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

Tasks

• Lead and further develop the financial risk management framework for the bank, 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.
• Ensuring full compliance with relevant Luxembourg and EU regulations, in close cooperation with the legal and compliance departments and external supervisory authorities.
• Oversee the design, validation, and ongoing monitoring of critical risk models with strict adherence to model risk governance protocols; collaborate with quantitative analytics and independent model validation teams, as applicable.
• Preparing and executing the development and implementation of internal stress test programs, including scenario design, impact analysis, and integration into capital and liquidity planning processes (ICAAP/ILAAP).
• Prepare and present high-quality risk reports and dashboards for the local management committee, board of directors, Group Risk, and regulatory authorities to ensure clarity, accuracy, and the ability to take action.
• Promoting the effective use of risk systems and infrastructure, advocating improvements that enhance automation, data quality, and scalability.
• Serve as a key point of contact between local management, group functions (risk, finance, treasury, IT), and external stakeholders to promote a comprehensive understanding of financial risks.
• Provide strategic leadership and mentorship to direct reports to foster a high-performance culture based on learning, accountability, and ethical behavior.
• Represent the bank confidently in discussions with regulatory authorities and internal audit bodies to demonstrate technical knowledge and control effectiveness.

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 within internationally active private banks.
• Familiarity with model risk management lifecycles, including champion/challenger approaches and backtesting disciplines.
• Holders of professional certification (FRM, CFA, PRM) or equivalent qualifications – highly regarded.

Core competencies

• Ownership & Integrity: Takes responsibility for results; acts consistently with ethical and regulatory standards.
• Precision & Discipline: Delivers thorough, technically sound work under tight deadlines; pays attention to detail.
• Collaborative spirit: Builds trust across organizational boundaries; communicates clearly and constructively.

We offer