2 Heads of division (full time) (m/f)

Mission

In order to create a new department “Macroprudential Policy and Financial Risks” within the Banking Departments, two macroprudential divisions were created.

You will be in charge of the coordination of one of the two divisions “Macroprudential Division I” or “Macroprudential Division II”. The divisions are responsible for the identification, the analysis and the monitoring of the activities and risks for the financial stability and in the Luxembourg banking sector. They also develop and implement, in coordination with the internal stakeholders of the CSSF, the macroprudential policy under the CSSF’s competence.

The tasks of these two divisions include, notably:

• the work necessary for the proper execution of the CSSF’s mandate as designated macroprudential authority
• the identification, analysis and monitoring of systemic risks and risks for the Luxembourg banking sector, including in particular the operational risk, the liquidity risk, the IRRBB, the credit risk (IFRS 9), the ESG and the P&L
• the preparation of and follow-up to meetings and work of the CdRS, the ESRB, the FSC, the FSB, the EBA, the ECB (SSM), as well as the Basel Committee
• the follow-up to and performance of stress tests at CSSF as well as European (EBA and ECB) level
• the collection and use of relevant data for macroprudential risks and risks in the banking sector
• the preparation and coordination of regular missions of the IMF, the OECD and the rating agencies at the CSSF
• to support banking supervisors and the follow-up of individual banking files, such as intra-group large exposure exemptions, own funds and liquidity.

The allocation of responsibilities among the two divisions will be determined after the appointment of the heads of division.

Role & responsibilities

• The head of division:
• is responsible, in consultation with the head of the department, for the management of the division. This task includes organising, leading and supervising the activities of the division, while ensuring notably the sharing of necessary information in this respect, the quality of the deliverables and the oversight and management of the members of the division
• ensures the proper representation of the division and its areas of activity within and outside the CSSF, at national as well as international level, while providing relevant preparatory, coordination (notably with the other macroprudential division within the department), monitoring and reporting work
• advises the head of the department and the Executive Board with respect to the follow-up to files falling within the competence of the division. This part includes the reporting and monitoring of sensitive files as well as the drafting of strategic options and operational responses
• handles individual and operational files and analyses within the division
• ensures the effective operation of the division and the interaction with the other stakeholders
• ensures compliance with the deadlines, commitments, obligations and procedures applicable to the division and the CSSF
• contributes to the ongoing development of the division and its collaborators to improve efficiency and productivity

Your profile

• Four- or five-year advanced university degree
• Professional experience of at least 5 years in the financial sector
• Good interpersonal skills and ability to manage a team empathically and motivationally
• Capacity to handle different files of the division within a shorter timeframe
• Discipline, rigour and organisational skills as well as proactivity
• Strong qualitative as well as quantitative analytical capacity, including good synthesis skills
• Coordination capacity, including the consolidation of files, the quality control of the content and the external representation
• Pragmatism, flexibility and creativity
• Ability to manage priorities, solution-oriented and willingness to take decisions
• Good knowledge of and interest in the specificities of the financial sector and national economy
• Proficiency in written and spoken French and English. Knowledge of German and Luxemburgish will be considered as an advantage

The successful candidate (m/f) will be hired as public employee (“employé de l’Etat”) under a permanent contract. If the candidate meets the required conditions, s/he will be asked to apply for admission to the status of civil servant (“fonctionnaire de l’Etat”).

Prior to the conclusion of the contract, the candidate must submit an extract from the criminal record (bulletin n°3), dated less than 2 months, in order to prove their conduct and integrity.