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Transversal Risk Specialist (1-year fixed-term contract)

Luxembourg, LU, L-2955

Purpose of the Job

 

Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. 
We are a bank headquartered in Luxembourg , with branches in Germany, Netherlands and Belgium and a subsidiary in the UK and supervised by the ECB with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth.

When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes. 

 

We are looking for a temporary replacement of a Transversal Risk Specialist in the Group Risk Function (1-year fixed term contract). In this role, you will be exposed to a wide range of enterprise-wide risk matters and contribute to the implementation and enhancement of our climate & environmental risk management framework, the Internal Capital and Liquidity Adequacy Assessment Process (ICAAP/ILAAP), recovery & resolution planning, and internal and external risk reporting.

Key Accountabilities

 

  • Climate & Environmental (C&E) Risk Management
    • Risk identification and materiality assessment of physical and transition risks as part of the ICAAP
    • Support in the preparation of certain quantitative and qualitative disclosures via the Corporate Sustainability Reporting Directive (CSRD) and the Pillar 3 Report 
    • Further development of risk quantification and stress testing approaches for C&E risk
    • Oversight of the C&E risk management framework; preparation of regular C&E risk reporting to Senior Management

 

  • Internal Capital and Liquidity Adequacy Assessment Process (ICLAAP)
    • Organisation of the annual risk identification and materiality assessment process for ICLAAP purposes
    • Regular review and update of key assumptions and methodological assumptions underlying the economic and normative perspective of the ICLAAP
    • Specification of adverse scenarios for the normative perspective and recovery planning
    • Compilation of the annual ICLAAP package to be submitted to the regulator

 

  • Recovery and resolution planning
    • Maintenance of governance and procedural arrangements for both the planning and execution of recovery and resolution
    • Review and update of recovery indicators and suite of recovery options, including feasibility and impact assessment
    • Preparation of annual resolution planning package and reporting 

 

  • Regulatory Watch: Screen and assess new regulation and supervisory practices with regards to enterprise risk frameworks

 

  • Internal and external risk reporting
    • Design, standardize, optimize and/or automate risk reports
    • Execute risk reporting/monitoring/escalation processes (for instance for the risk appetite) in line with internal policies & procedures

Knowledge and Experience

 

  • University degree, preferably in Economics, Finance, Law, Mathematics/Statistics, Engineering or similar
  • 3-5 years of relevant professional experience in (transversal) risk management matters, gained in a financial institution or consultancy firm
  • Knowledge of internal risk management concepts (risk appetite, ICLAAP, recovery & resolution planning etc.)
  • Knowledge of relevant EU banking regulation (CRR/CRD, SREP, EBA/ECB/BCBS guidelines etc.) and supervisory practices in the SSM
  • Experience with the asset/wealth management industry and custodian activities 
  • Project management skills

Attributes and Qualities

 

  • Analytical & problem-solving mindset
  • Working efficiently and accurately under pressure and against deadlines
  • Attention to detail
  • Autonomous
  • Excellent interpersonal skills & capacity to build relationships across the organization
  • Excellent presentation and communication skills

Technical Skills

 

  • MS Office suite
  • Additional programming languages are considered a plus

Languages Skills

 

  • Fluent in English

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