Prudential Reporting Specialist

As Prudential Reporting Specialist, you will join a leading European financial institution to manage complex prudential reporting.

You will collaborate with senior management and internal teams to deliver accurate, strategic financial insights in a dynamic, growth-oriented environment.

Client Details

Our client is a well-established financial institution in Luxembourg.

Known for its robust European presence, the organization values precision, innovation, and collaboration in financial operations.

Description

As Prudential Reporting Specialist, your responsibilities will include:

Prudential Reporting:

• Prepare and ensure timely submission of quarterly prudential reports, including FinRep, CoRep, and other regulatory reports as required by the European Banking Authority (EBA) and Luxembourg's CSSF.
• Manage and report on MREL (Minimum Requirement for Own Funds and Eligible Liabilities), ensuring the institution's adherence to EU's recovery and resolution frameworks under the Single Resolution Board.

Asset Encumbrance Management:

• Prepare reports on asset encumbrance, providing insights into how much of the institution's assets are pledged as collateral.

Leverage and Large Exposure Reporting:

• Monitor and report on leverage ratios, ensuring that the institution's total exposure remains within regulatory limits as set by Basel III and EU regulations.
• Conduct large exposure reporting to identify and manage concentration risks in lending, ensuring that no single exposure is disproportionate to the bank's capital base.

IRRBB Reporting (Interest Rate Risk in the Banking Book):

• Oversee IRRBB reporting, tracking risks arising from fluctuations in interest rates that affect the banking book, including loans, deposits, and other long-term financial instruments.
• Collaborate with risk management teams to assess and report on the impact of interest rate movements on the bank's profitability and stability.

Compliance with EU Regulatory Standards:

• Ensure that all prudential reports adhere to EU regulations, including Basel III, CRD IV, and other relevant frameworks designed to maintain the financial stability of institutions.
• Regularly liaise with Luxembourg's CSSF and other European regulators to ensure compliance with evolving reporting standards and regulatory changes.

Collaboration with Internal Teams:

• Work closely with the Head of Accounting and CFO to align reporting practices with broader organizational goals, ensuring that financial reports are accurate, timely, and reflective of current market conditions.
• Support senior management in strategic decision-making by providing detailed reports on regulatory capital, risk exposure, and financial stability.

Profile

Your qualities as Prudential Reporting Specialist:

• Master's degree in Finance or related
• Expertise in prudential reporting, particularly under CSSF regulations.
• Strong knowledge of financial metrics, MREL, and IRRBB frameworks.
• Proven experience within Big4 or a similar environment.
• Detail-oriented with excellent organizational skills to manage administrative tasks.
• Ability to work effectively within a team and communicate at all organizational levels.
• Fluency in English and Italian; French is a plus.

Job Offer

Our client offers an attractive salary package, aligned with the Luxembourg market and your experience, with the standard benefits of banking convention such as the 34,5 days of holidays, the seniority premium, complementary health insurance and pension scheme and Meal Vouchers.

On top, our client offers

• Opportunity to work in a dynamic financial holding environment.
• Exposure to high-level financial reporting and regulatory frameworks.
• Career progression opportunities within a prominent European institution.
• Collaborative work culture and leadership mentorship.