Finance Regulation & Solution Analyst

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. Compared to others, we are small (<2,000 employees across 50 European and UK locations) 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. 

 

The successful candidate will work as part of the Finance function for the Group. She/he will be part of the Finance Regulation & Solutions department which monitors banking regulations related to financial reporting (including capital requirements CRR/CRD), and define/implement the corresponding application into the accounting and reporting tools. The successful candidate will work on a wide range of projects and transformation initiatives driven by the strategy of the Group. 

Key Accountabilities

 

 

  • Act as an expert in prudential regulation by identifying, analysing and assessing the impact of prudential (CRD/CRR) regulatory change on the Bank and its subsidiaries/branches and then, inform relevant stakeholders within the Group. 
  • Implement regulatory requirements and changes (CRR/CRD, EBA guidelines and technical standards) into the accounting and reporting tools (regulatory reporting engine – OneSumX – WKFS, Magnitude SAP BO FC, Power BI, etc). 
  • Monitor the evolution of the reporting engine, seek automation and support users. 
  • Manage data (definition, controls, lineage) in line with BCBS239 principles.  
  • Monitor EBA, CSSF, IFRS and other relevant publications to provide a central point of expertise, knowledge and advice. 
  • Actively participate in translating directives and regulations into practical business requirements. 
  • Provide expertise, knowledge and advice for the management and Finance users with regards to the application of the financial regulation and the best ICT process. 
  • Analyse the regulatory constraints and impacts of new products/activities considered by the Group. 
  • Support the financial regulatory reporting team to meet all new regulatory requirements in time and with the required quality.    

Knowledge and Experience

 

  • Master in Finance, Risk or IT. 
  • Experience in delivering projects. 
  • 5+ years of Experience in the banking sector in regulatory reporting (FinRep, LiqRep, CoRep and statistics) with a combination of IT and functional responsibilities. 

Attributes and Qualities

 

  • Solid analytical skills. 
  • Excellent written and verbal communication skills.  
  • Strong aptitude in understanding complex regulatory requirements. 
  • Ability to work independently and take initiative, set priorities, and see projects through to completion. 
  • Courage to report issues and offer analysis of the practical solutions. 

Technical Skills

 

  • Strong background in SQL and OneSumX from WKFS.  
  • Any skills in Power BI are an advantage. 
  • Strong knowledge of European and Luxembourg financial and prudential regulation. 
  • Good knowledge in the valuation methodologies of financial instruments (IFRS, financial theory and practical processes).  

Languages Skills

 

  • Fluent/advanced in French and English. 
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