Senior Financial Risk Officer

•  Keep up to date the Financial Risk Management Framework (Policies and Procedures for credit, market, and liquidity risks).
• Lead the implementation of new regulations (i.e. CRD VI, CRR III) and CSSF circulars, working together with the Deputy CRO, CRO and external advisors when required. 
• Lead the yearly Model Risk methodology review, assessing existing models for Operational/Non-Operational Deposits for LCR purposes, CVA and stress testing (credit, liquidity -incl. reverse/back testing- operational stress testing, IRRBB and CSRBB), assisted by the CRO and external advisors.
• Prepare applications for the approval of credit, market and settlement risk limits. Review the system set-up and monitor the proper use of approved limits.
• Produce the yearly Business Recovery Plan (BRP) Internal Capital and Liquidity Adequacy Assessment (ICLAAP), Pillar III disclosures and Risk Management Report.
• Draft materials, decks and presentations for the monthly Credit & ALM Committee, drafting of minutes and getting committee member’s approvals.
• Together with colleagues, monitor quantitative regulatory ratios (capital adequacy, LCR, NSFR, Leverage, MREL, Large Exposures), escalating breaches and ensuring compliance with the Risk Appetite Statement.
• Assist the supervisor on replying CSSF requests and BCL/ECB supervisory reviews.
• Act as a back-up of team members involved in Financial Risks monitoring.

Profile:

• University degree in Finance, Banking or Risk Management. FRM, CFA or Master degree desired.
• Minimum 10 years of experience in Financial Risk Management held in a financial institution or asset management firm in Luxembourg or in a EU country.
• Strong knowledge of CSSF circulars (12/552 as amended) and EU regulation (Basel IV).
• Very good writing skills for drafting regulatory reports.
• Familiar in using data and metrics derived from FINREP, COREP and ALMM reports.
• Advanced profiency in the use of Excel Macros, SQL and Power BI.
• Fluent in English