Head of Financial Risk - 100% (m/f/d)

Job description

As Head of Financial Risk at Julius Baer, you are responsible for developing and implementing financial risk management. This includes identifying, measuring, monitoring, and communicating financial risks in accordance with local regulatory requirements.

Tasks

• Lead and further develop the bank’s financial risk management framework, including liquidity risk, interest rate risk in the banking book (IRRBB), market risk, and counterparty credit risk, in accordance with group guidelines and local regulatory requirements.
• Ensure full compliance with relevant EU regulations in Luxembourg, in close collaboration with the Legal and Compliance departments and external regulatory authorities.
• Oversee the development, validation, and ongoing monitoring of critical risk models in strict compliance with model risk governance protocols; collaborate with quantitative analytics and independent model validation teams as needed.
• Drive the development and implementation of internal stress testing programs, including scenario design, impact analysis, and integration into capital and liquidity planning processes (ICAAP/ILAAP).
• Create and present high-quality risk reports and dashboards for the local management committee, the board of directors, group risk management, and regulatory authorities to ensure clarity, accuracy, and the ability to take action.
• Promote the effective use of risk systems and infrastructure by encouraging improvements that enhance automation, data quality, and scalability.
• Serve as a key point of contact between local management, corporate functions (Risk, Finance, Treasury, IT), and external stakeholders to foster a comprehensive understanding of financial risks across the entire organization.
• Provide strategic guidance and mentorship to your direct reports to foster a high-performance culture based on learning, accountability, and ethical conduct.
• Confidently represent the bank in discussions with regulatory authorities and internal audit bodies by demonstrating your knowledge of technical matters and the effectiveness of controls.

Requirements

• University degree in finance, economics, mathematics, engineering, or a quantitative discipline; advanced academic qualifications (master's or PhD) preferred.
• At least 10 years of experience in financial risk management at international private banks.

Required skills and qualities

• Ownership and Integrity: Take responsibility for results; act in accordance with ethical and regulatory standards.
• Precision and discipline: Deliver thorough, technically sound work under tight deadlines; pay close attention to detail.
• Collaborative spirit: Build trust across organizational boundaries; communicate clearly and constructively.
• Leadership and Development: Empower others through coaching and feedback; foster talent for the long term.
• Resilience and Attitude: Maintain your effectiveness during times of change or pressure—essential in a regulated environment.

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