Risk Management Framework & Processes Unit Manager

Join our team as a Risk Management Framework & Processes Unit Manager!

Yes, you can! That's our attitude towards our work, ambitions, ideas and relationships. We, at Luminor, believe that anyone has the potential to achieve big things and we encourage everyone to achieve them – professionally and personally.

Whoever you are, and whatever your role is, with Luminor you will get a once-in-a-lifetime opportunity to literally build a local banking champion.

Luminor is offering employment for people displaced by the invasion of Ukraine. We are a dynamic, Pan-Baltic bank with a diverse team and have a number of great professional opportunities available both in business and support functions.

What You Will Do:

• Lead a unit responsible for developing and maintaining key elements of Luminor’s Risk Management Framework, including Risk Policy, Risk Appetite Framework, Risk Appetite Statement and Stress Testing Framework
• Coordinate key ERM processes including the ICAAP, Recovery Plan and Resolution Planning activities including annual risk assessments on Luminor’s business strategy and Financial Plan
• Be overall responsible to act as 2nd line function for Solvency Risk and Business Model Risk including monitoring and control activities of 1^st Line functions (in particular Treasury and Performance Management & Strategy Departments)
• Define and clarify the expectations and responsibilities of subordinates’ roles and ensure the understanding how they align with team’s and Luminor’s strategic goals and values.
• Empower subordinates to define their own measurable objectives that are consistent with the team’s and Luminor’s vision and ensure that subordinates prioritize and execute their tasks effectively.
• Enable subordinates to deal effectively with their responsibilities, delegate the necessary authority in line with employee performance and seniority, bring high energy to support, follow up-on work.
• Foster the growth and potential of subordinates: deliver timely and constructive feedback on results, leverage regular 1:1 session as coaching opportunity, guide through inquiry and ensure that learning activities are prioritized.
• Select the right talent to the right roles, take care of successful onboarding, wellbeing of team and manage underperformance timely. Ensure that relevant succession and development plans are in place, recommend promoting people with further potential.

• Promote and execute a risk culture in the team that addresses risk awareness and risk-taking behaviour, convey the messages from the Management Board to the team, ensure training of team on risk management, support the team in risk identification, assessment, and mitigation activities, and escalate risk-related issues.

What We Expect:

• Masters’ Degree in Business, Economics, Finance or similar field
• Good understanding of key regulatory expectations on ERM frameworks and processes, in particular ICAAP, RAF, Recovery and Resolution Planning
• Previous managerial experience 1-3 years;
• Experience in similar role 5-10 years;
• Budget management skills;
• Coaching and people development;
• Cross functional and cross border cooperation skills;
• Decision making ability;
• Leadership skills;
• Fluency in English

What We Offer:

• Flexibility. Flexible working hours, remote work and possibility to work from anywhere in EU, Iceland, Switzerland and UK (in total 90 days per year)
• International teams. Teams that go outside Pan-Baltic borders where people value challenging work together with good humour and having fun
• More vacation. Additional week of vacation available to all employees who have been in the company for 1 year or more
• Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes
• Paid leave. We are proud of our employees who are participating in military trainings. Therefore, Luminor offers 30 fully paid calendar days for military trainings every year
• Health benefits. A competitive benefits package in addition to your salary that includes health insurance after first 3 months pass in all three Baltic states as well as Health days in case of your absence due to sickness without doctor note needed
• Wellbeing. Access to tools and resources that help to feel good and be productive at work and in life
• Professional growth. Internal and external training programs, workshops, conferences, online training etc.
• Gross salary. 4400- 7000 EUR/month, which is to be determined depending on your level of experience and competencies

Application deadline is 24th of April. Please apply with your CV in English and PDF form.