Credit Risk & ALM Risk Officer

AI overview

The role involves providing independent oversight of credit risk and ALM activities, ensuring compliance with governance and enhancing risk management frameworks.

The Credit Risk & ALM Risk Officer will be responsible for:

Providing independent Second Line of Defence (2LOD) oversight of credit risk and ALM activities, focusing on loan origination, credit monitoring, and treasury-driven ALM decisions.
Credit Risk Management:
- Perform and oversee regular loan controls, ensuring adherence to credit lending policy
- Contribute to credit-worthiness and collateral risk assessments for new lending requests
- Support the review and enhancement of pledge-rate methodologies across asset classes
ALM Activities:
- Perform and oversee ALM-related controls to ensure alignment with ALM policy
- Develop and monitor the treasury counterparty onboarding and monitoring framework
- Conduct SICR assessments and lead ongoing monitoring of financial counterparties
Risk Calculations:
- Perform credit risk capital requirements and Expected Credit Loss (ECL) calculations
- Governance, Reporting and Risk Framework:
- Continuously assess and enhance the control framework
- Prepare reports for management, regulators, and internal committees
- Support the enhancement of risk management policies and departmental procedures
- Provide risk assessments for new products and services

University degree in business, economics, finance or related field, with 5+ years of banking experience in Luxembourg or the EU
Demonstrated experience in risk monitoring, oversight, and challenge of first line activities
Advanced understanding of regulatory requirements, capital requirements, and EBA guidelines on loan origination and monitoring
Proficiency in MS Office (especially MS Access) and Bloomberg Terminal
Excellent communication skills in English (written and verbal); French is an asset
Strong analytical, problem-solving, and decision-making capabilities
Ability to manage multiple priorities and work collaboratively across teams and functions
Commitment to continuous learning and professional development

A chance to work in a high-performing team in a collaborative environment.
A comprehensive benefits package including annual performance bonus, occupational pension scheme, share plan, concierge services, 34.5 paid holidays, and more
A great work environment in our offices located at Luxembourg’s Kirchberg financial district.

SQ1

Perks & Benefits Extracted with AI

Collaborative work environment: A chance to work in a high-performing team in a collaborative environment.
Paid Time Off: 34.5 paid holidays