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Investment Model Oversight Manager

Information About This Job

Job Title: Investment Model Oversight Manager
Location: London
Industry:
Contact Name: Adam Small
Contact Email: asmall@lawsonchase.com
Job Published: 7 months ago

Job Description

We are seeking an Investment Model Oversight Manager on behalf of a leading investment management firm. This role can be based in either London or Edinburgh.

 

About The Role

Due to a recent merger, the new Investment Risk Oversight function has been created within the company’s Risk and Compliance area. The Investment Risk Oversight function will be responsible (i) for overseeing the processes and approaches taken to analyse investment risk and (ii) for monitoring the assessment of risks at each stage of the product lifecycle.

The purpose of this role is to oversee the data architecture, models and systems which enable the Investment Processes and governance across all asset classes and regions in ASI. In addition to performing a continuing assurance program of the established first-line models in place, the role holder will be expected to advise on appropriate risk models for new products. Where weaknesses or gaps are identified in 1st line models or systems, the role holder will be expected to track these issues whilst supporting the 1st line teams in addressing them.

The scope of the role will include oversight of third-party market, liquidity and credit risk models, as well as the assessment of operational risks across internally built systems and models that support the Investment Process. The role holder will report into the Global Head of Investment Risk Oversight    

 

Key Responsibilities

  • Provide independent assessment and challenge on model frameworks, assumptions, inputs and limitations

  • Assess the analytical toolkits and models in first-line processes and support their process improvement; advising on solutions and best practise.  

  • Oversee the back-testing of third-party and internally built models, ensuring issues are appropriately addressed.

  • Overseeing the governance of ASI models and systems as they relate to the Model Risk Management Policy

  • Provide model advice and consultancy to governance and portfolio management teams

  • Working with Governance colleagues to ensure that effective risk modelling capabilities are in place to support new products

  • Oversight of modelling capabilities in support of new markets and instruments

  • Tracking issues of concern to the Global Head of IRO and ASI CRO which may be tabled on the agendas of subcommittees of the ASI Enterprise Risk Management Committee so that they can be addressed in a timely and effective manner

 

Skills & Experience

  • Good undergraduate degree, preferably in a numerical discipline

  • Asset management industry experience

  • Good knowledge of financial instruments and markets

  • Strong knowledge in equity, fixed income, credit and derivatives

  • Strong understanding of risk factors and risk models  

  • Good knowledge of portfolio and financial theory

  • Good knowledge of risk model(s): RiskMetrics, APT, UBS Delta, Axioma

  • Advanced Excel skills, including VBA

  • Professional Risk Manager qualification, such as PRM, or willingness to work towards Accuracy

  • Numeracy

  • Planning & Organisation

  • Willingness to take responsibility

  • Good written communication skills

  • Team spirit / ability and desire to work as a part of a team

  • Customer Focus

  • Solution oriented

  • Collaborative

  • Analytical Thinking

  • Building strong positive relationships across stakeholders

 

Desirable Skills

  • Experience in a senior risk management or quantitative role

  • Working knowledge of investment systems: Bloomberg, Factset

  • IMC/CFA would be advantageous

  • Postgraduate degree or qualification in quantitative discipline

  • Spreadsheet assurance experience

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