Risk Management Banking

Pwc Luxembourg is hiring a 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:

• Prepare proposals and address client requests.
• Prepare client engagement materials and conduct preliminary research.
• Build and maintain client relationships.
• Liase with clients to understand their risk management-related problems and help design optimal, tailored solutions for their size and business model.
• Project management:
• Manage engagement teams to meet client expectations within agreed timeframes.
• Actively coach junior team members.
• Monitor progress and ensure timely escalation.
• Drive stakeholder engagement and communications.
• Complete administrative tasks (e.g., budget monitoring, invoicing, team planning, etc.).
• Knowledge management:
• Stay informed of current business and industry trends.
• Maintain professional knowledge up-to-date (e.g., best practices, emerging risks, new regulatory frameworks, etc.).
• Share knowledge with the team via technical meetings and dedicated training sessions.
• Contribute to the continuous improvement of the team's methodologies, tools and processes.
• Team management:
• Ensure adequate planning of resources across the team.
• Ensure proactive learning and development activities.
• Foster an inclusive and team-oriented environment.
• Contribute 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 best practices and regulatory expectations (e.g., 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 (e.g., 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 (e.g., 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 relationships 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 (e.g., stress testing, statistical approaches).
• Practical experience and expertise in risk modelling (e.g., IRB, IFRS 9, IRRBB, expected Shortfall, Monte Carlos Simulation, etc.).
• Practical experience and expertise in data management frameworks and standards (e.g., 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

We are a unique place in Luxembourg where you can benefit from unique advantages:

• Flexibility and remote work: flexible working hours and seven satellite offices along the three borders, to ease your commuting.
• Competitive compensation and benefits: performance bonus, end-of-year premium, complementary health insurance options, extra-legal optional pension scheme, mobility package including car or bike budget, carsharing and carpooling options.
• Daily facilities to improve your working life: canteen and coffee corners, daily fresh fruits, dry cleaning, bancomat among others.
• Wellbeing: an extensive health program that includes workshops related to mental, emotional and physical health, as well as a fitness room and classes, nap room, physiotherapist, massage and beauty care.
• Abundant learning and growing possibilities: a wide range of physical training, e-learnings and material at your disposal to improve your soft and hard skills.
• Family-friendly work-life schemes, supporting you in every phase of your life, including working from abroad initiatives.
• International PwC network: access to industry expertise, through our wide global network of member firms or internal move.