Finance - Risk Management

BTGPactual International; Luxemburg; On-site; EUR 90,000 - 130,000; Full time

Job summary

BTG Pactual Europe S.A. is seeking a Risk Management professional to join the second line of defense, independently identifying, assessing, monitoring and reporting credit, liquidity, market and IRRBB risks across the bank’s European operations.

The successful candidate will combine quantitative judgement with knowledge of banking products and EU regulatory requirements, presenting clear risk conclusions to ALCO, senior management and governance bodies.

Qualifications

• Experience in risk management within a bank or regulated financial institution.
• Experience with EU prudential regulation, risk reporting and governance documents such as ICAAP, ILAAP and recovery planning.
• Strong analytical, writing and presentation skills with the ability to communicate clear risk conclusions to senior stakeholders.
• Proficiency in English is required; other languages are an asset.

Responsibilities

• Perform independent credit analysis for new transactions, renewals and portfolio reviews.
• Prepare risk assessments and recommendations for credit approvals and monitor limits.
• Calculate and document IFRS 9 expected credit loss provisions and scenarios.
• Monitor portfolio quality, watchlist exposures and deteriorations.
• Monitor liquidity position, regulatory metrics (LCR/NSFR) and funding profiles.
• Prepare ALCO materials and present liquidity and balance sheet risk to senior stakeholders.
• Monitor market risk exposures and hedging instruments; challenge new products' risk and valuation.
• Prepare IRRBB analysis for ALCO and regulatory reporting.

Job description

About BTG Pactual Europe

BTG Pactual Europe S.A. is a fully licensed Luxembourg bank and wholly-owned subsidiary of Banco BTG Pactual S.A., Latin America’s largest investment bank. Operating since 2024 under its current name, the firm acts as a bridge between Latin American and European capital markets, serving high-net-worth individuals, family offices, and corporates across wealth management, corporate lending, asset management, and institutional fixed income sales.

BTG Pactual has grown rapidly — total assets reached EUR 1.3 billion at year-end 2025, up 90% year-on-year — and completed a major core banking migration to Avaloq in 2025. It now operates from Luxembourg with branches in Madrid (est. May 2025) and Lisbon (est. February 2026), and is in an active phase of regulatory infrastructure build-out, including the implementation of Regnology for Risk Management.

Role Purpose

The Risk Management professional will support the bank’s second line of defense by independently identifying, assessing, monitoring and reporting credit, liquidity, market and interest rate risks. The role combines day-to-day risk oversight with regulatory reporting, committee support and maintenance of the bank’s core risk governance framework.

The successful candidate will combine sound quantitative judgement, knowledge of banking products and EU regulatory requirements, and the ability to present clear risk conclusions to ALCO, senior management and governance bodies. The role requires effective challenge of first line assumptions, reliable execution and strong documentation standards.

Key Responsibilities

Credit Risk

• Perform independent credit analysis for new transactions, renewals and portfolio reviews, assessing borrower capacity, transaction structure, collateral, concentration and key risk mitigants
• Prepare clear risk assessments and recommendations for the relevant credit approval bodies and monitor compliance with approved limits and conditions
• Calculate, review and document expected credit loss provisions under IFRS 9, including staging, probability of default, loss given default, exposure at default and forward-looking scenarios
• Monitor portfolio quality, credit deterioration, watchlist exposures and concentrations, and elevate material developments

Liquidity Risk

• Monitor the bank’s liquidity position, limits, early warning indicators, funding profile and key regulatory metrics, including LCR and NSFR
• Perform liquidity stress testing, analyse survival horizons and funding concentrations, and assess the adequacy of liquidity buffers and contingency actions
• Prepare concise, decision-oriented ALCO materials and present liquidity, funding and balance sheet risk developments to senior stakeholders

Market Risk and New Products

• Monitor market risk exposures, sensitivities, limits and stress results arising from the bank’s trading and banking activities
• Assess derivatives, including NDFs and other hedging instruments, with appropriate review of valuation, risk drivers, counterparty exposure and control requirements
• Provide independent risk input for new products and material changes, challenging methodologies, limits, booking models and operational readiness before approval

IRRBB

• Monitor and analyse IRRBB metrics, including economic value and earnings-based measures, limits and early warning indicators
• Review and challenge behavioural assumptions, methodologies, stress scenarios, model outputs and proposed hedging or balance sheet actions
• Prepare IRRBB analysis for ALCO, senior management and regulatory reporting, ensuring clear escalation of material exposures and limit breaches

Risk Governance and Capital Adequacy

• Coordinate and maintain key governance documents and annual risk exercises, including ICAAP, ILAAP, the Recovery Plan and the Risk Appetite Framework
• Perform risk-bearing capacity assessments, stress testing and backtesting, and document methodologies, assumptions, results and management actions
• Prepare high-quality materials for management and board committees and support internal audit, external audit and regulatory reviews

Experience & Skills

Required

• 3–5 years of relevant experience in risk management within a bank or regulated financial institution
• Experience with EU prudential regulation, risk reporting and governance documents such as ICAAP, ILAAP and recovery planning
• Strong analytical, writing and presentation skills, with the ability to communicate clear risk conclusions to senior stakeholders
• Strong analytical and data management capabilities, with advanced proficiency in Excel and practical experience in leveraging data tools and programming languages (e.g., SQL, Python) to enhance reporting, automate controls, and improve process efficiency
• Proficiency in English is required, any other languages would be considered an asset

Preferred

• Master’s degree in finance, economics, mathematics or a related field; CFA, FRM or an equivalent qualification is an advantage
• Experience with regulatory reporting or risk platforms such as Regnology / WKFS and core banking systems such as Avaloq
• Experience in Luxembourg or another EU banking jurisdiction
• Knowledge of credit analysis and IFRS 9 expected credit loss methodology
• Practical experience in liquidity risk, ALCO reporting, Market Risk and IRRBB

Personal Attributes

• Strong ownership, attention to detail and disciplined execution under regulatory deadlines
• Collaborative approach and ability to work effectively across Risk, Finance, Treasury, Front Office, IT and senior management

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