Credit Methodology Expert

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Luminor Group

Our team is expanding and we are looking for a new team member.

The Credit Methodology Expert will be joining the Luminor Credit Risk Department and be responsible for developing a framework for prudent credit risk management and ensure compliance of the framework with external regulations. Credit risk department is a part of the Risk Division, thus being a control function and part of the Second Line of Defence.

This is the time full of new opportunities and chances to stand up and bring out the best in you!


Responsibilities:

  • Be a key owner of credit risk related methodologies, develop and maintain internal regulatory framework for credit risk from a 2nd Line of defence perspective ensuring compliance to the external regulations and satisfying business ambition;
  • Follow up of external regulations on credit risk; 
  • Proactively participate in the identification and assessment of compliance risks, business risks and improvement potential in the credit risk methodology area;
  • Contribute to development and deployment of the best practices for methodology on credit risk area; 
  • Review external risk related reporting and ensure description of credit risk methodology (financial reporting, Pillar 3 reporting, ICAAP process etc); 
  • Own IFRS 9 Expected credit loss estimation framework in line with an agreed split of roles and responsibilities between Finance and Risk Division.

Skills and Experience:

  • Excellent knowledge of regulatory requirements in the credit risk management area;
  • Detailed understanding of the credit risk framework to manage the credit risk effectively; 
  • Good knowledge of the credit products, processes and IT systems; 
  • Strong in problem solving, superior analytical skills, accuracy and ability to make independent decisions with sound and objective arguments;  
  • Time management, high commitment to achieve results and meet set goals;
  • Excellent English language skills (verbal and written); 
  • Ready to contribute with a high level of energy and positive attitude.

Why Luminor? What we can offer you:

  • Dynamic and international working environment that is filled with interesting challenges and opportunities to innovate, as we build a bank together;
  • Varied opportunities to support your professional and personal development and growth;
  • A competitive benefits package in addition to your salary;
  • An additional benefits package for employees after 1 year in the company, which includes additional days of vacation;
  • A collaborative and supportive team where you can create and implement ideas;
  • A salary range for this position at 2100-2600 EUR (Gross*), which is to be determined depending on the level of experience and competencies of the selected candidate.

Application deadline is 2021.04.30

In case of questions please feel free to contact: hiring manager Janis.Teteris@luminorgroup.com or our junior people partner Vikante.Rackauskaite@luminorgroup.com.

Or, know someone who would be a perfect fit? Let them know!

Riga, Latvia

Skanstes iela 12
1013 Rīga Directions +371 67 17 1880

Why Work With Us?

Join us if you want to grow your competences and make the change!

  • Wellness & Benefits

    We aim to support, spoil and take care of our employees

  • Additional Days of Vacation

    We provide an additional benefits package for employees after 1 year in the company, which includes additional days of vacation

  • Personal Development

    We provide varied opportunities for your professional and personal development and growth. Average hours spent per year on development for an employee at Luminor – 20

  • Health & Wellness

    We take care of your health – we got your health insurance covered

  • Flexible Working

    The flexible working time and place concept is now part of our culture

Workplace & Culture

Make the Change stands for motivation, 'yes we can' attitude, motivation to get things done and take initiative. It strengthens and complements our value set – curiosity, focus and collaboration, whilst putting them in action. And most importantly – Make the Change is about our people who are here being brave and passionate about making an impact themselves.

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