Senior Risk Manager at PricewaterhouseCoopers (Recruitment for clients) Luxembourg

Our Client, a super management company based in Luxembourg, is currently looking for a:

Senior Risk Manager - UCITS & Financial AIFs (m/f)

The Purpose of the role is to ensure that the company has a fully functioning risk management framework and is compliant with all risk management principles, policies and rules and other applicable risk management regulations.

The scope of the role includes oversight of risk management across individual portfolios, firm level exposures and management of a team of investment risk specialists, to achieve these objectives.

The Senior Risk Manager will be the main point of contact to the Board and the regulator (the CSSF) for risk related matters related with UCITS and Financial AIFs. He/ She will also assist the Head of Risk Luxembourg on the coordination with other risk teams within the Group with the objective of aligning the Group’s risk management framework in Europe.

Your responsibilities:

• Ensure that the Management Company’s Risk Management Process (“RMP”) addresses all risks to which the funds are exposed and that the document is maintained and up to date;
• Manage and coach the UCITS and financial AIFs risk team;
• Provide advice on the identification of the risk profile of each UCITS or financial AIF launched and managed by the Management Company;
• Be responsible for the design and implementation of the oversight activities, namely analysis of the daily investment risk reporting from risk management platforms such as Sungard APT and RiskMetrics, backtesting and stress testing reports, on performing commonality checks, limit-based checks for the funds and investigation of any report issues detected, and liaison with the Investment Risk team, where required;
• Develop strong, constructive relationships with key Group stakeholders with a view to improve the overall risk management framework, the models and risk management tools used, and to build effective communication channels to discuss issues and/or process improvements;
• Support the Group's Risk Management Framework to include but not limited to supporting SHIELD events, Risk and Controls Self-Assessment (RCSA) and Key Risk Indicator module where applicable to the Management Company;
• Monitor operational regulatory risk in Luxembourg (together with any regulatory returns, where required);
• Ensure event reporting including root cause analysis and significant event report drafting for the Management Company Reporting;
• Provide regular reports to the Board of Directors of the Management Company on the consistency between the current level of risk incurred by each fund and the risk profile agreed for that fund.

Your profile:

• You hold a University degree, preferably in a numerical discipline with a Professional Risk Manager qualification, such as PRM or equivalent;
• You have a minimum of 5 to 10 years’ experience working on investment risk and managing teams;
• You have a good understanding of Luxembourg and European risk management requirements with prior exposure to UCITS and Financial AIF funds;
• You possess strong understanding of investment risk analytics such as VaR, strong knowledge of financial instruments, markets, equity, fixed income, credit and derivatives;
• You are eager to take responsibility, you can manage a team, be collaborative and work within a multicultural environment;
• You are customer focused with strong communication skills and a solution-oriented mindset;
• You are fluent in English, French (other Luxembourg official languages will be considered an advantage).

Interested? This is your chance to apply now!

Please send us your application, which will be treated with the strictest confidentiality.

E-mail: lu-hrs-recrutement@lu.pwc.com