Investment Risk Manager, IRE

Job Description

Protect the millions who trust us with their futures!

Vanguard’s global Risk Management Group (RMG) is looking for an experienced Investment Risk Manager to provide fund risk management expertise across equity, fixed income and multi asset UCITS funds.

As an Investment Risk Manager for the Vanguard Group (Ireland) Limited (VGIL) Irish entity you will be part of the VGIL Fund Risk Management team, within the global RMG group.

RMG is a department within the Global Risk & Security Division. The division’s mission is to Enable, Protect and Steward Vanguard’s clients, crew and the assets of our investors.

You will have a senior role within RMG and report to the Senior Investment Risk Management Professional, Ireland. Your role will be located in the Dublin office with a primary focus on providing risk management expertise for VGIL funds.

Join us in our mission to take a stand for investors!

In this senior role, you will:

VGIL Fund Risk Management:

• Provide ongoing fund risk monitoring and reporting with a focus on VGIL domiciled funds. The VGIL Fund Risk Management team covers all material risks within funds such as portfolio, liquidity, counterparty, operational and sustainability risks.
• Support the VGIL Designated Person for Fund Risk Management in discharging the obligations assigned to the team. Evidence the appropriate oversight of allocated UCITS obligations and internal fund risk limits and guardrails for VGIL funds.
• Develop and execute improvements to the fund risk framework (policies, procedures and dashboards) in coordination with other RMG teams. Coordinate with other VGIL oversight functions to align methods, processes and tools for the evidencing of oversight of the delegated activities, both for intra group and external delegates.
• Contribute to the development of all crew in the Dublin office by being a mentor and a culture carrier and by growing their business acumen through coaching, presentations and learning sessions on the activities of the Fund Risk Management team.

RMG:

• Contribute to global RMG Objectives and Key Results initiatives such as improving the core global risk management frameworks, global investment data analytics initiatives and enhancing regional risk governance processes and workflows. This contribution might span both investment risk topics (tracking error, global exposure, liquidity risk etc) and operational risk considerations (fund operational incidents and counterparty credit risk) and sustainability risks.
• Develop a deep understanding of Vanguard’s investment management function. Develop and improve existing risk-return analysis, including analysis of performance attribution information, of results of risk models and stress tests analysis and incident analysis to improve the risk / return balance within funds. Contribute to drive risk aware decision making within the portfolio management process by gathering, coordinating and analysing data from various units, crafting reports and providing recommendations.
• Support and develop talent within the RMG group with coaching in technical skills, business acumen and risk management topics.

What it takes:

• Undergraduate degree or equivalent work experience. Graduate degree and professional certification (either CFA, CAIA, FRM or PRM) - or progress towards attainment - preferred.
• Approximately 10 years related work experience either in an asset manager or asset owner or in an alternative investment fund.
• Knowledge of Irish UCITS regulations and oversight model highly desirable.
• Strong investment risk knowledge with a balanced knowledge base of other material risks in open ended funds, such as liquidity risk, counterparty credit risk and fund operational risks. Knowledge of integration of sustainability risks is desirable.
• Experience with investment data integration and automation, with data science applied to investment management and dashboard creation through business intelligence packages or scripting languages all highly desirable.

About Vanguard

We are Vanguard. Together, we’re changing the way the world invests.

For us, investing doesn’t just end in value. It starts with values. Because when you invest with courage, when you invest with clarity, and when you invest with care, you get so much more in return. We invest with purpose—and that’s how we’ve become a global market leader. Here, we grow by doing the right thing for the people we serve. And so can you.

We want to make success accessible to everyone. This is our opportunity. Let’s make it count.

Special Factors

Vanguard is not offering visa sponsorship for this position.

Inclusion Statement

Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.”

We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values.

When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard's core purpose.

Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

Future of Work

During the pandemic, we transitioned to a work from home model for the majority of our crew and we continue to interview, hire, and on-board future crew remotely.

As we have developed the path forward, we have taken a thoughtful approach that both maximizes the advantages of working remotely and the many benefits of coming together and collaborating in a shared workspace. We believe that in-person interactions among our crew are important for preserving our unique culture and advantageous for the personal development of our crew.

When our Crew return to the office, many will work in our hybrid model. A smaller proportion of our crew will operate in the Work from Home work model (for example, field sales crew); or in the Work from Office model (for example, portfolio managers).

The working model that your role falls into will be communicated to you in the interview process – please do ask if you are unsure. We encourage you to make the decision regarding your job interview and offer knowing which model your role will fall into. We will test and learn as our ways of working evolve and will continue to evaluate working models along the way.

INTERNAL CREW, CONTRACTOR & DIRECT APPLICATIONS ONLY

Please note, current suppliers and potential suppliers are not permitted to communicate with or contact or send or otherwise provide any speculative resumes to any department, business unit, subsidiary or affiliate of Vanguard, or any employee thereof, at any time unless expressly instructed or permitted by a member of Vanguard’s HR department. For the avoidance of doubt, Vanguard will not pay any fees to a supplier or potential supplier in respect of any candidate unless Vanguard has either requested the referral or given its prior written consent to the referral. If you would like to partner with Vanguard Europe, please contact [email protected]

Future of Work

During the pandemic, we transitioned to a work from home model for the majority of our crew and we continue to interview, hire, and on-board future crew remotely.

As we have developed the path forward, we have taken a thoughtful approach that both maximizes the advantages of working remotely and the many benefits of coming together and collaborating in a shared workspace. We believe that in-person interactions among our crew are important for preserving our unique culture and advantageous for the personal development of our crew.

When our Crew return to the office, many will work in our hybrid model. A smaller proportion of our crew will operate in the Work from Home work model (for example, field sales crew); or in the Work from Office model (for example, portfolio managers).

The working model that your role falls into will be communicated to you in the interview process – please do ask if you are unsure. We encourage you to make the decision regarding your job interview and offer knowing which model your role will fall into. We will test and learn as our ways of working evolve and will continue to evaluate working models along the way.