Mission

You will be joining a small team of experts on the review of internal models for credit and market risk within the banking supervision department and in charge of a broad set of complex tasks and analyses related to banks’ internal models, including on-site inspections. You will also be supporting line supervisors in your area of expertise and represent the CSSF at international fora in relation to internal models.

Role & responsibilities

  • Monitor the performance of banks' internal models, with a special focus on internal ratings-based (IRB) approaches for credit risk
  • Assess compliance of internal models with regulatory requirements
  • Participate in the design of monitoring tools at national and international level
  • Support line supervisors in their supervision and understanding of model-related issues
  • Take part in on-site inspections covering internal models
  • Participate in European/international working groups on regulation and policy issues

Please note that this position will require frequent business trips.

Your profile

  • Master degree (BAC +4/+5) with a strong focus on quantitative approaches (mathematics, statistics, econometrics or finance)
  • At least 2 years of professional experience in the financial sector in relation with risk management or risk modeling
  • Knowledge of the regulatory framework (CRR/CRD) is a strong asset
  • Proficiency in written and spoken English and French. Knowledge of German or Luxembourgish will be considered as an advantage
  • Excellent writing, analytical and synthesis skills
  • Ability to work autonomously and as part of a team
  • Availability for missions abroad

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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Next steps

  1. Our HR team will perform a pre-screening of all candidate files before transmitting applications to the respective hiring managers.
  2. Chosen candidates will be contacted for HR & business interviews, followed by a written test. At this point, we will also require a recent extract of your criminal record. Depending on the number of entries, the gravity of the offence(s) and the date of the conviction(s), a candidate may be excluded from the recruitment process.
  3. Following the interview process, the applications of selected candidates will be submitted to the head of department and/or a member from our board of directors for a potential additional interview.
  4. The successful candidate will be hired as public employee (“employé de l’État”) and, if s/he meets the required conditions, s/he will be asked to apply for admission to the status of civil servant (“fonctionnaire de l’Etat”).

Please have a look at our FAQ to find additional guidance on our recruitment process.


For diplomas obtained outside of Luxembourg, Belgium or The Netherlands, we additionally require proof of their equivalence with national standards. While you may send your application without it, we encourage you to request this straight away in order to avoid delays later on in our recruitment process. Additional details can be obtained from the Ministère de l’Enseignement Supérieur et de la Recherche for university level degrees or on guichet.public.lu for A-level (BAC) diplomas or other qualifications.

Please have a look at our FAQ to find additional guidance on our application and recruitment process.