The Company

Fineco Asset Management DAC (‘FAM’) is the Dublin based asset management subsidiary of FinecoBank S.p.A. (“FinecoBank”). FinecoBank (“Fineco”) is a leading European bank with a 20 year history and a fully digital DNA with a branchless approach since the start. Fineco is one of the banks with the widest products range available. Fineco have developed a truly one-stop-solution which includes trading, investment and payment services. Fineco have developed a 100% proprietary platform for trading and investment which covers all customer needs from trading listed and OTC product to investment product such as mutual funds and ETF. In addition to this we also offer banking and payment solution for domestic and international demand.

FAM, which started its operations in May 2018, is authorized by the Central Bank of Ireland as a UCITS Management Company and it currently has approximately €25 bn in assets under management. FAM is a competence centre specialised in the management of fund-of-funds and single strategy funds (both managed internally and also externally buy 19 of the world’s most renowned investment managers). In addition to portfolio management activities, all key supporting and controlling functions, such as Compliance, Risk, Finance and Legal, are also performed locally. FAM started with 5 employees and has grown rapidly over the past 3 years with a headcount currently sitting at 50 FTEs and growing quickly (half of our headcount was hired during the pandemic period).

The Role

The company specializes in the management of investment products across all asset classes. The firm has grown AUM significantly since inception, to c. EUR 25bio as at July 2022. Extensive further growth is planned in the coming years from additions to existing products as well as new product launches. In order to support these growth targets, a vacancy has arisen for a Risk Analyst, focusing on investment risk. Given the current size and growth projections of the company, we are looking for someone who is looking to develop their career through learning and in turn, we offer the opportunity to grow with the organization. The successful candidate will report to the CRO and will work closely with the Risk Managers across all risk categories.

Main Responsibilities

The Risk Analyst will be responsible for controlling, reporting and analysis of the risk management framework of the Company with focus across investment risk management.

Product Investment Risk

• Performing controls on the Fund Risk Frameworks, ensuring risk framework adherence across the relevant risk categories (market, credit, liquidity, sustainability risk etc) and that risk measurement techniques and reporting are correctly developed and applied;
• Controlling, reporting and analysis of the investment risk controls and reports to include, Absolute VaR, Relative VaR, Commitment approach, Stress Tests and/or Scenario Analysis;
• Development, preparation and analysis of the firm’s Sustainability Risk assessments, including keeping abreast of latest regulatory developments and assistance in translating those developments into robust control processes;
• Act as first point of contact for review and challenge of CIO team’s interpretation and application of the risk frameworks and controlling on the outcomes;
• Providing assistance in the risk review and analysis for the new product approval process;
• Preparation of ad hoc commentary and reporting on specific aspects of investment risk as it pertains to the firm’s products;
• Producing reporting and analysis on fund performance, to include performance contribution and attribution.

Governance

• Participate in the Risk Committee, including assisting in preparation of the agenda, compiling and delivering content and preparation of minutes;
• Preparing risk reports to the CEO, the Board of Director’s and to the Group CRO Function as necessary;
• Acknowledge the regulations of the Group, ensuring the local implementation through internal processes and policies, in adherence with the policies of the parent company.

Skills

• Bachelor’s/Master’s degree in Economics/Finance/Mathematics etc;
• At least 1/2 years of financial services experience, preferably gained in a risk or asset management context;
• Strong technical and analytical skills;
• Knowledge of UCITS regulations is advantageous;
• Advanced knowledge of Microsoft Office;
• Completion, or interest in pursuing, professional certifications such as FRM, PRM or CFA will be considered a plus.

We are looking for a motivated and ambitious candidate, who is goal-oriented and with high problem solving skills. The responsibilities listed above are expected to change as the company evolves. To be successful you will need to be proactive and able to work in a dynamic environment where flexibility is key and ongoing learning is required. In return the Company will provide you with on the job learning and the opportunity to become expert in all areas of risk management in asset management.

Location: Dublin