Market Risk Specialist

Purpose of the Job

Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. 
We are a bank headquartered in Luxembourg , with branches in Germany, Netherlands and Belgium and a subsidiary in the UK and supervised by the CSSF with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth. When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes. 

As part of the Group Risk function, the Financial Risk department is:

• In charge of assessing and supervising the financial risks arising from the Group activities across its entities;
• The central architect of the function risk data warehouse dedicated to regulatory and internal risk reports;
• The central partner for transversal risk projects such as the ICLAAP and recovery plan; and
• The competence centre for quantitative and modelling activities for the function.

To reinforce the team, we are actively looking for a motivated Market Risk Specialist - who will support the monitoring of our Market risk across the group from a 2nd line of defence perspective and provide tactical support to the wider Financial Risk team. The candidate will report to the Group Head of Market, Liquidity and Investment risk.

Key Accountabilities

• Be a key contributor to the Market Risk management activities of the Bank, including Trading Book, Banking Book and investment risk monitoring activities
• Manage the Market risk framework – including evolutions following risk indicators’ recalibration, materiality assessments, business requirements, audit needs, new stress scenarios, and other developments
• Own the end-to-end execution of Market Risk oversight, covering risk reporting, monitoring, and control
• Actively support, in rotation with other colleagues, the production of periodical risk reports
• Participate in annual review exercises such as ICAAP, Recovery Plan and Risk Appetite Review
• Review and challenge new investment proposals, assess deal structures, hedging strategies, risk levels, loss potential, capital consumption, among others
• Maintain ongoing dialogue and collaboration with ALM, Trading desks, and Portfolio Management
• Assess regulatory impact of new regulations and provide implementation guidance
• Participate in the oversight of risk indicators for investment, climate and environmental risks, in collaboration with relevant teams
• Engage with stakeholders such as Finance, Treasury, ALM, local entities or business teams on market risk topics
• Prepare executive risk reporting for senior stakeholders of the Bank, including the ALCO, the Executive Committee, and the Board of Directors
• Contribute to quantitative research to fine-tune or develop model assumptions and risk attributions
• Actively participate in the maintenance and improvement projects around the risk data capture and reporting processes
• Maintain a strong control environment for all elements of Market risk

Knowledge and Experience

• Advanced Degree in a business/technical discipline (finance, economics, mathematics, engineering)
• 8+ years of proven experience in similar activities
• Good understanding of Market and Investment Risk Management in financial services
• Strong exposure to Risk and/or Finance departments
• Knowledge of SQL
• CFA or FRM certification is a plus

Attributes and Qualities

• High interest in financial risk management as opportunities to work on transversal risk streams are numerous 
• Significant appetite for building/reinforcing expertise on PowerBI, SQL and Risk Data in general 
• Strong stakeholder management skills
• Distinguished attention to detail, pro-active, can-do attitude, and a team player

Technical Skills

Essential skills:

• Proficiency in SQL scripting
• Ability to manipulate large sets of data
• Proficiency in ETL Tools such as SSIS
• Proficiency in MS Office (with focus on Excel VBA, PowerQuery and Access) 

Desirable skills, but not required:

• Knowledge of Bloomberg
• Knowledge of Kondor+
• Knowledge of Data Visualization tools such as Microsoft PowerBI, Tableau or Qlik

Languages Skills

• Fluent in English; French is an advantage