Senior Inspector – Banking Risks – On-site Inspection (m/f)
Mission
The “Banking Risks” division within the “On-site Inspection” department is in charge of performing inspections on the following banking risks topics: credit risk, operational risk, ICAAP, Pillar 1, interest rate risk in the banking book.
In this position you will take part in these inspections as head of mission and team member for credit institutions located in Luxembourg and abroad.
Role & responsibilities
- Perform inspections for significant institutions and less significant institutions with involvement in the full process of the inspection:
- Pre-inspection phase (preparation, inspection plan definition, communication with the institution)
- Investigation phase (kick-off meeting, interviews, process analysis, sample and case-by-case analysis)
- Reporting phase (preparation of working papers, writing of report and observations' letter, presentation of the inspection results to the institution)
- When being “head of mission”, the candidate will also have to manage the inspection (deadline, task allocation, team management, review of working papers, etc.)
- Cooperation with specialists of the institutions, with the ECB central on-site supervision team and with off-site supervisors
- Possible participation in drafting teams for the development of new methodologies or enhancement of existing methodologies
Please note that this position will require frequent business trips.
Your profile
- Master’s degree or PHD with a major in Mathematics, Statistics, Financial Mathematics or Economics
- Advanced knowledge in mathematics/statistics
- Proficiency in programming tools (e.g. Python or R)
- Professional experience of at least 3 years in one or several of the following fields: - IFRS 9 credit risk modelling (ECL and staging) ; - ICAAP for the quantification of the economic perspective ; - Pillar 1 IRB credit risk modelling ; - IRRBB (especially modelling aspects for non-maturity deposits)
- Knowledge of the regulatory banking framework (CRR, IFRS 9, technical guidelines [EBA, BCBS, etc.])
- Proficiency in written and spoken French and English. German or Luxemburgish will be considered as an asset
- High sense of confidentiality rules
- As “head of mission”, ability to manage an inspection team
- Willingness and availability to work abroad for long periods of time (more or less 2 consecutive months)
- Excellent writing, analytical, synthesis and communication skills
- Ability to work autonomously and as part of an international team
- Critical thinking, attention to detail and good organization skills
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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