Global Independent Risk Management Officer
- Luxembourg Luxembourg Luxembourg LU
- Permanent, Full time
- MFS Investment Management
- 18 Aug 18 2018-08-18
Whether you're an investment professional, an expert in sales or a technology specialist, you'll find a culture at MFS that supports you in doing what you do best. Our employees work together to reach better outcomes, always favoring the strongest idea over the strongest individual. We put people first and show care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.
This Luxembourg based position, using discretion and judgment, will perform independent risk monitoring and management for all MFS collective investment products established and registered in Luxembourg (the "Luxembourg Funds") and separate accounts managed by MFS' Luxembourg affiliate ("MFS Luxembourg"). In addition to reporting to the Director of Investment Operations and Trading Analytics, this Conducting Officer position will provide regular reports and relevant data to the other MFS Luxembourg Conducting Officers, and the Board of Directors or similar bodies of each of the Luxembourg Funds. This position will be expected to design, implement and maintain global risk management programs and frameworks for the Luxembourg Funds and MFS Luxembourg, for other jurisdictions, and act as a resource to consult on and fulfill quantitative tasks as needed.
- Maintain familiarity with the global legal and regulatory requirements governing the various risk programs including, but not limited to, Luxembourg regulations and circulars and the related directives and guidelines of the European Union, in particular the guidance documents of the European Securities and Markets Authority (ESMA); as well as the regulations and guidelines o f the Hong Kong Securities and Futures Commission; the Monetary Authority of Singapore; and existing andpending rules proposed by the US Securities and Exchange Commission.
- Act as a point of contact between MFS Luxembourg and local regulators as the designated Risk Management Officer of MFS Luxembourg.
- Develop and maintain knowledge of global financial markets, securitiesand general investment themes in order to bring an informed perspective to the risk management processes. Monitor developments and initiatives in other markets and jurisdictions and be able to advise senior management and the boards on potential impacts on MFS products and business.
- Operates as the primary escalation point for Luxembourg operational business issues. Evaluates, provides solutions, and responds in a timely manner.
- Advise senior management, the MFS Funds Board, Luxembourg Fund Boards and MFS Common Board on a regular basis of the adequacy and effectiveness of the various risk programs; recommend responses to new requirement or desirable enhancements; and, where needed, identify any deficiencies and implement mitigations.
- Develop and maintain documented frameworks for each applicable riskprograms; cooperate with the Legal Department and outside counsels, ensure proper and timely filing of all required risk program documents and reports; develop and maintain documented risk profiles for each of the portfolios within the scope of the position's responsibilities.
- For UCITS funds, establish and maintain documented risk profiles for each of the portfolios subject to one or more of the relevant risk programs.
- Provide liquidity risk management framework program, reporting and escalation as needed to the Luxembourg Funds Board, as required by local regulations.
- Establish and maintain internal and, where appropriate externally provided reports and services that will be monitored to ensure that the risk characteristics of all portfolios remain consistent with their documented risk profiles.E stablish and maintain the framework of controls and reviews and where outside services or r eports are utilized, ensure that annual due diligence is preformed and documented for senior management or the boards as needed
- Oversee the efforts of a global staff of riskanalystswho perform the da y to day reviews and control processes. Develop and advance their training and skill sets, ensuring cross training and their ability to provide backup support at a very high level of competence. Hire, train and manage the risk analysts. Challenge and coach the global investment team on risk issues serving as an independent“ check and balance” to first line risk function.
- Provide related support to MFS senior management on risk related and quantitative issues for MFS. Establish and maintain such additional controls that will assist the Chief Investment Officer. Presents thorough,clear, and insightful analysis.
- Serve as a member or attendee of various MFS Committees providingkey input in areas of risk.
- Assist in the development, review and implementation of Risk related policies and guidelines.
- Serve as a senior resource to MFS on a varietyof quantitative andanalytic topics. Apply advanced technical knowledge to recommend and drive change to implement processes to fill the identified gaps.
- Provide periodic updates on the monitoing of derivatives to the US funds Board of Directors.
- Develop and execute complex business projects and direct colleagues on such projects. Meet established project milestones, goals and objectives within established time frames by utilizing a disciplined approach to delivering on time. Lead team with the identification, evaluation, andresolution of potential obstacles which may have an impact on the completion of the project.
- Assume additional responsibilities as directed by senior management.
- Master's degree in a relevant field or equivalent.
- Minimum 10-15 years of experience in the financial services industry with at least five years in a relevant role related to risk measurement and monitoring or related quantitative responsibilities, for instance a senior financial engineering position with risk or securities valuation attributes.
- Familiarity with European regulatory guidance on risk management, including the "Value-at-Risk" method for calculating global exposure, a significant plus.
- Familiarity with evolving CSSF, ESMA, and SEC requirements for Risk Management.
- Proven quantitative skills particularly in the disciplines of risk, financial engineering and/or securities valuation.
- Relevant industry certification such as Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM).
- Excellent organizational, problem solving, negotiating, written and oral communication skills.
- Experience in managing people or teams, particularly managing teams of individuals in global locations.
- Knowledge of financial products, investment techniques and strategies.
- In depth knowledge of derivatives including fixed income, equity and commodity derivatives.
- Ability to function with a very high degree of independence.
- Proven ability to work well under pressure and manage multiple workflows and projects efficiently and effectively.
- Strong communications skills required as well as the ability to work well with a variety of people at all levels of the company, Boards of various funds and local regulators; and exceptional attention to detail. Effective influencing, collaboration, relationship management, project management and partnering skills.
- Develops and maintains knowledge of financial markets, securities and general investment themes in order to bring an informed perspective to the risk management processes.
- Prior to the conclusion of a signed employment contract, the candidate is obliged to submit an extract from bullet 3 of the criminal record, dated less than 2 months, in order to prove his/ her honorability, integrity and conduct in order to occupy the vacant position.
- If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email firstname.lastname@example.org for assistance.
MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. "Click here to view the 'EEO is the Law' poster and supplement."