Senior Associate – Public Market Risk & Assurance

Job Description

<p>(Please ensure you apply using your updated LinkedIn profile and attach your updated CV with your application)</p><p><br></p><ul><li><strong>Position: Senior Associate – Public Market Risk &amp; Assurance</strong></li><li><strong>Directorate: Governance, Risk &amp; Compliance </strong></li></ul><p><br></p><p><strong>JOB PURPOSE</strong></p><p>To assess OIA’s Public Market risk exposure, assist in planning, introducing, designing, and implementing the Risk Management framework for OIA while emphasizing on Public Markets in order to support in optimizing OIA’s risk to reward relation.</p><p><strong>ROLES AND RESPONSIBILITIES</strong></p><p>• Support in mapping the governance and risk environments for the Public Markets directorate within OIA and create a framework of policies and practices to allow compliance with investment regulations and mitigating risk.</p><p>• Develop risk dashboards for public markets portfolio to enable live visualizations of risk exposure of the portfolio.</p><p>• Implement the Aladdin investment management system and liaise with risk management system providers and public market exchanges to ensure investment and risk management for public markets is efficiently facilitated.</p><p>• Maintain the Bloomberg CMGR compliance engine and update the rule library to fit new mandate guidelines as required to ensure effective applicability of the engine.</p><p>• Review the Public Markets Directorate’s investment strategy and measure its risk management to ensure that the directorate follows OIA’s risk management policies.</p><p>• Perform scenario and “what-if” analysis for the public market’s portfolio and any changes in asset allocation to ensure an accurate outlook on portfolio position and exposure.</p><p>• Assess the different risks associated with OIA’s Public Market investments and resolve risks that form a cataclysmic effect on OIA, while assessing lower risks on whether to resolve or tolerate to ensure OIA is effectively protected.</p><p>• Monitor the implemented risk framework and the changes that occur in the investment portfolio to ensure that any changing factors are identified and addressed.</p><p>• Monitor all trades occurring through public markets and identify and resolve compliance violations to ensure trades execution is not interrupted.</p><p>• Support in the preparation of periodical risk quantifying reports and submit to the Chief Governance Risk &amp; Compliance to present to the audit committee and board of directors to ensure accurate audits are prepared and the board is well informed of the fund’s risk standing.</p><p>• Support external auditors with required risk reporting to asset sensitivity to ensure compliance with IFRS requirements.</p><p>• Develop risk reporting guidelines for the Future Generations Fund structure to ensure accurate and timely reporting for the fund.</p><p>• Prepare quarterly compliance breach reports to ensure the GRC team is well aware of OIA’s degree of compliance with set standards.</p><p>• Communicate with the Public Markets team about embedding risk management frameworks and provide recommendations on best practices in public markets to ensure continued business optimization.</p><p>• Provide advice on investment compliance issues and queries for public markets to ensure investing team is fully aware of public market guidelines and update ISDA protocols when needed to comply with SEC and CFTC regulations.</p><p>• Oversee the due diligence process for onboarding and approval of new and existing counterparties and advise and train the GRC team on the process for KYC/ AML for the counterparties to ensure counterparties are onboarded in line with OIA policy and public markets trading requirements.</p><p>• Perform ad hoc background checks and due diligence on related individuals and companies as needed to ensure OIA is safeguarded from counterparty risk.</p><p>• Undertake a thorough study of all documented compliance risks to the public markets portfolio and propose required action plans.</p><p>• Review OIA guidelines to ensure that relevant risks are highlighted and controls are embedded accordingly.</p><p>• Design, implement and monitor control systems to deal with violations of internal policies and breaches.</p><p>• Regularly assess the efficiency of compliance control systems working in close coordination with Compliance to recommend effective improvements.</p><p>• Identify and highlight to the Management team any non-compliance issues or breaches to resolve, highlighting the risks that might surface as a result.</p><p>• Comply with the implementation of Governance, Risk &amp; Compliance Directorate policies and procedures, to ensure that all relevant procedural and legislative requirements are fulfilled.</p><p>• Comply with all relevant health, safety, and quality requirements, in order to guarantee employee safety and legislative compliance.</p><p>• Contribute to the identification of opportunities for continuous improvement of systems, processes and practices taking into account ‘leading best practices’, improvement of business processes, cost reduction and productivity improvement.</p><p><br></p><p><strong>Educational Qualifications:</strong></p><ul><li>Bachelor’s Degree in Finance, Risk Management, or similar fields</li><li>FRM, PRM, IMC or is desirable.</li></ul><p><strong>Work Experience</strong></p><p><br></p><ul><li>8 to 10 years of work experience in an investment environment</li></ul><p><br></p><p><strong>COMPETENCIES REQUIRED</strong></p><ul><li> Discipline &amp; Punctuality</li><li> Creative and Innovative Thinking</li><li> Teamwork &amp; Cooperation</li><li> Planning and Organizing</li><li> Communicating and Influencing</li><li> Problem Solving</li><li> Achievement Drive &amp; Self-Motivation </li><li> Analytical Thinking</li><li> Decision Making and Judgment</li></ul><p></p>