Job Description

BIL is a leading player in Luxembourg’s financial market. Founded in 1856 as the country’s first bank, BIL has contributed significantly to the development of Luxembourg’s social and economic landscape. Today, BIL operates across digital banking, wealth management and corporate finance, supporting individuals, entrepreneurs, businesses, and both private and institutional investors. Headquartered in Luxembourg, BIL employs more than 1,800 people and maintains a presence in key financial centers including Luxembourg, Switzerland, France 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.

Key objectives of the job

As 2nd line of defence, the Market and Liquidity Risk Management department supervises and independently organises the assessment, the monitoring and the reporting of the market and liquidity risks undertaken by the Bank. The balance sheet management and the client flow management activities are under the supervision of the department

Within this framework, the Market/Liquidity Risk Intern will be responsible for:

• Monitoring the bank-wide key liquidity risk indicators.
• Monitoring the dealing room activities, which includes the Structured Products and Foreign Exchange flow management desks.

The scope of intervention may gradually be extended to support the on-going enhancements of liquidity and interest rate risk modelling.

Deliverables and key activities

• Daily reporting and analysis of the LCR and the short-term liquidity gap to the senior management.
• Daily reporting of dealing room P&L and market risk exposures (positions, sensitivities and Value at Risk).
• Support the team in the enhancement of the data management documentation pertaining to liquidity and interest rate risks.

Must-Have Requirements

• Education (level): Bachelor’s degree in finance, economics or mathematics.
• Languages: fluent in French & English.

Risk management and financial knowledge:

• Strong knowledge of market and/or liquidity risk concepts and key metrics.
• Good understanding of financial products, including valuation techniques.
• Good understanding of a universal bank balance sheet.

Technical and software skills:

• Advanced proficiency in MS Excel and SQL.
• Knowledge of Kondor+, RiskConfidence, RiskMetrics, Bloomberg and Dataïku is an advantage.

Interpersonal skills:

• Propensity for teamwork and natural willingness to support the stakeholders within the team.
• Rigorous, innovative and curious.
• Result-oriented mindset striving to deliver on time.

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.