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

La Commission de Surveillance du Secteur Financier (CSSF) est un établissement public, responsable de la surveillance de l’ensemble de la place financière du Luxembourg, à l’exception du secteur des assurances.

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