At a Glance
- Tasks: Lead independent oversight of portfolio management and investment risk across diverse markets.
- Company: Join a leading AIFM solutions provider with a strong commitment to governance and compliance.
- 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 in London 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 playing a pivotal role in investment governance. Located in the heart of the UK financial sector, JTC offers competitive remuneration, comprehensive benefits, and the opportunity to make a meaningful impact within a dynamic and supportive team.
StudySmarter Expert Advice🤫
We think this is how you could land Director in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant 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. We should be ready to discuss how our skills align with their needs, especially around portfolio management oversight and risk assessment. Tailor your responses to show you understand their challenges and how you can contribute.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. We want to ensure we can articulate our experience in AML assessments and governance clearly and effectively.
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can go a long way in keeping us top of mind. Plus, it shows our enthusiasm for the role and the company. And remember, apply through our website for the best chance at landing that dream job!
We think you need these skills to ace Director in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in portfolio management oversight and risk assessment. We want to see how your skills align with the specific responsibilities outlined in the job description.
Showcase Your Independence:Since this role emphasises independent oversight, be sure to illustrate your ability to challenge assumptions and provide constructive feedback. Share examples where you've maintained independence in decision-making processes.
Highlight Relevant Experience:Focus on your experience with AML assessments, fund documentation governance, and valuation oversight. We’re looking for candidates who can demonstrate a strong understanding of these areas, so don’t hold back!
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
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 principles, especially in relation to public and private markets. Be prepared to discuss how you would oversee investment activities and ensure alignment with mandates and risk appetites.
✨Demonstrate Your AML Knowledge
Since the role involves conducting AML assessments, brush up on your knowledge of AML regulations and practices. Be ready to share examples of how you've handled enhanced due diligence in the past, particularly in high-risk scenarios.
✨Showcase Your Governance Skills
This position requires strong governance and documentation skills. Prepare to discuss your experience with reviewing fund documentation and ensuring compliance with regulatory expectations. Highlight any specific instances where you’ve successfully challenged assumptions or strategies.
✨Prepare for Independent Challenges
As a key part of the oversight function, you'll need to demonstrate your ability to challenge PMs and advisers constructively. Think of examples where you've provided independent oversight and how you maintained your independence while still being a supportive team member.
