Line of Service
AdvisoryIndustry/Sector
Banking and Capital MarketsSpecialism
Conduct and ComplianceManagement Level
ManagerJob Description & Summary
Pwc Luxembourg is hiring an Risk Management Banking - Manager (m/f/d). What if it was you?
Who we are:PwC Luxembourg (www.pwc.lu) is the largest professional services firm in Luxembourg with over 3,700 people employed from 94 different countries. PwC Luxembourg provides audit, tax and advisory services including management consulting, transaction, financing and regulatory advice. The firm provides advice to a wide variety of clients from local and middle market entrepreneurs to large multinational companies operating from Luxembourg and the Greater Region. The firm helps its clients create the value they are looking for by contributing to the smooth operation of the capital markets and providing advice through an industry-focused approach.
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with over 364,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com and www.pwc.lu.
Your mission: In this role, you will join our team of experts who help PwC clients to achieve excellence in risk management practices and to ensure compliance with the relevant regulatory requirements. You will use your skills and knowledge to provide innovative solutions, tailored advice, and effective implementation of risk frameworks and systems for banks, investment firms and other financial institutions in Luxembourg and globally.
Be a part of our team where you will:
Business development:
preparing proposals and addressing clients requests
preparing the client engagement materials / preliminary research
organising client workshops, events
building and maintaining client relationships
liaising with clients to understand their risk management-related problems, and help design optimal, tailored solutions for their size and business model
Project management:
managing engagement teams to meet client expectations within agreed timeframes
actively coaching junior team members
monitoring progress and ensuring timely escalation
driving stakeholder engagement / communications
completing administrative tasks (eg, budget monitoring, invoicing, team planning, etc.)
Knowledge management:
staying informed of current business and industry trends
maintaining professional knowledge up-to-date (eg, best practices, emerging risks, new regulatory frameworks, etc.)
sharing knowledge with the team via technical meetings / dedicated training sessions
contributing to the continuous improvement of the team's methodologies, tools and processes
Team management
ensuring adequate planning of resources across the team
ensuring proactive learning & development activities
fostering an inclusive and team-oriented environment
contributing to the continuous improvement of the team's methodologies, tools and processes
Projects landscape may vary, and a non-exhaustive list of examples may include:
Gap analyses and assessment of various components of the risk management framework against the best practices and / or regulatory expectations (eg, CRR, CRD, Basel Standards)
Benchmarking of risk practices against peer institutions
Implementation of necessary changes / new elements pertaining to the risk management framework
Preparation / review / implementation of the regulatory and risk reporting, disclosures
Quantitative analysis and modelling (incl. stress-testing, scenario analysis, etc.)
Assistance in selection and implementation of IT systems/solutions
Organisation of training sessions and workshops
Let’s talk about you. If you have/are …
General requirements
Master Diploma from a University, an Engineering School or a Business School.
Attainment of professional qualification like FRM, PRM, etc. is a strong advantage.
At least 5 years of experience (post-graduation) matured in the Banking industry in the field of risk management. Practical experience and technical expertise is expected in at least some of the following areas:
Banking business models and key risks (eg, credit, liquidity, market, operational, etc.)
Enterprise risk management framework components and concepts (COSO)
Key EU regulations guiding banking risk management practices (incl. Basel Framework and CRD/CRR, plus related technical standards; ECB and CSSF guidelines and circulars)
ESG risks (emerging topic, relevant guidelines / best practices aimed at financial institutions)
Risk modelling techniques and quantitative analysis (eg, stress testing, statistical approaches)
Technologies and risk management tools
Risk and regulatory reporting
Strong analytical skills, coupled with the ability to quickly understand a problem, identify possible solutions and key success factors, as well as assimilate new knowledge.
Experience in the application of statistical and mathematical techniques to analyse and interpret complex data sets.
Ability to communicate effectively with different stakeholders, both internally and externally, to build long-term relationship and manage expectations.
Ability to work independently, take proactive ownership of tasks/deliverables and adequately allocate work to other team members.
Experience in leading projects and coaching junior resources is expected.
Excellent computer skills (MS Office suite) are required for this role.
Excellent command of written and verbal communication in English is mandatory. Knowledge of French and/or German are considered an asset.
Specific requirements (only applicable for profiles with more quantitative background):
Practical experience and expertise in risk modelling techniques and quantitative analysis (eg, stress testing, statistical approaches).
Practical experience and expertise in risk modelling (eg, IRB, IFRS 9, IRRBB, expected Shortfall, Monte Carlos Simulation, etc.).
Practical experience and expertise in data management frameworks and standards (eg, IRB models requirements, BCBS 239, etc.).
Practical experience and expertise in programming languages such as VBA, SQL, Python and/or R.
Attention to detail and accuracy in producing and validating risk models and respective reports.
…You are the candidate we are looking for!
A final word about us:
At PwC, we believe diversity is the representation of all the characteristics that make us both alike and unique. Our backgrounds, cultures, nationalities, lifestyles, identities, opinions and beliefs, approaches to solving problems, ways of working, and views of personal and professional success, all add value to the services we deliver to our clients. Our objective is to nurture an inclusive environment where a diversity mindset is ingrained, and inclusion is the norm. We constantly focus on respecting and valuing individual differences.
Ready to grow your potential, reaching excellence together? Apply now!
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Degrees/Field of Study required:Degrees/Field of Study preferred:Certifications (if blank, certifications not specified)
Required Skills
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Travel Requirements
Not SpecifiedAvailable for Work Visa Sponsorship?
YesGovernment Clearance Required?
YesJob Posting End Date
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 152 countries with over 327,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity.
Content on this page has been prepared for general information only and is not intended to be relied upon as accounting, tax or professional advice. Please reach out to your advisors for specific advice.