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Investment Risk Manager (Alternatives) ESG

Website DWS

Asset Manager

Employer: DWS Group

Title: Investment Risk Manager (Alternatives) ESG 

Location: Luxembourg

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future.

Team / division overview: 

Risk is the independent risk oversight function of DWS, working closely with Portfolio Management, Trading and other support and control functions. The Chief Risk Office (CRO) within DWS is an independent function responsible for protecting the business as well as being a trusted advisor and partner for supporting sustainable growth. The Investment Risk as part of CRO has team members in Frankfurt, Berlin, Luxembourg, London, New York, Zurich and Hong Kong.

DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.

As a Risk Manager or a Senior Risk Manager, depending on the relevant working experience, you will be responsible for the assessment, control and governance of investment risks taken within illiquid alternative funds and separately managed accounts, with focus on ESG/sustainability risks for illiquid investments and private debt investments. In your role, you will oversee market, counterparty, credit, and liquidity risks including ESG/sustainability risk factors. You will be instrumental in advancing the risk management framework while supporting growth initiatives within a focus region for the firm.

Role Details: 

As an ESG Investment Risk Manager you will (be):

  • Review and assess the setup of sustainability risk / adverse impact related due diligence methodologies, scoring cards and rating methodologies as implemented for the illiquid alternative asset classes
  • Develop and implement sustainability risk / adverse impact related indicators, measurement methods and risk profiling processes for illiquid alternative asset classes.
  • Contribute to the integration of Climate Risk and Sustainability Risk in the Risk Management Framework for illiquid Investment Strategies
  • Evolve risk models and procedures to adapt to new local laws and regulations
  • Conduct periodic portfolio reviews, model validation, policy update, procedure enhancement and risk reporting

We are looking for: 

  • Previous experience with ESG related risk assessments and methodologies for illiquid alternative assets – covering both aspects of double materiality
  • Sound knowledge of core risk management concepts, asset management and the regulatory framework
  • Strong interpersonal skills and ability to communicate complex topics proactively and effectively facilitating decision making
  • Strong team player, pro-active attitude, and high level of initiative
  • Advanced degree in Economics, Finance or Quantitative fields
  • Minimum 5 years of experience in the asset management industry, preferably in a risk management or front-office role
  • Technical knowledge of financial markets, valuation methodologies and risk models (e.g., DCF, Multiple Approach, VaR, and stress testing)
  • Understanding of key drivers of alternative asset classes with a focus on infrastructure and real estate
  • High motivation, ability to be multi-tasking, innovative approach to problem solving
  • Industry certifications are a plus (e.g., CFA, FRM, CAIA)

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work – feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

DWS’ Hybrid Working model in the UK is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Employees who wish to sign-up to our Hybrid Working model are required to work in the office two days a week, and given the flexibility to work from home for the remaining three.

Some business groups may need you to spend more time in the office, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.

Our commitment to equal employment opportunity

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. DWS is an equal opportunities employer and we welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations. We are committed to providing a working environment free from harassment, discrimination and retaliation.