Risk Officer

To support our strategic initiatives, we are looking for a (Junior) Risk Officer to join the risk team of the Belgian Bank. The role can however be performed either in Belgium or Malta.
This is an outstanding opportunity for young professional interested in Finance to start or develop a career within an ambitious online bank.
While the “Risk Officer Organisational Support” will report to the Head of Credit Risk in Belgium his role will be much wider than Credit Risk only. In a dynamic fintech such as MeDirect the successful candidate will get opportunities to work on a wide range of Risk Management topics and will interact with colleagues from both the first and the second line of defence in Belgium, Malta and London.

We will be able to offer you a flexible working environment where work-life balance matters whilst having an intellectual challenge allowing you to grow, as well as a competitive package.

Duties and responsibilities

  • Participating in the preparation and ensuring timely availability of key risk metrics on various portfolios (Corporate Lending, Structured Finance, Mortgage Loans and Treasury Instruments) and coordinating the production of the monthly Management Risk Reports as well as preparing other periodic reporting and sets of information requested by the external auditor and the regulators.
  • Supervising data quality/availability and make sure these are consistent with internal/external definitions.
  • Monitoring the evolution of the portfolios against key risk indicators with critical eyes and ensuring the businesses are evolving within Risk Appetite limits and developing/improving the various risk monitoring dashboards at the light of the developments of the different businesses (e.g. Belgian mortgages).
  • Performing deeper research and analyses, including interacting with the different stakeholders (business representatives, Finance, Risk Analytics, Business Intelligence, …), to clarify potential errors, abnormal deviations or to address specific topics.
  • Acting as Secretary of different management committees incl. the Belgian Management Risk Committee (responsible for the schedule, collating the agenda and preparing the minutes).
  • Supporting the Belgian Risk team in the development of the Bank’s activities relating to wider Risk projects such as reviewing and updating the key risk documents (Frameworks, Policies, Inventories, Limits, procedures, Risk Control Self-Assessment, Internal Control Report, …), participating in the ICAAP/ILAAP exercises, etc.
  • Assisting in implementing recommendations made by internal and external auditor/regulators.
  • Other analyses and duties as may be determined from time to time by the Head of Credit Risk to ensure adequate administration of the Belgian Risk team.

Required knowledge, skills, and experience

  • Bachelor or Master’s degree in economics or management (with or without experience) or other Bachelor/Master with at least 2y related experience in Risk Management.
  • Experience of monitoring key credit risk parameters on Corporate and/or Retail portfolios is a plus.
  • Excellent analytical skills, rigorous with a strong sense of precision.
  • Advanced knowledge of MS-Office suite (Excel, Word, PowerPoint) and some notions of VBA (or programming in other languages) is a plus.
  • Appetite for data analysis (e.g. extracting from data bases, processing and analysing business data linked to credit risk and preparing resulting presentations for management).
  • Capacity to address discussions, developments, and enhancements with other stakeholders with regards to the technical aspects of Risk Management.
  • Be able to work independently in a well-organized manner, be hands-on, solutions oriented and enthusiastic to “go the extra-mile”.
  • Strong communications skills in English (written and spoken) is a must. Professional knowledge of French and/or Dutch is a plus.
  • Demonstrate commitment, reliability, personal integrity, honesty, and respect.

Credit Risk Manager – Retail Mortgages

The Bank is expanding its business activities, developing a retail mortgage lending in the Netherlands, and looking to start a similar business in Belgium through partnerships with an originator and a servicer. To support these strategic initiatives, we are looking for a Credit Risk Manager with experience of the Mortgage business to join the risk team in Belgium.

This is an outstanding opportunity for qualified professionals to establish themselves and further develop their career at a fast-growing bank.

The Credit Risk Manager will initially report to the Chief Risk Officer and work with colleagues from both the first and the second line of defense in Belgium, London, and Malta.

The successful candidate will be able to lead the Belgian Mortgage project from a credit risk perspective, develop the necessary controls to ensure adequate credit risk oversight of the mortgage businesses in general (Belgium and the Netherlands) and manage the related portfolios within the Bank’s enterprise-wide risk framework, including risk identification, assessment, monitoring and reporting.

Duties and responsibilities

  • Defining Underwriting Criteria, preparing the Credit Framework and set Risk Appetite Limits for the Belgian portfolio in coordination with the business
  • Ensuring adequate interpretation of the definition on default, forbearance measures and other key credit risk indicators
  • Defining credit risk needs for reporting purposes, design dashboards for publication in the monthly Management Risk Report
  • Supervising the accurate implementation of credit risk parameters through interaction with IT to make sure key data will be available/calculated and rightly delivered as per risk definitions
  • Oversight of credit decisions taken by the originator and ensure compliance with underwriting/ acceptance criteria
  • Monitoring the evolution of the mortgage portfolios against risk appetite limits, key credit risk indicators, developments of arrears and provisioning
  • Ensuring adequate oversight of the special servicing actions undertaken by the servicer (management of arrears and delinquencies)
  • Owning all relevant internal credit risk policies and ensure standards meet regulatory requirements, ensure adequate update of these policies and relevant procedures, review and challenge 3rd party (originator and servicer) policies and procedures
  • Reviewing and challenge the periodic file credit overviews
  • Participating in the preparation of more complex files and in presenting them to the risk committee
  • Deciding within delegated authority on new loans, loan modifications and special servicing of mortgages
  • Communicating with the Bank’s Executive Committee, Board of Directors, auditors, and regulatory bodies

Required knowledge, skills, and experience

  • Bachelor or Master’s degree plus 5+ years of experience as a Credit Risk Manager in the Belgian mortgage business
  • Proven experience of setting up a Credit Risk function for a Mortgage business activity
  • Excellent analytical skills
  • Understand the suite of risks that exist in the Mortgage business
  • Ability to extract, process and analyse mortgage-related data and make high quality presentations to management
  • Capacity to lead credit risk discussions, developments, and enhancements (including problem solving) with other stakeholders (e.g., business, finance, and IT)
  • Be able to represent the credit risk function autonomously in the various projects linked to the mortgage business
  • Be able to work independently, be hands-on, driven, solutions oriented and enthusiastic
  • Good project management skills desirable
  • Demonstrate commitment, reliability, personal integrity, honesty, and respect
  • Strong communications skills in English (written and spoken). Professional knowledge of French and Dutch