Risk Associate

Permanent

Bruin

Risk Associate
Luxembourg,
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Ref: 29021

Our client is a world leading alternative investment asset manager. Their investment vehicles include but are not limited to private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, non-investment grade credit, and real assets, all on a global basis.

Our client is seeking and Associate for their European Fund Management team focused mostly on liquid funds deploying Hedge Fund and Fund of Funds strategies. Our client’s European Fun Management Risk is responsible for developing and employing adequate and effective risk management processes to monitor, assess and manage risks that may have an adverse impact on our client’s European Fund Management and its AIFs and SMAs. Our client’s European Fund Management Risk is also responsible for regulatory reporting, oversight of the Depositaries and IT compliance.

 

Responsibilities

 

In this role, the Associate (Liquid funds) will be an integral member of our client’s European Fund Management Risk team ensuring effective risk assessment, adequate oversight, and comprehensive reports to governing bodies. The Associate (Liquid funds) will be expected to produce best-in-class materials. The Associate (Liquid funds) will also participate in specific risk projects and to the ongoing enhancement of the risk management function.

Key responsibilities will include, amongst others:

Risk Management

Support in the AIFs, SMAs and AIFM risk management duties and tasks, including:

  • Support senior risk officers in the drafting of risk management procedures and policies, and risk profiles
  • Support senior risk officers in the review of AIFs’ offering documents from a risk management perspective
  • Collaborate closely with our client’s European Fund Management risk officers on risk management monitoring and reporting
  • Collaborate closely with our client’s European Fund Management risk officers and local teams on the post trade investment compliance monitoring process and reporting
  • Assist in the market and liquidity stress testing programs
  • Support senior risk officers in preparing risk management related presentations to the management committee and Boards with regards to AIFs managed by our client’s European Fund Management
  • Liaise with our client’s teams to collect relevant documents, reporting and data to support the risk management function
  • Coordinate with both internal and external teams to deliver accurate, timely and robust risk analyses
  • Support the annual due diligence process over internal and external providers (depositary banks, IT, etc.)

 

 

Oversight of Depositary Banks

  • Assist in the initial and periodic due diligence on Depositary Banks appointed by the AIFs
  • Oversight of Depositary Banks activities including safekeeping, recordkeeping, ownership verification of assets, cash flow monitoring and other oversight duties (NAV calculation, subscription and redemption processes, investment compliance, income distribution processes and timely settlement of transactions)

Reporting

  • Coordinate with both internal and external teams on regulatory reporting and review the accuracy and completeness of provided information (AIFMD Annex IV, AIFMD annual reports, CSSF CRE, etc.)
  • Oversee the quality of service received from external service providers, keep track of and follow-up on incidents and implement KPIs

 

Qualifications and Experience:

 

  • University degree in Finance, Economics, or similar discipline
  • 3 to 5 years’ experience in the investment fund industry with a strong focus on risk management and/or UCIs deploying Hedge Fund/Fund off Funds strategies
  • Good knowledge of VaR models (including backtesting), liquidity models and counterparty risk
  • Good understanding of OTC derivative instruments and Securities Financing Transactions (“SFTs”)
  • Knowledge of European and/or local requirements in relation of AIFs and risk management
  • Ability to work effectively in cross-functional collaborations
  • Fluent in English, both written and oral, and any other language will be considered as an asset
  • Excellent communication skills
  • Team player with resourceful mindset and efficiency-driven
  • Ability to multi-task and execute a wide range of assignments and strong time management skills
  • Great attention to details and accountability for delivery, highly organized
  • Ability to act autonomously and know when to escalate matters when appropriate

 

 

 

Location: Luxembourg

Bruin recognises the positive value of diversity, and aims to promote equality and challenge unfair discrimination. As a champion of equal opportunity employment we welcome applications from all suitably qualified persons – men and women, people of all ages, sexual orientations, nationalities, religions and beliefs. We particularly encourage applications from women, disabled, and Black, Asian and minority ethnic candidates as these groups are underrepresented throughout the financial services industry. Our clients work with us because they value a diverse workforce, and subscribe to our shared principle that all appointments are made on merit and that ability to perform the job will be the primary consideration.

Nick.White

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