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Job Title: Operational Risk Analyst | Dublin 2
Location: Dublin
Position Type: Full Time
Ref: CB040629
Pay range: N.A./Neg
Remuneration: €40000 - €50000

Role Overview:

Operational / Business Risk Analyst role in the Dublin CBI-regulated Alternative Investment Fund Manager (AIFM) entity of a U.S. headquartered asset management firm, which also has additional trading and business development permissions across EMEA.

This individual will serve as 1) a key liaison across local and global business functions on risk matters and 2) a key person responsible for the execution of the counterparty and operational risk frameworks (including fund guideline oversight), in accordance with best practice guidance and regulatory requirements.

This role will be responsible for ensuring adequate analysis, research and approval of execution counterparties for EMEA. The role will also include the identification / management of operational risks and issues, as well as the development of solutions and re-engineering of processes to avoid future control / process weaknesses. This hands-on position requires the ability to challenge and coordinate front-to-back business management, as well as collaboration with risk and support and control colleagues across the global firm. The role is both outward market focused in terms of counterparty credit assessment as well as inward operationally focused through the operational risk elements.

Primary Responsibilities:

This is a unique role to support the business and cover a range of risk disciplines, all of which are interconnected and allow for holistic risk oversight.


Assist with daily/monthly/quarterly counterparty exposures reporting and producing estimates of potential losses in the event of a counterparty default
Participate in on-going counterparty credit monitoring through semi-annual/annual financial statement reviews
Utilize rating agencies€ reports, financial press, and other research to stay current on events which may impact counterparties
Contribute to counterparty risk technology enhancements (comfort around large data sets and familiarity with Tableau a plus)
Operational Risk:

Ongoing management, maintenance and embedding of the operational risk framework, covering all new and existing product strategies and related governance processes.
Identify and investigate operational risk events, ensuring root cause analysis and control assessments are undertaken. This will involve undertaking €deep dive€ reviews on significant and complex events to provide ongoing recommendations to enhance the control environment.
Identify process/control weaknesses and raise issues and associated actions, where required. This will involve notifying responsible owners and providing sufficient oversight to ensure the issue is managed to completion.
Assist with and maintain annual risk and control self-assessments across the business.
Participate in the periodic update of the Irish ICAAP, and maintain the operational risk register and support development of scenario analysis
Administration and Support of the group wide operational risk tools in particular:
Implementation of configurations to support the Enterprise Risk Framework
Support of employee system use / interactions
Testing of new releases and methodology changes
Additional Support (Asset Management Guideline Oversight):

Partner with colleagues in the broader Risk organization to monitor investment portfolios vs. investment guidelines, as needed
Interact and coordinate with Portfolio Managers, Legal & Compliance, Operations, Technology, Client Coverage, and Firm Leadership on a regular basis; maintain a high degree of visibility within the organization.
Key Requirements / Qualifications:

University degree in a related and relevant subject is required.
Demonstrative experience in an asset / investment management firm as a member of an counterparty / operational risk or internal audit team (2 years minimum)
Understanding of QIF and AIFM Platforms.
Understanding of Equity, Fixed Income and Alternative Investment products and supporting processes, associated counterparty / operational risks, best practice standards, related rules and regulations
Comfortable in risk identification and collaboration in creating and solving potential areas of risk
Familiarity with the AIFM Directive
Excellent analytical, critical thinking and problem solving skills
Demonstrated ability to interact with senior management
Team player, flexible, ability to work with a variety of personalities
Ability to assert and influence across all organizational levels
High degree of initiative
Excellent oral and written communication skills

Job Classification

Categories: Accountancy
Accountancy -> Financial Services

Contact Details

Posting Company: Quest Recruitment
Contact Name: Conor Brick
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