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Designated Person for Operational Risk (PCF 39)

Ref: 76128

  • Highly Competitive Remunerations Package
  • 23 Nov 2021
  • Retained

About this Company:

They currently have Irish domiciled UCITS platform with over $9.billion in assets across multiple funds (covering Fixed Income, Real Estate, Equities etc) with assets coming from third parties as well as the funds seed capital.

  • With their exciting next chapter and strategic direction to pursue wider asset raising opportunities outside the US, with a primary focus on EMEA they are at a phenomenal stage of notable expansion.
  • With a global footprint in over 15 countries and over 1,000 investment professionals, this fund manager has a unique and distinctive culture and prides itself as a non-political and non-aggressive organisation and deep-rooted risk management culture and a strong track record long term careers with many teams’ members with the firm 8 – 12 years plus.

 

About this Role:

The DP of Operational Risk will be based in Dublin and oversee and manage adherence with all Irish and other relevant legal and regulatory requirements in relation to operational risk. This person will report into the Country Head part of their newly established management company, managing their UCITS fund range and other European investment funds.

 

 

KEY RESPONSIBILITIES

  • Maintaining an effective framework for operational risk oversight and ensure that the firm can operate in compliance with CP86
  • Regularly performing a risk assessment to enable a risk-based approach when determining the scope of the operational risk programme
  • Maintaining a monitoring programme that takes into consideration all areas of the firm’s activities.
  • The monitoring programme should establish priorities determined by the operational risk assessment ensuring that operational risk is comprehensively monitored
  • Perform analysis of operational risk data to identify risk insights, risk trends and emerging risks
  • Oversight of due diligence of fund service providers to include Investment Managers, Fund Administrators and Depositaries
  • Review monthly reporting from the investment managers and investigate any necessary matters.
  • Escalate any material issues to senior management and the Board and assist in the resolution of such issues
  • Work collaboratively with the DP for Fund Risk to oversee the risk management policy, risk register and risk appetite
  • Complete due diligence visits to the investment manager and provide reporting to the Board
  • Participate in the monthly CP86 working group discussion and provide a monthly written operational risk report
  • Participate in the quarterly UCITS Management Company Board meetings and provide quarterly written operational risk reports to the firm's Board of Directors
  • Participate in the quarterly UCITS Fund Board meetings and provide quarterly written operational risk reports to the firm's Board of Directors
  • Guiding and educating the firm's management and staff on operational risk and updating knowledge on recent regulatory changes related to operational risk

 

BACKGROUND AND QUALIFICATIONS

  • A strong background in operational risk and ERM frameworks with ideally 7+ years' experience in the investment management industry
  • Must meet minimum requirements of Central Bank of Ireland fitness and probity rules in respect of a PCF holder
  • Natural team player and very comfortable working in a new team build out in Dublin and building and forging strong relations across the UK, US and the wider risk teams
  • Strong experience in the identification and management of risk and controls.
  • Ability to challenge ideas, decisions and the status quo in an effective and constructive manner
  • Ability to identify material issues and know when to escalate them

 

Remuneration Package


Exceptionally Attractive Base, Bonus and Benefits - Hybrid Working Arrangements post Covid. 

Contact

For a confidential discussion, please contact
Estelle Davis or email Brightwater Executive or click the apply button below.

Brightwater Executive is retained exclusively for this key DP of Operational Risk  hire.