Officer - Business Risk Management

Quintet Luxembourg, , LUX, L-2955
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Purpose of the Job


The Quintet Business Risk Management (BRM) function is a first line risk function, with main purpose:

• to steer the first line of defence at Quintet in ownership of risks pertinent to their business by actively participating in the newly created function of Business Risk Management 
• to consolidate analyses of regulatory initiatives and their implementation at both Group and local level
• to ensure consistent approach and standard outcomes on the above 

The role of the Officer, Business Risk Management in Luxembourg is to assist in ensuring a robust 1st line of controls framework is in place locally. This is a key role to enable the front organisation manage their business risks appropriately. 

The role holder reports locally to the Luxembourg Head of Business Risk Management. He/she is expected to work closely and collaboratively with the Group BRM team, the business, as well as the local 2nd and 3rd line of defence functions (compliance, operational risk and audit). 

Key Accountabilities


Identification, Management and Monitoring

• Ensure strong business risk procedures and processes are documented, implemented and maintained. This includes implementation of regulatory initiatives for the group and locally, as appropriate;
• Assist the first line functions in developing appropriate processes and controls that aim to ensure that the risks related to the business are identified, analysed, measured, monitored, managed, reported and kept within the limits of the bank’s risk appetite and that the business activities are in compliance with external and internal requirements
• Support the Risk Control Self-Assessment (RCSA) in Luxembourg by engaging with the business to identify and assess risks against existing controls, ascertain issues/control weaknesses and develop actions to remediate control gaps and improve processes
• Ensure risk incidents and risk issues are captured in the risk tools and escalated in a timely way
• Conduct root cause analysis on new risk incidents and risk issues and recommend process improvements and develop preventive and corrective action plans
• Develop and maintain the first line controls framework (design and operating a proactive risk reviews on business processes end-to-end to identify improvement opportunity areas.
• Monitor Key Risk Indicators
• Assist local manager & Group BRM in projects that arise during the course of business.
• Maintain industry awareness, best practice insight and regulatory knowledge 


Reporting and Communications

• Analyse control results and define measures to address weaknesses together with the local business leads;
• Assist in the production of reports/dashboards / key metrics on the risk profile and on control effectiveness for the Group BRM management
• Escalate significant issues and lessons learned to line manager/ Group BRM management

Knowledge and Experience


• Proven 1st line Business Risk and / or Compliance experience, in particular in a Controller function 
• Strong on execution and managing conflicting demands & priorities

Attributes and Qualities


• Strong track record to deliver on regulatory projects 
• Ability to communicate effectively, influence and persuade at various levels
• Be able to evolve in a matrixed / changing and complex environment
• Global understanding of private & institutional banking processes is a strong advantage
• Confident decision maker who can engage proactively in debate/ challenge
• Ability to keep a cool head whilst working under pressure
• Work together, collaborate with all businesses and engage stakeholders to work with a common purpose
• Strong problem solving and analytical  skills (data analysis, articulation of key messages and status)

Technical Skills


• Risk, Compliance, 1st line Controls
• Strong knowledge of MS Office.  Skilled Excel and Access user is a key criterion.

Languages Skills

• Fluent in English (written and verbal); fluent in French or Dutch is mandatory

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