Senior Risk Manager

at  abrdn

Job Description
At abrdn, our purpose is to enable our clients to be better investors.
Clients worldwide trust us to find future-fit investment opportunities to deliver the outcomes they want. Our technology and insight help empower them to make better decisions, while the powerful partnerships we build help to enhance the expertise that we offer. And by enabling clients to invest responsibly, it helps us to build a better world.
About the department
The Risk Management function is responsible for identifying, assessing, and mitigating risk. This includes establishing risk management procedures and processes to ensure adherence to policies.
About the role
As the Senior Risk Manager you will get the opportunity to contribute to ensuring that abrdn Investments Luxembourg S.A. 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 to manage a team of investment risk specialists to achieve these objectives.
You 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. You will also assist the Head of Risk Luxembourg & Conducting Officer on the coordination with other risk teams within the Group with the objective of aligning the Group’s risk management framework in Europe.

Key Responsibilities

• Primary responsibility for ensuring 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 as regards the identification of the risk profile of each UCITS or financial AIF launched and managed by the Management Company
• Responsible for the design and implementation of the oversight activities, namely analysis of the daily investment risk reporting from risk management platforms such as RiskMetrics and Axioma, 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 UK Investment Risk team, where required;
• Developing 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 .
• Working with the Investment Risk team on development of new Investment Risk reporting for the funds and also development of risk reporting to the Board of Directors of the Management Company and the Boards of the funds;
• Supporting 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;

About the candidate requirements

• Experienced in working on investment risk and on managing teams
• Professional Risk Manager qualification, such as PRM, or equivalent
• Good understanding of Luxembourg and European risk management requirements and prior exposure to UCITS and Financial AIF funds
• Strong understanding of investment risk analytics such as VaR
• Strong knowledge of financial instruments and markets
• Strong knowledge in equity, fixed income, credit and derivatives

We’re committed to providing an inclusive workplace where all forms of difference are valued and which is free from any form of unfair or unlawful treatment. We define diversity in its broadest sense – this includes but is not limited to our diversity of educational and professional backgrounds, experience, cognitive and neurodiversity, age, gender, gender identity, sexual orientation, disability, religion or belief and ethnicity and geographical provenance. We support a culture that values meritocracy, fairness and transparency and welcomes enquiries from everyone.
If you need assistance or an adjustment due to a disability please let us know as part of your application and we will assist

• Primary responsibility for ensuring 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 as regards the identification of the risk profile of each UCITS or financial AIF launched and managed by the Management Company
• Responsible for the design and implementation of the oversight activities, namely analysis of the daily investment risk reporting from risk management platforms such as RiskMetrics and Axioma, 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 UK Investment Risk team, where required;
• Developing 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 .
• Working with the Investment Risk team on development of new Investment Risk reporting for the funds and also development of risk reporting to the Board of Directors of the Management Company and the Boards of the funds;
• Supporting 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