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Head of Fund Risk

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Amundi

Sep 18

  • Job
    Full-time
    Senior Level
  • Consulting
    Banking & Finance
  • Dublin
  • Quick Apply

AI generated summary

  • You need 8+ years in risk management, senior management exposure, knowledge of financial operations, Excel skills, CP86 familiarity, PCF39 approval, instrument valuation, data mining, and a degree. FRM or CFA preferred.
  • You will oversee the financial risk framework, monitor limits, conduct portfolio reviews, prepare reports, liaise with regulators, and collaborate with risk management teams.

Requirements

  • - 8+ years’ experience with a proven track-record in the risk management field, ideally from an Asset Management background.
  • - Experience of dealing with senior management and interacting at Board level.
  • - Knowledge of financial services operations including equity, fixed income and derivative instruments;
  • - Proficient MS Excel user;
  • - Familiarity with CP86 requirements for Fund Risk Management
  • - Prior PCF39 approval
  • - Experience in valuation of financial instruments.
  • - Data Mining experience
  • - VBA and SQL an advantage;
  • - Bachelor Degree / BSc Degree or equivalent;
  • - FRM or CFA qualification.

Responsibilities

  • - Responsible for the financial risk framework for Investment products in AIL
  • - Provide oversight and reporting for DP Fund Risk Management under CP86 requirements
  • - Define and present to the Board the correct financial risk appetite of products developed in AIL or under management of AIL
  • - Translate the risk appetite in tangible limits (exposures, VAR, TE, liquidity, etc..) to be assigned to each product
  • - Define stress scenarios (liquidity and marker risk) to each portfolio
  • - Monitor the limits, escalate and follow up violations according to the Amundi escalation procedure
  • - Review monthly financial risk reports received by external managers and liaise with external risk managers to resolve violations/ issues
  • - Conduct regular portfolio reviews of portfolios under his/her responsibility
  • - Prepare regular and ad hoc reports on violations and other financial risk matters to the Board, Risk Management Committee, Clients and Senior Manager
  • - Liaise with the local regulator on financial risk matters
  • - Collaborate with Risk Management teams in Amundi in developing the group risk framework

FAQs

What is the primary responsibility of the Head of Fund Risk?

The primary responsibility of the Head of Fund Risk is to assess financial risks of Amundi funds/mandates and report/advise to Senior Management and the Board of Directors on the appropriate financial risk appetite for products developed and monitored under their responsibility.

How does the Head of Fund Risk contribute to the risk management framework at Amundi?

The Head of Fund Risk is a key contributor to the implementation of Amundi’s Risk Management framework within AIL, ensuring that financial and operational activities do not expose the organization and clients to potential losses beyond their risk tolerance levels.

What qualifications are preferred for this role?

Preferred qualifications include 8+ years’ experience in the risk management field, ideally from an Asset Management background, experience interacting with senior management and Boards, knowledge of financial services operations, proficiency in MS Excel, familiarity with CP86 requirements, and a Bachelor Degree or equivalent. FRM or CFA qualifications are also advantageous.

Is there a requirement for previous approval for this position?

Yes, prior PCF39 approval is preferred for candidates applying for the Head of Fund Risk position.

What skills are valued for this role?

Skills valued for this role include being a team player, having initiative and motivation, strong problem-solving ability, being highly organized and detail-oriented with strong analytical/quantitative skills, leadership abilities, and the capacity to constructively challenge and motivate team members.

What type of experience is required regarding financial instruments?

Candidates should have experience in the valuation of financial instruments and knowledge of equity, fixed income, and derivative instruments.

How often will the Head of Fund Risk need to report to the Board?

The Head of Fund Risk is responsible for providing the Board, the Risk Management Committee, and Senior Management with regular reports on the risk framework, including any violations.

Does the role require interaction with external entities?

Yes, the Head of Fund Risk will need to liaise with external risk managers to address any violations/issues and collaborate with internal and external parties to ensure compliance with financial risk limits.

Are there professional development opportunities available at Amundi?

Yes, Amundi offers a range of development programs aimed at helping team members reach their full potential, along with cross-functional and geographical internal mobility opportunities.

What is Amundi’s stance on inclusion and diversity?

Amundi is committed to equality of opportunity, diversity, inclusion, and non-discrimination, ensuring a responsible and supportive work environment for all employees.

Trust must be earned

Finance
Industry
5001-10,000
Employees
2010
Founded Year

Mission & Purpose

Amundi, the leading European asset manager, ranking among the top 10 global players* , offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets**. With its six international investment hubs***, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape. Amundi clients benefit from the expertise and advice of 5,400 employees in 35 countries. Amundi, a trusted partner, working every day in the interest of its clients and society * Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as at 31/12/2021 ** Amundi data as at 31/12/2022 *** Boston, Dublin, London, Milan, Paris and Tokyo