Fund Risk Officer

ING Luxembourg; Metz; Sur place; EUR 70 000 - 90 000; Plein temps

Résumé du poste

A leading banking institution in Luxembourg is looking for a Fund Risk Officer to manage risk processes and reports effectively. The ideal candidate will have expertise in risk management within the fund industry, as well as strong analytical and quantitative skills. A Master’s degree in finance or a related field and fluency in English and French are required. This is an exciting opportunity to contribute in a dynamic and supportive environment.

Prestations

Training on-the-job

Dynamic work environment

Autonomy in role

Wide range of tasks

Qualifications

• At least 5 years’ experience in the fund industry, ideally in risk management.
• Solid knowledge in risk management of funds using a VaR approach.
• Knowledge of operational risk management and IT risk management (DORA) is an asset.

Responsabilités

• Assist in defining and reviewing the risk management process.
• Contribute to the identification and definition of risk profiles.
• Calculate and monitor risk metrics of UCITS/AIF.
• Prepare risk management reports to senior management.

Connaissances

Quantitative and analytical skills

Knowledge of financial markets & products

Fluency in English and French

Microsoft Office proficiency

Team player with good communication skills

Formation

Master in economics / finance / mathematics or equivalent

Description du poste

Your role & work environment

ING Solutions Investment Management (ISIM) is looking for a Fund Risk Officer to support the current and planned developments of its activities in Luxembourg.

ISIM is a subsidiary of ING Luxembourg. ISIM benefits from the status of a “Super ManCo” as it has the licenses to manage both UCITS and Alternative Investment Fund (AIF). ISIM oversees Investment funds distributed by ING Group entities.

Launched in 2014, ISIM is pursuing its development and its positioning as the Management Company (‘ManCo’) of ING Group and is the key tool for Investment fund solutions within the Group, reaching assets under management of over 40bln EUR.

Risk Management Process

• Assist in the definition, review and documentation of the risk management process, policy, procedures and approaches;

Risk Identification, Assessment and Control Measures

• Contribute to the risk identification and definition of the risk profile and limit system of each managed UCITS / AIF;
• Develop and / or implement new risk management arrangements and / or techniques;
• Perform adequate risk assessments, with regard to any specific request, project or event;
• Define remediating actions and / or implement new control measures as needed.

Risk Measurement and Monitoring

• Calculate and monitor risk metrics of UCITS / AIF;
• Define and implement adequate stress testing;
• Review NAV reports on a regular basis to monitor fund activity and identify any unusual item;
• Perform any other risk analysis and monitoring as needed.

Investment Restriction Monitoring

• Review investment restriction control reports and analyse potential breaches.

Risk Reporting

• Prepare risk management reports to the Senior Mgt / Board;
• Prepare regulatory reporting in relation with risk aspects.

Operational & IT Risk Management of the ManCo

• Act as second line of defence within the ManCo to ensure that risks are properly identified, assessed, and managed by the first line of defence in line with internal policies;
• Review and analyse new projects, processes, products, investor documents and provide support to the first line of defence.

As a Fund Risk Officer you will also need:

• Master in economics / finance / mathematics or equivalent;
• At least 5 years’ experience in the fund industry, ideally in the risk management function of a ManCo;
• Very good quantitative and analytical skills;
• Solid knowledge of financial markets & products, in particular financial derivatives;
• Solid knowledge in risk management of funds using a VaR approach and in scope of EMIR is a must;
• Knowledge of operational risk management and IT risk management (incluing DORA) will be considered as an asset;
• Microsoft Office proficiency (Word, Excel, VBA);
• Rigorous and critical scepticism;
• Sense of responsibility and autonomy;
• Team player with good communication skills (both oral and written);
• Fluency in English and French.

We offer you

• Develop and benefit from training on-the-job thanks to an expert team;
• Join the Luxembourg entity of one of the leading banks in Luxembourg and in Europe;
• Have a contributing role in the development of the structure, allowing for a spirit of initiative;
• Work in a convivial and dynamic environment of a human-size company but integrated within a large group;
• Benefit from a wide range of tasks and some autonomy, including multiple contacts with internal and external representatives.

We redefine banking. What about you?

There has never been a more interesting time to work at ING. We’re on a journey that’s centred around our customers, powered by technology and driven by smart, determined people. Our customers feel our people are empowering them to stay a step ahead in life and in business. We’re proud of that!