Financial Risk Specialist - Market Risk

Quintet Luxembourg, Luxembourg, LUX, L-2955
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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 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.


As part of the Group Risk Control function, the Financial Risk & Reporting (FRR) department is:


•    In charge of assessing and supervising the financial risks arising from the Group activities across its entities;
•    The central architect of the function risk data warehouse dedicated to regulatory and internal risk reports;
•    The central partner for transversal risk projects such as the ICLAAP or recovery plan; and
•    The competence centre for quantitative and modelling activities for the function.


To reinforce the team, we are actively looking for a motivated Financial Risk Specialist (Market Risk) - f/m/x, who will support the monitoring of our Market risk across the group from a 2nd line of defence perspective and provide tactical support to the wider FRR organization. The candidate will report to the Group Head of Financial Risk.
 

 

Key Accountabilities

 

  • Be a key contributor to the Market Risk management activities of the Bank, with a focus on Banking Book (IRRBB/CSRBB) activities but also some exposure to Trading Book and investment risk monitoring activities
  • From an IRRBB/CSRBB perspective (ca. 80%):
  • Own the end-to-end execution of the EVE and NII production, reporting, monitoring and oversight
  • Review and challenge new investment proposals from ALM, the Bank's strategic plan or tactical business decisions
  • Assess regulatory impacts of new regulations and provide guidance for implementation
  • Participate in quantitative research to fine tune/develop model assumptions and at-tributes
  • Participate in annual review activities such as ICAAP, Recovery Plan and Risk Appetite Review
  • From a Trading Book / Investment Risk perspective (ca.20%), 
  • Support, in rotation with other colleagues, the production of the daily and monthly trading reports for Treasury, FX and Structured Products
  • Participate in the oversight of key risk indicators for Investment and climate and envi-ronmental risks, in collaboration with the Group Investment team
  • Actively engage with stakeholders such as Finance, Treasury, ALM, local entities or business teams on market risk topics
  • Prepare executive risk reporting for senior stakeholders of the Bank, including the ALCO, the Executive Committee, and the Board of Directors.
  • Maintain a strong control environment for all elements of IRRBB, CSRBB and Trading Book re-porting
  • Maintain and improve the risk data capture and reporting processes (e.g. migrating set of re-ports into Microsoft PowerBI)

Knowledge and Experience

 

  •  Advanced Degree in a business/technical discipline (finance, mathematics, physics, engineering, IT)
  • 3+ years of proven experience in similar activities
  • Good understanding of Market and Liquidity Risk Manage-ment in financial services
  • Strong exposure to Risk and/or Finance departments 
  • Knowledge of SQL
  • CFA or FRM certification is a plus
     

Attributes and Qualities

 

  • High interest in financial risk management as opportuni-ties to work on transversal risk streams are numerous 
  • Strong appetite for building/reinforcing expertise on Pow-erBI, SQL and Risk Data in general 
  • Profound stakeholder management skills
  • Strong attention to detail, pro-active, can-do attitude, and a team player
     

Technical Skills

 

Essential skills:

  • Proficiency in SQL scripting
  • Ability to manipulate large sets of data
  • Proficiency in ETL Tools such as SSIS, Talend Studio, Alteryx or KNIME
  • Proficiency in MS Office (with focus on Excel VBA, PowerQuery and Access) 

Desirable skills, but not required:

  • Knowledge of Data Visualization tools such as Microsoft PowerBI, Tableau or Qlik
  • Knowledge of Bloomberg
  • Knowledge of Kondor+
     

Languages Skills

 

  • Fluent in English
  • French or German is an advantage
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