Founded in 1856, Banque Internationale à Luxembourg is the oldest multi-business bank in the Grand Duchy. From its foundation, the BIL has always played an active role in the development of the Luxembourg economy. It currently operates in retail, private and corporate banking, as well as on major capital markets. Employing more than 2 000 people, BIL is present in the financial hotspots that are Luxembourg, Switzerland, and China.
As a major player in Luxembourg's finance industry and as a signatory of the UN Principles of Responsible Banking, BIL is committed to handing over a responsible and sustainable bank to future generations.
As part of the Bank's Balance Sheet Management team, the Covered Bond Manager is responsible for the planning, execution, and management of the Bank's covered bond funding activities. This role ensures that covered bonds are effectively integrated into the Bank's funding strategy, balancing liquidity needs, regulatory requirements, and cost efficiency.
The position requires strong expertise in capital markets, structured funding instruments, and investor relations, as well as the ability to collaborate across departments such as ALM, Risk, Finance, and Sales.
Your next challenge:
* Oversee cover pool eligibility, reporting, and compliance with national and EU regulatory requirements.
* Ensure adherence to CRR, EU Covered Bond Directive, and local supervisory frameworks.
* Conduct internal stress tests and coverage calculations to maintain program robustness.
* Coordinate with auditors, regulators, and rating agencies on program-related reviews.
* Maintain strong relationships with institutional investors, lead managers, and analysts.
* Organize and participate in roadshows, investor calls, and conferences to promote the Bank's covered bond program.
* Prepare regular investor reporting, program documentation, and market updates.
* Provide feedback to senior management on investor sentiment and market developments.
* Manage the Bank's covered bond program as a key component of the overall funding strategy.
* Participate in the structuring and execution of new covered bond issuances.
* Optimize maturity profile, issuance currency, and costs within regulatory and strategic constraints.
* Monitor secondary market performance to guide future issuance strategy.
* Work closely with ALM to align covered bond issuance with the Bank's balance sheet and liquidity profile
* Collaborate with Risk, Finance, and Legal on pool eligibility, reporting standards, and compliance monitoring.
* Coordinate with Sales teams to leverage market intelligence and align with client activities.
Your skills:
* Master's degree in Finance, Economics, Business Administration, or related field.
* Minimum 5-10 years of experience in Treasury, Capital Markets, Debt Issuance, or Structured Finance within a banking environment.
* Deep knowledge of covered bond structures, mortgage or public sector collateral, and regulatory frameworks.
* Proven experience in dealing with investors, rating agencies, and regulators.
* Solid understanding of bank balance sheet management and liquidity planning.
* Strong analytical skills with the ability to interpret funding needs and market trends.
* Excellent communication and presentation skills for interaction with investors and senior stakeholders.
* Strategic thinker with strong execution capability.
* High attention to detail and organizational discipline.
* Proficiency in financial modeling, MS Office, Bloomberg, and treasury management systems.
BIL offers a broad range of challenging projects and a huge choice of career paths .We will assist you in finding the one that best meets your skills and expectations. Your personal development is our priority and we greatly encourage you to dive into different business areas for the broadest possible experience.
BIL is firmly of the opinion that diversity & inclusion contribute towards increasing the collective performance of the Bank. We are committed to creating a culture of inclusion that encourages individual development with equal opportunities for all.
NB: The selected candidate will be asked to provide an extract from the criminal record (no.3) as evidence of integrity and justified with regard to the specific needs of the position to be filled. Other documents will be collected, to the extent legally permitted, to perform background checks.