Risk Manager

Pictet is an investment-led service company, offering wealth management, asset management and related services.

We are an independent investment partnership known for our long-term mindset, responsible approach to business and entrepreneurial spirit. These principles have defined us since 1805. For our clients, colleagues, and wider society, we always aim to do the right thing and honour our commitment to enduring quality.

With more than CHF 686 billion in assets under management or custody as of December 31st 2023, Pictet is today one of the leading Europe-based independent wealth and asset managers.

The Group is headquartered in Geneva, where its activities began, and employs more than 5000 employees. With 30 offices, it is also present in Amsterdam, Basel, Barcelona, Brussels, Dubai, Frankfurt, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel-Aviv, Tokyo, Turin, Verona, Shanghai, New York and Zurich.

The Pictet Group is one of the world's leading independent wealth and asset managers. Founded in 1805 and headquartered in Geneva, Switzerland, the Group is represented at 30 offices in financial centres worldwide, and currently employs over 5200 people. Pictet has been present since 1989 in Luxembourg, where it employs over 700 people.

Pictet Asset Management (Europe) S.A., set up in Luxembourg in 2005, manages the assets of some of the world's largest institutions, financial intermediaries and their clients. Our culture welcomes independent thinkers and centres around investment excellence, a long-term perspective and a dedication to client service.

As a Risk Manager, you will play a vital role in overseeing and managing risk-related activities within our organization, under both Manco Risk and L2 Investment Risk frameworks. You collaborate with the Head of Manco Risk and other stakeholders to ensure effective risk management practices and compliance with regulatory requirements. You demonstrate a solid background in risk management, and a deep understanding of the asset management industry.

• Support the Head of ManCo Risk in ensuring that risks are identified and appropriately managed.
• Assist in the development and implementation of risk management policies, procedures, and methodologies to effectively identify, assess, and manage risks within the Manco.
• Monitor and evaluate risks associated with investment strategies, financial products, and operational processes, providing timely and accurate risk assessments to senior management and stakeholders.
• Conduct risk assessments and assist in stress testing to identify potential vulnerabilities and assess the impact of adverse events on the organization's risk profile.
• Collaborate with cross-functional teams, including portfolio managers, compliance officers, legal advisors, and operations teams, to ensure risk considerations are integrated into business decisions and processes.
• Maintain a comprehensive understanding of relevant regulatory requirements, industry guidelines, and best practices, and assist in ensuring compliance with applicable laws and regulations.
• Stay updated on emerging risk trends, industry developments, and regulatory changes to anticipate potential impacts on the organization's risk profile and recommend appropriate actions.
• Support the preparation of risk reports for senior management, the Board of Directors, and regulatory bodies, highlighting key risk exposures, trends, and recommended risk mitigation strategies.
• Collaborate with external service providers, auditors, and regulatory authorities to facilitate risk-related audits, examinations, and inspections.
• Contribute to the continuous improvement of risk management processes, tools, and methodologies, leveraging technology and automation where applicable.

Education:

• Master degree in finance or business administration.

Experience:

• 3 to 5 years' experience in a similar position and in the asset management industry.

Technical skills:

• Proven experience in risk management within the asset management industry, preferably within a Manco or fund management company.
• Familiarity with risk management frameworks, methodologies, and best practices, including market risk, credit risk, liquidity risk, and operational risk.
• Familiarity with investment strategies, financial instruments, and relevant risk metrics.
• Familiarity with regulatory frameworks and reporting requirements (e.g., AIFMD, UCITS, FINMA regulations, SEC regulations …)
• Experience in conducting risk assessments and assisting in the development of risk mitigation strategies.
• Proficiency in risk management software and tools, as well as advanced Microsoft Excel skills.

Soft skills:

• Discipline and structured mind-set.
• Strong analytical and problem-solving skills, with the ability to interpret complex data and identify key risk drivers.
• Excellent communication skills, with the ability to effectively communicate risk-related concepts to both technical and non-technical stakeholders.
• Proactive.

Langage skills:

• Fluent in French and English.

We will not accept any CVs from agencies.

In accordance with the provisions of the Luxembourg law of 23 July 2016 amending the law of 29 March 2013, candidates may be required to provide an extract from their criminal record. This document, issued by the authorities, must not be older than three months. Such a document will be requested with the aim of carrying out a character check on candidates, bearing in mind the area of activity of our establishment and, more particularly, the tasks described in the job description.

Flexible and modern ways of working

As a responsible and supportive employer, we promote the well-being of our employees through a set of flexible working arrangements, ranging from a work-from-home policy for eligible functions to opportunities for annualised part-time leave and extended parental leave.

Pictet is an equal opportunity employer and is committed to creating a diverse environment. We respect all individuals and seek their inclusion in the workplace.