Risk manager with vision
Faust Borlinghaus has been working in Financial Risk Controlling at the Liechtensteinische Landesbank ( LLB Banking ) since June, bringing with him extensive experience in the banking sector. He worked in Innsbruck for eight years before moving to Liechtenstein. His focus is on liquidity and market risk, although the latter is new territory for him. "When you think of a bank, traditional bank advisors usually come to mind," he says, "but behind the scenes there are many regulatory issues that we deal with on a daily basis."
He originally began his professional career by studying mathematics in Constance before deciding to move to Innsbruck for love and study economics there. His interest in banking and finance only developed during his Master's degree - a direction he had not planned to take at the beginning. But now he has arrived in the banking world and feels very comfortable in his new job.
In the area of market risk, interest rates in particular play a decisive role. Our task is to protect the bank against interest rate changes while at the same time taking advantage of opportunities. Liquidity risk is about ensuring that the bank can meet its obligations at all times. If all customers wanted to withdraw their money at the same time, hardly any bank in the world would be able to cover this immediately, which is where liquidity management comes into play.
In addition to my responsible job as a risk manager, I find a balance in my free time as a passionate runner. I often cover the distance from Feldkirch to Vaduz and back by bike or sometimes on foot.
Exercise is my great passion, and the region offers me everything an outdoor enthusiast's heart desires: running, mountaineering, road biking, mountain biking and ski mountaineering. This is the ideal region for my hobbies - family, work and mountain sports are my triangle in life, and it couldn't be a better fit.
Even though I couldn't understand longer commutes in the past, my perspective on them has now changed: Life circumstances are changing, and with a family and a desire for work that fulfills me, commuting is accepted. Before I applied to the LLB, I explored the area on the map and was already planning creative routes to work. One of my ideas: the route via the "Three Sisters" - approx. 24 kilometers and 2000 meters in altitude, depending on the route. It takes about four and a half hours, but you are rewarded with beautiful sunrises or a relaxed after-work run.
Another time, good weather and the spontaneous decision to make the journey home to Tyrol led me to walk from the bank to Feldkirch main station. The plan: via Steg through the Samina Valley - with backpack and laptop in my luggage. A distance of a good 32 kilometers and 1500 meters in altitude, and always with the time pressure of catching the last train to Tyrol. And I actually made it - with 10 minutes to spare!
I have my gliding license, but as mountain sports are my great passion and I envied the mountain runners when I was gliding, I decided to get my paragliding license for Hike & Fly as well. I completed my training from February to June, which was a little protracted due to the weather. My goal: to fly to Vaduz for work one day. As I explored the region from Feldkirch to Vaduz, I thought to myself: there's a meadow up there from which you can take off - that should work well. Walk to Saroja and fly from there over Planken and the Rhine Valley to Vaduz - a distance of about 12 kilometers, where the gliding angle should actually be right.
In my second week at the LLB, I then ran home via the "Three Sisters" and met another runner who works in Schaan, was also on his way home and is also a paraglider. We went ahead with the plan in July, but unfortunately the headwind was so strong that we barely made it into the Rhine Valley. We ended up hanging over overhead barriers and somehow we couldn't make any progress until we finally landed somewhere in a field. It was clear that it would be almost impossible to get to Vaduz in the morning. Despite the failed attempt, the experience was unique. And who can say that they wanted to paraglide to work? - and who knows, maybe one day you will succeed in flying to the office.