Associate, Risk & Controls Oversight

icg; Warszawa; On-site; PLN 120,000 - 180,000; Full time

Job summary

Intermediate Capital Group (ICG) in Warsaw seeks an Associate for Risk & Controls Oversight. You will support product lifecycle oversight, delegated portfolio manager oversight, and governance across ESG and reporting, interfacing with global teams from London, Luxembourg and Warsaw.

The role emphasizes strong analytical skills, collaboration with key stakeholders, and the ability to drive improvements in governance processes within a fast-growing fund complex.

Qualifications

• Undergraduate degree in Finance, Economics, Business Administration, Law or Risk Management.
• Postgraduate degree in the above subjects will be considered a plus.
• Experience in asset management or financial services, including delegate oversight, risk management, compliance or product governance.
• Experience with fund governance or operations is desirable.

Responsibilities

• Coordinate New Product Approval submissions to governing bodies for new funds, mandates and product initiatives.
• Coordinate post-NPA activities, tracking contracts, actions and sign-off requirements.
• Maintain ongoing oversight of AIFM products throughout their lifecycle and supporting reporting.
• Support governance of material fund changes, restructurings and liquidation events with Operations, Fund Legal and other stakeholders.
• Support ESG and sustainability considerations across processes.
• Perform ongoing monitoring - due diligence of delegated portfolio managers and reporting.
• Maintain portfolio manager oversight schedules, due diligence records and monitoring templates.
• Contribute to simplification and standardisation of governance records and templates.
• Identify opportunities to use technology, including AI-enabled tools, to improve process efficiency while maintaining governance.

Job description

Job Title: Associate, Risk & Controls Oversight

Contract Type: 1 year fixed-term contract, full-time

Location: Warsaw

Department: Risk & Controls

Reporting to: Head of Risk and Controls

What the Hiring Manager says...

'This is an exciting time to join the ICG Risk & Controls team. The role provides multiple opportunities to make a tangible impact on the Group's delegate oversight function as we expand the governance offering and support ICG's ambitious growth.'

You will gain extensive exposure to ICG's diverse and rapidly growing private strategies. This position not only provides visibility across multiple key stakeholders and a very diverse spectrum of alternative asset fund strategies but also empowers the individual to shape how the organisation's governance system and process is improved, making a significant impact on the future of our control function operations. The scope covers a wide array of tasks, including portfolio management delegate oversight, product lifecycle oversight, and production of relevant internal and external reporting while remaining abreast with fast evolving EU regulatory framework.

Summary of our opportunity

Intermediate Capital Group (ICG) is an FTSE-100 listed alternative asset manager with over 30 years' history, managing over $100bn of assets and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit. The business employs over 500 people in 20 countries around the world and is well positioned for growth and benefits from the long-term trend of increased demand for alternative investments.

The Risk & Controls Function team consists of professionals based in London, Luxembourg and Poland. The Control Functions (Risk, Compliance and Internal Audit) team operates across London, the US, Luxembourg and Poland. In addition to the permanent team, various external providers are used to supplement delivery, including risk, legal and regulatory advice.

Reporting to the Luxembourg-based team, this role will primarily support product lifecycle oversight and delegated portfolio manager oversight. The scope includes new product approvals, post-NPA activities and sign-off, material fund changes and liquidations, together with the initial due diligence and ongoing monitoring of delegated portfolio managers. The role will also support the integration of ESG and sustainability considerations across these processes and the preparation of reporting to the Executive Committee and Board of Managers.

The role requires intellectual breadth and agility, strong organisational and analytical capabilities, and the ability to coordinate with internal departments and external service providers. The successful candidate will have a problem-solving mindset, good communication and partnering skills, and the ability to work effectively with colleagues based in London, Luxembourg and Warsaw. The role will require regular interaction with Product Development, Fund Legal, Operations, Portfolio Management, Sustainability, Compliance and other relevant functions.

Primary responsibilities for this role include (but are not limited to):

• Supporting the coordination and preparation of New Product Approval submissions to governing bodies for new funds, mandates and material product initiatives.
• Coordinating post-NPA activities, including tracking the completion of contracts, actions and formal sign-off requirements.
• Maintaining ongoing oversight of AIFM products throughout their lifecycle and supporting appropriate reporting and escalation to the governing bodies.
• Supporting the governance and oversight of material fund changes, restructurings and liquidation events in collaboration with Operations, Fund Legal and other relevant stakeholders.
• Supporting the integration of ESG and sustainability considerations across the NPA, product lifecycle and portfolio manager oversight processes.
• Supporting the performance of ongoing monitoring - due diligence of delegated portfolio managers in accordance with the applicable oversight framework.
• Maintaining portfolio manager oversight schedules, due diligence records and monitoring templates, and supporting the escalation and reporting of material observations.
• Contributing to the simplification, standardisation and continuous improvement of processes, templates, governance records and reporting.
• Identifying opportunities to use technology, including approved AI-enabled tools, to improve process efficiency while maintaining appropriate governance and controls.

Key Requirements/ Qualifications

You will have demonstrable experience of:

• Undergraduate degree in a relevant subject, including Finance, Economics, Business Administration, Law or Risk Management. Postgraduate degree in the above subjects will be considered a plus.
• Experience in the asset management or wider financial services industry, including delegate oversight, risk management, compliance, product governance or fund