Risk Management Associate Director

Job Title: Risk Management Associate Director

Contract Type: Permanent, full-time

Location: Luxembourg

Department: Risk Management

Reporting to: Head of Risk & Controls

What the Hiring Manager says

‘This is an exciting time to join the ICG Risk & Controls team. The role provides multiple opportunities to make a tangible impact on the Group’s risk management as we expand the risk offering and support ICG’s ambitious growth.’

Summary of our opportunity

The Risk & Controls Function team consists of 6 professionals, based in London and Luxembourg. The Control Functions (Risk & Controls, Compliance, Financial Crime Prevention and Internal Audit) team consist of 25+ employees, based out of London, US, Luxembourg and Poland. In addition to the permanent team various external providers are used to supplement the delivery, such as compliance monitoring, internal audit and general risk, legal and regulatory advice.

Reporting to the Head of Risk & Controls this role will support the design and implementation of the risk management framework which assesses and monitors the principal risks faced by the ICG Group, evaluates appropriate control framework is in place to manage the key risks and ensures that the assurance engagements on the control framework are carried out on a timely and accurate basis.

The role requires a combination of intellectual breadth and agility, the ability to tackle risk and control related issues proactively and decisively, with a problem-solving mind set, superb communication and influencing skills. The successful candidate will have the ability to work with the team and the business providing appropriate support and challenge whilst forming close and constructive relationships internally and externally.

Primary responsibilities for this role include (but are not limited to):

• Work closely with the Head of Risk & Controls to maintain and further enhance ICG Group’s risk management framework to assist the business in the identification, mitigation and management of its risks;

• Assisting the Risk Conducting Officer in the maintenance and update of the Luxembourg RMP, as well as the preparation of the annual risk report to the CSSF;

• Work closely with peers in Risk & Controls function  and with the business towards the ongoing processes of risk and control self-assessment, risk event management and actions processes;

• Carry out thematic process reviews and risk assessments, focusing on risk management and internal controls;

• Work with the Head of Risk & Controls and Finance functions on the ICARA process;

• Assisting the Risk Conducting Officer in the risk management monitoring of the AIFs, as well as reporting to the Board of the AIFM and to the Board of the AIFs;

• Working closely with the business and Compliance functions to implement related regulatory change; focusing on ensuring a robust control environment is in place to meet the regulatory requirements;

• Liaising with Internal Audit, External Audit and Depositaries on risk related topics;

• Work with the business and other control functions to implement regulatory change, focusing on robustness of the control environment to meet local regulatory or legal requirements;

• Attending Executive Committee or Conducting officer meetings, as relevant;

• Contributing to the board meeting/committees and deliver appropriate reporting for the Board to fulfil its “Risk & Control Related” responsibilities;

• Maintain the group and senior management abreast of industry trends, market and regulatory changes and other developments to help manage current and emerging risks.

Key Requirements/ Qualifications

You will have demonstrable experience of: 

Essential

• Undergraduate and/or post-graduate qualifications that are relevant to the role in Risk  Management,  Finance,  Accounting,  Economics,  Business Administration

• Solid  foundation in  alternative asset  fund management in  risk  management  or  in relevant control function role.

• Exceptional communication skills, including presentation to senior management with a focus on clarity and precision in all forms of communication.

• Ability to work autonomously and to manage priorities within a short timeframe

• Creative problem solving with a pragmatic and commercial mind-set

• Proactive and results driven

• Ability to constructively challenge and obtain buy-in

• Trustworthy and respected

Highly desirable

• Business acumen and experience in private assets and fixed income

• Knowledge and exposure to AIFM related regulated environment in previous roles.

• Highly organised, strong at prioritisation and project management

Our Global Benefits Framework is centered around these 3 key attributes:

• Wellbeing – Supporting your mental, physical and financial wellbeing as well as your lifestyle needs.

• Inclusivity – Fit for purpose and competitive, no matter who or where you are.

• Longevity – Long Term and sustainable in design.

Inclusion is one of ICG’s key values and we are committed to creating an equitable and inclusive workplace for everyone. By welcoming different perspectives, we strengthen ICG’s performance, enrich decision-making and contribute to better outcomes for our clients, colleagues, and the markets we serve. Accordingly, our recruitment processes provide equal employment opportunities to all applicants and employees, regardless of age, ethnicity, disability, sex, gender, sexual orientation, religion, or any other characteristic protected by local law.

We are equally committed to delivering an inclusive and accessible candidate experience. If you require information in an alternative format, additional time for assessments, an adjusted interview schedule, or any other support during the recruitment process, please let us know.