Director, Risk Management, Liquidity and Valuation

Location
Nashville, Tennessee
Salary
Full time position, with a base salary, bonus, relocation package (if necessary)
Posted
Sep 07, 2021
Closes
Oct 07, 2021
Job Function
Risk Management
Employment Type
Full Time
Education
Bachelors

The Risk Management team is responsible for implementing AB’s global Enterprise Risk Management framework, encompassing investment, operational and counterparty risk. The Investment Risk Management team is independent of the portfolio managers and is responsible for ensuring that portfolios are appropriately structured, monitored and reviewed. The team covers all of AB’s assets under management across all asset classes, strategies and client categories.

AB is looking to hire a Vice President, Risk Management. The role is expected to oversee and further develop the firm’s global independent liquidity risk management program and to provide oversight and governance of the firm’s global valuation and pricing functions.  The role will report to the Chief Risk Officer.

 

Responsibilities:

  • Monitor, review and analyze market and liquidity risks of a wide range of AB managed mutual funds, alternative funds and separate accounts, as well as markets generally
  • Engage with portfolio managers and traders on numerous subjects including portfolio liquidity, security specific liquidity and valuation; establish metrics and limits, as appropriate
  • Work with Operations and IT to ensure appropriate tools and metrics are developed
  • Engage with liquidity risk and valuation vendors to ensure appropriate application of tools
  • Ensure fund liquidity and anti-dilution features (e.g. swing pricing) are appropriately implemented and governed
  • Lead member of firm-wide Liquidity Risk Management Committee, assume the Chair of Committee in the near term
  • Lead member of firm-wide Valuation Committee, providing governance and policy oversight of the firm’s valuation process, assume the Chair of the Committee in the near term
  • Subject matter expertise in liquidity analysis and valuation of hard to value and illiquid investments
  • Governance oversight of relevant regulatory reporting functions regarding fund liquidity
  • Lead the firm’s preparedness to implement SEC Rule 2a-5 that establishes an updated regulatory framework for fund valuation practices
  • Present regularly to Mutual Fund Board of Directors on Liquidity and Valuation; attend client/prospect meetings as needed
  • Stay abreast of developments/trends in financial markets and understand impact to AB’s portfolio strategies across disciplines
  • Work closely with AB’s Legal and Compliance teams on global regulatory risk issues, coordinate risk activities with local legal/compliance/audit efforts and staff
  • Participate in and lead additional risk initiatives and responsibilities over time

Key Behavioral Competencies:

  • Executes in line with responsibilities and seeks an outcome directive;
  • Creates opportunities for commercial impact, client relationships and cost reduction, while coaching others to do the same;
  • Displays clear leadership and grows talent;
  • Leads change;
  • Communicates with impact;
  • Builds Client Relationships (Internal and external);
  • Influences the environment, cultural initiatives and enforces inclusivity.

Qualifications:

  • University degree, advanced degree and/or CFA/FRM a plus
  • 10+ years relevant work experience in investment management, preferably on the buy-side
  • Broad knowledge of security characteristics across public and private asset classes, and especially across fixed income sectors
  • Familiarity with US mutual fund and UCITs regulatory environments
  • Excellent attention to detail and organization skills
  • Proactive self-starter with a collaborative approach to problem solving
  • Strong ability to multi-task and to work under pressure with tight timelines
  • Excellent communications and interpersonal skills
  • Proficient in MS Office applications (Excel, Access, PowerPoint, Word)
  • Knowledge of investment risk and statistics, strong interest to learn

Preferred:

  • Proficiency in SQL is strongly preferred, basic knowledge of database structure and querying, demonstrated ability to mine large datasets for analytical insights
  • Working knowledge of basic programming or strong interest in learning and achieving proficiency in basic programming (e.g. Python)

     

Similar jobs

Similar jobs