Risk Manager - Banking

Reference:
AO882792
Discipline:
Bank, Fund Accounting
Industries
Bank / Fund Administration, Private Equity / Real Estate / Asset Management
Salary:
€75,000 to €85,000 Per Annum
Benefits:
Excellent Banking environment
Town/City:
Luxembourg
Contract Type:
Permanent

KR Recruitment Luxembourg are pleased to be able to assist this Luxembourg based Financial Institution in their efforts to find a Risk Manager.

The Risk Manager will manage important parts of the business, within different sections. The Risk Manager will need to challenge and mentor a team, as well as internal clients. The Risk Manager will therefore have an excellent knowledge of the Luxembourg funds and Banking industry, be quite adept at service delivery, as well as an ability to adapt to changing client needs.

Responsibilities:

Ovrsight and development of all Risk frameworks, limits and parameters

Maintain Risk related policies(such as BCM), procedures and documentation

Monitor and review Risk reporting (liquidity, stress tests, VAR reporting etc.), research and escalate breaches working closely with the Portfolio Management teams, as needed

Prepare reporting on Risk Monitoring and results for use by the different business units, boards of directors and other governance structures

Provide support (including preparation of materials) to the Investment Committee and board functions of the Bank, and similar work to assist the Board and Management Committee

Assist in the implementation of oversight controls to ensure Fund Compliance with regulatory requirements (UCITS, AIFMD etc.)

Point of contact for regulators to include the CSSF and the BCL

Monitor industry developments on Risk Management

Lead/participate in projects and working groups on risk related changes and issues

Requirements:

At least seven years demonstrated career progression in Risk Management(particulary Operational), across all asset classes and financial instruments. Previous supervisory experience is absolutely essential

Extensive knowledge of Risk Reporting and measures e.g. Value at Risk (VaR), related stress and back tests and simulations

Working knowledge of the CSSF and CBI requirements for all parts of the business

Attention to detail and outstanding analytical skills

An undergraduate degree, ideally with a mathematical or statistical bias

Fluent English, with any other European language constituting an advantage

Ability to multi-task, identify, research and resolve unfamiliar issues

Strong organizational skills with ability to prioritize multiple projects/issues

KR Recruitment Luxembourg are pleased to be able to assist this Luxembourg based Financial Institution in their efforts to find a Risk Officer.

The Risk Officer will closely with the Risk Manager to identify risks to all parts of the business.  The Risk Officer will need to have an excellent knowledge of the Luxembourg funds and Banking industry, be quite adept at service delivery, as well as an ability to adapt to changing client needs