Analyst: Investment Risk & Compliance at Prescient

Purpose of role:

• Responsible for the implementation of effective risk management policies and procedures to identify, measure, manage and monitor, on an on-going basis, all portfolio risks relevant to the Management Company’s (“Manco”) schemes, including the investment strategies to which the underlying portfolios are or may be exposed.

Duties and responsibilities:
Market Risk Function

• Responsible for real-time risk measurement and analysis of fund positions, as well as daily reporting and limit monitoring for Board Notice 52 funds.
• Working closely with external risk data providers to analyse and determine any risk breaches in the BN52 funds.
• Reconciling on a daily/monthly external risk data to closed off NAV figures to ensure the correct holdings have been accounted for in the risk calculation, ensuring correct mandate/Board Notice 52 limits are adhered to.
• Ensuring that the risk profile and investment activities of the portfolios disclosed to investors are consistent with the risk limits that have been set out in the fund mandates and Board Notice 52. This includes the accurate calculation of fund exposures to ensure funds are in line with their mandates and regulation.
• Monitoring the risk limits set in the policy and escalating to EXCO as required.
• Timely production and distribution of Monthly (by the 14th day of each month) and quarterly consolidated risk reports to the FSCA (currently for BN 52 funds only).
• Produce and distribute quarterly investor reports detailing certain risk and fund data. This includes providing the reports to managers for review and comment before distribution.
• Produce and distribute comprehensive monthly risk reports to fund managers and trustees, including an executive summary of any issues or breaches encountered during that period.
• Work closely with fund accountants to ensure the timely closing of funds and accurate capture of positions.
• Work closely with Manco compliance to confirm fund exposures or breaches for reporting.
• Perform quarterly risk and performance attribution for the long only funds on the Prescient Management Company, giving each client a risk weighting and ensuring they are not deviating from their mandate.
• Produce audit and risk committee Hedge fund report semi-annually.
• Assist in the annual audit of the BN52 funds including the provision of full risk reports to the auditors and clearing of any queries raised.
• Instrumental in interacting with Prescient Analytics in their services to the Manco.

Required experience and qualifications:

• Relevant experience of at least 2 years + in a similar Risk analyst role in Financial Services.
• A solid understanding of the financial markets and instruments as well as the regulations which govern the industry.
• Financial Qualification / Pref Honours (Finance, Accounting, Audit, Risk Management) required.

Key competencies:

• Attention to detail and accuracy.
• Ability to prioritise tasks.
• Able to take initiative.
• Time management is essential to meet relevant deadlines.
• Proficient in Excel.
• Market and financial product knowledge is essential.
• Communication and relationship building. Dealing with a broad range of stakeholders i.e. portfolio managers, administrators, external risk providers, Trustees, Manco and PFS Directors, compliance reps and the regulator.
• Ability to digest and operationalise new legislation/ regulations.