At a Glance
- Tasks: Lead operational risk management for a multi-billion dollar hedge fund and advise on best practices.
- Company: Rapidly growing hedge fund with a dynamic and high-profile team.
- Benefits: Attractive compensation package, including significant bonuses for high performance.
- Other info: Autonomous role with excellent visibility and career advancement opportunities.
- Why this job: Be the first operational risk lead and make a real impact in a prestigious firm.
- Qualifications: 10-20 years of operational risk experience, preferably in buy-side or banking.
The predicted salary is between 120000 - 180000 € per year.
A multi-billion dollar AUM hedge fund, having expanded exponentially over the past few years, are looking to hire their first operational risk lead. Reporting into a high-profile CRO and sat with industry leading traders (multi-strategy), this newly created hire will solely manage operational risk for the firm - this is a highly visible and autonomous SME position, where the hire is expected to guide the business / CRO and handle all operational risk tasks in a timely manner.
The role is hands-on and has a core advisory element. An ability to understand the business, from back office through to trading, is crucial as the hire will be expected to provide recommendations to the business and as a ‘fresh pair of eyes’ within the firm they will advise on new processes, controls and the overall risk management framework (that he / she will drive progress on and see through from implementation through to completion).
The hire will also be expected to advise the managing partners / the business on market developments, FCA changes, regulatory developments, best practice etc.
Candidates must have a specialist operational risk background. There is a very strong preference for buy-side candidates, but we could consider banking people. Roughly 10-20yrs total experience is deemed correct to step up into the role. Exceptional communication and relationship management skills are above all most important due to the nature of the position and where it sits within the firm.
This is a business-critical hire, the first of its kind for the firm, hence why rather than set a fixed budget, our client is committed to providing the successful candidate with a significant increase on his/her base salary. The firm pride themselves on paying large bonus % to high performing non-investment staff, hence why strong individual performance in this stand-alone role will result in a potentially lucrative compensation package.
Head of Operational Risk - Hedge Fund - Large compensation package employer: Mondrian Alpha
As a leading multi-billion dollar hedge fund, we offer an exceptional work environment that fosters innovation and autonomy. Our culture prioritises collaboration with industry experts, providing you with the opportunity to influence key operational risk strategies while enjoying a highly competitive compensation package. With a commitment to employee growth and performance recognition, this role not only promises a rewarding career but also the chance to shape the future of our firm in a dynamic market.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Operational Risk - Hedge Fund - Large compensation package
✨Tip Number 1
Network like a pro! Reach out to your connections in the hedge fund space and let them know you're on the lookout for opportunities. A personal recommendation can go a long way in landing that dream role.
✨Tip Number 2
Prepare for those interviews by brushing up on your operational risk knowledge. Be ready to discuss how you can add value to the firm and improve their risk management framework. Show them you’re the fresh pair of eyes they need!
✨Tip Number 3
Don’t just apply anywhere; focus on firms that align with your values and expertise. Use our website to find roles that excite you and match your skills. Tailor your approach to each company’s culture and needs.
✨Tip Number 4
Follow up after interviews! A quick thank-you note can keep you top of mind and show your enthusiasm for the role. It’s a small gesture that can make a big difference in a competitive hiring process.
We think you need these skills to ace Head of Operational Risk - Hedge Fund - Large compensation package
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to highlight your operational risk experience, especially in the hedge fund or buy-side space. We want to see how your background aligns with the role, so don’t be shy about showcasing relevant achievements!
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 hands-on role. We love seeing candidates who can articulate their understanding of operational risk and how they can add value to our team.
Showcase Communication Skills:Since exceptional communication is key for this position, make sure your application reflects that. Whether it’s through clear language in your CV or a well-structured cover letter, we want to see your ability to convey complex ideas simply and effectively.
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. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Mondrian Alpha
✨Know Your Operational Risk Inside Out
Make sure you have a solid grasp of operational risk concepts, especially in the hedge fund space. Brush up on your knowledge of market developments, FCA changes, and best practices. This will not only help you answer questions confidently but also demonstrate your expertise to the CRO and other key stakeholders.
✨Showcase Your Advisory Skills
Prepare examples of how you've successfully advised on risk management frameworks or implemented new processes in previous roles. Be ready to discuss specific situations where your recommendations led to tangible improvements. This will highlight your hands-on experience and ability to drive progress.
✨Understand the Business Landscape
Familiarise yourself with the firm's operations from back office to trading. Research their strategies and any recent news about them. This knowledge will allow you to tailor your responses and show that you're not just a candidate, but someone who can genuinely contribute to their success.
✨Master Communication and Relationship Management
Since exceptional communication skills are crucial for this role, practice articulating your thoughts clearly and concisely. Think about how you can build relationships with managing partners and traders. Prepare to discuss how you've navigated complex conversations in the past, as this will be key in demonstrating your fit for the position.
