PGIM - Director, Designated Person For Fund Risk (PCF 39C)

Responsibilities

• PGIM's Global Wealth UCITS Manager/AIFM seeks to hire an experienced individual to hold the positions of Designated Person for Fund Risk (PCF-39C). This Dublin based role will be accountable for demonstrating adherence with all relevant legal and regulatory requirements.
• What you can expect
• Maintaining an effective framework for fund risk oversight and ensuring that the firm can operate in compliance with CP86.
• Oversee the fund risk managerial function on a day-to-day basis in line with the Business Plan, the UCITS and AIFMD regulations as well as any IPM mandates.
• Responsibility for ensuring the funds under management as well as any IPM mandates are managed in accordance with the entity's risk management framework, the fund offering documents, internal risk limits and applicable regulatory limits.
• Ensure that any breaches of investment strategy are escalated and rectified appropriately.
• Provide ongoing (monthly / quarterly) fund risk monitoring and reporting (credit, liquidity, and counterparty risk) on the full suite of funds under management as well as any IPM mandates.
• Review monthly reporting from the investment managers and investigate any necessary matters. Escalate any material issues to senior management and the Board. Assist in the resolution of such issues.
• Effectively measure, manage and monitor the risk profile of the funds / IPM mandates in line with risk appetite and applicable RMP.
• Work collaboratively with the DP for Operational Risk to oversee the risk management policy, risk register and risk appetite. This includes monitoring the procedures put in place designed to ensure risks pertaining to the Company as a whole as well as the UCITS and AIF funds, and any IPM mandates, are identified, monitored and managed.
• Complete due diligence visits to the investment manager and provide reporting to the Board.
• Participate in the monthly CP86 working group discussion and provide a monthly written fund risk report.
• Work collaboratively with the DP for Investment Management to maintain an effective oversight function.
• Participate in the quarterly Company Board meetings and provide quarterly written fund risk reports to the firm's Board of Directors.
• Participate in the quarterly UCITS and AIF Fund Board meetings and provide quarterly written fund risk reports to the fund's Board of Directors.
• Ensure appropriate board approvals of the risk profile of the fund(s) / IPM mandates prior to launch.
• Guiding and educating the firm's management and staff on fund risk and updating knowledge on recent regulatory changes related to fund risk.
• Managing a small team and contributing to their professional development.

Requirements

• Must meet minimum requirements of Central Bank of Ireland fitness and probity rules in respect of a PCF holder.
• Significant experience in the investment management industry.
• Private credit and real estate experience a plus.
• Fluid understanding of performance and risk measures such as sensitivities, VaR, tracking error and stress testing.
• Deep understanding of and technical expertise in funds from an investment risk and regulatory perspective.
• A background in Business Intelligence Reporting on visual and data analytics using Tableau, Power BI or Cognos.
• Experience using statistical computer languages (R, Python) is a plus.
• Good understanding of data and systems and related experience working with various risk systems (BlackRock Aladdin, FactSet and Bloomberg etc.).
• Have the necessary gravitas and experience to effectively challenge Investment Managers with respect to risk matters.
• Ability to identify material issues and know when to escalate them.
• *PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
• What we offer you
• Health Insurance: PGIM Ireland partner with Laya and BUPA to provide health insurance schemes that cover eligible employees day to day medical and hospital expenses.
• Annual Leave of 23 days at full pay.
• Pension Scheme: Members of the scheme can contribute up to 8% of salary

Benefits

Additional Information

Dublin, Global Wealth, Hybrid A GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we're always looking for ways to improve financial services. We're passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading global asset managers! If you're not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that's investing in your future by shaping tomorrow today. At PGIM, You Can!

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