Senior Risk Manager

Waystone leads the way in specialist services for the asset management industry. Partnering institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn. Waystone provides its clients with guidance and tools to allow them to focus on managing their investment goals with confidence. Within the framework of the Luxembourg based activities, Waystone is looking for a risk manager to join the company’s risk management desk.

**Main Duties and Responsibilities**:
**_
Monitoring of portfolio risks_**
- Monitoring of investment compliance (legal framework restrictions and investment strategy limits) and all levels of risk (market, credit, counterparty, liquidity, sustainability).
- Ensure timely checks, production and delivery of risk and compliance reports.
- Identify risk drivers per investment product (especially bespoke derivatives) and to define the appropriate VaR and stress testing methodologies.
- Effectively escalate, communicate and report breaches to fund managers and to the CSSF.
- Follow up on client requests and ad-hoc investment product eligibility analysis.

**Valuation of OTC Derivatives**
- Understand term-sheets of complex trades
- Setup instruments/develop pricing tools for valuation using
- Available Bloomberg pricers
- BLAN scripts
- Bespoke pricers in Python
- Responsible for pricing of the existing portfolio of trades.

**Set-up of new clients**
- Assess investment strategies and set up limits
- Assess risk profiles and propose relevant risk monitoring methodologies and portfolio stress tests;
- Liaise internally with other departments and externally with clients, in order to set up the production of risk management monitoring;
- Ensure the smooth start-up of daily and monthly reporting processes.

**Other tasks**
- Participate in meetings with prospect or existing clients to cover topics around risk and investment compliance.
- Take ownership of projects while collaborating with other team members locally and internationally.

**Your Profile**:
**Education**
- Master’s degree in a numerical discipline, Engineering, Mathematics, Finance etc. Industry certifications are a plus (e.g., CFA, FRM, CAIA)

Values & Qualities
- We value and require a strong work ethic and collegial/team spirit.
- You are a self-motivated problem solver with the ability to adapt to a continuously changing global environment.
- Provide effective feedback to senior management as well as to peers.

**Experience**
- Experience with Luxembourg’s fund industry and fund risk management oversight framework.
- Strong knowledge of funds regulatory framework
- Market Risk
- VaR methodologies and derived risk analytics
- Liquidity Risk
- Asset side and portfolio liabilities.
- Credit Risk
- Methodologies for risk quantification and rating attribution.
- Understanding and/or proven experience of market practice models for derivatives (credit, equity, rates) valuation.
- Experience in Python, SQL or VBA would be considered as an advantage.
- Fluent in English with very good writing and verbal communication skills. Any other language would be considered an asset.
- 4+ years of relevant professional work experience.

Within our growing Group, this is a role where you can prove yourself and build a long-term career. We offer a competitive package and a friendly environment, where you will join a competent, dynamic, and multicultural team.