Laboral Kutxa is a prominent Spanish credit union and cooperative bank headquartered in Arrasate (Mondragón). Formed through the merger of Caja Laboral and Ipar Kutxa, it operates as part of the Mondragon Corporation, the world's largest worker-owned cooperative. The bank provides a full range of financial services, including retail banking, insurance, and wealth management, primarily serving the Basque Country, Navarre, and surrounding regions.

In Spain, Laboral Kutxa maintains a significant corporate presence in Gipuzkoa and Bizkaia, with an extensive branch network across Northern Spain. The company is unique for its cooperative business model, where employees have the opportunity to become member-owners, fostering a culture of participation and long-term stability. For international professionals, the bank offers specialized roles in areas such as cybersecurity, international payment solutions, and financial regulation, though proficiency in Spanish is typically essential for integration.

Laboral Kutxa was formed in 2012 following the merger of Caja Laboral (founded in 1959) and Ipar Kutxa (founded in 1965). It is the financial arm of the Mondragon Corporation, reflecting a long history of cooperative banking in the Basque region.

For international professionals

Operates under a cooperative model where employees can eventually become member-owners of the bank.
Headquartered in Arrasate (Mondragón), offering career opportunities in the Basque Country's industrial and financial heart.
Actively hires for specialized technical roles in cybersecurity, data governance, and international payment systems.
Strong emphasis on social responsibility, with a significant portion of profits reinvested into local community and cultural projects.
Fluency in Spanish is generally required, and knowledge of the Basque language is highly valued for many regional roles.

Banking Planning and Regulation Specialist (Recovery & Resolution)

Laboral Kutxa

This job was originally posted in Spanish and automatically translated to English. You'll most likely need Spanish to apply.

Job Description

Your mission will be to respond to regulatory requirements regarding Recovery & Resolution, participating in both the preparation of documentation and the design and execution of testing frameworks.

YOUR DAY-TO-DAY:

Prepare regulatory documentation related to resolvability: governance, communication, operational continuity, liquidity, bail-in, separability, contingency plans, and self-assessment.
Maintain direct communication with the Bank of Spain, FROB, and other supervisory bodies, participating in workshops and resolving requirements.
Design, coordinate, and execute testing exercises (MATP) within the scope of Resolution.
Analyze and implement guidelines from the European Banking Authority (EBA) and the Single Resolution Board (SRB).
Prepare and coordinate the Recovery Plan (quantitative and qualitative aspects), in collaboration with the Risk function.
Design and execute testing exercises for the Recovery Plan: stress scenarios, recovery options, and governance framework.
Prepare result reports and respond to supervisor recommendations.
Participate in requirements from audit firms, rating agencies, and other organizations.
Collaborate on economic-financial analyses and monitoring of the entity's key indicators (profitability, budget deviations, dashboard, etc.).

WHAT WE EXPECT YOU TO BRING:

Degree in Business Administration, Economics, or similar (financial specialization is valued).

At least 3 years of experience in banking regulatory environments (Recovery & Resolution, Risk, etc.), ideally in audit, consulting, or project coordination.
Knowledge of tools or frameworks such as SAS, FOCUS, or MAR (Risk Appetite Framework).
Analytical and decision-making skills, teamwork, and communication skills in demanding environments.
High level of Basque and English.

WHAT DO WE OFFER?
A different way of working, growing professionally and personally, so that you can unleash your full potential in a sustainable and inclusive manner. To achieve this: • We promote teamwork, mutual support, and participation. • We personalize training to develop people's skills throughout their professional lives. • We offer the flexibility you need to ensure a good balance between professional and private life. • We bet on internal talent, and therefore you will have multiple opportunities to face new challenges and assume new roles. • We will take care of you through Zainduz, our health program, through which you can enjoy: workshops on healthy habits and emotional well-being, digital physiotherapy services, and incentives for walking or cycling to work. • We will facilitate access to the Lagun Aro medical network for you and your family, in addition to special banking and insurance conditions.
Ultimately, we offer inclusive and respectful work environments, guaranteeing equal opportunities between men and women in work dynamics and professional careers, working to be a benchmark in equality.

View original advert (Spanish)

Tu misión consistirá en dar respuesta a los requerimientos regulatorios en materia de Recovery & Resolution, participando tanto en la elaboración documental como en el diseño y ejecución de marcos de testeo.

TU DÍA A DÍA:

Elaborar la documentación regulatoria vinculada a la resolubilidad: gobernanza, comunicación, continuidad operativa, liquidez, bail-in, separabilidad, planes de contingencia y autoevaluación.
Mantener interlocución directa con el Banco de España, FROB y otros organismos supervisores, participando en workshops y resolviendo requerimientos.
Diseñar, coordinar y ejecutar ejercicios de testeo (MATP) en el ámbito de Resolución.
Analizar e implementar directrices de la Autoridad Bancaria Europea (EBA) y la Junta Única de Resolución (JUR).
Elaborar y coordinar el Plan de Recuperación (vertiente cuantitativa y cualitativa), en colaboración con la función de Riesgos.
Diseñar y ejecutar ejercicios de testeo del Plan de Recuperación: escenarios de estrés, opciones de recuperación y marco de gobierno.
Elaborar informes de resultados y dar respuesta a recomendaciones de supervisores.
Participar en requerimientos de auditoría, agencias de rating y otros organismos.
Colaborar en análisis económico-financieros y seguimiento de indicadores clave de la entidad (rentabilidad, desviaciones presupuestarias, cuadro de mando, etc.).

QUÉ ESPERAMOS QUE APORTES:

Grado/Licenciatura en ADE, Economía o similares (valorable especialización financiera).