Credit Risk & ALM Risk Officer

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

Qualifications

• 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

Additional Information

• 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.

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