At a Glance
- Tasks: Lead independent oversight of portfolio management and investment risk across public and private markets.
- Company: Join a leading AIFM solutions provider with a strong reputation in investment governance.
- Benefits: Competitive salary, professional development opportunities, and a dynamic work environment.
- Other info: Be part of a culture that values integrity, independence, and continuous learning.
- Why this job: Make a significant impact on investment governance while supporting the CEO and Board.
- Qualifications: Strong understanding of AIFMD rules, AML assessments, and experience in private and public markets.
The predicted salary is between 75000 - 100000 € per year.
A senior leadership role responsible for independent oversight of all portfolio management activity undertaken by the AIFM, including delegated PMs, AR “advice only” arrangements, and seconded PM staff. The role leads investment risk oversight, AML assessments for new investments, and fund documentation governance, and contributes to valuation oversight while remaining fully independent of PM execution. The role has no delegated investment discretion and does not participate in portfolio construction, trade execution, or day‑to‑day investment decision‑making. The SMF4 designation reflects responsibility for investment and portfolio‑related risk oversight within the AIFM, rather than firm‑wide enterprise risk management. The role is a central pillar of the AIFM’s investment governance and a key support to the CEO.
MAIN RESPONSIBILITIES AND DUTIES
- PORTFOLIO MANAGEMENT OVERSIGHT
- Oversee investment activity across public and private markets, ensuring alignment with mandates, risk appetite, and regulatory expectations.
- Review investment proposals, portfolio exposures, liquidity, leverage, and concentration risks.
- Provide independent challenge to PMs and ARs on strategy, assumptions, and risk taking.
- Attend the Investment Committee as a non‑voting member, maintaining independence from PM execution.
- AML RISK ASSESSMENT
- Conduct AML assessments for all new investments, including counterparties, sponsors, borrowers, and co-investors.
- Perform enhanced due diligence for higher risk jurisdictions, structures, or PEP linked arrangements.
- Escalate material AML concerns to the MLRO and Risk Committee.
- Integrate AML findings into IC materials and investment due diligence processes.
- FUND DOCUMENTATION & IMA GOVERNANCE
- Review and challenge fund documentation, including prospectuses, PPMs, LPAs, IMAs, investment guidelines, and side letters.
- Ensure investment restrictions, leverage limits, valuation terms, and liquidity provisions are accurate and operationally feasible.
- Oversee contractual arrangements with delegated PMs and AR advisers where relevant to investment governance.
- Monitor ongoing alignment between fund documentation, mandates, and actual portfolio activity, escalating deviations where identified.
- VALUATION OVERSIGHT
- Serve as a member of the Valuation Committee, providing independent challenge on valuation methodologies, assumptions, and private markets fair value governance.
- Remain independent of valuation preparation and approval, ensuring PMs and seconded staff do not influence valuation outcomes.
- Ensure valuation governance remains compliant with AIFMD, FCA expectations, and industry best practice, including the management of conflicts of interest.
- RISK OVERSIGHT
- Risk oversight responsibilities are focused on investment, portfolio, and valuation‑related risks, working alongside Compliance and other control functions for non‑investment risks.
- Serve as a member of the Risk Committee, providing investment risk challenge across liquidity, leverage, valuation, counterparty, and concentration risks.
- Line manage the public markets part time Risk Officer to ensure coherence across risk oversight activities.
- Monitor emerging risks and elevate material issues to the CEO and Board.
- GOVERNANCE
- Produce clear, high quality oversight reporting for the CEO, Board, and committees.
- Contribute to the Management Committee to ensure investment related risks and oversight findings inform business planning.
- Support regulatory inspections and supervisory reviews.
ESSENTIAL REQUIREMENTS
- Maintain and develop the Group’s culture, vision, values and reputation within the marketplace and in addition with all employees, clients, intermediaries and regulatory/official bodies.
- Adhere to self‑development and CPD requirements in accordance with qualification level and in‑house procedures.
- Keep up to date knowledge of the regulatory environment to ensure the business is prepared for new legislation and regulations that will impact the business in the future.
- Ensure JTC remains compliant to all applicable legislation and in good standing within the relevant jurisdiction and public bodies.
- Strong understanding of AIFMD/UK AIFM rules, delegation requirements, and FCA expectations.
- Strong knowledge of private markets (private equity, private credit, infrastructure, real estate) and public markets.
- Experience conducting AML assessments for investment transactions.
- Familiarity with valuation governance, liquidity management, leverage monitoring, and investment due diligence.
- Ability to challenge senior PMs and advisers constructively and credibly.
- Strong governance, documentation, and reporting skills, with high integrity and independence of judgement.
- Prior FCA controlled function holder and experience.
Director employer: JTC Group
JTC AIFM Solutions UK is an exceptional employer that prioritises a culture of integrity, independence, and professional growth. As a Director in Portfolio Management Oversight, you will benefit from a collaborative work environment that encourages continuous learning and development, while also enjoying competitive remuneration and comprehensive benefits. Located in the vibrant financial hub of the UK, this role offers unique opportunities to engage with industry leaders and contribute to meaningful investment governance.
StudySmarter Expert Advice🤫
We think this is how you could land Director
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and engage on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Director role.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their portfolio management strategies and be ready to discuss how your experience aligns with their needs. We want you to shine and show them why you’re the perfect fit!
✨Tip Number 3
Practice your pitch! You’ll want to clearly articulate your experience in investment risk oversight and governance. We suggest doing mock interviews with friends or mentors to refine your delivery and boost your confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. Let’s get you that interview!
We think you need these skills to ace Director
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences that align with the Director role. Highlight your expertise in portfolio management oversight, AML assessments, and governance to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this senior leadership role. Share examples of how you've successfully overseen investment activities and managed risks in the past.
Showcase Your Independence:Since this role requires independent oversight, emphasise your ability to challenge PMs and ARs constructively. We want to see how you maintain objectivity while ensuring compliance and governance.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity at StudySmarter!
How to prepare for a job interview at JTC Group
✨Know Your Portfolio Management Inside Out
Make sure you have a solid understanding of portfolio management oversight, especially in relation to public and private markets. Brush up on the key responsibilities outlined in the job description, such as investment risk oversight and AML assessments, so you can speak confidently about how your experience aligns with these areas.
✨Prepare for Challenging Questions
Expect to be challenged on your ability to provide independent oversight and constructive criticism to PMs and advisers. Think of examples from your past roles where you've successfully navigated similar situations, demonstrating your ability to maintain independence while still being an effective leader.
✨Showcase Your Regulatory Knowledge
Familiarise yourself with AIFMD/UK AIFM rules and FCA expectations. Be ready to discuss how you’ve kept up-to-date with regulatory changes and how this knowledge has influenced your decision-making in previous roles. This will show that you’re proactive and well-prepared for the challenges of the role.
✨Demonstrate Strong Governance Skills
Highlight your experience with fund documentation and governance processes. Prepare to discuss specific instances where you’ve reviewed or challenged fund documents, ensuring compliance and operational feasibility. This will illustrate your attention to detail and commitment to high standards in governance.
