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Business Risk & Control Manager (Ref.BOL334) – CLOSED

Falkerin™ Recruitment specializes in Legal & Compliance, Accountancy & Finance as well as Banking and Operational Services recruitment. We are also often mandated to assist in recruiting for Business Support roles such as HR, Personal Assistant, Receptionist or Administrative Officer positions. We work with leading financial institutions in Luxembourg. Our clients’ portfolio include major Service Providers, leading Fiduciaries, Management Companies, Real Estate Investments and global Private Equity Houses.

Please see below job description and if you believe you have relevant experience and would like to be considered for the post please send us your CV in English by clicking on the below APPLY button.

Alternatively you can send us your profile to supportjobs@falkerin.lu. Please make sure to include job Reference#.

Work place: Luxembourg


  • Support and/or coordinate execution of Operational, Strategic and Financial risk management frameworks and policies
  • Make sure that risk events and issues are effectively captured, investigated and remediated, through proactive action management and accurate root cause analysis
  • Ensure all risks, issues and actions have a clear owner; coordinate maintenance of business unit structure
  • Establish/Embed an effective 1st LoD forum at which Risk matters can be discussed/business decisions be made with Risk Owners (including preparation of packs and presentation of key risk(s) / associated themes for insight and discussion)
  • Coordinate identification with the business of early warning indicators to establish a more proactive approach to risk management
  • Coordinate and support Risk Assessment frameworks rollout and maintenance (e.g. identification and recording of risk & control self-assessment (RCSAs), change risk assessments or vendor risk assessment)
  • Raise risk awareness in the business; share best practice, execute ad-hoc training based on business needs
  • Proactively identify new / emerging risks with support from internal specialist parties that identify, manage, mitigate risks on behalf of the business
  • Co-ordinate and provide business relevance input to Thematic Risk Reviews
  • Supporting Internal / External audit activity on behalf of the business
  • Co-ordinate controls report (ISAE 3420 type) and other controls accreditation frameworks
  • Co-ordinate major risk incidents and events and ensure that appropriate escalation takes place and mitigation activities are actioned
  • As required, support projects by providing upfront risk analysis and ongoing support as required
  • Assist with the role out of BWise the Risk Reporting System
  • Supporting the completion of the ICAAP requirements and stress testing in facilitation with the 2nd line risk function


  • Strong understanding of business process and controls with proven risk management experience within the financial services industry
  • Awareness of Risk and Control Self-Assessments, ICAAP and Stress Tests
  • Hands-on mentality and ability to work well under pressure with good prioritisation ability
  • A questioning mind-set with good analytical and problem solving skills
  • Good communication and negotiation skills
  • Dedicated to maintaining high quality standards and client satisfaction
  • Direct experience of working in a first line risk support function with good stakeholder management skills
  • Ability to work independently and within a team environment