Risk Consultant recruitment

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, fiduciary and banking solutions to corporations, institutions and affluent individuals worldwide.  For more than 122 years, we have evolved with the changing needs of our clients and our world.  As of June 30, 2012 Northern Trust had $100 billion in banking assets, $4.6 trillion in assets under custody and $704.3 billion in assets under management.

We seek qualified people for a wide range of challenging positions and who are interested in building a career with a global growth company, excel in a team oriented environment, yet respect others and have strong values and principles.

Northern Trust’s presence in Luxembourg consist of Northern Trust Global Services Luxembourg Branch a credit institution originating from the UK which provides custody and depository functions and Northern Trust Luxembourg Management Company S.A. which provides fund administration services. 

Principal Responsibilities:

• Working with the NTMLC Risk Manager to gather data and maintaining a robust risk management framework in compliance with UCITS/SIF risk requirements for the Management Company.

• Assisting in performing initial and ongoing risk assessments of each UCITS/SIF within Northern Trust Luxembourg  Management Company S.A. under the Risk Manager’s instructions. This includes producing a risk profile for each legal entity managed by the management companies.

• Assisting in perform day to day risk analysis to comply with Luxembourg law, client SLA’s and RMP in addition to performing the advanced risk management process including the calculation of liquidity risk, Value-at-Risk based exposures and limits, stress testing and back testing under the Risk Manager’s instructions.

• Assisting in automatization of risk analysis process that was prepared by the NTLMC Risk Manager.

• Monitoring risk management (Market and Counterparty Risk) as per the provisions of CSSF Circular 11/512 and the ESMA guidelines.

• Participating in producing regular reports for the Board of Directors of the Management Company outlining the current level of risk incurred by each Fund such as market risk, operational risk, liquidity risk and counterparty risk and any actual or foreseeable breached to their limits.

• Assisting in reviewing and provide recommendations to the EMEA Risk Manager and Board of Directors of the Fund on any amendments to the funds prospectus in relation to risk management.

 Your profile:

• Minimum Bac +3 in accounting, economics or finance.

• Up to 2 years of experience in Fund Administrator /Risk Metrics/ Finance position in the Luxembourg Fund Industry with an understanding of risk and portfolio management.

• Understanding of the legislation and regulations governing the industry and the Luxembourg Funds regulation.

• Fluent in English/French and/or German

• Good knowledge of financial instruments. 

• Very good working knowledge of Excel and Visual Basic, knowledge of Bloomberg would be a plus.

• Attention to detail and constant focus on quality and client service.

• Seek to develop own skills and capability on a self motivated basis.

• Excellent team player

Northern Trust is an Equal Opportunity Employer and committed to building a diverse workforce.

We ensure our policies guide our behaviours to create and maintain a discrimination-free workplace. We support total diversity: gender, age, race, religion, sexual orientation, gender identity, ethnicity, physical disabilities, and marital/family status, among others.  

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