Financial Risk Officer

The opportunity: Financial Risk Officer – Permanent

At HSBC, our purpose is opening up a world of opportunity and by joining our team, you can be part of something bigger. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible.

Here in Luxembourg, you’ll help evolve and grow our risk function. Are you detailed-oriented and able to meet tights deadlines? Do you have a strong understanding in risk management? Have you already worked in a Bank?

If you answered yes to any of these questions, we want to hear from you!

What you will do:

Reporting to the Country Chief Risk Officer, you will maximise the effectiveness of risk management measures within HSBC Luxembourg and support the Luxembourg CRO for the oversight of Treasury risks (capital, liquidity, market and Interest Rate Risk in the Banking book – “IRRBB”).

In this role, you will:

• Support the Country CRO by acting as a partner to the businesses and functions, supporting growth, profitability, return on tangible equity and sustainability aspirations while retaining the appropriate risk management discipline on financial risks to achieve strategic goals.
• Support the Country CRO in defining the country’s Risk Strategy, Risk Appetite (ensuring alignment with Group Risk Appetite where necessary) for financial risks and support management/hedging of key exposures
• Support the implementation of the Group Financial Risk Policies locally and maintenance of the Luxembourg local Policy Framework.
• Support the implementation of strategic risk related projects and the overall Risk transformation agenda in country.
• Work with Finance for the elaboration of the Internal Adequacy Capital/Liquidity Assessment Process.
• Establishment, oversight and execution of an effective financial risk framework, including capital, market, interest rate and liquidity risks.
• Together with the CRO, establish and maintain the Stress Testing activities and the Economic Capital framework.

You should apply if you have:

• Relevant professional experience in a similar position (capital risk, Liquidity risk, Interest Rate risk, market risk, risk reporting: ICAAP, ILAAP…)
• Banking experience with an understanding of banking governance, activities, products, processes and systems
• Excellent knowledge and understanding of a Bank’s Balance Sheet
• Knowledge of the regulatory environment in the financial services sector, in particular the local and EU prudential requirements (CRD, CRR…)
• Experience in the review of credits considered as an asset
• Understanding of modelling techniques and analytics in respect of financial risks
• Fluency in English, both written and oral.

Even if you feel you do not meet 100% of our qualifications, we encourage you to apply, if you believe this role is right for you.

What you’ll get in return:

Not only is HSBC a great place to work, but we also offer the following unique and exciting opportunities and benefits:

• We’ll help you progress your career, including access to development programmes, mentoring and coaching, as well as world-class training through HSBC University
• You can work your way and will have a say in when, where and how you and your team flexibly work together
• Our benefits will give you financial security
• We’ll give you a huge range of resources that support your mental, physical and social well-being
• You’ll have opportunities to work internationally - this can be your place to start and branch out to anywhere we have offices
• You’ll be able to join our Employee Resource Groups that bring together colleagues with shared characteristics and common interests.

HSBC has been certified “Top Employer 2025” in Europe. This recognition from the Top Employers Institute rewards our HR practices and recognises HSBC as an HR Leader in France, Germany, Italy, Luxembourg, Poland and Spain.

If you’re looking for a career where you will be respected as an individual and valued for the contributions you make, please send your application letter and curriculum vitae (in English) to: [email protected], and discover how diversity drives our success.

Please note that due to the volume of applications received, we will acknowledge your application only if we wish to proceed to interview. If you have not received a response within 4 weeks your application has not been successful.

Please also note that every selected candidate will have to provide us with a valid criminal record check in due time.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website. For any GDPR request, please send it to:[email protected]

For further information on building your career at HSBC, please visit: www.hsbc.com/careers

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. If you have a need that requires accommodations or changes during the recruitment process, please let us know.