Associate, Risk & Controls Oversight

ICG FMC Limited; Województwo mazowieckie; On-site; PLN 120,000 - 180,000; Full time

Benefits offered by this job

Wellbeing program

Inclusive workplace

Job summary

ICG FMC Limited is seeking an Associate in Warsaw to support risk and controls oversight for new funds and product initiatives. You will work with global teams on governance, reporting, and lifecycle management, including ESG integration and due diligence of delegated managers.

Reporting to the Head of Risk and Controls, the role involves coordinating with Product Development, Fund Legal, Operations, and Compliance across Europe and possibly the US.

Qualifications

• Undergraduate degree in Finance, Economics, Business Administration, Law or Risk Management.
• Experience in asset management or financial services including risk/ product governance.
• Exposure to alternative investments and familiarity with EU regulatory frameworks.

Responsibilities

• Coordinate New Product Approvals submissions to governing bodies.
• Track post-NPA activities and sign-off requirements.
• Oversee lifecycle of AIFM products and reporting to governance bodies.
• Support governance of fund changes and liquidations with key stakeholders.
• Integrate ESG and sustainability considerations into processes.

Skills

Financial analysis

Risk management

Regulatory knowledge

Stakeholder collaboration

Education

Bachelor's degree in Finance/Economics/Business/Law/Risk Management

Tools

AI-enabled tools

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 governance.
• - Previous exposure to alternative investments, private equity, private debt or private markets investment fund structures would be an advantage.
• - Proficiency in using approved AI-enabled tools to enhance research, analysis, reporting and process efficiency in a controlled environment.

Essential

• - Experience supporting fund launches, new product approvals, product changes, liquidations or delegated portfolio manager oversight.
• - Exposure to an EU regulated environment, including AIFMD, Luxembourg AIFM governance requirements and CSSF Circular 18/698, would be an asset.
• - Interest or experience in process optimisation, automation or the controlled use of AI-enabled tools.

Desirable

• - Prior experience within a listed company environment and exposure to UK corporate governance practices.
• - Experience working in teams spread across different geographies and cultures, and collaborating effectively with external service providers.

Our Global Benefits Framework is centred around these 3 key attributes:

• - Wellbeing - Supporting your mental, physical and financial wellbeing as well as your lifestyle needs.
• - Inclusivity – Fit for purpose and competitive, no matter who or where you are.
• - Longevity – Long Term and sustainable in design .

Inclusion is one of ICG’s key values and we are committed to creatingan equitableand inclusive workplace for everyone. By welcoming different perspectives, we strengthen ICG’s performance, enrich decision-making and contribute to better outcomes for our clients, colleagues, and the markets we serve.Accordingly, our recruitment processesprovideequal employment opportunities to all applicants and employees, regardless of age, ethnicity, disability, sex, gender, sexual orientation, religion, or any other characteristicprotected by local law.

We are equally committed to delivering an inclusive and accessible candidate experience. If you require information in an alternative format,additionaltime for assessments, an adjusted interview schedule, or any other support during the recruitment process, please let us know.