About the Opportunity

Title: Associate Director Investment Risk,  

Department: Luxembourg Risk                                                               

Location: Luxembourg

Reports To: Head of Luxembourg Risk

Level: 7- Associate Director                                                

We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our Global Risk team and feel like you’re part of something bigger

About your team :

Global Risk:

The Global Risk team in Fidelity covers the management oversight of Fidelity’s risk profile including key risk frameworks, policies and procedures and oversight and challenge processes. The team partners with the businesses to ensure Fidelity manages its risk profile within defined risk appetite. The Global Risk function covers all facets of risk management including investment, operational, enterprise, sustainability, model and information security and technology risk.

Luxembourg Risk:

The Luxembourg Risk team fits within the Global Risk function and is responsible for the framework/governance, management of all aspects of risk including market risk, fund liquidity risk, sustainability, fund counterparty/credit risk and information security and technology risk for the local legal entities. 

About your role :

This role supports the oversight over investment and non-financial risk across all types of investment strategies, geographies, and local fund ranges with main deliverables spanning across investment risk types.

As part of your role, you will be expected to monitor non-financial and investment risk incl. sustainability risk within the local fund ranges utilising a range of in-house and vendor applications and provide effective challenge to the business, ensuring best practice and knowledge across the local entities and the group.

The individual will be expected to work with colleagues across regions, develop relationships with the portfolio management teams and be able to shape the management information provided to senior stakeholders and the Boards.

You will be given a platform to grow your technical skills and gain experience across investment strategies. You will be actively involved in enhancement and implementation of risk frameworks in the region.

Through your participation in risk forums, you will be expected to identify synergies and propose ways to optimise existing processes across the team. You will need to be able to work effectively as part of a matrix organization and develop an effective network with colleagues across the Global Risk team e.g. Subject Matter Experts and the business to support broader goals and objectives and ensure best practice and knowledge sharing across the group.

Your responsibilities include:

• Supporting the local risk team in establishing and implementing effective risk governance frameworks, policies and procedures for the oversight of investment risk and non-financial risk in the entities located in the region of employment, including enhancement of existing risk frameworks and implementation of new regulatory requirements within these entities to ensure regulatory compliance and recognized best practices.

• You will provide risk management oversight to the local entities, its fund ranges and its senior management and Boards, ensuring effective management in accordance with the entities risk management framework and their risk appetite.

• Partnering closely with first line teams and support their day-to-day risk management activities. This will include but is not limited to, assisting with Risk and Control Self-Assessments, proactively identifying issues and ensuring these are logged, chairing and ensuring smooth running of risk forums where required, and assisting with the management of risk events where appropriate.  

• Establishing and maintaining highly effective working relationships with all key internal stakeholders from the first line of defence teams as well as with oversight functions (e.g. Compliance and Audit) to compare risk themes and trends to ensure that the oversight functions are closely aligned and duplication avoided.

• Stakeholder management at all levels across the organisation including global risk teams, local senior management and boards, global investment teams and fund managers.

Developing and maintaining a strong external professional network to keep abreast of external developments and ensure they are introduced to the organisation as and when appropriate. This includes attending Industry Forums and/or participating in Industry Working Groups as required.  

About you :

• You are exhibiting true leadership qualities, understand how to motivate others, garner commitment toward your vision and you draw on extensive experience to define an effective risk management model for an Asset Manager and/or Financial Services Firm.    

• You demonstrate a solid experience (10+ years) in working in a Risk Function, preferably in the financial services industry. Furthermore, showcases excellent understanding of instruments traded within investment funds incl. the key aspects of ESG in fund management and a related degree and/or certification.

• You should be efficient and comfortable with large data sets and have strong analytical and problem-solving skills; someone who can thoroughly grasp complex situations and cut through the key elements without getting lost in the “detail”.

• In addition, the candidate should have strong stakeholder engagement and communication skills with the ability to engage with internal and external stakeholders, including the regulators, to address regulatory inquiries and provide necessary information and explain investment risk succinctly and in non-technical terms.

• You should be flexible, approachable, pragmatic, balanced and respond rapidly to changing business needs as well as having a dedication to deliver high quality standards.

• You speak an advanced level of English.

Feel rewarded :

For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.