Risk Management Banking - Senior Associate (m/f/d)

Line of Service

Advisory

Industry/Sector

Banking and Capital Markets

Specialism

Conduct and Compliance

Management Level

Senior Associate

Job Description & Summary

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:  

• Build and maintain expertise around key risk topics including identification and assessment (measurement), management and monitoring, governance and ERM framework and related processes, regulatory prudential framework, etc;

• Gather necessary information, conduct quantitative and/or qualitative analysis, prepare reports and presentations;

• Analyse relevant regulatory texts (eg CRR, CRD, Basel Standards) and other industry standards / guidelines (eg EBA Guidelines, RTS / ITS, CSSF Circulars) and derive meaningful insights from a risk management and measurement standpoint;

• Conduct gap analyses, implementation and preparation of the regulatory and risk reports, or disclosures;

• Research and monitor the latest developments and trends in the banking sector and the regulatory landscape;

• Performing market studies and benchmarking exercises;

• Support IT systems and solutions selection and implementation based on client needs and business requirements;

• Develop and maintain relationships with clients and internal stakeholders;

• Execute project management activities and coach junior team members;

• Contribute to the continuous improvement of the team's methodologies, tools and processes;

• Support business development activities (e.g. proposals, marketing materials, etc.);

• Participate in internal and external trainings and knowledge sharing initiatives. 

Let’s talk about you. If you have/are … 

General requirements 

• Master Diploma from a University, an Engineering School or a Business School. 

• Ongoing or completed professional qualification like FRM, PRM, etc. is a strong advantage. 

• 2-3 years of experience (post-graduation) in the Banking industry in the field of risk management.  

• Clear career aspirations in the field of risk management. 

• Practical experience and expertise of at least some 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) 

Basic risk modelling techniques and quantitative analysis (eg stress testing, statistical approaches) 

Technologies and risk management tools 

Risk and regulatory reporting 

• Strong analytical skills allowing to quickly understand a problem, identify possible solutions and key success factors. 

• Ability to apply statistical and mathematical techniques to analyse and interpret complex data sets. 

• Proven capability to work as a part of the team. 

• Ability to communicate effectively with different stakeholders, both internally and externally. 

• Ability to work independently and take proactive ownership of tasks and deliverables. 

• 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. 

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required:

Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Optional Skills

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Not Specified

Available for Work Visa Sponsorship?

Yes

Government Clearance Required?

Yes

Job Posting End Date