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Risk AVP

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The Citco Group Limited

4d ago

  • Job
    Full-time
    Mid & Senior Level
  • Business, Operations & Strategy
    Banking & Finance
  • Dublin

AI generated summary

  • You have a quantitative degree, 4-6 years in Financial Services, strong Excel/VBA/SQL skills, knowledge of OTC derivatives and risk management, and excellent analytical and communication abilities.
  • You will manage a junior team, oversee risk report production, maintain client relationships, resolve queries, and improve operational processes while supporting new business initiatives.

Requirements

  • Quantitative background with a Bachelor/higher level degree or professional qualification (MSc, PhD, CQF, FRM, PRMIA, GARP, CFA, FIA).
  • Proficient in Excel, VBA, SQL.
  • Knowledge of business intelligence tools such as Qlik Sense (or Tableau) and Jaspersoft is a plus.
  • 4 - 6 years’ experience in Financial Services, preferably with detailed knowledge of pricing/valuing/risk managing OTC derivatives using both in-house models/financial libraries/risk systems and specialist vendors such as Bloomberg BVAL, SuperDerivatives and IHS Markit.
  • Knowledge of market, credit, liquidity and counterparty risk measurement and management under regulatory frameworks such as Form PF, Form CPO-PQR, Annex IV, Basel III/CRD IV/CRR and Solvency II is advantageous.
  • You will have excellent analytical, problem-solving and communication skills with proven skills in summarizing & interpreting client requirements.
  • You will have aspirations to become a subject matter expert in proprietary risk solution.
  • You are someone who enjoys project based work, collaboration across team & dealing directly with clients with no 2 days the same.

Responsibilities

  • Management of Junior team members, coordinating workload and overseeing client communication
  • Responsible for the oversight of production of timely and accurate custom and regulatory risk management and fund performance analytics reports to be distributed to hedge fund clients, their investors and regulatory bodies.
  • Responsible for the management of client relationship across the Risk group, coordinating across the wider group to ensure client satisfaction is maintained
  • Reporting of Client KPIs
  • Act in a Senior role by participating in monthly calls or any escalation relating to day-to-day risk reporting issues; participate in communication/escalation aspects of complex issues resolution.
  • You will support the new business process – onboarding new clients, assisting in the preparation of demos, marketing literature, maintaining demo risk system and product development (eg exploring/researching/bringing to market possible new revenue streams such as in response to emerging regulation)
  • Resolve all queries in relation to risk reports.
  • Involved in maintenance, prototyping and user acceptance testing of internally developed valuation models and risk tools.
  • Responsible for operational risk management – risk reporting process documentation; improve processes through increasing level of automation; ensure consistent application of CFS Policies and Procedures; identify and appropriately communicate potential internal and external operational risks.
  • Contribute to cross functional training initiatives.

FAQs

What is the role of a Risk AVP within the organization?

The Risk AVP is a senior member of the Risk Client Services and Business Development team, responsible for managing team members, overseeing client communications, ensuring the production of accurate risk management reports, and maintaining client relationships.

What qualifications are required for this position?

A quantitative background with a Bachelor’s or higher-level degree or professional qualification (such as MSc, PhD, CQF, FRM, PRMIA, GARP, CFA, FIA) is required, along with proficiency in Excel, VBA, and SQL.

How much experience is expected for this role?

The position requires 4 - 6 years of experience in Financial Services, with a focus on pricing, valuing, and risk managing OTC derivatives.

Is knowledge of specific regulatory frameworks important for this role?

Yes, knowledge of regulatory frameworks such as Form PF, Form CPO-PQR, Annex IV, Basel III/CRD IV/CRR, and Solvency II is advantageous.

What tools and technologies should candidates be familiar with?

Candidates should be proficient in Excel, VBA, and SQL, and familiarity with business intelligence tools like Qlik Sense (or Tableau) and Jaspersoft is a plus.

What are the primary responsibilities of the Risk AVP?

Key responsibilities include managing junior team members, overseeing risk management reports, maintaining client satisfaction, resolving risk report queries, operational risk management, and contributing to cross-functional training initiatives.

Is client interaction a significant part of this role?

Yes, the Risk AVP interacts directly with clients and ensures client satisfaction while coordinating across the wider Risk group.

What skills are important to have for this position?

Excellent analytical, problem-solving, and communication skills are essential, along with the ability to summarize and interpret client requirements effectively.

Will there be opportunities for professional development?

Yes, there are opportunities to become a subject matter expert in proprietary risk solutions and contribute to project-based work.

Is teamwork a significant aspect of this job?

Yes, the role involves collaboration across teams and dealing with various stakeholders, which makes teamwork vital.

The Citco Group Limited

The Citco group of companies provides a broad range of financial services for hedge funds, administration, PE & more.

Finance
Industry
5001-10,000
Employees

Mission & Purpose

The Citco Group Limited is a company specialising in financial services, with a particular focus on fund administration, corporate services, and related financial solutions. The company's core activities include assisting clients in managing and administering investment funds, as well as providing corporate and fiduciary services to businesses. Citco's ultimate goal is to be a trusted partner for their clients in navigating the complexities of the financial industry, offering expert support in fund management and corporate services. Their purpose revolves around delivering high-quality, tailored financial solutions that enable clients to succeed in a competitive market, manage their assets efficiently, and meet regulatory requirements. Through their services, Citco aims to facilitate the growth and success of businesses and investment funds.