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

La Commission de Surveillance du Secteur Financier (CSSF) agit exclusivement dans l’intérêt public. Notre ambition est de protéger les consommateurs financiers et de promouvoir l’équité, la transparence et la sécurité du secteur financier, l’un des principaux piliers de l’économie luxembourgeoise.

La CSSF se distingue également par sa forte implication sur le plan européen et international. Nos collaborateurs participent activement aux groupes de travail constitués auprès des institutions internationales et travaillent en étroite collaboration avec les autres autorités européennes avec comme objectif commun de promouvoir la stabilité financière sur la scène européenne et internationale.

Mission

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.

Profil

• 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