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Senior Quantitative Analyst (Internal Validation Team) (M/F)

Senior Quantitative Analyst (Internal Validation Team) (M/F)

Founded in 1856, the Banque Internationale à Luxembourg is the oldest multi-business bank in the Grand Duchy. From its foundation, the BIL has always played an active role in the development of the Luxembourg economy. It currently operates in retail, private and corporate banking, as well as on major capital markets. Employing more than 1 800 people, the BIL is present in the financial hotspots that are Luxembourg, Switzerland, and China.




Quantitative validation of Risk models mainly related to the Market Risk management:

  • Development and implementation of model validation processes in compliance with the regulatory requirements in the mentioned topics;
  • Follow-up and formulation of recommendations to improve the different model performances;
  • Contribution to the methodological choices in the model development stages.




  • Implementation and maintenance of model validation processes (test definition, implementation and maintenance of a validation technical architecture, definition and update of the processes, etc.);
  • Review of backtesting exercices produced by the Modeling teams;
  • Realization of the benchmarking annual reports related to the models used in the calculation of the capital charge for the purpose of quantitative validation;
  • Management of recommendations aiming at ensuring the adequacy and the compliance of models (issue and monitoring);
  • Leading validation committee as decision-making body related to model validation;
  • Production of an annual report on the rating system performance to the dedicated management bodies;
  • Validation of methodological choices and contribution as an expert to the model review.
must have requirements



Academical background :

  • Phd in mathematics / statistics , Finance or economy / management

Education level :

  • Minimum BAC+4/5

Type & years experiences :

  • Banking experience in the context of the implementation and management of internal rating system : min 10 years of experience;
  • Sound experience with the regulatory bodies, TRIM process

Languages :

  • French and English (fluent)

Technical banking knowledge :

  • Knowledge of financial instruments and in general of banking products, Asset management activity, risk management techniques and more particularly of risk modeling and Market Risk management;

Other knowledge :

  • Quantitative and statistical techniques implemented in the modeling and valuation of Market Risk, Rating and pricing analysis method. Knowledge of Basel IV banking regulation.

Office automation and computer skills :

  • MS Office Suite, Statistical tools (SAS, Matlab, Python….) and Business Object.

Other requirements :

  • Synthesis and deep analytical skills;
  • Excellent communication and negotiation skills
We offer

The BIL offers a broad range of challenging projects and a huge choice of career paths - we will assist you in finding the one that best meets your skills and expectations. Your personal development is our priority and we greatly encourage you to dive into different business areas for the broadest possible experience.


To be considered for this position it is crucial that you have knowledge of the following languages
  • Read C1 Advanced
    Write C1 Advanced
    Speak C1 Advanced
  • Read C1 Advanced
    Write C1 Advanced
    Speak C1 Advanced
minimum required Education
Required work experience in years
10 or more years
Employment type
Contract type
Hours per week
Risk Management

Select an option to apply