Credit Risk Officer

As a leading provider of online financial services, Swissquote Group offers innovative solutions and comprehensive services to meet the wide-ranging demands of its global clients.

Swissquote Bank Europe is the EU bank of the Swissquote Group (listed on the SIX Swiss Exchange), and has been at the forefront of online investing for 25 years.

Powerful multi-asset digital platforms and personalised banking come together to deliver private clients, intermediaries and financial institutions a more efficient way to manage wealth.

The Credit Risk Officer is responsible for assessing, monitoring, and managing the Bank's credit risk exposure. This role involves analysing, onboarding and monitoring corporate, commercial, and retail loans of the Bank, ensuring compliance with internal and regulatory requirements and collaborating with various departments to mitigate the associated risks.

Key responsibilities include:

• Conduct comprehensive credit risk assessments and follow up on outcomes, and ensuring that essential elements of loan contracts and/or risk mitigation strategy properly addressed.
• Collaborate with the First Line of Defense to ensure that credit application files are complete, supplementing them with thorough risk analysis to assess loan impacts and support decision-making. This may include analysing financial statements, industry trends, and macroeconomic factors.
• Develop and review credit lending policies and procedures, integrating new business developments while ensuring compliance with internal and regulatory requirements.
• Work with relevant departments and external service providers to define and create necessary risk control tools.
• Monitor the credit portfolio, perform accuracy checks, and identify early signs of potential risk.
• Conduct stress testing and scenario analysis, recommending risk mitigation strategies such as credit restructuring and provisioning.
• Prepare detailed risk reports for management, regulators, and internal stakeholders/committees.
• Contribute to the continuous improvement of credit risk processes and tools, including delivering training sessions to enhance risk awareness across the Bank.
• Potentially manage and mentor other risk officers performing credit risk controls, guiding them in their roles and ensuring effective collaboration within the risk management team.

• University Degree in business, economics, finance or related field, with 5+ years of experience in Banking in Luxembourg, including demonstrated expertise in credit risk management
• Familiarity with relevant regulatory requirements (e.g., CRR/CRD, EBA/GL/2020/06, CSSF circulars)
• Excellent proficiency in English; French is an asset
• Strong analytical, problem-solving, and decision-making capabilities
• Excellent communication skills, including ability to write clear and concise reports
• Ability to work under pressure, manage multiple priorities, and collaborate across teams
• Excellent attention to detail and accuracy

• A chance to work in a high-performing team in a collaborative environment.
• A comprehensive benefits package including annual performance bonus, occupational pension scheme, share plan, concierge services, 34.5 paid holidays, and more
• A great work environment in our offices located at Luxembourg’s Kirchberg financial district.

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