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A multi-billion dollar AUM hedge fund, having expanded exponentially over the past few years, are looking to hire their first operational risk lead.
Reporting into a high-profile CRO and sat with industry leading traders (multi-strategy), this newly created hire will solely manage operational risk for the firm – this is a highly visible and autonomous SME position, where the hire is expected to guide the business / CRO and handle all operational risk tasks in a timely manner.
The role is hands-on and has a core advisory element. An ability to understand the business, from back office through to trading, is crucial as the hire will be expected to provide recommendations to the business and as a ‘fresh pair of eyes’ within the firm they will advise on new processes, controls and the overall risk management framework (that he / she will drive progress on and see through from implementation through to completion). The hire will also be expected to advise the managing partners / the business on market developments, FCA changes, regulatory developments, best practice etc.
Candidates must have a specialist operational risk background. There is a very strong preference for buy-side candidates, but we could consider banking people. Roughly 10-20yrs total experience is deemed correct to step up into the role. Exceptional communication and relationship management skills are above all most important due to the nature of the position and where it sits within the firm.
This is a business-critical hire, the first of its kind for the firm, hence why rather than set a fixed budget, our client is committed to providing the successful candidate with a significant increase on his/her base salary. The firm pride themselves on paying large bonus % to high performing non-investment staff, hence why strong individual performance in this stand-alone role will result in a potentially lucrative compensation package.
