Junior Associate - Investment Risk

Waystone; Ireland; On-site; EUR 42,000 - 54,000; Full time

Job summary

Waystone is recruiting a Junior Associate - Fund Risk in Ireland to support daily risk reporting and monitoring for liquid and illiquid funds. The role involves working with the supervisor and supporting the Irish team, with a focus on accurate risk analysis and client servicing.

The candidate should have a 3rd level degree in Finance or Business, 1–2 years in risk or related roles, and familiarity with Excel, Bloomberg and SQL. Teamwork across time zones is expected.

Qualifications

• A 3rd level degree in Finance, Business or similar field is required.
• A Master’s Degree in Finance or mathematical field is desirable but not required.
• Experience in risk or regulatory roles in financial services is preferred.
• Knowledge of risk measurements such as VaR, stress testing and liquidity analysis is beneficial.

Responsibilities

• Complete daily risk reporting tasks for a range of funds.
• Map, create and distribute risk reports using Rabbit, Bloomberg and related systems.
• Develop knowledge of UCITS and AIFMD in risk management.
• Monitor risk exposure, address client queries and escalate issues as needed.
• Perform daily reconciliations on data, accounting and risk analytics.
• Collaborate with teams across locations and time zones.

Skills

Risk monitoring

Risk reporting

Excel proficiency

Data analysis

Education

Bachelor's degree in Finance or Business

Master's degree in Finance or related field (desirable)

Tools

Bloomberg

SQL

Job description

About Waystone

Waystone is a leading asset-servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years' experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion.

All Waystone employees are expected to demonstrate our core competencies as outlined below. The role of Junior Associate - Fund Risk has unique requirements and duties. These responsibilities are to be executed within the organization's framework of core values. Waystone expects all employees to be high performing, self-motivated, learners and leaders.

Summary:

The Junior Associate - Fund Risk will support client servicing through risk monitoring, oversight and reporting. This will be completed by working closely with the supervisor and working in a supportive role within the Irish team (supporting the broader Waystone operations). The client base will include both liquid and Illiquid funds with the Analyst specializing after initial training.

Responsibilities:

• Complete daily risk reporting tasks including mapping, report creation, analysis and distribution of risk reports.
• Gain proficiency with systems used in the risk reporting procedure including Rabbit, a proprietary database and web application, and Bloomberg.
• Develop a familiarity and knowledge of UCITS and AIFMD with respect to risk management.
• Participate in supporting clients through risk reporting. This must be done in a timely and accurate fashion, solving and escalating issues as they arise in the appropriate manner.
• Follow and enhance existing procedures, to solve routine problems.
• Take ownership of a set of funds in order to monitor risk exposure, handle client queries, understand investment strategies and elevate appropriately.
• Perform daily reconciliations on a range of data, accounting, compliance checks and risk analytics.
• Work co-operatively with other groups in different locations and time zones.
• Provide adequate documentation and backup of all operational processes.
• Assisting team supervisor with ad-hoc client queries.
• Other projects and duties as assigned.

REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

• A minimum of a 3rd level Degree in Finance, Business or other similar field is required. A Master's Degree in a Finance or Mathematical field or a related professional qualification would be desirable but is not a requirement.

Experience:

• Ideally, the successful candidate will have worked for at least 1-2 years in a risk, regulatory related role or other role in financial services preferably within the funds industry.
• Knowledge of or previous exposure to some regulatory filings, including but not limited to, AIFMD, UCITS, CPO-PQR, Form PF, Solvency II, OPERA, EMIR and PRIIPs is preferable but not a requirement.
• It would be beneficial if the applicant has previous exposure to a number of risk measurements including Value at Risk, Stress Testing, Liquidity Analysis, Greeks and Back Testing in addition to some knowledge of a range of financial instruments including derivatives.
• The role involves detailed use of Excel and is a quantitative role so an aptitude and comfort working with numbers and spreadsheets is preferred.
• Any experience of using Bloomberg and SQL would be beneficial as they are used on a daily basis.