Job description
The vacancy is situated within the directorate of Risk Merchant Banking (RMB). Merchant banking is the entity within the KBC Group that actively builds on long term profitable partnerships, both with internal and external professional parties. The colleagues of Merchant banking deliver a wide range of specialized financial products to medium and large, national and international business partners. Within Merchant Banking you discover the dynamic and innovative world of Corporate Banking (bank services to large companies through an own commercial network), treasury and dealing rooms, equity & capital markets, Corporate Finance, real estate, leasing and brokerage.
RMB works in close cooperation with the multiple departments/entities of Merchant Banking, the group functions and risk management. RMB is the ideal place to learn and get insight in the dynamic, fast moving and challenging environment within Merchant Banking and to link this solid risk management. Given the multiple facets and businesses within the department, there are various opportunities to develop your career with the KBC Group.
You will be responsible for the risk management of KBC Financial Products and the management, roll out and implementation of risk management related projects. The risk management has to be seen in the broad sense:
- on the floor risk management. Investigating/querying the exposure and risks in consultation with the business, i.e. identifying and analyzing the risks in existing and new products,
- measuring, monitoring and reporting the various risk drivers,
- supporting and advising the business in relation to capital and risk management,
- translating and applying group wide risk frameworks to local entities,
- implementing, maintaining and proposing improvements to new and existing risk management tools and models like hVaR, counterparty risk models, …,
- translating the risk exposures to regulatory capital requirements,
- be on top of regulatory changes and help implementing the changes into the existing risk management tools,
- close cooperation with the group functions in relation to building, coding and implementing new risk models or model changes,
- reporting to senior management as well as external parties such as the National Bank of Belgium and the auditors.
The function provides an opportunity, using the knowledge of the existing team members and selective courses, to improve the application and usage of quantitative models to manage the risks associated to financial products. In addition, depending on your experience, you will be or become a key member in other projects within Risk MB that need to be developed and rolled through merchant banking.
Your base location will be Brussels (Havenlaan 2) but on-site visits (London) are an integral part of the job.
Location
Brussels
Profile and Education
We are looking for a candidate with the following profile:
- You have a background and interest in quantitative (numerical) fields. Preferably a master or PhD in (applied) sciences (mathematics, physics, civil engineer, …).
- Some experience in risk modeling (e.g. VaR), financial products and derivatives and applied financial mathematics is required.
- Knowledge of the programming language C++ and/or matlab is a plus. You must be able to confidently and comfortably discuss technical modeling items with pure quants/modelers (must be able to drive specifications).
- Strong analytical skills.
- Self-reliant and be a problem solver.
- As risk management is a "liaison" function, good communication and writing skills are a necessity.
- You must be a team player, both within the team and project teams.
- A high degree of flexibility is required given the constant changing environment and markets and often very tight deadlines.
- Training will be predominantly on the job added with specific courses.
What we offer
You can count on KBC for:
- active support during your career,
- an exceptional range of training and development opportunities,
- many different career opportunities,
- a permanent contract,
- a competitive salary package, including an extensive package of additional benefits and special terms for employees for our banking and insurance products,
- possibilities to integrate your work and private life,
- a dynamic working environment with an open culture and pleasant atmosphere.