Banque Internationale à Luxembourg is a leading financial institution with a rich history dating back to 1856.
As one of the oldest multi-business banks in the Grand Duchy, it has played a significant role in the development of the Luxembourg economy.
The bank operates in retail, private, and corporate banking, as well as on major capital markets. With over 2,000 employees, BIL is present in key financial hotspots such as Luxembourg, Switzerland, and China.
BIL Manage Invest (BMI) is a market-leading independent management company domiciled in Luxembourg, providing a comprehensive regulatory solution for global investment managers.
Staffed by highly experienced portfolio and risk managers, BMI offers premium third-party UCITS and AIFM services for various asset classes.
Your Next Challenge:
* Develop and maintain credit risk quantification models aligned with IFRS9 Expected Credit Loss requirements.
* Design, implement, document, and maintain the models.
* Assist in producing modelled ECLs and overlays, provide analyses to different departments, and input into key reports.
* Conduct stress testing for the Internal Capital Adequacy Assessment Process (ICAAP) and participate in EU-wide Stress Testing initiatives.
* Develop and improve Stress Testing models used to forecast BIL Group key risk indicators.
* Perform macroeconomic analyses to support stress testing and projection processes.
* Assist in designing custom scenarios for various purposes, such as ESG, Recovery Plan, and Capital Plan.
* Ensure all models are developed, maintained, and regularly tested according to internal procedures and standards.
* Follow regulatory updates to ensure alignment with current requirements and future enhancements.
* Maintain all aspects of the models professionally and complete thorough documentation for all processes.
Key Skills:
* Mathematics, Statistics, Modelling, Economics, Computer Science, Data Analysis, Risk, Finance.
* Master's degree in mathematics/actuarial science/finance/statistics/economics; PhD is a plus.
* English/French.
* Experience with IFRS9 modelling, Stress Testing, Scenario analysis, and design.
* Knowledge of financial instruments, banking products, risk management techniques, and credit risk management.
* Advanced knowledge of IFRS9 requirements.
* Advanced programming skills in Python.
* Familiarity with version control systems (Git).
* Dataiku knowledge is considered an advantage.
* Advanced proficiency in MS Excel and SQL.
* Self-starter attitude.
* Ability to work independently and collaborate with multidisciplinary teams.
* Analytical profile, rigorous, and well-organized.
* Results-oriented mindset striving to deliver on time.
* Problem-solving skills.
* 5+ years in a similar role.
Career Advancement:
BIL offers challenging projects and a range of career paths. We assist you in finding the best fit for your skills and expectations.
Personal Development:
Our culture encourages individual development with equal opportunities for all.