Financial risk actuary (m/f)

Mission

The Risk Micro division within the UCI Prudential Supervision and Risk Management Department is in charge of the assessment of the adequacy of the risk management systems implemented by investment fund managers and pension funds by means of the review of the risk management procedures / actuarial reports transmitted to the CSSF and of the performance of on-site inspections.

In this context, you will mainly be in charge of assessing whether the risk management systems as well as the actuarial methods and rules of the pension funds comply with the applicable regulatory requirements.

In addition, you will on an ancillary basis contribute to the assessment of the risk management systems implemented by investment funds managers with the other members of the Risk Micro team.

Role & responsibilities

  • Participate in the off-site review of the risk management system of ASSEPs/SEPCAVs
  • Review the annual actuarial reports, the stress-testing results and the adequacy of the level of technical provisions of the pension fund
  • Prepare and participate, on an ad-hoc basis, in on-site inspections of ASSEPs/SEPCAVs
  • Contribute to the authorization process of ASSEPs/SEPCAVs in relation to investment strategies as well as actuarial methods / rules of pension funds
  • Interact directly with responsible personnel/specialists of the supervised entities
  • Participate in international working groups in the context of the development of the regulatory framework and reporting tools for pension funds
  • Contribute to the off-site reviews of risk management systems of investment fund managers

Your profile

  • Master’s degree in actuarial science
  • A very good understanding of financial instruments as well as related risks
  • A professional experience, ideally of a minimum of 5 years, in the area of pension funds
  • Good knowledge of the regulatory framework (Solvency 2, IORP2) will be an asset
  • Proficiency in written and spoken English, as well as French and/or German. Luxemburgish will be considered as an advantage
  • Communication skill, Ability to work in a team, Ability to work autonomously
  • Critical and analytical skill, Organized

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.

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