Fund Risk Manager

Fund Risk Manager, AIFM
Dublin, Ireland
Full-time, permanent role
Hybrid, 3 days onsite

ROLE SUMMARY

CSC is seeking a Fund Risk Manager to support the Designated Person (DP) for Fund Risk Management in providing independent oversight of investment and fund-level risks across a portfolio of Alternative Investment Funds (AIFs). This role focuses on monitoring market, liquidity, leverage, counterparty, credit, concentration, and strategy-specific risks, and on challenging delegated portfolio/investment managers where appropriate. You will help maintain and enhance the AIFM risk management framework in line with AIFMD/AIFMD II expectations and Central Bank of Ireland (CBI) requirements. The role requires strong analytical skills, sound judgement, and the ability to communicate risk matters clearly to senior stakeholders and governance forums.

KEY RESPONSIBILITIES

• Support the DP for Fund Risk in operating and enhancing the AIFM Fund Risk Management Framework, including proportionate oversight aligned to each fund’s strategy, scale, and complexity

• Monitor each AIF’s risk profile against prospectus disclosures, investment restrictions, risk appetite, and internal limits; identify emerging risks and material changes in exposures

• Provide independent oversight of delegated investment/portfolio managers, including review of risk reporting, validation of key assumptions, and constructive challenge of risk assessments and data quality

• Oversee key risk metrics and indicators (market, liquidity, leverage, credit, counterparty, concentration, FX/interest-rate, derivatives), investigate exceptions/breaches, and document outcomes and actions

• Monitor fund liquidity profiles, asset–liability alignment, redemption terms, investor concentration, and cash-flow expectations; escalate material concerns in a timely manner

• Monitor leverage (gross/commitment where applicable) and derivatives exposure versus regulatory/prospectus/internal limits; assess contribution to overall portfolio risk

• Design, perform, and/or oversee stress testing and scenario analysis (market and liquidity), including ad hoc analysis in response to market events or governance requests

• Produce clear, decision-useful fund risk reporting and dashboards for the DP, senior management, governance committees, and the Board, including commentary on trends, limit utilisation, and escalation items

• Coordinate breach management and remediation with delegates and service providers; track actions to closure and identify recurring themes indicating control weaknesses

• Support new fund/product risk assessments and onboarding by reviewing strategies and documentation, and helping set risk limits, KRIs, and monitoring arrangements
  

REQUIRED QUALIFICATIONS

• 4–7+ years of relevant experience in investment risk, fund risk, portfolio risk, asset management, AIFM/ManCo, or a related financial services environment

• Working knowledge of AIFMD/AIFMD II expectations and risk oversight practices for regulated fund structures (experience interacting with CBI expectations is beneficial)

• Strong understanding of investment funds, portfolio construction, and core risk types (market, liquidity, credit, counterparty, concentration, leverage, derivatives)

• Demonstrated experience producing risk reporting for senior stakeholders (DP/senior management/governance committees/Board-level audiences)

• Strong analytical and quantitative skills, including advanced Excel and the ability to interpret portfolio and risk data accurately

• Excellent written and verbal communication skills, including the ability to apply independent judgement and provide constructive challenge

PREFERRED QUALIFICATIONS

• Professional qualification (FRM, CFA, PRM, CAIA or equivalent) and/or relevant postgraduate qualification

• Experience with alternative investment strategies (e.g., private equity, private credit, real assets/infrastructure, real estate, hedge funds, liquid alternatives, fund-of-funds)

• Experience building or enhancing risk dashboards/MI and working with risk systems, data providers, or portfolio analytics tools

• Experience supporting regulatory engagement, thematic reviews, audits, or inspections in a risk oversight context
  

The salary range for this role is €60,000–€65,000. The final offer will depend on several factors, including relevant experience, internal pay parity, our commitment to gender equality and overall suitability for the role.

If your salary expectations fall outside this range, please do still get in touch. We would be happy to discuss whether the level of the role could be adjusted to reflect your experience, as the team is open to considering candidates with a range of experience levels.