Careers

Associate / Senior Associate – Risk Management Officer

Location

Luxembourg

Contract type

Permanent, full-time

Department

Risk Management

Reporting to

Head of Risk Management

Reference

LUHR000001

Key responsibilities

As part of the Risk Management team, you will contribute to the independent identification, assessment, monitoring and reporting of risks across AFPL’s managed funds.

Your responsibilities will include:

Identify, assess and monitor the key risks to which managed funds are exposed, including market, liquidity, credit, counterparty, concentration and leverage risks.
Perform ongoing risk monitoring across a range of alternative investment strategies and asset classes.
Define, monitor and maintain Key Risk Indicators (KRIs), risk limits and relevant risk metrics in line with the risk profile and investment strategy of each fund.
Monitor compliance with applicable risk limits and investigate potential or actual breaches.
Escalate material risk matters and breaches to the Head of Risk Management and, where appropriate, to senior management and relevant governance bodies.
Prepare periodic risk reports for clients, fund governing bodies and other relevant stakeholders.
Contribute to the preparation of risk reporting for AFPL’s senior management and internal governance committees.
Support the review and ongoing maintenance of Risk Management Processes, policies, procedures and methodologies.
Perform or review risk assessments in connection with new funds, new investments, material changes to investment strategies or new asset classes.
Liaise with Portfolio Management, Valuation, Compliance, Fund Governance and other internal functions as part of the ongoing oversight of managed funds.
Interact with investment managers, investment advisors, administrators and other delegates or service providers on risk-related matters.
Contribute to regulatory reporting and risk-related regulatory requirements applicable to AFPL and its managed funds.
Participate in internal projects aimed at improving risk monitoring processes, tools, models, data quality and automation.

Key requirements/qualification

Master’s degree in finance, Economics, Business Administration, Mathematics, Risk Management or a related discipline.
Relevant professional experience in risk management, investment management, asset management, fund management or financial services. The level of seniority will be determined based on experience.
Good understanding of the Luxembourg investment fund industry and the regulatory framework applicable to Management Companies and AIFMs, particularly AIFMD.
Good understanding of the role, responsibilities and independence of the Risk Management function within an AIFM / Management Company.
Good understanding of investment and risk concepts, including market, liquidity, credit, counterparty, concentration and leverage risk.
Knowledge of alternative asset classes, particularly Private Equity, Private Debt and Real Estate. Previous experience with one or more of these asset classes would be a strong advantage.
Strong analytical skills and ability to interpret financial and investment data.
Very good command of Microsoft Excel. Knowledge of VBA, Python, Power BI or other data-analysis / automation tools would be considered an advantage.
Strong written and verbal communication skills, with the ability to present risk matters clearly and concisely.
Ability to work autonomously, take ownership of assigned responsibilities and manage priorities effectively.
Strong attention to detail combined with the ability to identify and escalate material issues.
Proactive, collaborative and solution-oriented mindset.
Fluent in English. Knowledge of French or another language would be an advantage.

What we offer

Competitive salary and performance-based bonus.
A highly visible and hands-on role within an entrepreneurial and growing independent Management Company and AIFM.
Exposure to a broad range of investment funds, legal structures, investment strategies and asset classes.
Direct interaction with clients, senior stakeholders, delegates, service providers and external advisors.
The opportunity to develop strong expertise in both liquid and alternative investment risk management.
A collaborative, international and professionally demanding working environment.
A strong learning curve and meaningful opportunities for professional development and increased responsibility.

About Ascender Fund Partners Luxembourg S.A.:

Ascender Fund Partners Luxembourg S.A. (“AFPL”) is an authorised independent Chapter 15 Management Company and Alternative Investment Fund Manager based in Luxembourg. Our mission is to deliver fair and unbiased advice, best-in-class ethical services, seamless execution, and long-term portfolio management — values that underpin our relationship-driven approach. We provide tailored fund solutions to Asset Managers, Investment Advisors and Family Offices seeking to establish and manage investment funds across a broad range of asset classes, including listed securities, hedge funds, real estate, private equity, private debt and fund of funds. At Ascender Fund Partners Luxembourg S.A., our culture is built around ambition, collaboration, empowerment, entrepreneurship, professionalism and integrity.

Please send all communications to

Ayşe Cenik – Head of Human Resources / Luxembourg Office

careers@ascenderfp.com