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REGULATORY INVESTMENT RISK SPECIALIST (M/F)

  • Job Title: REGULATORY INVESTMENT RISK SPECIALIST (M/F)
  • Contract Type: Permanent
  • Location: Luxembourg
  • Salary: Market related
  • Start Date: 23-11-2021
  • Reference: JO0000004498
  • Contact Name: Anaïs Raso
  • Contact Email: anais.raso@dorecruit.com
  • Job published: 23 November 2021

REGULATORY INVESTMENT RISK SPECIALIST (M/F)

This is a great opportunity to join a leading US Asset Manager. You will be responsible for supporting the Director for Investment Risk and Regulatory Operations in meeting regulatory requirements related to Investment Risk.  
Project management skills will be needed to read and interpret the new regulation(s), develop business requirements, and ultimately prepare a playbook that will need to be followed to meet the regulatory requirements on an ongoing basis. The individual will act as business lead, collaborating with individuals from other departments as needed to ensure that all business requirements are met.

You will be part of a specific team within the Global Compliance  Department which  focuses on meeting regulatory requirements related to investment risk, including reporting requirements and related data templates, stress testing (particularly for money market funds), and performance and risk metrics for Key Information Documents (KIDs) that regulators require when marketing to prospective investors.

THE JOB

  • Supporting requirements with the UCITS KIID regulation, particularly with respect to the Synthetic Risk and Reward Indicator (SRRI) that is part of the regulation
  • Supporting compliance with regulations related to performance and risk requirements of Packaged Retail and Insurance-based Investment Products (PRIIPs) and its related Summary Risk Indicator (SRI), an EU-based regulation that is presently undergoing some revisions and will be replacing the UCITS KIID requirements
  • Supporting compliance with the Capital Requirements Regulation, which is demanded by banking platform clients who purchase our funds in Europe, including Solvability Ratio / Risk-Weight Calculation according to the Standard Approach (KSA)
  • Supporting compliance with Solvency II Regulation, demanded by insurance-related clients who need to know the Solvency Capital Requirements implications of purchasing our funds.
  • Support compliance with the Money Market Fund related regulations, both in the U.S. and in the EU, which requires the calculation and posting of certain data elements on public websites
  • Support the Director for Investment Risk and Regulatory Operations and liaise with other departments as and when other investment risk related regulations are put forward that require implementing a project to meet those regulatory requirements
  • Work with the team in Poland to perform monthly validation as to the accuracy of the UCITS SRRI and PRIIPs SRI figures and oversee monthly maintenance of risk and performance data for EPT and EMT data templates
  • Maintain policies and procedures, including “play-book” for the monthly cycle
  • Liaise with Luxembourg Risk Management team to ensure policies and procedures are followed with respect to internal credit quality assessment
  • Assist in creating a more robust data governance framework around regulatory reporting generally
  • Align reporting across the enterprise to ensure consistency of reporting
  • Rationalize use of vendors in regulatory reporting, to avoid duplication of effort or the use of different vendors for the same or very similar reporting 

THE CANDIDATE PROFILE:

  • Bachelor’s degree in finance, math, computer science or other quantitative discipline.
  • 5 or more years relevant work experience in the Financial Services Industry (investment funds, banking, professional auditing firms, insurance, 3rd party provider, etc.)
  • Knowledge of financial instruments and basic statistics.
  • Experience using Microsoft Office with good skills in Excel and PowerPoint
  • Experience with SQL or similar database skills
  • Strong verbal and written communication skills, experience with proofreading preferred
  • Analytical thinking, project management experience is an asset
  • Fluent in business English, plus an ability to speak German is highly preferred for this role due to the particularly prescriptive requirements in Germany,

THE CLIENT:
Our client is a leading Asset Management company.

At the final stages of the recruitment process, the successful candidate can be asked to provide supporting documentation such as, for example, copies of diplomas or proof of previous jobs, and a standard criminal record check might also be requested.

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