitment procedures (see the Document on Senior Officials Policy (6)) as well as with the Single Resolution Mechanism Regulation (7).
As part of this selection procedure, the European Commission, in consultation with the SRB, sets up a pre-selection panel. This panel analyses all applications, proceeds with a first eligibility verification and identifies candidates having the best profile in view of the selection criteria mentioned above, and who may be invited for an interview with the pre-selection panel.
Following these interviews, the pre-selection panel draws up its conclusions and proposes a list of candidates for further interviews with the European Commission’s Consultative Committee on Appointments (CCA). The CCA, taking into consideration the conclusions of the pre-selection panel, will decide on the candidates to be invited for an interview.
Candidates who are called for an interview with the CCA participate in a full-day management assessment centre run by external recruitment consultants. Taking account of the results of the interview and the report of the assessment centre, the CCA establishes a shortlist of candidates it considers suitable for the function.
Candidates on the CCA shortlist will be interviewed by the Member of the Commission responsible for the Directorate-General in charge of the relations with the SRB.
Following these interviews, and after hearing the Board in its Plenary Session, the European Commission adopts a shortlist of the most suitable candidates. Inclusion on this shortlist does not guarantee appointment.
This shortlist is transmitted to the European Parliament for approval; at the same time, the Council of the European Union is informed. The European Commission shall then submit a proposal for the appointment of the Chair of the Single Resolution Board to the European Parliament for approval.
Following approval of that proposal, the Council, acting by qualified majority, adopts an implementing decision to appoint the Chair of the Single Resolution Board. Candidate may be required to undergo further interviews and/or tests in addition to those indicated above.
Candidates should note that the shortlist could become public once it has been adopted by the European Commission.

Equal opportunities

The European Union institutions and SRB apply a policy of equal opportunities and non-discrimination in accordance with Article 1d of the Staff Regulations (8). Applications from women are particularly encouraged.

Conditions of employment

The Chair is appointed for a non-renewable period of 5 years. He/she will be considered on par with a Judge of the Court of Justice of the European Union as regards emoluments and pensionable age, as laid down in Regulation No 422/67/EEC (9). His/her salary will be based on grade AD 16, step 3, subject to a multiplication factor equal to 125 % of the salary for that grade and step (10). He/she will not be subject to a maximum retirement age. For all other employment conditions, the Staff Regulations and the Conditions of Employment of Other Servants apply by analogy.
The place of employment is Brussels, Belgium, where the SRB is based.
The post is available from 23 December 2022.

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 the Chair of the SRB, she/he will be a full-time professional and may not hold any other office at national, Union or international level.
Before taking up his/her duties, the selected candidate will be required to make a declaration of commitment to act independently in the public interest and to declare any interests, which might be considered prejudicial to his/her independence.
Candidates confirm their willingness to do so by applying to this vacancy. When appointed, the Chair will be subject to the Code of Conduct, and, as the Chair of the SRB as an authority, 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.

Application procedure

Before submitting your application, you should carefully check whether you meet all eligibility requirements (‘Candidates must’), particularly concerning the types of diploma, high-level professional experience as well as linguistic capacity required. Failure to meet any of the eligibility requirements means an automatic exclusion from the selection procedure.
If you want to apply, you must register via the internet on the following website and follow the instructions concerning the various stages of the procedure:
https://ec.europa.eu/dgs/human-resources/seniormanagementvacancies/
You must have a valid email address. This will be used to confirm your registration as well as to remain in contact with you during the different stages of the procedure. Therefore, please keep the European Commission informed about any change in your email address.
To complete your application, you need to upload a CV in PDF format, preferably using the Europass CV format (11), and to fill out, online, a letter of motivation (maximum 8 000 characters). Your CV and your letter of motivation may be submitted in any of the official languages of the European Union.
Once you have finished your online registration, you will receive an electronic mail confirming that your application has been registered. If you do not receive a confirmation mail, your application has not been registered!

Please note that it is not possible to monitor the progress of your application on-line. You will be contacted directly by the European Commission regarding the status of your application.
If you require more information and/or encounter technical problems, please send an email to: HR-MANAGEMENT-ONLINE@ec.europa.eu

Closing date

The closing date for registration is 25 February 2022, 12.00 noon Brussels time, following which registration is no longer possible.
It is your responsibility to complete your online registration in time. We strongly advise you not to wait until the last few days before applying, since heavy internet traffic or a fault with your internet connection could lead to the online registration being terminated before you complete it, thereby obliging you to repeat the whole process. Once the deadline for the submission of registrations has passed, you will no longer be able to introduce any data. Late registrations are not accepted.
The Commission reserves the right to extend the closing date of this vacancy by publication in the Official Journal of the European Union only.

Important information for candidates

Candidates are reminded that the work of the selection panels is confidential. It is forbidden for candidates to make direct or indirect contact with their individual members or for anybody to do so on their behalf. Any query has to be addressed to the secretariat of the respective panel.

Protection of personal data

The Commission and the SRB will ensure that candidates’ personal data are processed as required by Regulation (EU) 2018/1725 of the European Parliament and of the Council (12). This applies in particular to the confidentiality and security of such data.


(1)  https://www.srb.europa.eu/system/files/media/document/Annual%20Report%202020_Final_web.pdf, SRB 2020 annual report p. 72.

(2)  Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010 (OJ L 225, 30.7.2014, p. 1) https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32014R0806

(3)  Professional experience is only taken into consideration if it represents an actual work relationship defined as real, genuine work, on a paid basis and as employee (any type of contract) or provider of a service. Professional activities pursued part-time shall be calculated pro rata, on the basis of the certified percentage of full-time hours worked. Maternity leave/parental leave/leave for adoption is taken into consideration if it is in the framework of a work contract. PhDs are assimilated to professional experience, even when unpaid, but for a duration of 3 years maximum, provided that the PhD has been successfully completed. A given period may be counted only once.

(4)  In their curriculum vitae, candidates should clearly indicate for all years during which management experience has been acquired: (i) title and role of management positions held; (ii) numbers of staff overseen in these positions; (iii) the size of budgets managed; (iv) numbers of hierarchical layers above and below; and (v) number of peers.

(5)  https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A01958R0001-20130701

(6)  https://ec.europa.eu/info/sites/info/files/compilation-of-the-senior-official-policy-at-the-european-commission_en.pdf (only exists in English).

(7)  https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32014R0806

(8)  https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A01962R0031-20140701

(9)  https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:31967R0422&from=EN

(10)  https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32014R0806

(11)  You can find information on how to create your Europass CV online at: https://europa.eu/europass/en/create-europass-cv

(12)  Regulation (EU) 2018/1725 of the European Parliament and of the Council of 23 October 2018 on the protection of natural persons with regard to the processing of personal data by the Union institutions, bodies, offices and agencies and on the free movement of such data, and repealing Regulation (EC) No 45/2001 and Decision No 1247/2002/EC (OJ L 295, 21.11.2018, p. 39).