Job title: AIFM Risk Management & Valuation Conducting Officer
Job type: Permanent
Emp type: Full-time
Industry: Asset Management
Salary type: Annual
Location: Luxembourg
Job published: 2022-05-17
Job ID: 32833

Job Description

Our Client is a dynamic fintech / regtech start-up comprising an in-house AIFM currently focused on private equity, venture capital and funds of funds. They intend to soon invest in debt, real estate, infrastructure and / or cryptocurrencies. To help manage this rapidly evolving AIFM, our Client is looking to appoint a Conducting Officer in charge of Risk Management & Valuation, reporting to the Chief Executive Officer and the board of managers of the AIFM. 

This is an opportunity to join a fast-paced, entrepreneurial working environment prioritizing teamwork and enabling career development. Their multicultural, dedicated team of investment fund experts, developers and data scientists are committed to pooling together their different backgrounds to reinvent fund services, ultimately working together in becoming a leader in fund services through technology’s disruptive impact.

 

 

AIFM Risk Management & Valuation Conducting Officer

 

Your areas of responsibility:


Risk Policies, Valuation Framework & Governance

  • Follow up on the establishment, implementation and execution of the risk strategy and relevant governance measures, as defined by the management committee and board of managers of the AIFM
  • Implement & periodically review the AIFM’s and the AIF’s risk and liquidity management policy and procedure, and implement such procedures, processes, techniques and measurements and the valuation framework
  • Engage with and advise the AIFM management committee, board of managers, external and internal auditors, the CSSF and others about the AIFM and AIFs risk management
  • Ensure that delegated functions are appropriately governed from a risk standpoint (e.g., portfolio, fund administration & marketing etc.)

 

Risk Monitoring & Reporting

  • Ensure the internal/external production of risk reporting including risk measurements and benchmarks against risk limits
  • Monitor/ ensure that assets of the AIF remain in the thresholds from the constitutive documents & applicable legal provisions
  • Contribute the risk-related components of the annual reporting required by the CSSF and coordinate, as needed, with third parties for its production
  • Coordinate with the production of relevant financial and other metrics, both qualitative and quantitative, required to produce risk reporting at the level of the AIFM

 

Risk Due Diligence

  • Design, initiate and perform due diligence on the portfolio managers and other services providers to the alternative investment funds and the AIFM (the “Service Providers”)
  • Ensure conditions required at the time of its appointment are met by the Service Providers
  • Identify all risk factors relevant to a specific AIF, its measurement metrics and specific limits and the data collection process and compilation

 

Risk Oversight of Portfolio Management

  • Ensure that portfolio company level risks from the standpoint of the AIFM and the AIF are effectively managed
  • Ensure that the investment process undertaken by the delegate follows the relevant investment parameters, as defined in the portfolio management agreement between the AIFM and the portfolio manager
  • Interface with the group relevant risk and investment bodies to monitor compliance with portfolio management delegation
  • Coordinate & participate in the oversight of portfolio company-related operational, regulatory, and other risks regarding the AIF
  • Analyze existing/ new AIF products from a risk management point of view and suggest risk management techniques
  • Define, review, and update detailed risk profiles and risk appetite for the AIFs, and the AIFM

Valuation Oversight

  • Co-create and co-design financial models for the calculation of net present values for alternative investments with an initial focus on the asset classes of Alternative Funds managed by the AIFM from time to time
  • Co-ordinate the Valuation Committee of the AIFM
  • Review, validate and challenge external appraisals on all components (cash flow forecasts, construction of the discount factor, other crucial factors, and model assumptions)
  • Liaise with portfolio managers & valuation providers
  • Work on the analysis of the assets (like common drivers and how a change in the discount rate affects a risk category), and the drivers behind movements and how these impact the risk management



What you offer:

 

  • Good analytical, organizational, writing & communication skills
  • Goal-oriented, hands-on mentality
  • Managing internal and external stakeholders
  • Demonstrated project management skills and accountability for delivery
  • Strong leadership skills
  • Ability to work both autonomously and as part of a team and know when to escalate matters with the Board and local Management
  • Highly goal-oriented, and solutions-focused
  • 8 to 10 years of relevant experience in risk management related roles within an AIFM
  • Master’s degree/PhD in Economics, Finance, Mathematics or Business Administration and Management, with high mathematical content
  • A solid understanding of financial instruments, quantitative finance, risk management methods (e.g., Value-at-Risk), as well as risks linked to complex financial products
  • Good knowledge of the regulatory framework and risk management framework (UCITS, AIFMD, CESR/ESMA guidelines)
  • Proficiency in written and spoken English, as well as French and/or German. Luxemburgish will be considered an advantage