Consultant Risk - Regulatory Compliance

Our aim is to support our clients incorporating changes and innovations in valuation, risk and compliance. We share the ambition to contribute to a sustainable and resilient financial system. Facing these extraordinary challenges is what drives us every day. Our people are empowered to design and implement efficient value chains and pragmatic solutions. Acting as one team with our partners and clients, we bring a unique mix of financial and technological know-how. At Finalyse, every client and employee is unique. This distinctive blend of expertise, team spirit and fairness has contributed to more than 30 years of successful projects and trustful relationships.

Responsibilities

As a Medior / Senior Consultant you (a) implement new strategic developments and / or (b) improve current processes in the area of Regulatory Compliance.

You work as a member of our team of talented individuals with a broad range of analytical and technical skills.

Your responsibilities may include various stages in the project cycle, a.o.:

• Quality management of the data
• Optimizing the production process of regulatory reports
• Testing the results produced and checking the coherence a.o. from a risk perspective
• Aligning the business, regulatory, methodological and technical requirements in the model design
• If appropriate, after an in-depth analysis, communicating / interpreting the results to the business and the technical members of the team
• Suggesting tailored suggestions, taking into account the client's environment, its internal expertise and prevailing rules

Profile:

Must Have Requirements

• You have an MA or MSc in economics, physics, mathematics, IT or related fields.
• An advanced degree in finance and/or a certification like CFA, FRM, PRM is a distinct advantage;
• You already have 3+ to 10 years of experience in risk and a good understanding of how risk models (PD, LDG & EAD), data and processes interact in risk management;
• You are experienced with the most recent regulatory developments:
• EU Banking Reform: CRR 2 & CRD V
• Market Risk: Fundamental Review of the Trading Book (FRTB), including the review of the standardized / internal models approach
• Counterparty credit risk (on top of the standardized approach)
• Balance sheet management: Interest Rate Risk in the Banking Book (IRRBB), along with the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR).
• Forthcoming Basel changes (standardized approach to credit risk)
• Reporting requirements
• IFRS 9, with a focus on (a) data sourcing for supporting the forward expected losses and (b) model development (c) capital planning with stress testing
• COREP / AnaCredit (data sources and process)
• EMIR
• PRIIPs, etc.
• Markets in Financial Instruments Directive (MIFID II), Markets in Financial Instrument Regulation (MIFIR) & European Markets Infrastructure Regulation (EMIR).
• You are an advanced user of risk-centric software e.g. of Moody's, SAS, Wolters Kluwer (OneSumX for Finance), combined with several years of practical experience;
• Knowledge of standard banking software solutions (Temenos, Avaloq, Olympic, SAP...) is a distinct advantage;
• You are able to work autonomously in a result-oriented environment;
• You have good communication, writing and presentation skills with the ability to explain sophisticated issues in a simple but professional way;
• You are a quick learner and you enjoy having to find innovative solutions to new problems;
• You are open to travel inside Western Europe, knowing that Luxembourg will remain your primary location.