As a Luxembourg-incorporated bank since 1979, together with the global presence of Bank of China Group, Bank of China Luxembourg has been successfully operating and continually developing its business over the years, and has contributed to the local and worldwide economic and social development. With more than 40 years of expertise and experience in the European markets, Bank of China Luxembourg extended its roots from Luxembourg to other European countries by setting up various branches in the Netherlands, Belgium, Poland, Sweden, Portugal, Greece and Ireland.
Taking into account the wide regional coverage across Europe and to further unify the brand image, in 2022, Bank of China Luxembourg changed its name to Bank of China Europe, together with the 7 cross border branches across Europe.
Bank of China Europe adheres to the guidance of BOC Group and continues to grow and expand its business coverage across the world, offering comprehensive business solutions to its clients worldwide with its globalized operations and diversified platforms.
Comprising of an international workforce with a multicultural background of 30 different countries and regions with over 390 employees, on this beloved land, with common objectives and a strong brand name that is widely recognized within the financial sector and across various industries, Bank of China Europe is continuously working towards building the bank into a first-class global banking group.
Job purpose:
As part of Risk Management Department in IPU headquarter, the Market & Liquidity Risk team is responsible for assessing and monitoring the financial risks such as:
- Interest Rate Risk in the Banking Book (IRRBB) and Credit Spread Risk in the Banking Book (CSRBB);
- Liquidity Risk (2rd Line of Defense) ;
- Market Risk in Trading Book;
- Counterparty credit risk;
The team leads also the transversal projects and ensures group supervision towards its European entities:
- Transversal projects such as IC(L)AAP, Pillar III report and Recovery Plan;
- Stress testing program;
- Climate & Environment risk (to be extended to ESG risk) assessment for the purpose of stress testing and Pillar II capital requirement;
- Upcoming CRD VI and CRR III implementation and coordination;
- IPU entities coordination and inspection;
The successful candidate will report to the Head of the department and the Director of the Liquidity & Market Risk team.
Your responsibilities within the team will be:
- Design and implement the overall risk framework of IPU, following the principle of the provisions in CSSF circular 20/759;
- Perform materiality assessment of the risks and regularly review the adequacy of the risk indicators thresholds & Limits;
- Contribute to the transversal projects such as IC(L)AAP, Pillar III report and Recovery Plan;
- Participate to program the Bank’s stress testing program and follow up the CSSF’s CR&E (and ESG) risk requirements;
- Prepare comprehensive Market & Liquidity Risk report to Risk Management & Internal Control Committee;
- Follow up findings/recommendations of 3rd Line of defense and external regulator;
- Coordination and supervision of IPU group’s European entities.
Profile (Technical Skills):
- Master degree in Economics, Banking, Finance or related field, a professional certificate such as FRM or (and) SCR is a plus;
- Solid experience in Risk Management and good knowledge on regulatory requirements (CRR&CRD package);
- Strong understanding of financial instruments and market;
- 5-year working experience or above
Profile (Soft Skills):
- Good analytic and synthetic capacity;
- Proactive attitude and team player;
- Fluent in English, and Chinese skill is a plus;
Additional Information
This position is based in Luxembourg and open with immediate effect. Should the above mentioned criteria match your expectations, please don't hesitate to send your English CV by Smart Recruiters.
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