PwC Luxembourg is hiring a Risk Management Banking - Associate (m/f/d). Your mission in this pivotal role is to join our team of experts dedicated to helping PwC clients achieve excellence in risk management practices and ensure compliance with relevant regulatory requirements. You will leverage your expertise 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. This role offers exposure to the dynamic banking sector, focusing on compliance, governance, and financial performance. Be part of a team where you will:
- Develop understanding of key topics around risk including management and measurement, compliance, governance, related processes and financial performance, and their relevant advisory approaches.
- Assist in gathering necessary information, conducting quantitative and/or qualitative analysis, preparing reports and presentations.
- Assist in gap analysis, implementation and preparation of the regulatory and risk reports, or disclosures.
- Analyse relevant regulatory texts (eg CRR, CRD, Basel Standards) and other industry standards / guidelines (eg EBA Guidelines, RTS / ITS, CSSF Circulars) and derive meaningful insights from a risk management and measurement standpoint.
- Research and monitor the latest developments and trends in the banking sector and the regulatory landscape.
- Assist in performing market studies and benchmarking exercises.
- Review and support the advice on IT systems and solutions based on client needs and business requirements.
- Develop relationships with clients and internal stakeholders.
- Assist in project management activities.
- Contribute to the continuous improvement of the team's methodologies, tools and processes.
- Participate in internal and external training, and knowledge sharing initiatives.
Eligibility / Qualification Required:
- General Requirements:
- Master Diploma from a University, an Engineering School or a Business School.
- Experience (including internships) in the Banking industry in the field of risk management is a strong advantage.
- Genuine interest in risk management topics and willingness to keep up-to-date with latest developments / trends is expected.
- Good knowledge of at least, some of the following areas:
- Banking business models and key risks (eg, credit, liquidity, market, operational, etc.)
- Enterprise risk management framework components and concepts (COSO)
- Risk management process (risk identification, assessment, aggregation, steering and monitoring)
- 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)
- Basic risk modelling techniques and quantitative analysis (eg stress testing, statistical approaches)
- Technologies and risk management tools
- Strong analytical skills allowing to quickly understand a problem, identify possible solutions and key success factors.
- Ability to apply statistical and mathematical techniques to analyse and interpret complex data sets.
- Proven capability to work as a part of the team.
- Ability to communicate effectively with different stakeholders, both internally and externally.
- Ability to work independently and take proactive ownership of tasks and deliverables.
- 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):
- Good understanding of risk modelling techniques and quantitative analysis (eg stress testing, statistical approaches).
- Good knowledge of risk modelling, and data management frameworks and standards (eg, IRB, IFRS 9, IRRBB, expected Shortfall, Monte Carlos Simulation BCBS 239, etc.).
- Good knowledge 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.
- Additional Skills Mentioned: Accepting Feedback, Active Listening, Anti-Money Laundering (AML), Coaching and Training, Communication, Compliance Advisement, Compliance Oversight, Compliance Program Implementation, Compliance Risk Assessment, Confidential Information Handling, Contract Review, Contractual Risk Mitigation, Contractual Risk Monitoring, Contract Writing, Crisis Management, Data Loss Prevention (DLP), Data Security, Discretion and Business Ethics, Emotional Regulation, Empathy, Financial Risk Management, Governance Framework, Inclusion, Intellectual Curiosity. (Further 27 skills were not explicitly listed in the provided text.)
- Desired Languages: Not specified (English mandatory, French/German an asset).
- Travel Requirements: Not Specified.
- Available for Work Visa Sponsorship? Yes.
- Government Clearance Required? No.
General Conditions:
General conditions are not specified in the provided text.
How to Apply:
Application instructions are not specified in the provided text.
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