Investment Risk Analyst

  • According to profile and experience
  • London, England, United Kingdom
  • Permanent, Full time
  • Axa Investment Managers - Emplois
  • 18 Oct 17 2017-10-18

We are an active, long-term, global, multi-asset investor focused on enabling more people to harness the power of investing to meet their financial goals. By combining investment insight and innovation with robust risk management we have become one of the largest asset managers in Europe, managing €717bn in assets as of the end of 2016. We employ about 2,400 people around the world and operate out of 22 countries.

The main role of the Global Risk Management (GRM) department is to provide AXA IM's General Management with an independent view of the company's risks across all investment teams and entities and to support risk mitigation efforts.

Within GRM, the UK Investment Risk Analysis team perform a range of activity which contribute to ensuring that all portfolios are managed in line with client objectives as well as internal standards and regulatory requirements:
-To provide an independent analysis and management of Investment Risks (Market Risk, Credit and Counterparty Risk, Liquidity Risk, Performance Risk, Pricing and Valuation Risk) for numerous AXA IM investment activities based in the UK (Fixed Income, Equity, Multi Asset, Fund of Hedge Funds and Securities Financing)
-To lead or support Investment Risk project-style activities which enhance our global risk frameworks (Liquidity Risk, Counterparty Risk and so on) as part of the wider global Investment Risk Analysis and Standards team
-To support other Global Risk Management (GRM) teams for their risk analyses when needed

Main responsibilities:

Investment Risk identification, mitigation, monitoring and control:

For all businesses in scope (see above):
-Analyse Investment Risks for new products / instruments and provide assessments to GNBC (Global New Business Committee)
-Define and maintain/enhance, in interaction with front office teams and other stakeholders, Risk Policies and Frameworks for new products / instruments as well as ongoing activities
-Within the context of established frameworks, define Internal Investment Guidelines and Alert Levels for individual portfolios and maintain them to changes in products or market needs
-Maintain a broad awareness of portfolio risk positioning on an ongoing basis using third-party risk systems/models (RiskMetrics, Northfield, etc) and internal systems (“LiPS” Liquidity risk system, etc), via a range of risk measures (TE, VaR, etc) and decompositions.
-Ensure analysis, remediation - and escalation if need be - of Internal Investment Guidelines breaches raised by the Investment Guidelines or Portfolio Control teams
-Perform Investment Risk monitoring (leverage, stress testing…) required by regulation or AXA IM’s standards, raise alerts if needed
-Provide support to Legal teams for the negotiation of ISDA/CSA/GMRA/GMSLA contracts
-Interact with Senior Expertise Risk Managers (SERM) on key investment risks identification and mitigation at investment team level and provide SERMs with analytical support
-Ensure valuation policies and valuation controls are applied and report regularly to the lead of valuation risk activity stream on valuation status in the UK
-It is expected the successful candidate will initially focus on a subset of investment businesses within the team’s scope, and expand progressively to participate on the other investment businesses within the team’s scope over time (for instance they may begin focusing mainly on Equities and Securities Financing, and later expand to participate more on Fixed Income and Multi Asset).

Project-style activities:
-Lead or support Investment Risk project-style activities which enhance our global frameworks (Liquidity Risk, Counterparty Risk…) as part of the wider global Investment Risk Analysis and Standards team.
-Continually review and improve tools and processes on own initiative and as part of wider team and corporate projects.

Senior management support and reporting (UK Chief Risk Officer, etc) by:
-Providing regular summaries to senior management of portfolio risk positionings, as well as risk oversight process effectiveness and completeness.
-Providing regular and comprehensive reporting to local risk committees, boards and regulator
-Providing support where necessary for regulatory, trustee and client visits and other similar needs
-Proactively providing information on new Investment Risk issues and developments

Experience and Qualifications:

-Successful first experience in Investment Risk Management in a major Bank or Asset Management company
-Graduate in Finance with an Asset Management / Risk Management focus or other quantitative discipline
-Relevant professional qualifications can be advantageous
-Strong IT background (XL, VBA, Databases…). Experience with standard risk analysis tools (RiskMetrics, Factset, UBS Delta…)
-Autonomy: is able to complete tasks of a certain technical or relational complexity unsupervised
-Rigour and reliability: demonstrates thoroughness and exercises judgment to provide, in a timely manner, quality analysis and deliverables
-Pragmatism and results orientation: delivers timely, tangible, exploitable results which create value
-Ability to summarise and communicate: provides clear summaries and presentations to management, highlighting key points and control outcomes. Clearly presents these elements in the context of different meetings or committees.
-Effective management of subjects on several fronts: more particularly, proactively acts to anticipate possible difficulties and escalates to management where necessary
-Team spirit: ability and desire to work as part of a team; will support others and build relationships within and outside of their immediate team; able to engage with the team on a global basis