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Senior Inspector – Banking Risks – On-site Inspection (m / f)

Commission de Surveillance du Secteur Financier (CSSF)Luxembourg, LU

30+ days ago

Job description

Mission

The “Banking Risks” division within the “On-site Inspection” department is in charge of performing inspections on the following banking risks topics : credit risk, operational risk, ICAAP, Pillar 1, interest rate risk in the banking book.

In this position you will take part in these inspections as head of mission and team member for credit institutions located in Luxembourg and abroad.

Role & responsibilities

Perform inspections for significant institutions and less significant institutions with involvement in the full process of the inspection :
Pre-inspection phase (preparation, inspection plan definition, communication with the institution)
Investigation phase (kick-off meeting, interviews, process analysis, sample and case-by-case analysis)
Reporting phase (preparation of working papers, writing of report and observations' letter, presentation of the inspection results to the institution)
When being “head of mission”, the candidate will also have to manage the inspection (deadline, task allocation, team management, review of working papers, etc.)
Cooperation with specialists of the institutions, with the ECB central on-site supervision team and with off-site supervisors
Possible participation in drafting teams for the development of new methodologies or enhancement of existing methodologies

Please note that this position will require frequent business trips.

Your profile

Master’s degree or PHD with a major in Mathematics, Statistics, Financial Mathematics or Economics

Advanced knowledge in mathematics / statistics

Proficiency in programming tools (e.g. Python or R)

Professional experience of at least 3 years in one or several of the following fields : - IFRS 9 credit risk modelling (ECL and staging) ; - ICAAP for the quantification of the economic perspective ; - Pillar 1 IRB credit risk modelling ; - IRRBB (especially modelling aspects for non-maturity deposits)

Knowledge of the regulatory banking framework (CRR, IFRS 9, technical guidelines [EBA, BCBS, etc.])

Proficiency in written and spoken French and English. German or Luxemburgish will be considered as an asset

High sense of confidentiality rules

As “head of mission”, ability to manage an inspection team

Willingness and availability to work abroad for long periods of time (more or less 2 consecutive months)

Excellent writing, analytical, synthesis and communication skills

Ability to work autonomously and as part of an international team

Critical thinking, attention to detail and good organization skills

The successful candidate (m / f) will be hired as public employee (“employé de l’Etat”) under a permanent contract. If the candidate meets the required conditions, s / he will be asked to apply for admission to the status of civil servant (“fonctionnaire de l’Etat”).

Prior to the conclusion of the contract, the candidate must submit an extract from the criminal record (bulletin n°3), dated less than 2 months, in order to prove their conduct and integrity.

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Inspector Inspection • Luxembourg, LU