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Head of Operational Risk

Mason Alexander are delighted to be working with a major Global Investment Firm in the hiring of a Head of Operational Risk to support their Irish Manco. The firm have enjoyed substantial growth and in addition to recent senior hires in their Dublin office, are keen to bring on an experienced professional to serve as Designated Person for Operational Risk (PCF 39B) for the Irish Manco and European branch offices. This is a full-time, permanent job opportunity.

The firm is experiencing an exciting period of growth across Europe and particularly in Ireland with big pushes in private debt and liquid funds; this is an exceptional opportunity to join an established entity and genuinely make a vital busines role your own.

 

Responsibilities

• To provide robust oversight of the firm’s delegates including investment management companies within the group and third-party administrators and depositaries

• To help develop the firm’s operational risk framework including KRIs and risk appetite statement and work with the CRO to develop risk reporting and governance

To support the CRO with regard to firm level operational risk to ensure material emerging and top risks are identified, discussed and escalated both within the firm and globally within the group
• Identify material operational risks within the firm’s and its delegates assess the effectiveness of control design, changes and ensure that any control gaps identified are managed until closed within a timely basis
• Appropriate documentation of the firm’s risk framework and delegate oversight process
• Participate in, or lead, due diligence reviews of delegates and key service providers and the firm’s branch offices
designed to assess and mitigate risk
• Elevate, report and investigate errors, losses and near misses, identifying the root causes and overseeing the implementation of corrective actions
• Work with the relevant delegate or line of business to ensure that all risk events are comprehensively captured within the risk management platform
• Review key risk indicators, identifying trends and root causes for red and/or amber conditions
• Ensure that processes, risks, and controls are continually reassessed for appropriateness and completeness
• Assess on key change initiatives within the firm and its delegates to understand the operational risk impact
• Production of routine operational risk reporting for senior management and governance committees compiling management information and adding quantitative/qualitative risk analysis


 

Experience

This role would be ideal for a senior candidate, experienced within oversight or operations risk from an investments or funds background.
 

• Degree-level education in relevant field
• Professional operational risk management qualification is desirable
• Experience of risk management in an Irish Manco / MiFID Firm / Top up Permissions (preferably both)

• Sound knowledge of one or more of the following business areas, UCTIS/ AIFMD/ MiFID requirements with regard to oversight of Delegates/ material outsourced providers. Sound understanding of fund management and fund administration
• Understanding of the investment process and key processes and controls relating to fund management and fund administration
• Excellent interpersonal and relationship-building skills – vital for working successfully with European branches

• Knowledge and experience of current regulatory topics and change programmes is advantageous


 

For further information on this Head of Operational Risk vacancy or any other financial services opportunities in Ireland, please apply via the link below or contact Josh Craig in the strictest confidence on 015222930 or j.craig@masonalexander.ie

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