Role purpose
A senior link between Gateway’s board, fund boards and their delegates.
The Designated Person must have the skill and expertise to oversee delegates and challenge them constructively. Ideally, that experience will have been developed in asset management or the funds industry.
Subject to Central Bank of Ireland approval, the role holder will act as PCF-39C within Gateway Fund Services Limited, an authorised Alternative Investment Fund Manager and UCITS Management Company.
The successful candidate will implement Gateway’s fund-risk management framework across a varied range of fund types.
Duties & responsibilities
- Ensure funds are managed in accordance with Gateway’s fund-risk framework, risk appetite, offering documents, internal and regulatory limits, and applicable Central Bank requirements and guidance.
- Set each Fund Risk Profile, including appropriate metrics and tolerances, and ensure the fund board and Gateway board approve it before launch and when updates are required.
- Measure, manage and monitor fund risk in line with risk appetite and the applicable risk-management process.
- Report quarterly to Gateway’s board and the relevant fund boards on fund risk.
- Review and document breaches, constructively challenge the stakeholder control environment, review incident reports and escalate issues when required.
- Work collaboratively with investment managers, fund administrators and depositaries.
- Perform required risk controls, checks and stress testing under applicable regulations and guidance.
- Maintain the policies owned by the fund-risk managerial function and ensure they are fit for purpose, current and appropriately approved.
- Complete fund-risk onboarding procedures before new fund launches.
- Help design and execute Gateway’s due-diligence programme for oversight of appointed investment managers.
- Advise investment managers and boards on forward-looking risk matters and proactively identify areas of challenge.
- Collaborate with other Designated Person functions, review KIID and KID documents annually or as required, and complete assigned regulatory reporting on time.
Experience & capabilities
- At least five years’ demonstrable senior-level risk-management experience in asset management or the funds industry.
- Qualifications and experience that directly support the expectations of the PCF-39C role.
- Practical experience analysing risk across a wide range of financial instruments, including derivatives, and measuring investment performance.
- Strong knowledge of Central Bank of Ireland and relevant European regulation and guidance, including CP86, AIFMD, UCITS, liquidity-management tools, stress testing and value-at-risk.
- Highly numerate, proficient in risk analysis and stress-testing methodologies, with working knowledge of leading risk-management systems.
- Excellent data-analysis skills and advanced Microsoft Excel proficiency.
- The judgement and gravitas to challenge investment managers effectively on fund-risk matters.
- Open communication, organisation, analytical thinking, initiative and a solutions-oriented approach.
- Ability to identify and escalate material issues, supported by strong report-writing skills.
Education & qualifications
- A third-level qualification in commerce, finance or a quantitative discipline.
- A master’s degree, FRM, CFA or equivalent professional certification is desirable, as is a commitment to pursue one.