On-site inspector (m/f)

Role & responsibilities

  • Realisation of on-site inspections on the corporate governance framework and practices of:
    • significant credit institutions in Luxembourg and other European countries of the single supervisory mechanism (SSM)
    • less significant credit institutions in Luxembourg
    • investments firms, professionals of the financial sector, payment institutions and electronic money institutions in Luxembourg
  • Analysis of compliance with regulatory requirements in the fields of:
    • Corporate Governance (conduct and collaboration of management bodies and internal control functions)
    • Internal control functions – risk management, compliance, internal audit (position in the supervised entity, quality of work etc.)
    • Business model & profitability assessments
    • Risk data aggregation and risk reporting (RDAR; BCBS 239)
    • Climate risk / transition plan
    • Digitalisation (strategy, implementation, monitoring)
  • Involvement in the full process of inspections:
    • Pre inspection phase (preparation, scope definition, communication with entities)
    • Investigation phase (working program, interviews, testing, conclusions)
    • Reporting phase (drafting of the report and letters)
  • Direct contact with specialists from the ECB central on-site supervision and with off-site supervisory teams
  • Direct contact with specialists of the supervised entities
  • Participation in internal and international working groups on subjects of financial supervision and regulation

Your profile

  • Four or five-year university degree in Economics, Finance or Business Administration and Management
  • Professional experience of more than 5 years
  • Good knowledge of the regulatory framework with regard to risk management and governance
  • Proficiency in written and spoken English and French or German. Luxembourgish and any other language will be considered a serious asset
  • Writing, analytical, synthesis and communication skills
  • Ability to work autonomously and as part of a team
  • Willingness to work abroad

Indemnity Group

The position is classified in salary group A1 in accordance with the remuneration scheme applicable to Luxembourg State employees.

The initial career classification starts from step 3, at grade 12 for recruitment in salary group A1.

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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