Deputy Head of Investment Risk

Deputy Head of Investment Risk

Location: London (Hybrid)

Salary: Competitive

Contract

Deputy Head of Investment Risk | Contract Role | Competitive day rate (Inside IR35)

Our client, a Pension Fund on the buyside are looking to hire a Deputy Head of Investment Risk. With several Billion AUM they have strategic growth plans to double to this within the next few years. Our client are a very dynamic business with a super collaborative, well connected culture.

Role Overview:

To provide insight and assurance regarding the investment (with a focus on credit, property and funds) and counterparty risks to which our client is / may be exposed. Such insight and assurance to be provided in the context of the stated Risk Strategy and Appetite, its obligation to policyholders and how it conducts it business, its regulatory and other relevant obligations and requirements.

This role sits within the Risk Team. The Risk Team contributes to the overall success of the business by providing the framework and information that supports the delivery of the strategy within the acceptable limits established by the Board.

Key responsibilities

• Review and advise on the ongoing development of the investment risk framework that promotes effective risk management, aligns to the Enterprise Risk Management Framework and meets regulatory expectations.
• Provide advice regarding relevant risk policies and procedures, risk appetite and limits, and the monitoring of these through key risk indicators and risk management information.
• Support the Head of Investment & Counterparty Risk in assessing the investment portfolio and potential new investments and provide insight on portfolio concentrations, vulnerabilities, or new, evolving and crystallising risks. Advise and collaborate with colleagues to ensure management of these risks are appropriately embedded in the investment risk framework.
• Provide risk oversight of the construction of pricing portfolios, implementation of these portfolios, and back book optimisation exercises.
• Provide risk insight and assurance into a range of investment opportunities including private credit, real estate and fund investments.
• . Provide assurance on the adequacy of internal credit rating methodologies and that their application is in line with internal policies and regulatory requirements.
• Maintain the counterparty default risk framework and undertake counterparty credit assessments and monitoring in line with the framework.
• Assess and challenge investment process and system vulnerabilities that present a risk of financial loss or sub-optimal investment decisions.

 

Role-specific requirements:

· Knowledge of credit ratings approaches and methodologies.

· Ability to form and effectively articulate own views and opinions with respect to investment risks.

· Ability to distill information and apply judgement.

· Knowledge of business processes, standards, policies and procedures

· Knowledge of legal, regulatory and industry requirements

· Must be able demonstrate the ability to influence decision-making at a senior level and have strong stakeholder management skills.

· In depth investment and risk management experience.

· A good knowledge of UK defined benefit pensions and bulk annuities would be desirable

 

If you have a wealth of Investment Risk experience and are looking to add significant value at a senior level then this role is for you!