Business Risk Manager - Front Office

Hesperange , Luxembourg, Luxembourg

Type: n/a

Category: Secretarial & Office

Requirements: English
Company: Lombard Odier
Region: Hesperange , Luxembourg

A career at Lombard Odier means working for a renowned global wealth and asset manager, with a strong focus on sustainable investing. An innovative bank of choice for private and institutional clients, our independently owned Firm is one of the best-capitalised banking groups in the world, managing close to CHF 300 billion and operating from over 25 offices across 4 continents.

With a history spanning over 225 years, Lombard Odier is an investment house providing a comprehensive offering of discretionary and advisory portfolio management, wealth services and custody. We also offer asset management services and investment strategies through Lombard Odier Investment Managers and provide advanced banking technology to other financial institutions.

Rethink Everything is our philosophy it is at the heart of everything we do. We have grown stronger through more than 40 financial crises by rethinking the world around us to provide a fresh investment perspective for our clients.

Within the Business Risk Management department (BRM), the in-house center of competence in business risk management, controls and monitoring matters for Private Banking activities and based on the internal control monitoring plan / relevant risk and control self-assessments (RCSA), you will have to develop, implement and/or execute controls covering banks activities, mainly on front interaction with clients, cross border activities, documentation of interaction with clients, etc You will also have to draft new control methodologies, control reports, propose improvement measures to Senior Management and ensure suitable remediation.

The successful applicant will be an important sparring partner for the Front Office and COO department in dealing with operational risks and internal control and monitoring activities.

Business Risk Manager - Front Office

YOUR ROLE :

1. Implement the risk governance & framework

Support the implementation of the supervisory oversight process including the supervisory controls framework and associated tasks

Engage with risk owners, control owners and risk specialists to dynamically, update Business Risk Control Self-Assessment (RCSA) to ensure these embrace all material risks alongside all key controls performed by Businesses and Functions.

Develop the risk dashboard and reports pertaining to Lombard Odier Europe SA (LOESA) and communicate to management the key risk indicators (KRI) to enable an adequate risk reporting system and monitoring according to the risk appetite defined.

2. Support the drive for organizational cultural risk awareness

Work with all business owners to ensure a culture of risk awareness and continuous improvement of the risk environment (taking into account the RCSAs, audit findings and operational incidents identified) is properly, understood and embedded across all aspects of the organization.

Participate in forums and projects; ensure first line of defense requirements are considered

3.Control and monitor risks

Drive the risk assessment process, development and execution of first line of defense supervisory control monitoring/testing to determine the effectiveness of controls (including IT security / Data Protection)

Undertake monitoring activity and develop internal control plan to ensure that first line controls are adequately defined and performed

4. Improve processes and ensure controls are mapped accordingly

Collect, analyse and follow up on incidents and monitor them in the internal dedicated tool. Support the users in the root cause analysis and ensure that improvements measures are adequately defined, monitored, tracked and implemented.

Follow-up on internal and external audit findings and track remediation actions by the audit point action owners

YOUR PROFILE:

Experience of 3 years minimum in the private banking industry, preferably in Internal Audit / Internal Control / Business Risk Management function

Good understanding of operational processes pertaining to Private Banking activities

Experience in control testing

Knowledge of Microsoft Office tools, Excel in particular

Ability and willingness to work in a fast-paced, pressured and demanding environment

Strong organisation and communication skills (stakeholders include Senior Management, Bankers, Assistants, Risk Managers, Compliance and Legal functions)

Fluent in French and English (written and oral); additional languages, an advantage

NB: Please be aware that in accordance with the current law and job requirements, the selected candidate will be requested to provide a criminal record (section 3).

Our Maisons DNA is defined by five core values. Excellence drives us to be the best at what we do, while Innovation fuels our progress.

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