Head of Credit Risk Management (M/F)

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.

The Head of Credit Risk Management is responsible for the independent oversight, monitoring and management of the Bank's credit risk profile across all business lines, including Corporate Banking, Digital Banking, Private Banking, Real Estate Finance, Financial Institutions and Capital Markets activities.

The role ensures that the Bank maintains a sound credit risk framework, robust underwriting standards, effective portfolio monitoring and compliance with regulatory requirements while supporting the institution's strategic growth objectives.

As a key member of the Risk Management Team, the Head of Credit Risk Management provides strategic advice to the CRO, Executive Committee and Board Risk Committee on all matters relating to credit risk.

Your next challenge:

Credit Risk Strategy & Governance :

• Develop and implement the Bank's credit risk strategy in alignment with the overall risk appetite framework.
  
• Ensure the effectiveness of credit risk policies, standards, methodologies and procedures.
  
• Maintain a robust credit governance framework across all lending activities.
  Contribute to the definition and annual review of the Risk Appetite Statement (RAS).
  
• Advise senior management on emerging credit risk trends and concentrations.

Independent Credit Oversight :

• Provide independent second-line review and challenge of credit proposals and risk decisions.
  
• Ensure consistency and integrity of credit assessments across all business units.
  
• Oversee large exposures, watchlist names and higher-risk transactions.
  
• Escalate material credit concerns to the CRO and relevant committees.

Portfolio Risk Management :

• Monitor the quality, concentration and evolution of the Bank's credit portfolio.
  
• Identify emerging sectoral, geographic and single-name risks.
  
• Perform portfolio reviews and thematic risk assessments.
  
• Recommend corrective actions, risk mitigation measures and portfolio optimisation initiatives.

Credit Risk Analytics & Reporting :

• Oversee credit risk reporting to senior management, Executive Committee, Board Risk Committee and regulators.
  
• Ensure the production of meaningful risk indicators, early warning metrics and portfolio dashboards.
  
• Lead stress-testing exercises and scenario analysis related to credit portfolios.
  
• Monitor risk-adjusted performance and capital consumption.

Regulatory Compliance :

Ensure compliance with:

• CSSF regulations
  
• ECB supervisory expectations
  
• EBA Guidelines
  
• Basel III / Basel IV requirements
  
• IFRS 9 impairment framework
  
• Large exposure regulations

• Act as the primary credit risk contact during regulatory inspections and audits.
  
• Support examinations conducted by the ECB, CSSF and Internal Audit.

Credit Risk Models & Methodologies :

• Oversee credit risk methodologies, rating systems and risk measurement frameworks.
  
• Ensure appropriate governance of Probability of Default (PD), Loss Given Default (LGD) and
• Exposure at Default (EAD) models.
  
• Partner with Model Risk Management and Finance teams to ensure regulatory compliance and model performance.
  
• Validate the effectiveness of credit risk quantification methodologies.

Problem Loans & Remediation :

• Oversee watchlist governance and credit deterioration processes.
  
• Monitor non-performing exposures (NPEs) and Stage 2/Stage 3 portfolios.
  
• Challenge restructuring, forbearance and recovery strategies.
  
• Ensure timely identification of deteriorating credits.

Leadership & People Management :

• Lead, coach and develop a team of credit risk professionals and department managers.
  
• Foster a strong risk culture across the organisation.
  
• Build capabilities in portfolio management, analytics and regulatory expertise.
  
• Promote collaboration with Front Office, Finance, Compliance and Internal Audit.

Committees & Governance Participation :

The Head of Credit Risk Management is typically a member of:

• Credit Committee
  
• Group Risk Committee
  
• Asset and Liability Committee (ALCO)
  
• Non-Performing Exposure Committee
  
• New Product Approval Committee
  
• Model Governance Committee
  
• Executive Risk Forum

Your skills:

• Master's Degree in Finance, Economics, Banking, Risk Management, Mathematics or related discipline.
  
• FRM, CFA or equivalent professional qualification is highly desirable.
• 15+ years of banking experience, with at least 10 years in credit risk management.
  
• Significant senior leadership experience within a major international or universal bank.
  
• Strong experience covering corporate, commercial and institutional lending.
  
• Proven interaction with regulators and supervisory authorities.
  
• Experience operating within ECB-supervised banking groups preferred.
  

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.