Head of division (full time) (m/f)

Mission

You will be in charge of the coordination of all the missions of the division “Financial Risks” within the “Macroprudential Risks and Financial Risks” department. The division is responsible for monitoring internal models and assisting in matters related to financial risks incurred by the banks.

The tasks of this division include, notably:

• Monitoring of financial risks, among others: credit (including counterparty) risk, market risk, risk of leverage
• Assessment and control of the banks’ internal models (internal ratings, risk models)
• Definition of prudential standards and drafting of the documentation regarding risk management
• Development of tools for the monitoring, comparative analysis and control of the regulatory data quality
• Analysis of the regulatory reporting in relation to financial risks and own funds
• Participation in the work and meetings at European and international level (ECB, EBA, BCBS)
• Support and training function for the permanent supervision of banks within the area of expertise of the division
• Implementation and management of the centres of competence relating to financial risks
• Support to the banking line supervisors for the analysis of regulatory own funds (composition, eligibility, limits, distributions)
• Coordination and performance of Quantitative Impact Studies related to new prudential regulations

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 approach, ability to achieve and make decisions
• Good knowledge of and interest in the specificities of the national financial sector and 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.