Vice President, Investment Risk Management (Private Markets)

Khazanah Nasional Berhad; Kuala Lumpur; On-site; MYR 300,000 - 500,000; Full time

Job summary

A leading sovereign wealth fund in Kuala Lumpur seeks a Vice President, Investment Risk to oversee risk management for key portfolios. The role demands strategic influence and offers exposure to diverse investment strategies. Candidates should have over 10 years in financial management and strong analytical skills. Join a purpose-driven environment that drives national benefits while ensuring strong returns.

Qualifications

• Minimum 10 years in financial or asset management.
• At least 7 years in investment risk management.
• Strong skills in quantitative and qualitative risk assessment.

Responsibilities

• Guide risk assessment for new investments and divestments.
• Validate financial risk models across asset classes.
• Deliver clear, actionable risk reports for senior management.

Skills

Proven Expertise in financial management

Analytical Depth in risk assessment

Market Fluency with private equity

Clear Communication

Collaborative Mindset

Education

Bachelor's in actuarial science, Finance, Economics, or Engineering

Master's, FRM, or CFA

Job description

Lead the Risk That Shapes Returns. Influence Strategy. Redefine Your Limits.

At Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund, we invest to deliver strong financial returns and long-term national benefit. Our Governance, Risk & Compliance (GRC) team plays a critical role in ensuring our investments are resilient, well-governed, and strategically aligned.

We are looking for a Vice President, Investment Risk to lead risk oversight for our Private Markets, Real Assets, Special Situations, and Developmental Assets portfolios. This is more than a risk role — it’s an opportunity to work at the intersection of strategy, investment innovation, and governance excellence.

You will be working with some of the most dynamic investment teams in the region, sharpening your expertise across asset classes, while contributing to decisions that shape billions in capital deployment. You will be part of an environment that challenges you to think deeper, work smarter, and become the best version of yourself.

Why This Role Is Unique:

• Broad Asset Class Exposure – Gain hands-on experience with private equity, real estate, infrastructure, and strategic developmental investments.
• High-Impact Work – Your risk insights will help to influence decisions on multi-million and billion-ringgit transactions.
• Intellectual Challenge – You’ll tackle complex, real-world risk scenarios that demand both analytical rigour and strategic judgment.
• Growth Platform – We believe in pushing talent to excel, equipping you with the tools, exposure, and network to elevate your career.

What You Will Do:

1. Lead Risk Oversight:

• Guide risk assessment for new investments, re-ups, and divestments in Private Markets and Real Assets.
• Ensure risk controls are reviewed annually and enhanced where needed.
• Oversee stress-testing exercises to evaluate portfolio resilience in different market conditions.

2. Analyse and Model Risks:

• Validate and assess financial risk models across asset classes.
• Conduct deep-dive risk-return, downside, and tail-risk analysis.
• Enhance our proprietary investment risk frameworks for better portfolio monitoring.

3. Engage Stakeholders:

• Work closely with deal teams to address risk concerns early and constructively.
• Represent risk perspectives in investment committee discussions.
• Engage with external General Partners (GPs) through virtual or on-site sessions.

4. Shape Policy and Governance:

• Develop and refine investment risk policies aligned with industry best practices (ISO, COSO, etc.).
• Strengthen governance frameworks in collaboration with other GRC teams.

5. Reporting and Audit:

• Deliver clear, actionable risk reports for senior management.
• Address audit findings and drive continuous improvement in investment risk practices.

What We’re Looking For:

• Proven Expertise – Min 10 years in financial or asset management, including at least 7 years in investment risk management.
• Analytical Depth – Strong skills in quantitative and qualitative risk assessment, stress testing, and model validation.
• Market Fluency – In-depth understanding of private equity, real assets, and other alternative investments.
• Clear Communicator – Ability to translate complex risk issues into clear, concise insights for decision-makers.
• Collaborative Mindset – Skilled in engaging with diverse stakeholders, balancing challenge and partnership.
• Educational Background – bachelor’s in actuarial science, Finance, Economics, Engineering, or related field. Master’s, FRM, or CFA a plus.

What You’ll Gain:

• Strategic Influence – Help to shape investment decisions at the highest levels through strong risk insights.
• Diverse Knowledge – Exposure to multiple investment strategies and risk methodologies.
• Professional Development – Opportunities to lead, mentor, and contribute to organisation-wide risk capability building.
• Purpose-Driven Work – Contribute to a sovereign fund with a dual mandate: strong returns and nation-building impact.

We encourage and value applications from all backgrounds, identities, and experiences whereby all qualified candidates will be assessed in a fair and equitable manner. Our employment decisions are based on merit, business needs, and job requirements.