Group Head of Financial Risk

Pictet Group; Genf; On-site; CHF 180,000 - 260,000; Full time

Job summary

Pictet Group is seeking a Group Head of Financial Risk to lead the second line of defense and oversee risk management for market, liquidity, IRRBB and counterparty risk. The role combines strategic governance with hands-on risk analysis, stress testing and reporting to senior management.

You will drive methodology improvements, advise on risk appetite and ensure regulatory alignment, while collaborating across the Group to safeguard financial soundness.

Qualifications

• University degree in Finance or Science (engineering, mathematics, etc.) or equivalent.
• Minimum 10 years' experience in financial risk management within banking/investment environment.
• Proven track record designing and overseeing complex risk frameworks at group or large-entity level.
• Deep technical expertise in derivative products, trading strategies, valuation and risk measurement.

Responsibilities

• Maintain and enhance the Group's framework, policies, methodologies and standards for Market, Liquidity, IRRBB and Counterparty Risk.
• Ensure alignment with risk appetite, objectives and regulatory requirements.
• Define and review risk appetite metrics, limits and tolerances.
• Provide independent risk expertise to senior management and governance committees.
• Drive improvements in risk methodologies, monitoring, reporting and governance practices.
• Maintain independent assessment of the Group's financial risk profile.
• Perform analyses, stress testing, thematic reviews and investigations into emerging risks.
• Challenge risk assessments and controls developed by first lines of defence.
• Review material exposures and significant changes in risk environment; escalate as needed.
• Provide independent opinions on significant transactions and initiatives.
• Oversee monitoring of market, liquidity, interest rate and counterparty risk exposures.
• Produce clear, timely risk reporting to senior management and governance bodies.
• Escalate significant risk developments and recommend mitigations.
• Support balance sheet resilience assessments.

Skills

Financial risk management

Derivatives knowledge

Risk frameworks design

Quantitative analysis

Data reporting tools (SQL/Tableau)

Communication

French & English fluency

Education

University degree in Finance or Science

CFA/CAIA/CIIA or equivalent

Tools

Front Arena

RiskPro

Avaloq

Tableau

SQL

Job description

Career Opportunities: Group Head of Financial Risk (125038)

Requisition ID125038-Posted29/10/2026-Switzerland-Geneva- Activity area (1) -Experienced Professionals

Corporate Functions includes the Group's non-banking activities and employs more than 900 people. These functions are carried out by specialists with expertise across all business units and include the Communications, Compliance, Corporate Office, Finance, Human Resources, Information Security, Internal Audit, Legal, Risk, Strategy & Projects, and Tax departments.

You will join the Group Financial Risk team, which safeguards the Group's financial soundness through an independent, forward-looking view of market, counterparty and ALM risks. The unit oversees the risk management framework for the Trading and Banking Books, supporting prudent capital and balance sheet management, effective internal controls and regulatory compliance. Its data-driven analytics inform strategic decisions and foster a strong risk culture across all entities. As Group Head of Financial Risk, you will combine functional leadership and second-line oversight with hands-on involvement in risk analysis, stress testing, monitoring, reporting, policy development and risk assessments. Drawing on strong technical expertise and strategic judgement, you will provide independent challenge and advise senior management, while supporting the Group Head of Risk in governance, escalation and regulatory interactions.

Your role

You will be responsible for:

• Maintain and enhance the Group's framework, policies, methodologies and standards for Market Risk, Liquidity Risk, IRRBB and Counterparty Risk.
• Ensure alignment with the Group's risk appetite, strategic objectives and applicable regulatory requirements.
• Contribute to the definition and periodic review of risk appetite metrics, limits and risk tolerances.
• Provide independent financial risk expertise and advice to senior management and governance committees.
• Drive continuous improvements in risk methodologies, monitoring capabilities, reporting and governance practices.
• Maintain an independent assessment of the Group's financial risk profile.
• Perform and oversee risk analyses, stress testing, thematic reviews and investigations into emerging risks.
• Challenge risk assessments, methodologies, assumptions, limits and mitigation measures developed by the First Lines of Defence.
• Review material exposures, concentrations, limit breaches and significant changes in the risk environment, ensuring timely escalation where appropriate.
• Provide independent opinions on significant transactions, initiatives and risk-taking activities.
• Oversee the monitoring of market, liquidity, interest rate and counterparty risk exposures across the Group.
• Produce and present clear, timely and decision-oriented risk reporting to senior management and governance bodies.
• Escalate significant risk developments and provide recommendations on mitigating actions.
• Support assessments of the Group's balance sheet resilience and overall financial risk profile.

Your profile

• University degree in Finance or Science (engineering, mathematics etc) or qualification deemed equivalent. CFA, CAIA, CIIA or equivalent post-grade.
• Minimum 10 years' experience in financial risk management within a banking or investment-led environment, including significant exposure to market, liquidity, IRRBB and counterparty risk.
• Proven track record in designing, enhancing and overseeing complex financial risk frameworks at Group or large-entity level, including risk appetite, policies, limits and control frameworks.
• Deep technical expertise in derivative products, trading strategies, valuation and risk measurement methodologies, as well as relevant prudential and market regulations.
• Familiarity with risk and trading systems (e.g. Front Arena, RiskPro, Avaloq) and with data / reporting tools (e.g. Tableau, SQL or similar) is an advantage; ability to interpret and challenge quantitative analysis.
• Entrepreneurial and "can-do" attitude, with the ability to work both independently and collaboratively in a fast-paced matrix environment.
• Excellent organisational, interpersonal and communication skills.
• Fluent in French and English
• Must be resident in Switzerland, or willing to relocate.

Note

We will not accept any CVs via agencies.

Diversity & Inclusion

Pictet is an equal opportunity employer and is committed to creating a diverse environment. We respect all individuals and seek their inclusion in the workplace.