Job Description

This is a rare opportunity for an Investment Risk Manager to join Arbuthnot Latham's dynamic and collaborative investment team based in our new head office on Finsbury Circus.



The Investment Risk Manager is responsible for the overall risk management, governance reporting and operational trading for Arbuthnot Latham's discretionary investment portfolios.

The Investment Risk Manager is an integral position to the investment team. They are responsible for ongoing development and implementation of risk systems and associated infrastructure utilised at AL, to support the risk analysis and portfolio reporting the role entails. The ideal candidate will have prior experience both in a similar function and in utilising Bloomberg PORT and PowerBI for data visualisation



The candidate will report to the investment committee to inform them of the risks we carry in portfolios, distilling complex information into actionable insights, with the aim of improving how the investment team manage client portfolios. They will be the main source of reporting from a governance perspective, both to the IC and wider business, to monitor the overall risks the IC are taking.


Finally, they will be responsible for the operational processes and reporting with oversight of model portfolios through the management of staff dedicated to this function.


Where applicable, to place the interests of customers at the centre of all activities, act in a way that is consistent with achieving good outcomes for consumers; and to comply with the FCA and PRA's Conduct Rules.

Risk Responsibilities:

Establish and maintain an investment risk framework that is monitored at the investment management, company risk oversight and board level. Own the development and maintenance of investment risk policies, procedures and processes. Be responsible for the deployment of risk system infrastructure, collaborating with IT teams and third-party data vendors to improve the tools and technologies that support risk analysis and reporting. Drive the continual improvements of our data and analytics systems, including the integration of systems to enhance risk evaluation and reporting as well as managing relations with external software providers such as Bloomberg and MorningStar. Act as "first line" risk defence for Arbuthnot Latham's model discretionary portfolios as it relates to established risk bands and tolerance levels set for each portfolio. Be responsible for the reporting any breaches to risk limits to the appropriate channels with suggested course of action to rectify. Provide ongoing monitoring and analysis of risk within the portfolios at different levels (e.g. region, sector currency, factors, rates, spread etc.) and their implications. Through analysing portfolio exposures, risk drivers, stress tests and liquidity indicators, highlight any concerns proactively. This will require keeping up to date on market movements, changing market dynamics and the implications on the portfolios based on their positioning. Lead the risk meetings as a part of AL's core investment committee process, reporting on output from risk analysis of model portfolios ensuring that data is accurate, relevant and reliable. This will require excellent presentation and communication skills to distil complex risk and performance data into an understandable and actionable insights for the wider investment committee to take decisions on. Review / challenge investment proposals made by the Investment team from a risk perspective, providing risk insights to assist decision making of the IC in the pursuit of exceptional performance of our portfolios in a risk conscious manner. Lead the annual review of Capital Market Assumptions and Strategic Asset Allocation proposals for core model portfolios. Work with senior investment committee members to help ensure that the investment risks are fully understood, appropriately monitored and reported Act as an investment risk subject matter expert, to field enquiries and requests for reviews and analysis from senior IC members. Being proactive in the pursuit of improving data quality and modelling approaches within analytics systems to improve the quantification of portfolio risks. Be responsible for the vendors & internal associates to address & fix modelling issues should they arise. Deliver presentations to internal and external stakeholders or clients as required for communication of our investment process and performance results as it relates to your areas of responsibility. This will likely be particularly pertinent for potential due diligence processes for third parties looking to utilise out investment services.

Operational & Reporting Responsibilities

The Risk Manager also holds the ultimate responsibility for the operational management and trading of our model portfolios and wider reporting requirements associated with these. You will be responsible for the accuracy of the reflection of the model portfolios and changes thereof to different systems that feed off these models, as well as the efficient and accurate trading instructions to client teams to execute this. In order to execute these operational responsibilities, you will oversee, train and manage staff dedicated to these functions on your behalf. You will need to ensure the timeliness, accuracy and quality of their work to ensure excellent execution of our model portfolio decisions. Ensure that trading activity is supported by minuted recorded decisions, changed Model Sheets, Tercero models, Historical Model Changes log.

Collaboration

Collaborate with the senior stakeholders of the investment team to develop the analytical rigour of the investment process. Train and transfer knowledge across research team regarding risk and performance analytics. Design and deliver training sessions on risk methodologies and tools, whilst mentoring junior team members and sharing expertise.

Communications

Contribute to research papers and articles for both internal and external use.

Commercial

Support the growth in new business and client retention through appropriate support to the Distribution team and client communications. Present to external investors where required and support due diligence requests

General Risk

Responsible for managing risks inherent to the role by diligently observing internal policies and procedures.

Key Interfaces:

Director, Global Macro Strategy, Fund Research Manager, Head of Investment Research, MD Wealth Management Investment Committee and oversight/compliance committees. Investment Operations External platform providers Control functions (Audit, Risk, Compliance) Marketing





Person Specification

Knowledge/

Experience/Skills:

Leadership of a core risk function. Significant experience in investment risk management or a similar role, demonstrating understanding of market risk, equity risk factors, credit risk, liquidity risk, asset modelling and analytics in a multi-asset framework and a detailed understanding of the requirements for risk management. Excellent IT skills including previous knowledge of using MorningStar Direct, Factset and Bloomberg PORT for modelling, scenario testing and risk management. BQL programming language and knowledge of Power BI advantageous. Application of risk systems to private client model portfolio management. You will have examples of in-depth, intelligent, quantitative research as it relates to risk oversight Demonstrable knowledge or experience in multi-asset investing is preferred. Experience with asset allocation and model portfolios in a multi asset class framework as well as establishing core Strategic Asset Allocation through the utilisation of Capital Market Assumptions Excellent verbal and written communication skills and a proven ability to interact and build effective working relationships with peers and various stakeholders as the firm's environment is one dedicated to collegial support aimed at serving our clients. Strong attention to detail Ability to work under pressure and to deadlines. Ability to manage multiple tasks simultaneously and complete tasks within allocated time constraints. Excellent written and verbal communication skills Data presentation and analytical skills Keen to pursue professional development. Strong background in performance analysis. Knowledge of UCITs and AIFMD desirable.

Qualifications:

Excellent academic background, including a degree in a quantitative discipline. Pursuit or completion of master's level qualification or highly relevant professional qualifications (CFA, FRM) Evidence of continued academic advancement.

Competencies:

Performance Focus Working Proactively Business and Commercial Focus Creativity and Innovation Problem Solving and Judgement Planning and Reviewing Communication & Confidence Influencing Others Leading Others




About Us

Life, Work and Benefits

Arbuthnot Latham is committed to equal-opportunities for all staff and candidates. We embrace inclusion & diversity and understand why they are critical for the success of our business and people.


Agile working Competitive salary, pension & holiday allowance BUPA Health cover 4x Life Assurance Income Protection scheme Discretionary bonus Market leading maternity/paternity and menopause policies Flexible benefits

Data Privacy and Reasonable adjustments

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https://careers.arbuthnotlatham.co.uk/files/RecruitmentPrivacyNotice.pdf

Reasonable adjustments

: Please let us know of any adjustments or arrangements that you may need to help you apply to this role or that will help you during the recruitment process. If you wish to discuss any particular requirements or concerns you have because of a disability or medical condition please contact us at recruitment@arbuthnot.co.uk. Information you provide about any disability or medical condition will remain confidential unless it is necessary to disclose it to other members of staff or outside agencies to ensure the health and safety of yourself and others, or to implement the adjustments you require. In these circumstances we will first discuss with you how and to whom the information may be disclosed.