Senior Business Risk Manager

Reposted 3 Days Ago
Be an Early Applicant
Hiring Remotely in Luxembourg
Remote
Senior level
Analytics • Financial Services
Entrepreneurial thinking. Private banking.
The Role
The Senior Business Risk Manager ensures effective risk management within Private Banking, overseeing controls, assessments, reporting, and advising on non-financial risks and regulatory matters.
Summary Generated by Built In

Job Description

Within the First Line of Defence (FLoD), the Senior Business Risk Manager (BRM) plays a key role in ensuring the effectiveness, robustness, and continuous improvement of the internal control and risk management framework within the Private Banking (PB) business.

Reporting to the Private Banking COO, the Senior Business Risk Manager acts as a senior risk partner to the business, providing expert guidance on non-financial risks, internal controls, and regulatory matters. The role requires a high level of autonomy, strong judgment, and the ability to interact with senior stakeholders across the organization.

The Senior Business Risk Manager coordinates closely with Private Banking Support functions as well as the Second and Third Lines of Defence to ensure consistent risk assessment, control execution, and remediation of identified issues.

Key Responsibilities

1. Risk & Control Management

  • Design, implement, perform and oversee the execution of the FLoD control framework for Private Banking, in line with the Group’s risk and control blueprint.
  • Perform and supervise ex-post controls with a strong focus on operational processes, regulatory requirements, and conduct risk.
  • Ensure timely identification, assessment, escalation, and remediation of operational alerts, control deficiencies, and risk incidents.
  • Challenge business practices and processes to enhance risk awareness and control effectiveness.
  • Lead or contribute to ad-hoc reviews and deep dives on high-risk topics or emerging risks.

2. Risk Assessment & Governance

  • Lead Private Banking risk assessments in close coordination with the Second Line of Defence.
  • Ensure accurate identification, documentation, and monitoring of key risks, controls, and mitigating actions.
  • Act as a key point of contact for internal and external audits, regulatory reviews, and control-related inquiries.
  • Support the PB COO and senior management in understanding the risk profile and control environment of the PB activities.

3. Reporting & Monitoring

  • Oversee and validate daily, monthly, and quarterly control reporting, ensuring high-quality, consistent, and meaningful outputs.
  • Prepare and present risk reporting to senior management, including internal control assessments, emerging risks, and remediation progress.
  • Contribute to the production of CRO Risk Scorecards and other senior management risk dashboards.
  • Ensure appropriate follow-up on issues, action plans, and audit recommendations.

4. Advisory & Continuous Improvement

  • Act as a trusted advisor to the business on risk management, internal controls, and regulatory expectations.
  • Support the enhancement of risk management processes, tools, and methodologies within the FLoD.

Skills and experience

  • Bachelor’s or Master’s degree in Economics, Business Administration, Finance, or a related field.
  • Minimum 7 years of experience in business risk management, internal controls, or conduct/operational risk within banking or financial services, ideally in Private Banking or Wealth Management.
  • Strong understanding of non-financial risks, internal control frameworks, and regulatory requirements applicable to Private Banking.
  • Proven experience working within or alongside the First Line of Defence, with strong interaction with 2nd and 3rd LoD functions.
  • Ability to operate independently, prioritize effectively, and manage complex risk topics.
  • Strong stakeholder management skills, with the ability to challenge constructively at senior management level.
  • Advanced analytical and reporting skills; advanced Excel skills required (additional data or risk tools considered an asset).
  • Excellent written and verbal communication skills in English (French and/or German considered an asset).

Our Values

Accountability: Taking ownership for tasks and challenges, as well as seeking continuous improvement

Hands-on: Being proactive to rapidly deliver high-quality results

Passionate: Being committed and striving for excellence

Solution-driven: Focusing on client outcomes and treating clients fairly with a risk-aware mindset

Partnership-oriented: Promoting collaboration and teamwork. Working together with an entrepreneurial spirit.


Skills Required

  • Bachelor's or Master's degree in Economics, Business Administration, Finance, or a related field
  • Minimum 7 years of experience in business risk management or internal controls in banking or financial services
  • Strong understanding of non-financial risks and regulatory requirements applicable to Private Banking
  • Proven experience working within or alongside the First Line of Defence
  • Advanced Excel skills and other data/risk tools considered an asset
  • Excellent written and verbal communication skills in English (French/German considered an asset)

EFG International Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about EFG International and has not been reviewed or approved by EFG International.

  • Fair & Transparent Compensation Pay is sometimes characterized as fair for the role, suggesting baseline alignment between responsibilities and fixed remuneration. Annual salary reviews benchmarked to performance and market data further reinforce a structured approach to setting pay.
  • Healthcare Strength Benefits such as health insurance are described as good and comparable to typical market offerings. This consistency in core coverage appears to be a stabilizing part of the overall package.
  • Wellbeing & Lifestyle Benefits Wellbeing and lifestyle offerings include items like free flu vaccines, free gym classes, and hybrid working arrangements. These add non-cash value that can improve the perceived total rewards experience.

EFG International Insights

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The Company
HQ: Zürich, Zürich
1,840 Employees
Year Founded: 1980

What We Do

EFG International is a global private banking group offering private banking and asset management services and is headquartered in Zurich. Its registered shares (EFGN) are listed on the SIX Swiss Exchange. As a leading Swiss private bank, EFG International has a presence in major financial centres and growth markets, operating in around 40 locations worldwide, with a network spanning Europe, Asia Pacific, the Americas and the Middle East. As one of the best-capitalised Swiss private banks, EFG International is a financial partner that offers the security and solidity needed to provide clients with effective support. An entrepreneurial spirit has shaped the bank since its inception, enabling it to develop hands-on solutions and to build long-lasting client relationships. In other words: Entrepreneurial thinking. Private banking.

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