Conducting Officer Risk – New AIFM

Our client is a global Real Estate and Infrastructure Investment Manager. They are establishing a new AIFM in Luxembourg and looking for an experienced Risk Conducting Officer to join the management team and be instrumental in the development of the business.

The Risk Conducting Officer (RCO) is responsible for overseeing and managing the risk management function of a new Alternative Investment Fund Manager (AIFM) in Luxembourg. The RCO plays a crucial role in ensuring compliance with regulatory requirements and best practices in risk management.

Key Responsibilities:

1. Develop and implement a comprehensive risk management framework for the AIFM, in line with regulatory requirements and industry standards.

2. Identify, assess, and monitor all types of risks associated with the AIFM’s operations, including market, credit, liquidity, operational, and legal risks.

3. Conduct regular risk assessments and stress tests to identify potential vulnerabilities and develop appropriate risk mitigation strategies.

4. Review and approve risk management policies and procedures, ensuring they are up-to-date and in compliance with applicable regulations.

5. Monitor the effectiveness of risk controls and recommend improvements as necessary.

6. Provide guidance and support to the AIFM’s management and staff on risk management issues, ensuring a strong risk awareness culture throughout the organization.

7. Collaborate with internal and external stakeholders, including regulators, auditors, and service providers, to ensure effective risk management practices are in place.

8. Stay up-to-date with industry trends and regulatory developments related to risk management, and proactively implement necessary changes to ensure compliance.

9. Prepare and present risk reports to senior management and the Board of Directors, highlighting key risk exposures and recommending appropriate actions.

10. Act as the main point of contact for risk-related queries from internal and external stakeholders, providing timely and accurate responses.

Requirements:

1. Bachelor’s or Master’s degree in finance, economics, or a related field.

2. Relevant professional certifications, such as FRM or PRM, are highly desirable.

3. Extensive experience in risk management, preferably within the asset management industry and/or alternative investment funds.

4. Strong understanding of Luxembourg regulatory requirements for AIFMs.

5. Excellent knowledge of risk management frameworks, methodologies, and tools.

6. Analytical mindset with the ability to identify and assess risks effectively.

7. Excellent communication and interpersonal skills to effectively interact with stakeholders at all levels.

8. Strong problem-solving skills and the ability to make sound decisions in a fast-paced environment.

9. Proactive and self-motivated, with a strong attention to detail and ability to work independently.

10. Fluency in English, both written and spoken. Knowledge of additional languages, such as French or German, is a plus.