Economist with orientation finance – Depositor and investor protection expert (m/f)
Mission
You will be part of a specialized team in charge of depositor and investor protection. You will actively participate in the department’s day-to-day tasks by contributing to its proper functioning in general and by bringing in new ideas in particular.
Following the entry into force of the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, the missions exercised in the past by the Association pour la Garantie des Dépôts, Luxembourg (AGDL, Deposit Guarantee Association, Luxembourg) have been taken over by the Fonds de garantie des dépôts Luxembourg (FGDL, Luxembourg Deposit Guarantee Fund) and the Système d’indemnisation des investisseurs Luxembourg (SIIL, Investor Compensation Scheme Luxembourg). The Conseil de protection des déposants et des investisseurs (CPDI, Council for the Protection of Depositors and Investors), an internal executive body of the CSSF, is the designated authority which administers the FGDL and the SIIL.
Role & responsibilities
- Ensure legal and regulatory monitoring in general and in particular in cooperation with other relevant CSSF’s departments [including prudential supervision and resolution departments], the Ministry of Finance and the Association des Banques et Banquiers, Luxembourg (ABBL, Luxembourg Bankers’ Association)
- Participation in CSSF internal working groups
- Assess and follow up the necessary improvements to be implemented in the FGDL IT application depending on the real-life compensation cases faced in during past or current FGDL reimbursement campaigns
- Calculation of regular contributions and ensure the obtention of necessary data from other prudential supervision departments of the CSSF and from FGDL member institutions, as well as the follow-up in the tax management system of the CSSF
- Calculation of administrative contributions, including estimated future costs for the FGDL and the follow-up in the tax management system of the CSSF
- Follow-up of questions raised by FGDL members institutions on the “SCV Validator” and coordination with IT department of the necessary IT developments
- Participate to on-site inspections and monitor the follow-up of the remediation measures
- Ensure the planning, the execution and reporting of regular stress tests
- Take part in international working groups (European Forum of Deposit Insurers, EFDI / European Banking Authority, EBA…), follow-up the publication and ensure that the FGDL contributes efficiently to international work
- Participate in the overhaul of the SIIL legal framework (coverage, financing, reporting…)
- Contribute to the analysis of practical questions raised by market players and update the Frequently Asked Questions
- Participate in ongoing reimbursement campaigns and their follow-up
Your profile
- University degree (Bac +4/+5) in economics or finance
- Proven professional experience of at least 5 to 7 years in the financial sector
- Strong interest for the financial sector, financial risk management, quantitative, statistical or econometric approaches and dedicated issues related to depositor and investor protection legal and regulatory framework
- Very good proficiency in written and spoken French and English. Knowledge of German and Luxembourgish will be considered as an advantage
- Computer programming skills, VBA and SQL
- Knowledge of Word, Excel and PowerPoint
- Excellent writing, analytical, synthesis and communication skills
- Very good organizational skills, rigour and proactivity and ability to think critically
- Dynamic and motivated to learn and interact in a constantly changing legal environment
- Ability to work independently and as part of a team
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.
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