Director of Risk Management

About This Role

The Risk Director is responsible for the independent design, implementation, and oversight of the firm’s enterprise risk management framework. The role ensures that all material risks across asset management, private markets, advisory services, and cross-border fund structures are effectively identified, assessed, monitored, and mitigated in line with QFCRA regulations, internal governance standards, and the firm’s approved risk appetite.

Operating independently from business units, the Risk Director provides objective risk oversight and regularly reports to the CEO and Board Risk & Audit Committee on the organization’s risk exposure and control environment.

Key Responsibilities

Enterprise Risk Governance

• Design, implement, and maintain the firm-wide Risk Management Framework (RMF), covering:
• Market Risk
• Credit & Counterparty Risk
• Operational Risk
• Liquidity & Funding Risk
• Investment & Portfolio Risk
• Legal, Regulatory & Reputational Risk
• Develop and periodically review the Risk Appetite Statement in alignment with strategic objectives.
• Embed risk-adjusted return principles across all business lines, including private equity, discretionary portfolios, and structured funds.

Risk Identification, Monitoring & Controls

• Identify and assess emerging risks across business units, geographies, and investment structures.
• Establish and monitor Key Risk Indicators (KRIs) across portfolios, transactions, and counterparties.
• Lead stress testing, scenario analysis, and risk modeling exercises.
• Maintain a centralized Risk Register capturing incidents, breaches, and control gaps.

Product & Transaction Risk Oversight

• Provide independent risk review and approval for:
• New fund launches
• Private equity and direct investments
• Co-investments and SPV structures
• Institutional mandates and bespoke portfolios
• Evaluate risks related to concentration, leverage, liquidity mismatch, and high-risk jurisdictions.

Portfolio & Investment Risk Monitoring

• Oversee ongoing monitoring of AUM, portfolio exposures, and performance risk.
• Define and enforce exposure limits, stop-loss thresholds, and risk tolerances.
• Ensure compliance with investment mandates and diversification requirements.
• Partner with investment teams to implement hedging or portfolio restructuring strategies where required.

Operational & Technology Risk

• Assess critical processes, operational dependencies, and outsourcing risks.
• Oversee risk reviews related to systems, data security, fraud exposure, and business continuity.
• Collaborate with COO and IT on incident management, resilience planning, and control testing.

Liquidity, Funding & Counterparty Risk

• Monitor firm-level liquidity and short-term funding requirements.
• Define liquidity risk metrics across funds and investment structures.
• Evaluate exposures to banks, custodians, brokers, administrators, and SPVs.

Reporting & Board Engagement

• Prepare and present quarterly risk reports and dashboards to the CEO and Board Risk & Audit Committee.
• Escalate breaches, significant incidents, and emerging macro or regulatory risks.
• Work closely with Internal Audit and Compliance to address findings and strengthen controls.

Regulatory Engagement & Compliance

• Ensure alignment with QFCRA rulebooks (GENE, PIIB, COND, AML/CFT).
• Support regulatory filings, disclosures, and reporting requirements.
• Act as the key point of contact during QFCRA inspections, audits, and thematic reviews.

Qualifications & Experience

• Bachelor’s or Master’s degree in Risk Management, Finance, Economics, or related field.
• 10–12+ years of experience in enterprise risk management within financial services.
• Proven experience in asset management, private equity, or multi-asset investment platforms.
• Strong knowledge of QFCRA regulations, Basel principles, and international risk frameworks (COSO, ISO 31000).
• Experience managing risk across cross-border investment structures and funds is highly desirable.

Core Competencies

• Strong analytical and quantitative risk assessment skills
• Executive-level communication and stakeholder management
• High integrity with independent judgment
• Ability to challenge senior stakeholders constructively
• Strong systems and data proficiency (risk tools, analytics platforms, advanced Excel)

Regulatory Requirements

• Subject to approval as an Approved Individual (AI) by QFCRA (or equivalent).
• Must operate independently from revenue-generating functions.
• Direct reporting line to CEO and Board Risk & Audit Committee required.