Mission

The Banking Risks division within the On-site Inspection department is in charge of realizing 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 as well as team member for credit institutions located in Luxembourg and abroad.

Role & responsibilities

  • Participation in inspections for significant institutions and less significant institutions in Luxembourg and abroad.
  • Involvement in the full process of inspections:
    • 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 (writing of report and observations' letter, presentation of the inspection results to the institution).
  • Cooperation with specialists of the supervised credit 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 with a major in Economics, Finance, Mathematics or Business Administration / Management.
  • Professional experience of at least 7 years in one or several of the following fields (for example, through an experience either in a department in charge of mathematical financial risks/asset valuation in an audit firm or in a credit institution, or as on-site inspector):
  • Credit risk (especially IFRS 9 [ECL and staging], asset valuation, impairment process and complex loan structuration);
  • ICAAP (especially quantification of the economic perspective);
  • Pillar 1 (especially advanced methods in credit risk, market risk or operational risk).
  • Good knowledge of the Luxembourg (Laws, regulations, circulars) and international regulatory banking framework (CRR, IFRS 9, technical guidelines [EBA, BCBS, etc.]).
  • Proficiency in written and spoken French and English. German and/or Luxemburgish will be considered as an asset.
  • Writing, analytical, synthesis and communication skills.
  • Ability to manage an inspection team.
  • Ability to work autonomously and as part of an international team.
  • Willingness and availability to work abroad for long periods of time (2 to 4 consecutive months).

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.