Internship - Collateral Management (M/F)
il y a 2 semaines
Description
Founded in 1856, 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 2 000 people, BIL is present in the financial hotspots that are Luxembourg, Switzerland, and China.
As a major player in Luxembourg’s finance industry and as a signatory of the UN Principles of Responsible Banking, BIL is committed to handing over a responsible and sustainable bank to future generations.
**Responsibilities**:
**Overall purpose of the function**:
The Liquidity & Collateral Management team is located in the dealing room and is part of the Financial Markets & Strategy business line.
Collateral Management is a centralized support function whose primary role is to monitor and mitigate counterparty credit risk of the derivatives activity of the bank through:
- The determination and calling of daily margin at a portfolio level;
- The calculation and the analysis of related risk metrics;
- The implementation of the requirements urged by the regulatory (EMIR) or business environment and the bank’s transformation plan.
**Key accountabilities**:
- Daily margin calls, dispute resolution, portfolio reconciliation and reporting;
- Calculation and reconciliation of monthly call accounts interests paid or received;
- Reconciliation and reporting of no-master agreement exposures, in line with EMIR regulation;
- Take part in the implementation of the Initial Margin requirements within the Collateral Management process;
- Take part in the enhancement of the monthly portfolio reconciliation process;
- Respect of deadlines agreed with each counterparty (mainly CSA and GMRA contracts).
Must Have Requirements
**Profile**:
- A master’s degree (or equivalent) in Finance/Economy/Mathematics;
- Good understanding of financial products, especially of interest rate, equity and FX derivatives;
- Knowledge of market and credit risk metrics.
- Advanced proficiency in MS Excel/VBA
- Fluent in French and English.
**Interpersonal skills**:
- Thoroughness, curiosity, open-mindedness;
- Effective relationship management skills across technical and non-technical stakeholders, with ability to tailor explanations to level of expertise;
- Ability to handle multiple tasks and prioritize accordingly;
- Stress resilience.
We offer
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.
BIL is firmly of the opinion that diversity & inclusion contribute towards increasing the collective performance of the bank. We are committed to creating a culture of inclusion that encourages individual development with equal opportunities for all.
Languages English French Education Master Experience 0+ years
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