Fixed Income Fund Risk Manager

We are seeking an experienced Fixed Income Fund Risk Manager to join our Fund Risk Team to take principal ownership of the fixed income investment risk capability in Dublin.

This role will be centered on the fixed income franchise of Mediolanum International Funds Ltd (MIFL) and offers a great opportunity to work closely both with internal portfolio managers located in the same building and with external delegated investment managers.

The successful candidate will devote their time to a second line of defence role using a “challenge and support” approach and will be the point of contact for the overall risk profile of internally managed fixed income sleeves and delegated mandates. There might be additional scope and emphasis for the role holder to provide fixed income investment risk support to the multi asset franchise.

The role holder will be part of the wider MIFL Risk Management Function covering fund risk, operational risk and enterprise risk. The Risk Function implements MIFL’s risk strategy and philosophy across the organisation.

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• Maintain and enhance the investment risk governance framework within the fixed income asset class franchise.
• Ensure that fund risk risks are effectively measured and monitored and relevant local policies and Group Circulars are implemented.
• Develop and improve processes, procedures and tools to monitor all aspects of investment risk, of counterparty credit risk and liquidity risk arising in the fixed income franchise.
• Identify hot spot, risk concentrations, unintended exposures and unrewarded risks and monitor key investment decisions associated with existing funds and new fund launches.
• Act as a trusted partner to portfolio managers in a second line of defence role, enabling business outcomes but maintaining a strong independent oversight and challenge ethos.
• Participate in various governance committees, Boards and processes representing the Risk Department and actively promoting opportunities to improve risk mitigations, controls and manage risk.
• Assess emerging and macro risks, including the impact of new products or significant process / business changes and propose effective solutions.
• Support new fund launches and the introduction of new instrument types while promoting a strong risk awareness culture.
• Work and interact closely with internal teams, in particular the Investments Function, Compliance and Product Function in both monitoring and assessing risk within sub funds.
• Participate in regulatory risk and projects tasks as and when required.