Job Title: AVP or VP/Risk Manager
Reports to: Chief Compliance Officer
Location: Shanghai
Who You’ll Work With: AB China FMC
What You’ll Do:
We are seeking a Risk Manager to drive AB China FMC’s risk management programs, including development and enhancement of our operational risk framework, risk maps and error/incident management processes, as well as investment risk framework. Alongside development of these risk frameworks, this individual will play a key role in the continued development of the FMC business and processes to help the company achieve operational excellence.
Strategy & Leadership
Drive risk management programs to enhance the company’s operational risk framework and investment risk framework, helping to deliver short-term outcomes and longer-term strategic development of the function.
Deliver risk analysis and insights to the Board of Directors, Risk Control Committee, and Risk Management Committee, including the CEO and COO.
Oversee day-to-day elements of the operational risk framework:
Maintain and enhance operational risk management policies and procedures and standards for risk assessment, error reporting, error resolution and management reporting.
Ensure there is an effective process for risk incident and breach reporting and error resolution, including the delivery of supporting management information and analytics.
Ensure there is an effective process for risk and control assessment and remediation action plans.
Design and deliver training on our operational risk framework for new joiners, senior leaders and all FMC employees.
Partner with Strategic Business Unit (SBU) Leaders and global Risk Management colleagues to discuss operational risk matters, provide support and ensure risk culture is embedded in teams.
Oversee day-to-day elements of the investment risk framework:
Perform portfolio-level risk analysis and decomposition across different product lines by managing data, reports, and metrics already in place. Help in analyzing performance attribution.
Perform stress tests and scenario analysis
Perform liquidity analysis and stress tests
Manage the counterparty approval process and overall framework
Support risk reviews of new products and initiatives, and critical vendors and third parties.
Attend industry forums and events to stay current on industry best practice, sharing that information with AB’s global risk function.
Fiduciary Requirements
Support client RFP and due diligence activities with regard to operational risk.
Co-operate and co-ordinate with Compliance, Legal and Internal Audit on system and control issues.
Co-operate and co-ordinate with other SBUs (eg. Information Security) in identifying material risks and mitigating material errors.
Ensure regulatory change related to risk management is implemented and embedded in business practices. Engage with business stakeholders on other regulatory implementation (where appropriate).
People Management
Attract high calibre and diverse talent to the firm;
Mentor and contribute to the development of junior team members;
Successfully manage direct reports to enable them to operate at their highest level;
Engage in firm people activities (e.g. recruitment, performance management, promotion, change management, diversity and inclusion).
What We’re Looking For:
The ideal candidate should have strong analytical skills, a high level of intellectual curiosity, and good interpersonal and communication skills.
Significant previous experience in risk management in the onshore China investment management sector.
Experience implementing operational and/or risk management policies and procedures.
Experience implementing operational and/or risk systems, reporting and management information.
Experience delivering presentations to senior management and governance committees.
Experience developing and delivering operational risk training.
Strong written and oral communication skills, demonstrating clarity and accuracy.
Self-starter with initiative and ability to work independently, with minimal supervision
Strong organization and multi-tasking capabilities, strong attention to detail
Experience with xQuant, WIND, etc
Proficiency in English.
Key Behavioural Competencies
Execute in line with responsibilities and seeks to deliver an outcome;
Create opportunities for commercial impact, client relationships and cost reduction, while coaching others to do the same;
Display clear leadership and accountability;
Grow talent and contribute to the development of peers in the firm;
Lead change;
Communicate with clarity and impact;
Positively influence the environment and culture of the firm and enforces inclusivity.
Who We Are:
About AB
We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, retail investors, and private-wealth clients in major markets around the globe. With over 4,000 employees across 57 locations operating in 26 countries and jurisdictions, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work.
Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us!
AB China FMC (联博基金) is a wholly owned subsidiary of AB and offers a suite of investment services to Chinese investors. AB China FMC offers products that cover the full range of the firm’s investment capabilities, including Equity, Fixed Income, Multi-Asset, Index/Enhanced, as well as Alternative Investments.
Shanghai, China