Risk Management Banking - Associate (m/f/d)

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Job Description & Summary

Pwc Luxembourg is hiring a Risk Management Banking -  Associate (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:  

• 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. 

Let’s talk about you. If you have/are … 

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 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, (IRB, IFRS9, 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. 

…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!  

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