Risk Manager (Prescient Fund Services)

DUTIES & RESPONSIBILITIES

General

• Assist in the identification, assessment, and monitoring of operational and investment risks across the business.
• Support the implementation and maintenance of the risk management framework, policies, and procedures.
• Conduct risk reviews and control testing, particularly in back-office operations and fund administration.
• Monitor compliance with regulatory requirements and internal risk limits.
• Prepare risk reports and dashboards for internal stakeholders and governance committees.
• Support incident and breach investigations and assist in root cause analysis and remediation tracking.
• Contribute to risk awareness and training initiatives across the business.
• Plan and implement risk training to Prescient Fund Services staff as required.

BN52 specific responsibilities:

• Maintain a documented risk management policy and ensure it is reviewed and approved by the Management Company board annually.
• Ensure that risk limits are defined, approved, and monitored for all hedge fund portfolios.
• Oversight to ensure that stress testing and scenario analysis is conducted, to assess the impact of adverse market conditions on fund portfolios.
• Maintain a comprehensive risk register and ensure timely updates and escalation of material risks.

CISCA conduct standard requirements:

• Support the implementation of governance structures that ensure effective oversight of risk and compliance functions.
• Ensure that the board and executive management are regularly informed of material risk exposures and governance issues.
• Assist in the documentation and review of governance policies, including conflicts of interest, complaints management, and liquidity risk management.
• Monitor the effectiveness of delegated functions and outsourced service providers, ensuring appropriate risk controls are in place.
• Ensure that the risk management framework aligns with the principles of fairness, transparency, and investor protection as outlined in the Conduct Standard.
• Any other regulatory compliance related services that the company may require.