Senior Credit Risk Manager

European Depositary Bank SA ("EDB") is part of the Apex Group. As an independent provider free from institutional influences we can deliver an agile and responsive cross-jurisdictional service in an ever-changing regulatory environment.

Our powerful global infrastructure and breadth of technical experience enables us to provide market leading solutions tailored to benefit our clients.

Our vision is to be the leading provider of Banking, Depositary and Custody services to Asset Managers, Family Offices, Institutional Investors and Corporates. 

Our company was founded in 1973 in Luxembourg. As a wholly owned subsidiary of Hamburg-based private bank M.M.Warburg & CO (AG & CO) KGaA, we made it possible for institutional investors to directly access the Luxembourg financial market. This makes us one of the most experienced depositaries for traditional and alternative investment structures in the Grand Duchy. In 2017 the bank was acquired by the Apex Group and renamed to the European Depositary Bank (EDB) in 2019.

We currently hold fund and securitisation structures with a total value of $260 billion. This is mainly allocated to alternative investments, including real estate, private equity, private debt and renewable energies & infrastructure (as of March 31, 2024).

For the avoidance of doubt we do not deal with retail clients. We neither offer any securities (bonds, shares, notes etc.) nor do we act on behalf of any other financial institution to offer such securities to any clients.

Apex Group has an exciting opportunity for an experienced risk professional to help the European Depositary Bank’s business deliver against its ambition of providing a more effective and streamlined service. Following the development of its Fund Finance activities, we're seeking a full-time Senior Credit Risk Manager in Luxembourg, and the role comes with an attractive salary and benefits package.

As a Senior Credit Risk Manager, you will define standards and frameworks and oversee credit Risk. Being part of the Risk Management team, you will also cover market, liquidity and operational risk, coordinating across risk types and geographies.

In this Senior Risk Manager role, you can expect:

• Active management of credit, market, and liquidity risk including monitoring of the market and business environment, analyzing the impact of market events on the Banks’ risk profile and reporting of current risk exposures

• Develop and maintain an effective risk framework aligned with best practices and regulatory expectations

• Communicate to senior management any exposures or events that expose the Bank to unexpected or otherwise not fully identified or quantified risks, and assist in making recommendations concerning the mitigation and management of such risks

• Set high-level standards for managing credit, market, and liquidity risk, including risk appetite, IRRBB and balance sheet management.

To apply for this risk management role, you will need significant industry experience covering a variety of products and services and associated quantitative and qualitative skills, coupled with experience working in a specialist risk function (e.g., market, credit, or liquidity risk). You will also require the following:

• A good understanding of risk management principles, concepts and methodologies

• Extensive credit experience (7-10 years) with ideally some “Fund Finance Experience”

• Sound knowledge of risk-related regulations, their application and impact on the banking industry

• Quantitative background with advanced knowledge in mathematics and statistics

• Good knowledge and understanding of key market and business risk drivers

• Advanced knowledge of global financial markets and products

• Good excel skills, including the practical use of macros would be seen as an advantage

• Highly curious with aspirations to develop and grow further

• Good writing and communication skills

Educational Level:

• Master degree in one of the following fields or combination: economics, finance, statistics, mathematics, management, physics, risk managemen

• Working Experience:

• Significant experience within a Bank with regulatory oversight (7+ years) with a focus on credit. Additional banking and risk management experience covering a variety of products and services and associated quantitative and qualitative methodologies will be considered as an asset.

Benefits - As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship, and in-house training programs.

We'd love you to apply for this full-time Senior Risk Manager position in Luxembourg, and we're waiting to hear from you. Please contact Apex Group today.

Please note that a background check will be conducted as part of the hiring process once a job offer has been made. In accordance with the provisions of the Luxembourg law of 23 July 2016 amending the law of 29 March 2013, candidates may be required to provide an extract from their criminal record. This document, issued by the authorities, must not be older than three months. Such a document will be requested with the aim of carrying out a character check on candidates, bearing in mind the area of activity of our establishment and, more particularly, the tasks described in the job description.

As a vital team member and in return for your expertise, inclusive approach and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship and in-house training programs. 

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.